Orexits – or ETH Mining as it’s also called – is a scam liquidity mining pool which claims to offer investors large returns from ‘dynamic staking’.
However, there are no real returns on offer and the platform is a shell website used in conjunction with a WhatsApp group to scam people out of their money.
The group is populated by bots and other scammers who’re all claiming to making large returns, but none of this is real.
People who have invested have found their accounts blocked after a while and the scammers demanding large sums of money to unlock them.
However, this is all part of the scam and is a common tactic used by those involved in what are known as crypto pig butchering scams.
How to spot the Orexits scam
There are many things wrong with the platform including:
- No functionality.
- A very new domain name.
- Blocks of text that contain multiple errors.
- Reports of the platform being a scam online.
- No social media profiles or official mobile apps.
- A very simple ‘cookie cutter’ website.
- No information about the team or company.
- No contact details or address on the website.
- A different platform name to the URL.
I’ve already been scammed by Orexits, what can I do?
If you’ve unfortunately already lost money to this scam than you should firstly report what’s happened to the authorities in your country.
There are also 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.