Cyber-Forensics.net
Cyber Forensic Specialist
GainBitcoin Scheme lured the investors by promising them handsome returns in a short period; they gained the investors’ trust and got what they wanted.
— Timothy Benson
SOFIA, BULGARIA, June 7, 2022 /EINPresswire.com/ — The world of cryptocurrency and bitcoin has achieved a great height over the years, and they have also seen classic Ponzi schemes built on betrayal and lies. One of such notorious cloud mining scams was called GainBitcoin.
The Scheme was simple; it offered 10 percent per month for 18 months if an investor invested in GainBitcoin. The whole mechanism was based on investors bringing referrals into the system and forming a pyramid of investors who provided funds for paying to early-round investors.
What Was An Infamous GainBitcoin Scheme?
GainBitcoin scheme began as a Multi-Level-Marketing (MLM) scheme in 2015, and the scammer ran a GainBitcoin fraud scheme promising monthly 10 percent returns on their investments.
Then scammers often presented a marketing scam and lured investors into sending bitcoins in exchange for higher returns. But once the scammer received the cryptocurrency, they were nowhere to be found.
How To Spot A Scheme Similar To GainBitcoin?
Timothy Benson, a fraud recovery specialist at Cyber-Forensics.Net,…
