The dangers of cryptocurrency mining online: a fraud overview
Blockchain, mining, and related topics have been discussed for a long time, always attracting attention. Financial scammers could not ignore such a perspective, which is why they set up traps promising unique ways to earn on cryptocurrency. Today, we will look at the case of LLC Vostok-3. According to statements, this project offers a special mining system using binary options. However, user reviews indicate that this project is a complete scam.
Detailed review of LLC Vostok-3
When visiting the Vostok-3 website, you are greeted with an advertisement offering $1500 and access to an amazing digital currency mining system. The site displays a certificate that is supposed to ensure reliability. According to the creators, in case of losses, the customer will be refunded the full amount. User reviews, however, point out the falsity of the information provided.
To verify the facts, we turned to documents. The company’s leader, who introduced himself as Kirill Ivanovskiy, turned out to be a regular actor, Alexey Vladislavov. This actor is known only for his insignificant roles, one of which was filming a video for Vostok-3.
In terms of LLC Vostok-3’s legal activities, the actual company does not exist. A check in the Unified State Register of Legal Entities (EGRUL) showed that all provided data is deceptive!
Fake technologies offered by Vostok-3 and their deception
The cryptocurrency mining system through binary options developed by the creators of Vostok-3 requires quick registration. The site even has a counter showing the remaining number of spots (although it updates arbitrarily). After registering on the site, you will be prompted to open an account with one of the binary brokers and make a minimum deposit of $250. Later on, according to claims, you will be able to test the unique mining system.
Forget about the promised $1500. Moreover, the scammers do not guarantee the safety of the initial deposit, preferring to work with shadow brokers and, for a small reward, help them deceive people.
Within the organization Vostok-3, there are numerous cloned landing pages:
- https://biz-eu.live/
- http://vostok3.org
- https://vostok3.biz
- https://vostok3.com
- https://vt3.biz, and others.
Client stories
The network is full of negative reviews about Vostok-3:
Summary and conclusion
Vostok-3 is another fraudulent project aimed at the most gullible investors. Fraudsters spread absurdities and rely on someone to believe them. This is exactly why numerous fraudulent pages were created. According to reviews, scammers continue to successfully deceive people for years.
I had a very unpleasant experience using East-3 broker. From the beginning, the transparency was questionable. Their customer service, for example, was not helpful at all. It felt like they were specialized in disseminating confusing and contradictory information. Not to mention, the transaction fees were far higher than what is typically charged by other reputable firms. Honesty and integrity are under question given the hidden charges that were not discussed upfront. There were also issues with withdrawing funds – it took longer than stated. I question their reliability and therefore, I strongly discourage anyone from investing their money with East-3. To me, it feels more like a scam rather than a brilliant project.