Eth-liquidao999 Crypto Mining Scam: Users Tricked By USDT Node Claim

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If your losses exceed £3,000 (in the UK) or $10,000 worldwide The Crypto Adviser can offer advice on recovering your funds. 

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Eth-liquidao999 is a scam crypto mining app that claims to enable cloud mining for users who invest here.

However, no actual crypto mining service is provided as the platform is actually fake and designed purely to steal money from users.

Despite the name of the website which suggests that Eth – or Ethereum is involved – it actually claims to be “running a node which mines USDT”.

This is clearly not the case as USDT – aka Tether – cannot be mined as it’s a US Dollar pegged stablecoin.

How does the Eth-liquidao999 scam work?

The victims of the Eth-liquidao999 scam are often approached by strangers online who tell them about an ‘investment opportunity’.

Once hooked, they’re encouraged to send large deposits to be invested and will be shown their account where profits appear to be accumulating.

However, if they try to withdraw their money, investors will find their account has been blocked and they no longer have access to their funds.

The scammers will then demand large fees to release the cash, but any further money sent will be stolen as well.

What gives the Eth-liquidao999 scam away?

There are lots of red flags with this platform, including:

• A relatively new domain name.
• Poorly designed site.
• No information about the company or team behind it.
• Automatic prompt to open your Coinbase wallet when visiting.
• Offers to provide a service that doesn’t exist.
• Claimed profits are way too high to be realistic.
• No social media platforms associated with the site.
• No official apps connected with the platform.

I’ve been scammed by Eth-liquidao999 – can I get my cash back?

While you should always report scams to the relevant authorities in your country, it’s unlikely that the police will be able to retrieve your finds.

However, there are private companies that might be able to help which I’ve written about here.

If you suspect a site is fake, get in touch.

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