Scrypt.CC | Scrypt Cloud Mining

[mexxer-2]

PSA: Scrypt.cc is guilty of Fraudulent Misrepresentation, a crime in every financial jurisdiction in the world. Anyone who has lost money buying or selling their fictitious 'KHS'/'MHS' token is legally entitled to recover their funds back in full.

https://www.law.cornell.edu/wex/fraudulent_misrepresentation

Fraudulent Misreprentation
Under contract law, a plaintiff can recover against a defendant on the grounds of fraudulent misrepresentation if (1) a representation was made; (2) that was false; (3) that when made, the representation was known to be false or made recklessly without knowledge of its truth; (4) that it was made with the intention that the plaintiff rely on it; (5) that the plaintiff did rely on it; and (6) that the plaintiff suffered damages as a result.

PSA: scrypt.cc is a scam, most likely of the "ponzi" variety. You will lose your money if you try to "invest" or "play" or whatever you want to call your participation in this shitshow. You've been warned.

More info here: https://bitcointalk.org/index.php?topic=1102560.0

[ThePhwner]

CEO of "cloud mining operation" charged with running a ponzi.

Not scrypt.cc (yet), but it highlights the risks with cloud mining - both for potential investors, and (fortunately) for scammy CEOs etc.

Garza claimed that GAW Miners and Zen Miners mined Bitcoin... In reality, Garza devoted “little or no computing power toward any mining activity,” according to an SEC statement.

Anyone who was at Las Vegas Hashers' United last year and remembers Mr-Pink-Shirt-and-Bowtie with his entourage of schills and rented Diablo is probably laughing their asses off right now. Go SEC.

[ThePhwner]

Sorry but the last thing this community needs is more people making shit up. Do the right thing and delete this post before people start thinking it's real...

Brasília, Dec. 2, 2015 — The Securities and Exchange Comission today
charged the Bitcoin mining company Scrypt.CC and its founder MARCELO SANTOS
with conducting a Ponzi scheme that used the lure of quick riches from virtual currency
to defraud investors.

According to the SEC’s complaint filed in federal court in Connectcut, “mining” for Bitcoin or other virtual currencies means applying computer power to try to solve complex equations that verify a group of transactions in that virtual currency.  The first computer or collection of computers to solve an equation is awarded new units of that virtual currency.

The SEC alleges that MARCELO SANTOS perpetrated the fraud through his brazilian company Scrypt.CC by purporting to offer shares of a digital Bitcoin mining operation.  In reality, Scrypt.CC did not own enough computing power for the mining it promised to conduct, so most investors paid for a share of computing power that never existed.  Returns paid to some investors came from proceeds generated from sales to other investors.

As alleged in our complaint, MARCELO SANTOS and his company cloaked their scheme in technological sophistication and jargon, but the fraud was simple at its core: they sold what they did not own, misrepresented what they were selling, and robbed one investor to pay another.

According to the SEC’s complaint:

From January 2014 to December 2015, MARCELO SANTOS and his company sold $20 million worth of purported shares in a digital mining contract they called a KHS.
More than 10,000 investors purchased KHS, which were touted as always profitable and never obsolete.
Although KHS were depicted in Scrypt.CC marketing materials as a physical product or piece of mining hardware, the promised contract purportedly entitled the investor to control a share of computing power that Scrypt.CC claimed to own and operate.
Investors were misled to believe they would share in returns earned by the Bitcoin mining activities when in reality Scrypt.CC directed little or no computing power toward any mining activity.
Because MARCELO SANTOS and his company sold far more computing power than they owned, they owed investors a daily return that was larger than any actual return they were making on their limited mining operations.
Therefore, investors were simply paid back gradually over time under the mantra of “returns” out of funds that MARCELO SANTOS and his company collected from other investors.
Most KHS investors never recovered the full amount of their investments, and few made a profit.
The SEC’s complaint seeks permanent injunctive relief as well as the disgorgement of ill-gotten gains plus prejudgment interest and penalties.

[Opnsrc]

Holly hell, this site is still live and trading!?!?

Has anyone had a successful withdraw in the past 3 months?

[Maicol792]

2.08 BTC from 6 october 2015 not received   

[galdur]

CEO of "cloud mining operation" charged with running a ponzi.

Not scrypt.cc (yet), but it highlights the risks with cloud mining - both for potential investors, and (fortunately) for scammy CEOs etc.

Garza claimed that GAW Miners and Zen Miners mined Bitcoin... In reality, Garza devoted “little or no computing power toward any mining activity,” according to an SEC statement.

Anyone who was at Las Vegas Hashers' United last year and remembers Mr-Pink-Shirt-and-Bowtie with his entourage of schills and rented Diablo is probably laughing their asses off right now. Go SEC.

[BlackBaron]

PSA: SCRYPT.CC IS A SCAM DO NOT INVEST. THIS METHOD IS POSTED ONLY FOR THOSE TRYING TO GET THEIR FUNDS OUT.

The schedule is not regular but every 2 weeks or so the hot wallet is cleared and payouts of small amounts are made. For those with money still trapped there is still hope to recover some.

DO NOT MAKE ANY NEW DEPOSITS.
-If you are Willing to take the loss you can sell your MHS
-Otherwise set autobuy to a very low value of 100 sats
-Set withdraws for 0.01 Btc or less and keep queueing them up.

This technique is slowly helping some pull funds out,  avoid large withdrawals and eat the fees for multiple small.  Chances are the next time they clear the hot wallet you will at least get your queued withdrawals. I WOULD NOT EXPECT TO RECOVER ALL DEPOSITED FUNDS US ING THIS METHOD.

Why is this on every page?

[Soylent_Green]

Why is this on every page?

So that idiots can ask silly questions.

[inyereye]

Why is this on every page?

The same reason the other PSA is on every page and someone is asking whether withdrawals work on every page. Should have been blatantly obvious to most.

Ultimately though to help people with BTC  stuck in the site get some out and out of the hands of the scam.

[inyereye]

PSA: SCRYPT.CC IS A SCAM DO NOT INVEST. THIS METHOD IS POSTED ONLY FOR THOSE TRYING TO GET THEIR FUNDS OUT.

The schedule is not regular but every 2 weeks or so the hot wallet is cleared and payouts of small amounts are made. For those with money still trapped there is still hope to recover some.

DO NOT MAKE ANY NEW DEPOSITS.
-If you are Willing to take the loss you can sell your MHS
-Otherwise set autobuy to a very low value of 100 sats
-Set withdraws for 0.01 Btc or less and keep queueing them up.

This technique is slowly helping some pull funds out,  avoid large withdrawals and eat the fees for multiple small.  Chances are the next time they clear the hot wallet you will at least get your queued withdrawals. I WOULD NOT EXPECT TO RECOVER ALL DEPOSITED FUNDS US ING THIS METHOD.
[/quote]

[Dumbasef]

I hope to get my yuletide withdraws soon. Now that the BTC price is good. 

[owlcatz]

I hope to get my yuletide withdraws soon. Now that the BTC price is good. 

"Dumb As F".... Did you make that name up on purpose? I can't believe it took me so long to notice.

Good luck on your yuletied-up withdraws.

[lama-hunter]

PSA: Scrypt.cc is guilty of Fraudulent Misrepresentation, a crime in every financial jurisdiction in the world. Anyone who has lost money buying or selling their fictitious 'KHS'/'MHS' token is legally entitled to recover their funds back in full.

https://www.law.cornell.edu/wex/fraudulent_misrepresentation
Quote
Fraudulent Misreprentation
Under contract law, a plaintiff can recover against a defendant on the grounds of fraudulent misrepresentation if (1) a representation was made; (2) that was false; (3) that when made, the representation was known to be false or made recklessly without knowledge of its truth; (4) that it was made with the intention that the plaintiff rely on it; (5) that the plaintiff did rely on it; and (6) that the plaintiff suffered damages as a result.

PSA: scrypt.cc is a scam, most likely of the "ponzi" variety. You will lose your money if you try to "invest" or "play" or whatever you want to call your participation in this shitshow. You've been warned.

More info here: https://bitcointalk.org/index.php?topic=1102560.0

[Nextgen]

I hope to get my yuletide withdraws soon. Now that the BTC price is good. 

"Dumb As F".... Did you make that name up on purpose? I can't believe it took me so long to notice.

Good luck on your yuletied-up withdraws.

It seems some people are getting paid ,i was in chat with a few guys on slack' but don't know if they were lying or not .
sCC of course a scam but can't say who would and who wouldn't.

[nydiacaskey01]

I almost forgot about my account with this site and I remember I still have funds remaining that I was not able to withdraw due to the re-invest issue that this site have before, but now upon checking my my account, 0.00BTC

[Dumbasef]

"Dumb As F".... Did you make that name up on purpose? I can't believe it took me so long to notice.

Good luck on your yuletied-up withdraws.

Yah I really thought about it for a while before I made the name.  

It seems some people are getting paid ,i was in chat with a few guys on slack' but don't know if they were lying or not .
sCC of course a scam but can't say who would and who wouldn't.

To tell you the truth, I never missed a single payment, all paid. Just with a long delay only.

You just have to take that "halving" blow plus that "can't withdraw big" issues.

[nydiacaskey01]

To tell you the truth, I never missed a single payment, all paid. Just with a long delay only.

You just have to take that "halving" blow plus that "can't withdraw big" issues.

You must be close to the site owner or someone special to be able to withdraw without any problem. Lat time I submitted a withdraw request, it's stuck and went back to account, then turned to MHS.

[Dumbasef]

To tell you the truth, I never missed a single payment, all paid. Just with a long delay only.

You just have to take that "halving" blow plus that "can't withdraw big" issues.

You must be close to the site owner or someone special to be able to withdraw without any problem. Lat time I submitted a withdraw request, it's stuck and went back to account, then turned to MHS.

Maybe you had withdrawn a relatively big amount, you must withdraw smaller ones so that it will get processed somewhat, if you read some of the earlier posts about withdrawing in small increments like the second one above because it is true.

[Dockar]

apparently all deposits are moved to this address

https://blockchain.info/es/address/19mcjofGwKxGwhaZwDwPjdWd1KrFCZgoJJ

[crazyivan]

To tell you the truth, I never missed a single payment, all paid. Just with a long delay only.

You just have to take that "halving" blow plus that "can't withdraw big" issues.

You must be close to the site owner or someone special to be able to withdraw without any problem. Lat time I submitted a withdraw request, it's stuck and went back to account, then turned to MHS.

Maybe you had withdrawn a relatively big amount, you must withdraw smaller ones so that it will get processed somewhat, if you read some of the earlier posts about withdrawing in small increments like the second one above because it is true.

WTF r u talking about? No one s been able to withdraw anything for weeks. When was your last verifiable withdrawal?