Eth99999 is a scam ETH liquidity mining pool which claims to offer large bonuses for signing up, along with prizes and high returns, but is in fact a fake platform.
The person who contacted PawProfitForum Team about this site stumbled across it while researching crypto on the internet.
They started by purchasing small amounts of Ethereum on a large crypto exchange before transferring it to the scam platform.
At first their investment appeared to be generating an income, so they tried to make a withdrawal and they were able to do so.
Allowing small withdrawals at the start of a scam is a common confidence building tactic used by the fraudsters.
Because they now trusted the site, they invested a much larger amount only to discover that their account had been blocked and they no longer had access to their funds.
The scammers then started making demands for further payments to release the victim’s money, otherwise it would be “locked”.
Fortunately, the individual didn’t pay any further cash to the scammers and managed to limit their losses.
Eth99999 red flags
There are lots of indicators that reveal Eth99999 to be a scam, not least the actual name of the site.
Other giveaways include:
- The domain name and the page title don’t match.
- The site is littered with grammatical errors and blocks of text that don’t make sense.
- Most of the links on the platform are fake and don’t lead anywhere.
- The website features social media links which don’t exist.
- The only contact details are for a WhatsApp or Telegram – two common platforms used by scammers.
- The domain name is very new.
- There’s no information about the company behind the platform, or any team members.
- The site features clearly fake testimonials using stolen studio photos.
- Unrealistic promises of high returns, bonuses and large prizes.
Can I get my money back from the Eth99999 scam?
Crypto scammers try hard to cover their tracks and it’s very difficult for law enforcement agencies to track them down.
However, there are private companies that might be able to help which I’ve written about here.
Have you had any experience with this platform? Kindly share your thoughts in the comment section to help others stay informed and safe.