ETH LimiteD, Ponzi scheme project from Vietnam

[masterrex]

Thanks for sharing this warning mate, But in the first place we should never entertain or invest with this kind of investment. if you visit the site it looks like a legit website, but as you said it was run like a Ponzi scheme and disguised as a Multilevel Marketing with a too good to be true promises. will these qualities are quite suspicious thats why its better to categorize it as a scam platform.

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[bttmember]

Nice way to educate people about such ponzi schemes, i still remember how people argue and insisted that plus token and similar other programs are legit and we must invest and promote to earn and now we know all those programs ran away with billions in user coins like btc and eth so simply stay away from all such ponzi based schemes.

[CryptoCrawler_2017]

I checked them & they look fake as shit, just look at their telegram group, full of paid actors bot with the same silly stupid message of " lambo kids ".
they have nothing except this " invest & you'll have a monthly return from 6% to 30% ".
Of course this is total bullshit.
They made a bounty couple weeks / months ago & they didn't even paid the bounty hunters, now imagine what they'll do for real people buying their fake shit.

[Cheesus]

I noticed there are many Ponzi scheme projects are available in Vietnam! I found Eagle Rock Global, Tcapital, and this Eth Limited and some others. They are brilliant to hide their real identity because you can not realize entirely that these are Ponzi projects, but if you dig it hard, then you will recognize it! If I am not mistaken, I think ETH Limited has a bounty on this forum, and they successfully created hype, but later they are gone! Thank you for letting us know, do not join in any Ponzi scam projects!

[SistaFista]

Be careful with the ponzi scheme, some people may like to join ponzi because the return is big, but it is always same, the late comer will not get any profit because only the early people who always get all the profit. We better to invest on other projects than MLM or ponzi, everyone have the same chance/opportunity to get profit.

[andycarrol]

I hope this thread can be embedded in all sessions of this forum so that when everyone reads this information will find out that ETH limited has a ponzi scheme and I hope that it can be avoided not to be affected by anything so it won't make everyone lose.

[Python Master]

Don't share about it. This will make its name more popular. Newbie investors maybe lose money for it. You should find post about it and report scam, provide some details to prove it scam to everyone.

[WalkerIVIV]

Nice way to educate people about such ponzi schemes, i still remember how people argue and insisted that plus token and similar other programs are legit and we must invest and promote to earn and now we know all those programs ran away with billions in user coins like btc and eth so simply stay away from all such ponzi based schemes.

There must be more similar thread to create more and more awareness. We can see that even some people have already created an awareness thread doesn't mean this is enough to encourate a lot of people to stay away from that ponzi scheme.

[Rodeo02]

I hope this thread can be embedded in all sessions of this forum so that when everyone reads this information will find out that ETH limited has a ponzi scheme and I hope that it can be avoided not to be affected by anything so it won't make everyone lose.

There is an easy way if you want many people know that ETH limited is scam and just another ponzi scheme in the making. You just need to make an article about the investment and why do you think it will became scam sooner.

After having that people will easily  see it when they search on Google for information about this investment scheme.

[mlmbox]

I checked them & they look fake as shit, just look at their telegram group, full of paid actors bot with the same silly stupid message of " lambo kids ".
they have nothing except this " invest & you'll have a monthly return from 6% to 30% ".
Of course this is total bullshit.
They made a bounty couple weeks / months ago & they didn't even paid the bounty hunters, now imagine what they'll do for real people buying their fake shit.

Yes, please report to Telegram, make it "SCAM" label.

[bluebit25]

Don't share about it. This will make its name more popular. Newbie investors maybe lose money for it. You should find post about it and report scam, provide some details to prove it scam to everyone.

Why is that? This is a warning post about this project, they are not promoting it. They just want more people to know that this is a scam project and need to stay away from it.

[Psynthax]

A piece of advice here: don't waste your time over any MLM bullcrap with cryptocurrency as an investment. Any fools stupid enough to throw their money over crap like this receive no mercy from me. Good find anyways.

true MLM, MMM, Ponzi are just piece of garbage and just recycled scam, what makes me confused is how people keep repeatedly scammed over and over again although so many publication about how dangerous and shady these kind of pseudo-business is. People should google more.

[LuciferMorningstar]

I noticed there are many Ponzi scheme projects are available in Vietnam! I found Eagle Rock Global, Tcapital, and this Eth Limited and some others. They are brilliant to hide their real identity because you can not realize entirely that these are Ponzi projects, but if you dig it hard, then you will recognize it! If I am not mistaken, I think ETH Limited has a bounty on this forum, and they successfully created hype, but later they are gone! Thank you for letting us know, do not join in any Ponzi scam projects!

There are many Ponzi scheme projects in Vietnam because their government was very weak on crackdown this kind of crime. Most victims were from some other countries and thus making it harder to pursue and convince the criminal in charge of the scheme since victims don't know how to report them to the authority. Hopefully, they fast track on their law over new kinds of crimes like this, or else, their country will become a safe haven for these criminals.

[kawetsriyanto]

Always like this, when crypto wants to develop and experience extraordinary hype, the scammer will appear. With this, scammers actually do things that might make sense and not seem like a scam. but of course, sometimes they still leave traces that are so easy to detect that they will make more people aware. but the problem is that they want newbies who have just joined. So this is very vulnerable for new users.

[mlmbox]

Hello all, So what's our next action?

[tabas]

I got into their website and they are encouraging investors to buy $50 for their staking and that's what they call as "package".
https://medium.com/@ELD_Community/new-package-released-3ffed1e2018e

Hello all, So what's our next action?

Move this to Scam Accusations.

[TopT3ns]

Always like this, when crypto wants to develop and experience extraordinary hype, the scammer will appear. With this, scammers actually do things that might make sense and not seem like a scam. but of course, sometimes they still leave traces that are so easy to detect that they will make more people aware. but the problem is that they want newbies who have just joined. So this is very vulnerable for new users.

hype and scammers will always be there, the most important thing for all of us is to be able to avoid it in a way we should be smarter than the perpetrators, as much as possible to keep reading so that when there are scam projects like this can know the information.

[MUG1WARA]

Forget about this project and never join the Ponzi project, it's better to use your time for more useful projects so you can also benefit from the bull run market.

[mlmbox]

I hope this thread can be embedded in all sessions of this forum so that when everyone reads this information will find out that ETH limited has a ponzi scheme and I hope that it can be avoided not to be affected by anything so it won't make everyone lose.

Ok, please make it.

[WannaCry]

if the project is using a commission-based when recruiting or inviting people then you have to think that this is scam.. there are so many people using crypto especially ethereum and bitcoin to lure people and promising they will get high roi..