ETH LimiteD, Ponzi scheme project from Vietnam - page 3.

palle11

sr. member

Activity: 2366

Merit: 332

Quote from: IvugeoEvolutionCoin on July 28, 2020, 05:53:43 AM

When will crypto investors ever learn to spot obvious scams?

What we need to understand is that scam project builders know that people would be gullible as far the crypto market is on and floating. I guess the victim could be a set of new investors who don't understand happenings in the market so far. So our duty is to keep educating more people who care to read and learn so that victim can be reduced. And to also create accusation thread when we see scam projects.

Finestream

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Quote from: tvplus006 on July 28, 2020, 05:12:41 AM

Quote from: Finestream on July 28, 2020, 05:04:18 AM

...Anything but MLM, ponzi, and HYIP, for me, I don't trust them, but using the names of a legit business to scam, well, that is bad, we should look into details which is real and which is fake.

If someone is illegally using the project's trademark, then this is enough to call this project a scam. Using the name of another project is done intentionally to mislead the user. Thus, the participant has confidence in such a project and may lose their money.

Agree with that and they can make it look similar so it's really necessary for the potential investors to make further research.
Some scams which is not related to the topic are those scammers imitating the site, one example I saw was a mixer site, the chipmixer for instance, there are some fake sites where if you send money, your money will be gone forever as there's no way you can go after a fake site.

Quote from: tvplus006 on July 28, 2020, 05:12:41 AM

I think this thread should be moved to " Scam Accusations": https://bitcointalk.org/index.php?board=83.0

I guess OP was just sharing, he wasn't scam yet so there's no scam accusation, maybe the right board would be reputation (https://bitcointalk.org/index.php?board=129.0).

IvugeoEvolutionCoin

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Activity: 952

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When will crypto investors ever learn to spot obvious scams? Many who did millionmoney with big amount of ETH should be lamenting by now. Then this ETH limited, similar scam program. Some go under the umbrella of smart contract scheme or MLM to deceive gullible investors. Let's always try to differentiate between ponzi schemes and real investments, thanks OP for this.

omnik

sr. member

Activity: 569

Merit: 250

Quote from: killerfrost on July 28, 2020, 04:21:24 AM

Quote from: mlmbox on July 27, 2020, 10:58:32 PM

Hi,

I found MLM scam project named "ETH LIMITED", based on Vietnam. Operating model based on Ponzi mechanism. The multi-level system is paid a lot of commissions for market development.

Be careful!

There are many Ponzi projects in this market, and they appear every day and try to deceive new investors. Be careful with Ponzi projects because if you stay in it for too long you will lose money and sometimes you will lose all your money. Btw do you have link to that site?

There are some similar Ponzi or MLM scheme like eth limited and as far as I know there were so many newbies were getting trapped by these scammers too and they have been losing their ethereum.
It can be searched on google easily.

sangjoewara

full member

Activity: 1050

Merit: 100

If the ETH LimiteD project has proven to be a Ponzi scheme project, then it would be better if you make the topic in this sub forum: https://bitcointalk.org/index.php?board=83.0 , because there are many discussed ponzi scheme project issues and projects other scam.

tvplus006

legendary

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Quote from: Finestream on July 28, 2020, 05:04:18 AM

...Anything but MLM, ponzi, and HYIP, for me, I don't trust them, but using the names of a legit business to scam, well, that is bad, we should look into details which is real and which is fake.

If someone is illegally using the project's trademark, then this is enough to call this project a scam. Using the name of another project is done intentionally to mislead the user. Thus, the participant has confidence in such a project and may lose their money. I think this thread should be moved to " Scam Accusations": https://bitcointalk.org/index.php?board=83.0

ElmedoRator

full member

Activity: 826

Merit: 104

Quote from: maxreish on July 28, 2020, 04:38:31 AM

SEC already warned Vietnamese that MLM investment is a scam. Im pretty sure that they are aware of the fraud because it is all over the news in their country.
Here's a useful link you can read about that big pyramid scam took place in Vietnam. And SEC also confirmed that they are 23 MLM companies that are still operating.

Sad that they collected huge amount of money and the affected victim numbers is not a joke.

I see many scam projects coming from Vietnam, but there are still a lot of people investing in it. It seems that they still cannot distinguish good and scam projects in this market, and they want to get rich quickly.

Finestream

hero member

Activity: 3052

Merit: 606

Quote from: joshua123 on July 27, 2020, 11:19:41 PM

Quote from: mlmbox on July 27, 2020, 10:58:32 PM

Hi,

I found MLM scam project named "ETH LIMITED", based on Vietnam. Operating model based on Ponzi mechanism. The multi-level system is paid a lot of commissions for market development.

Be careful!

Can you share much details about it?

Not sure if this is the site https://eth.limited/....maybe this site is legit but you know scammers are using similar now to run their scam business.

probably this is the facebook account too. https://web.facebook.com/eth.limited.review/?_rdc=1&_rdr

Hopefully OP can give more information as we don't want to judge the project with the same name when we don't know them yet.

Quote from: joshua123 on July 27, 2020, 11:19:41 PM

There are so many mlm in crypto space like forsage and some unknown platform. If you compile the details you can report it on the scam thread board.

Dont ever joined ponzi scheme related to crypto it only lead to possible scam.

Anything but MLM, ponzi, and HYIP, for me, I don't trust them, but using the names of a legit business to scam, well, that is bad, we should look into details which is real and which is fake.

edit : great OP added more information

mlmbox

newbie

Activity: 9

Merit: 0

Quote from: Itsmylife on July 28, 2020, 02:58:20 AM

Their website is Eth.limited, isn't it?
They have developed their project from 2019 but their website was registered on 2020-01-12 and could not found the owner contact information.
But why did you call their project is a ponzi scheme project?

Right. https://eth.limited. About the ponzi scheme, navigate to https://bitcointalksearch.org/topic/m.54886545

mlmbox

newbie

Activity: 9

Merit: 0

Hello all,

Site: https://eth.limited/. It is developed and operated in Vietnam.
I have been following it for 2 months now. And the details as below:

Company
Initially, it took the name of a company in India with the name ETH LIMITED to operate. Phone number +91 20 4016 2323.
Recently, it took the name of a company in the United Kingdom with the name ETHEREUM TECHNOLOGY GROUP LIMITED. https://beta.companieshouse.gov.uk/company/12661463.
The company is anonymous, so is the owner.

Partnership
Fake cooperation programs with TrustWallet, Huobi, Coinbase, imToken. I did not find any cooperation information from these partners.

Too Good To Be True
Staking up to 15% per month. And there is no information about ELD tokens.

MLM Commision
There are many commissions paid in the project.
Binary Income: 10%.
MULTI-TIER SYSTEM COMMISSIONS: F1: 10%, F2: 5%, F3: 3%, F4~F11: 1%.
DIRECT BONUS: F1: 5%, F1: 8% (Have 3 F1 & Minimum total investment of 3F1 is equal to your investment package), F1: 10% (Have 6 F1 & Minimum total investment of 6F1 is equal to your investment package)
LEVELS: E0 ~ E4, bonus up to 5%.

Refer: https://eth.limited/static/Eth.Limited.pdf

maxreish

sr. member

Activity: 1330

Merit: 326

SEC already warned Vietnamese that MLM investment is a scam. Im pretty sure that they are aware of the fraud because it is all over the news in their country.
Here's a useful link you can read about that big pyramid scam took place in Vietnam. And SEC also confirmed that they are 23 MLM companies that are still operating.

Sad that they collected huge amount of money and the affected victim numbers is not a joke.

killerfrost

sr. member

Activity: 1988

Merit: 254

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Quote from: mlmbox on July 27, 2020, 10:58:32 PM

Hi,

I found MLM scam project named "ETH LIMITED", based on Vietnam. Operating model based on Ponzi mechanism. The multi-level system is paid a lot of commissions for market development.

Be careful!

There are many Ponzi projects in this market, and they appear every day and try to deceive new investors. Be careful with Ponzi projects because if you stay in it for too long you will lose money and sometimes you will lose all your money. Btw do you have link to that site?

Itsmylife

sr. member

Activity: 1002

Merit: 250

Their website is Eth.limited, isn't it?
They have developed their project from 2019 but their website was registered on 2020-01-12 and could not found the owner contact information.
But why did you call their project is a ponzi scheme project?

RabbiTANK

member

Activity: 224

Merit: 18

Sovryn - Brings DeFi to Bitcoin

We can't do anything to this Ponzi scheme since we have no information about its name, I would like to create a scam accusation post about such project, the earlier the better before some newbies start falling for such project

nomenclatur

sr. member

Activity: 1344

Merit: 250

Quote from: mlmbox on July 27, 2020, 10:58:32 PM

Hi,

I found MLM scam project named "ETH LIMITED", based on Vietnam. Operating model based on Ponzi mechanism. The multi-level system is paid a lot of commissions for market development.

Be careful!

the better you write in post website that made a Ponzi scheme so that beginners can always be vigilant Ponzi scheme always find victims in a telegram, LinkedIn and Facebook, of course, they do promotions and pay people if there are people who want to make an investment with huge funds at the beginning they would pay twice fold to make investors to deposit in large numbers and the actors make false transactions to make the victim wants to invest always remember Ponzi scheme always detrimental.

Gunday_07

member

Activity: 280

Merit: 11

Quote from: mlmbox on July 27, 2020, 10:58:32 PM

Hi,

I found MLM scam project named "ETH LIMITED", based on Vietnam. Operating model based on Ponzi mechanism. The multi-level system is paid a lot of commissions for market development.

Be careful!

All we got is just a name, come on you can do better than that, kindly share the link of the website so we can warn newbies most especially about the scam project and even spread on social media too

joshua123

full member

Activity: 527

Merit: 113

Quote from: mlmbox on July 27, 2020, 10:58:32 PM

Hi,

I found MLM scam project named "ETH LIMITED", based on Vietnam. Operating model based on Ponzi mechanism. The multi-level system is paid a lot of commissions for market development.

Be careful!

Can you share much details about it? There are so many mlm in crypto space like forsage and some unknown platform. If you compile the details you can report it on the scam thread board.

Dont ever joined ponzi scheme related to crypto it only lead to possible scam.

mlmbox

newbie

Activity: 9

Merit: 0

Hi,

I found MLM scam project named "ETH LIMITED", based on Vietnam. Operating model based on Ponzi mechanism. The multi-level system is paid a lot of commissions for market development.

Be careful!

Updated:

Site: https://eth.limited/. It is developed and operated in Vietnam.
I have been following it for 2 months now. And the details as below:

Company
Initially, it took the name of a company in India with the name ETH LIMITED to operate. Phone number +91 20 4016 2323.
Recently, it took the name of a company in the United Kingdom with the name ETHEREUM TECHNOLOGY GROUP LIMITED. https://beta.companieshouse.gov.uk/company/12661463.
The company is anonymous, so is the owner.

Partnership
Fake cooperation programs with TrustWallet, Huobi, Coinbase, imToken. I did not find any cooperation information from these partners.

Too Good To Be True
Staking up to 15% per month. And there is no information about ELD tokens.

MLM Commision
There are many commissions paid in the project.
Binary Income: 10%.
MULTI-TIER SYSTEM COMMISSIONS: F1: 10%, F2: 5%, F3: 3%, F4~F11: 1%.
DIRECT BONUS: F1: 5%, F1: 8% (Have 3 F1 & Minimum total investment of 3F1 is equal to your investment package), F1: 10% (Have 6 F1 & Minimum total investment of 6F1 is equal to your investment package)
LEVELS: E0 ~ E4, bonus up to 5%.

Refer: https://eth.limited/static/Eth.Limited.pdf

Topic: ETH LimiteD, Ponzi scheme project from Vietnam - page 3. (Read 501 times)