Fraudulent hype project Vixes: risks of cooperation

Review of the Vixes.biz Platform

The investment online platform Vixes offers users the opportunity to participate in cryptocurrency mining. It positions itself as a cloud mining service that allows clients to mine various digital assets and earn profits. However, there is a risk of investment loss when cooperating with this company. Let’s analyze the main aspects of vixes.biz.

Platform Characteristics and Functionality

The official website of the investment platform is presented in an inconvenient and insufficiently informative format. The main page of the service showcases the types of cryptocurrencies that can be mined:

• Dogecoin,
• Syscoin,
• Verge,
• Litecoin,
• Bitcoin,
• Bitcoin SV,
• Bitcoin Cash,
• Digibyte,
• Ethereum,
• Ethereum Classic.

Vixes provides access to 15 versions of its website, including a Russian version. The webpage includes links to the company’s official social networks: Instagram, Youtube, Telegram, as well as the contact email address. In the top menu, you can find 12 sections:

• “Home”,
• “Marketing”,
• “Calculator”,
• “Partners”,
• “Statistics”,
• “Registration”,
• “About Company”,
• “For Beginners”,
• FAQ,
• “News”,
• Support,
• Live.

Vixes Statistics Analysis

On vixes.biz, there is a section “Statistics”, displaying the number of investors and total payouts. According to the company’s information, the platform has 26,359 registered users who have invested a total amount of 99,425 USD. Vixes also claims to have already paid out 15,603 USD to users. The website provides an overview of rented capacities.

In the “Statistics” section, current cryptocurrency rates that can be used for mining on Vixes are presented.

Project Existence Duration

The period of operation of the Vixes investment platform raises questions. According to the company’s statement, the project has only been in existence for 19 days, meaning it was launched on February 15, 2020. However, WHOIS data shows that the domain was registered earlier: on August 8 and updated on August 31, 2019. Possibly, Vixes is a reincarnation of a previous investment project that was terminated due to negative reviews and operational issues.

Calculator Options and Available Currencies on the Vixes Platform

To learn about the available cryptocurrencies on the Vixes investment platform, one must navigate to the “Calculator” section. Here, it is possible to determine the profitability of investments and the cost of renting capacities for mining. The platform sets the rental cost at 0.025 USD per gigahash, also providing information on incomes and hash rates for various investments.

Users can choose among different cryptocurrencies for investment, such as BTC, ETH, ETC, DOGE, BSV, XVG, LTC, with the option to use USD and EUR. The minimum deposit amount is 5 USD/EUR, while the withdrawal amount is 2.5 USD/EUR. Additionally, minimum amounts are set for each cryptocurrency. For example, for Bitcoin – 0.0001 USD. Detailed tariff information can be found in the FAQ section.

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• Review of the WBank Wallet HYIP Project: Exposing the Fraudulent Scheme,
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Partner Program Structure on vixes.biz

The Vixes partner program provides compensation to users and operates on three levels. One of the main criteria for receiving rewards is user registration and fund deposit. The bonus is calculated based on the deposited amount.

First level of the partnership program comprises direct referrals registered through your link. You receive 7% of their deposit.

Second level includes partners of your direct referrals. You earn 2% of their deposit.

Third level of partnership grants you 1% reward.

Lack of Reviews about Vixes

Currently, there are no reviews of the Vixes investment platform online. Considering its short existence period, this is quite natural.

Potential Risks of Cooperation

Vixes advertises itself as an investment platform, although, in essence, it is a typical HYIP project. Several factors support this: discrepancies in data regarding the site creation date and company’s operational time. Presumably, vixes.biz was used as a backup domain for a scam project. Also, there is no information available about licenses or other necessary documents for such projects.

It is important to remember that the platform has only been in existence for 19 days, and there is virtually no feedback about its activities online. Therefore, investing in Vixes requires special caution, as such HYIPs continue to operate only as long as funds are flowing into them. Once the investment inflow ceases, retrieving the invested funds becomes problematic.

Author: Ivan Andrienko