Mining-usdt is a scam yield farming/liquidity mining platform that claims to offer high rates of returns but is in fact designed to steal your crypto.
People who’ve fallen victim to this scam have often been introduced to the platform by someone they’ve recently met online, possibly through a dating website or social media platform.
Once they start investing in Mining-usdt the victim will initially see profits appear in their account, but when they try to withdraw their funds, they’ll be blocked from doing so.
The scammers will then demand ‘fees’ to release the money but if these are paid the fraudsters will come up with other reasons as to why the cash is blocked and ask for further payments.
How to spot the Mining-usdt scam
The platform itself is very basic and littered with spelling and grammatical mistakes throughout.
This is a dead giveaway from the outset. Other issues with Mining-usdt include:
- The website name doesn’t match the URL. In fact, it calls itself ‘Trust Wallet’ which is the name of a legitimate crypto service that’s completely unrelated to this site. The logo of the genuine site has also been stolen.
- The site also calls itself ‘smart contracts’ in the page tab, giving it three different identities which no legitimate company would ever do.
- As mentioned, the content is mostly nonsense and full of errors.
- There is none of the company or regulatory information you’d expect from a crypto investment company.
- There are no social media profile links or official app store apps. The site attempts to trick people with official download buttons, but they only lead to the app store home page.
- There is no contact information or address for the company.
- Ironically, there’s actually a warning about fake apps on the homepage – again, a statement designed to fool investors.
- A Domain Authority (DA) ranking of 1, meaning the site has little inbound traffic or links.
- A very new domain name. Scammers typically set up dozens of similar sites before shutting them down a few months later and starting new ones.
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.
