Bitcoin Forum

Ready for the new scam site?  I found BITCOLOAN while watching Vosk youtube videos today. 

It is clearly a scam, I'm sure they will make some money for a while then bail with the funds like Bitconnect did.

Their site has little videos, and everyone has a foreign accent, so they really expect us to trust them?

Minimum deposit is about $25, or 0.0005 BTC, I might do it just for the hell of it and see how it goes.

If it's a scam as you said (and more likely it is) then why deposit even 1 sat and help them to continue their crap? Even if you deposit as a test, this will help them and not you or anyone else. :-\

I've just checked the website.
the daily interest rate starting from 1.5%.
you could get $1360 from $1000 of "investment"
it's too good to be true, but it's not scam YET.

a scam is not a scam until it's scam.
with that big ROI, I doubt that this scam can run for longer than 6 months.

the domain was registered on 2020-07-04 (https://who.is/whois/bitcoloan.com)
and according to CrunchBase, it was founded on 2020-12-09 (https://www.crunchbase.com/organization/bitcoloan)

VoskCoin youtube video about BitcoLoan here: https://www.youtube.com/watch?v=WnmEYWrZm9Y

so this guy knows it's a scam but is promoting it?  In the description he has ref url too.

Always funny to see how similar the model is every time, and the same people fall for it over and over again. Some BS about "democratizing finance" through decentralization, promised returns that defy any logic, paid press releases to slap big media logos on their site, fake reviews and social media pages-rinse and repeat.

So youre talking about this one: https://bitcoloan.com/ ?

Im much aware with that Vosk guy posting up on altcoin boards showing off some shilling out coins or projects or anything that he do able to post for the sake of youtube views.
Is this the new bitconnect? For people who had been aware of this situation or event will eventually not tend to touch with a 10ft pole on this new shitty lending project.
People are smart and wont repeat the same mistake after that incident not only limited on Bitconnect alone but also in other projects as well.

I'm in doubt with the numbers that it shows on the landing page. I'm talking about the following;

• Borrowers worldwide
• Lenders worldwide
• Money lent daily

Source: https://bitcoloan.com/

That's not what you can earn, that's what you must pay back if you take a loan:
https://i.imgur.com/ckSctPk.png

The rates are horribles, for a 90 days load you have to pay 135%  in interest. The lender gets around half of it, 81% in 90 days.
But of course, you have to find someone to take a loan in the first place and then pray to god you will get paid back.

That being said, it has nothing in common with bitconnect.

You know it's scam so why think about trying them? Spreading word about the situation on that site is enough and risking any amount will just give them courage to do something good tactics to market theirselves so better don't put any amount and just warn people when you see them going to invest on the site you mentioned.

lol even some of the top tier exchanges got lower minimum deposit or no minimum deposit at all, that scam wont live long lmao

why are going to be excited for a new scam site lol. its the scammers are going to be excited because they can scam again but thanks for warning us here if your intention is good and not the other way around , you know promoting a scam site because many scamers already attemtped that before . can you provide more evidence aside from the videos and accent because i dont find that suspicous

no this isnt an exchange but its a loaning business ( as written on its name )

There are some red flags in my opinion : browsing the site I can't find any info about company owners and where they run their business; interest rates you can earn by lending, or I'd better say depositing, your money are too good to be true ; and above all I can't understand where they can make a sustainable profit to be able to pay out those tremendously high interest rates.

In short this is to good to be true and so shady business model so it's automatic red flag which we really needed to avoid. I don't know if there's are people will still fall from this but as we already so many like this better to really stay away and don't look for more information since I'm sure they have group of shills that will convince those people who got curious to look at this site.

Founded way back December 2020, seems like O.P. trying to help us be aware but Ironic coz seems like he is promoting it. lol, amount does not make us feel interested.. 

I Tagged Voskcoin Over this


""⚠ WARNING this video is for entertainment purposes only! If you'd like to learn more about BitcoLoan and are fine with the numerous red flags and think that BitcoLoan will not end up as a ponzi scheme like Bitconnect BCC then you can view the official BitcoLoan site here - http://voskco.in/btcl​

People forget that Bitconnect quickly found itself at the center of the previous crypto bullrun, and literally, tens of thousands of users and crypto investors were using Bitconnect and making hundreds thousands and millions of dollars with BCC crypto lending and trading bot platform. Now as we enter the next huge bitcoin crypto bullrun it seems Bitconnect's successor has arrived, BitcoLoan. BitcoLoan has a clean website, nice UI, and encourages you to lend them all of your Bitcoin in exchange for earning more Bitcoin. BitcoLoan has a lot of reviews, referencing how people learned about crypto lending and have made a lot of money with their platform. However, in our research BitcoLoan has A LOT of red flags, and is eerily similar to Bitconnect. A scam is not a scam until it scams, so to date, BitcoLoan cannot be proven to be a scam or a ponzi scheme. However, to participate in BitcoLoans crypto lending platform you have to entrust your Bitcoins and other cryptocurrencies to them. This puts the user at high risk that they could simply exit scam with all of your coins and money, just like Bitconnect did. BitcoLoan did pay us to review their platform, and that is exactly why we are bringing you an entertaining review of BitcoLoan!""


https://bitcointalk.org/index.php?action=profile;u=987465

Since tagging him he's changed a lot of his description and disclosed he's getting paid for reviewing it,  He also removed a sentence I tagged him over stating
 "I think that BitcoLoan will not end up as a ponzi scheme like Bitconnect BCC then you can view the official BitcoLoan site here - http://voskco.in/btcl​"
he removed his personal opinion and decided to make it informational due to that I wont be removing it .- something along those lines The fact he has a ref states to his viewers he believes in it.

Promoting likely Bitcoloan scam to gullible new miners that follow his youtube channel.
http://voskco.in/btcl (redirects to his reference)
Anything that offers 8% referrals and 1% daily returns isn't sustainable. A experienced community member with a serious following you have a duty to NOT recommend things like this.

@Condoras you've been lending a few years is there any way at all this could be legit?

That is the dumbest thing I have read today. You say that they are a scam but then you are interested in adding fuel to their fire? Enjoy your pump and dump. Hopefully you lose those $25.

The most hilarious part can be found in their terms and conditions:

This agreement is made entirely in accordance with the law, under the jurisdiction of whichthe BitcoLoan owners are located.

This screams "SCAM".

I agree, the loan offers are ridiculously high and seem like made up customer names and profile photos of "1000+ users" participating, lending to businesses with a "4.9 rating"... That said, I made a $200 deposit and received daily interest payouts in BTC exactly as advertised, over ten days I received nearly $20 and was able to transfer it out. Pyramid scam maybe, but it's gonna work for awhile.

Something weird is def going on with BitcoLoan. It's obvious but I did some research.

The website doesn't even list out the companies physical address, CEO or employees.

As one reviewer said “I don’t know who runs or owns the company...they only have UK Companies House registration, which is not enough since they are operating in the financial sector. They do need valid registration from financial regulators such as FCA… I can’t see where they make their income, I believe they would get a portion of the interest rate but I wasn’t able to find that out on their website. Not showing how they make their income is a bit worrying to me too. Cause if you don’t know how they make money, then how could you be sure that they are able to pay you those rates?”

What did I find?

First of all, the "Director" and sole shareholder of Bitcoloan LTD is Mark Lester (He's not the "Owner").
The registered address is:
60 Queen Victoria St London England Ec4n4tr Cordwainer
Incorporated on 09 Dec 2020   

A Mark Lester is also Director at many businesses that all have the same address, less than 2 miles from 60 Queen Victoria:
71-75 Shelton Street, Covent Garden, London, United Kingdom, WC2H 9JQ
A few of the businessed were dissolved.

I found 3 different dates of birth for Directors Mark Lester, related to these two addresses, in company directories online.
They could be related, different, or the same person, but what are the chances that two people have the same name, title and also offices 2 miles apart.

The company Yapily, a Banking API business is also at the 60 Queen Victoria address for what it's worth.

That’s not all. Also at the 71-75 Shelton Street, Covent Garden, London, United Kingdom, WC2H 9JQ address,
another business called Bitcoinpay Trade Ltd exists.

The sole Director is Mr Vadym Hubenko (Age: 31; Born: January 1990) Appointed: 25 Feb 2021, Company Incorporated: 25 Feb 2021, About only a month ago and 2 weeks after the domain name bitcoloan.co.uk was transferred from the server in Denver, to the UK.
Mr Vadym Hubenko  is also a member of the company Money Group International LLP https://moneygroupinternational.co.uk/ They have an "online wallet" and bitcoin exchange. Is this the dev team behind Bitcoloan?
Located at 776-778 Barking Road, London, E13 9PJ,
only 9 miles from
71-75 Shelton Street, Covent Garden, London, United Kingdom, WC2H 9JQ



Here are the websites that have the information I found above:

///

https://www.datocapital.uk/companies/Bitcoloan-Ltd.html
Company type: Private Limited Company, Active
Official address: 60 Queen Victoria St London England Ec4n4tr Cordwainer
Last updated: Thursday, December 10, 2020 10:00:59 AM UTC
Sector: Activities of investment trusts
Filings: Registry: Dec 9, 2020
Company Number: 13072741
Directors: Mark Lester (born on Oct 24, 1949), 37 companies
Friday, March 19, 2021: Appointment as Director
Wednesday, December 9, 2020: Appointment as Individual or entity with significant influence or control   City Of London

///

https://find-and-update.company-information.service.gov.uk/officers/J3bQ6DxqHEQ-EkxbThl6lG8U03o/appointments
Mark Lester
Total number of appointments 17
Date of birth September 1975
Most of which the address is 71-75 Shelton Street, Covent Garden, London, United Kingdom, WC2H 9JQ


https[Suspicious link removed]cutives/Mark-Lester.html
Mark Lester: Appointee List


////
https://www.companysearchesmadesimple.com/company/uk/13072741/bitcoloan-ltd/
BITCOLOAN LTD

Director: Mark Lester (1)
Shareholders: Mark Lester 100.00 % Owned
09/12/2020 - Present (3 months)
Born in Dec 1977 (age: 43)

General Information
NAME- BITCOLOAN LTD
COMPANY NUMBER- 13072741
COMPANY TYPE- Private limited with Share Capital
BUSINESS ACTIVITY (SIC)- 64301 - Activities of investment trusts
INCORPORATION DATE- 09/12/2020 (3 months old)
REGISTERED ADDRESS
60 QUEEN VICTORIA ST
LONDON
EC4N 4TR
///

Companies House
https://find-and-update.company-information.service.gov.uk/company/13072741/filing-history
09 Dec 2020   Incorporation
Statement of capital on 2020-12-09
GBP 1
https://s3.eu-west-2.amazonaws.com/document-api-images-live.ch.gov.uk/docs/0amH93PWMswngc6WAje3qOT_cBPn7Ktk4HpMELfCcWg/application-pdf

///
https://opengovuk.com/company/11991796
See: “Companies with the same officer” at the link.
There is a Mark Lester who is a Director at at least 9 businesses at the address 71-75 Shelton Street, London, Greater London, WC2H 9JQ
///

https://velocity.business/uk/13072741-bitcoloan-ltd/
Bitcoloan Ltd
Company Number 13072741
EC4N 4TR, 60 Queen Victoria St, London, England (1.8 miles from 71-75 Shelton Street)
Bitcoloan Ltd was created on 2020-12-09 ~0.3 years ago

////

https://suite.endole.co.uk/insight/company/13224632-bitcoinpay-trade-ltd
At 71-75 Shelton Street, London, Greater London WC2H 9JQ
Bitcoinpay Trade Ltd
Mr Vadym Hubenko Appointed: 1 Month25 Feb 2021
Company Incorporated: 1 Month25 Feb 2021

https://www.secret-bases.co.uk/company/OC415887
https://find-and-update.company-information.service.gov.uk/company/OC415887
MONEY GROUP INTERNATIONAL LLP (9miles from 71-75 Shelton Street)
Company number: OC415887
Registered office: INTERNATIONAL HOUSE, 776-778 BARKING ROAD, LONDON, E13 9PJ
Company type: Limited Liability Partnership
Company status: ACTIVE
Incorporated on: 13 February 2017
Company number OC415887

Vadym HUBENKO (llp designated member)
Age: 31; Born: January 1990


///
https://suite.endole.co.uk/insight/company/09274045-eigen-technologies-ltd
2 companies at 60 queen vic
Yapily Banking API
T Rowe Price International Ltd
https://www.bloomberg.com/profile/company/2575666Z:LN

///
https://www.nominet.uk/whois/?query=bitcoloan.co.uk&cc-num=#whois-results
URL privately registered on July 2020, updated on October 2020.
Domain/server seems to be in Denver, Colorado USA.
Registrar:
Internet Domain Services BS Corp t/a Internet.bs [Tag = IDS-BS]
URL: http://internetbs.net

Relevant dates:
Registered on: 08-Feb-2021
Expiry date: 08-Feb-2023
Last updated: 02-Mar-2021

Registration status:
Registered until expiry date.

Name servers:
bill.ns.cloudflare.com
Paislee.ns.cloudflare.com

///
https://www.scamadviser.com/check-website/bitcoloan.com
Positive highlights
The owner of the site has claimed the domain name for a long time
According to Xolphin SSL Check the SSL certificate is valid.
We found several positive reviews for this site
An external review system has been detected

Negative highlights
The website's owner is hiding his identity on WHOIS using a paid service
This website has only been registered recently.
The Alexa rank is high, but the site young
We determined this very young site has a very high number of reviews
We found many low rated websites on the same server
Characteristics of a HYIP site detected
Alexa rank
31249
Owner
Name
Whois Agent
Organisation
Domain Protection Services, Inc.
Street
PO Box 1769 80201 Denver CO
Country
US
Telephone
+1.7208009072
E-mail
https://www.name.com/contact-domain-whois/bitcoloan.
///
https://www.emporis.com/buildings/226966/60-queen-victoria-street-london-united-kingdom
60 Queen Victoria Street London
///

Don't know how obvious a scam can be.

1.4% daily => 160x yearly compounded. Compare that to Buffet's 20-30% p.a. returns which are considered to be incredibly in investment circles. The admin of the site must be the real sage of Omaha ::)

Seriously, if you still believe in HYIPs (i.e., ponzis) in 2021, you need to grow up. I remember their popularity back earlier last decade when BTC and internet investing were still new concepts, but with the robustness of internet investing now and the wealth of public knowledge, there is really no excuse not to exercise your due diligence.

I cant even believe that they do still exist even up to this year where these things had already been busted up when we do talk about HYIP's and for those projects
which does have similar concept with Bitconnect then it is just clear as day on how these projects do end up which is becoming a scam in the end which i dont see for
it to be worth for someone to put up some attention.

If you dont like to lose money then better avoid yourself to believe into those easy money or returns in a short span of time because those things doesnt really exist
and if theres one then its 101% sure scam.So dont let yourself get fooled.

OP might have thought that if he or she can get in this scam since it is still on its early years where there isn't a lot of people who are at the top yet and that OP might be able to get some profit as an early bird participant. I agree that what OP does is bad because OP is enabling the scam by contributing to it which is bad because it will help the scam live longer not mentioning that you also have to be such a devil to get profit out of the misery of those that are going to join this scam in the future.

My only guideline when I am checking whether something is a scam is when I think that it is too good to be true. In this case, I think that greed is going to be the reason that someone isn't going to exercise their due diligence, @magneto was right, if you still think that there is an HYIP like the ones a long time ago then you should get your head out of your ass.

People will hate but for anyone whos going to give it a shot, at least get a little head start.  

They gave this out on the coinnappy podcast where listeners joining through this link get $5 without even making a deposit, and when they do make a deposit they'll add 10% to it

its http://podcastpromo.bitco.loans

Even if its as people say, bitconnect lasted nearly a year so this should have MONTHS left.  I'm cashing out after 3 months.

Reminds me of the "good ol' days" with all these Bitcoin-doublers: The early users got their investment doubled, the late comers had to watch how their coins disappeared.

@OP, you literally FOMO'd yourself LOL. The irony of stating and accusing a project a scam then making a huge turn in the end saying "i'll try atleast the minimum JUST IN CASE" is just hilarious. Investment projects are already dead years ago. The new investment that you should make is either on IDOs or on Pre-sale/d Tokens. You can double or triple your money simply by looking on some shitcoins then fast buy and sell it. Enough of the "Atleast I'll try", you just lowkey provoked others to do it as well.

Is this man try to shill out?

If you do know that it is something too good to be true or most likely a scam then why would proceed on making deposits if you do know the risk that can possible happen?

Its just really showing off that this man is just trying to hook up somebody to do the same and with those rates alone then you can already conclude that
this project is shit and scam and there no doubt to that.

People wont learn if they wont experienced on being wrecked.

I hope you did not proceed to buy this shit token it's obviously a scam project you posted that it's obviously a scam and yet you are supporting them by buying their token, it's very much similar to BiConnect coin with their interest and plan, this project should be reported in the scam section to warn people of the dangers of investing in this project, the token sale is ongoing and they are offering 44 days token sales

seriously? Seems like despite of being very obvious for you that it was a scam site ^{(like what you said)} , Still you want to risk some cash in it.. Lol. A big contribution probably?
 
Actually even you didn't try it mate, because there's no way it will be not known as a scam site in the future such what happened to the site you have mentioned above as well.. Stop wasting your time.. Let them reveal their true color..

is this actually promoting or what? they are plenty of scams similiar like this no need to discuss this actually