ETH LimiteD, Ponzi scheme project from Vietnam

[AbNewton]

Anyone in the cryptoworld can see that you can't guarantee a fixed ROI no matter how good you are. Any company or person claims they are able to do that is either a liar or just want to scam your money. All the mlm and ponzi schemes do this kind of thing is the worst and you shouldn't invest in those no matter how little amount of money you want to try out.

[1714742555]

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[1714742555]

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[mlmbox]

Anyone in the cryptoworld can see that you can't guarantee a fixed ROI no matter how good you are. Any company or person claims they are able to do that is either a liar or just want to scam your money. All the mlm and ponzi schemes do this kind of thing is the worst and you shouldn't invest in those no matter how little amount of money you want to try out.

Right! You should alert the community to avoid scams!

[Shasha80]

I am not surprised that more and more scam projects are in circulation today, because some people are very desperate to make money
in an instant. Because they are forced to buy daily necessities in a situation of economic crisis like now. thank you for sharing information
related to eth limited projects, the method is by way of ponzi scheme which always takes a lot of victims. Usually many people are fooled
because those who offer ponzi to us are usually the closest people like friends, neighbors and even family. So many victims if using the ponzi
method. 

[AmoreJaz]

I am not surprised that more and more scam projects are in circulation today, because some people are very desperate to make money
in an instant. Because they are forced to buy daily necessities in a situation of economic crisis like now. thank you for sharing information
related to eth limited projects, the method is by way of ponzi scheme which always takes a lot of victims. Usually many people are fooled
because those who offer ponzi to us are usually the closest people like friends, neighbors and even family. So many victims if using the ponzi
method. 

@OP, can you move this to scam accusations board - https://bitcointalk.org/index.php?board=83.0. put a warning maybe
because this board is already saturated with a lot of topics. at least in the scam accusations board, most users are checking that section for potential scam or ponzi on the works.
im very positive, this website is using the name of eth to screw naive users!

[Leonardo7]

ETH Limited is big scam, your etherem will be stolen and the site will crashed without anyone to hold. A friend who has been into etherem smart contract Ponzi posted this and alleaged he has ivested 32ETH, I knew he was looking for who to scam, I have since stop him from posting ponzi i our common group to avoid scamming newbies. Do't give your asset to anyone, just either long hold for profit or trade if you are technically sound.

[mlmbox]

ETH Limited is big scam, your etherem will be stolen and the site will crashed without anyone to hold. A friend who has been into etherem smart contract Ponzi posted this and alleaged he has ivested 32ETH, I knew he was looking for who to scam, I have since stop him from posting ponzi i our common group to avoid scamming newbies. Do't give your asset to anyone, just either long hold for profit or trade if you are technically sound.

Right, make a topic https://bitcointalk.org/index.php?board=83.0 to warning.

[totoy4741]

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.

Forsage has already hit they eye of Vitalik. He actually warned people from investing in such company in which it would only take their money without anything in return. You know it is from Phillipnes and there a plenty of MLM ponzi scheme floating around and forsage is definitely one of them.

[AjithBtc]

Scams in the name of bitcoin is quite common. Now ethereum too has gained importance and popularity. As a result more and more ponzi scams have been getting promoted in the name of ethereum. Here it is eth limited based in Vietnam. In my country many has been a part of the MLM based scheme called forsage. It has been proven to be a scam, but people continue to pour in the money expecting good outcome.

[Docbee]

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

Thanks for sharing the info.  There are just numerous crypto related ponzi schemes out there.  We should be careful of scheme asking you for referral levels and promising that if you donate 1 ETH, in the next 3 or 4 days, it will be doubled.  Recently, there was million money ponzi scheme asking people to buy 0.4ETH into trustwallet and earn around 4ETH within a week.  Let's be more careful.

[arufox]

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

Based on whitepapers, yes this project is a scam. I also saw a similar project from Vietnam called Ibid using a system similar like this. But I don't think this is related to the country. But who the p the person behind it, so I think it would be better if the title change to "ETH Limited Ponzi scheme"
Just remember crypto is unpredictable  if there is a project that guarantee a% profit, of course it's a scam

[bussybuddy]

There are so many Ponzi projects active in this market, you need to be really careful with them. If you invest in such projects, I believe you will lose a lot with it, just paying attention to the top projects in this market is enough.

[Kupid002]

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.

I don't find any blog article that tell about the ethereum limited as a ponzi scheme hopefully someone will create a blog to create a warning to all possible investors that will put their money in this ponzi scheme.


That return they promise is too good to be true and no real business can give that interest daily  having that is already a red flag.

[aemma]

They will keep coming out because they know there are people who will always participate in it no matter all that has been said. There are people who believes they can be quick to make money from Ponzi without knowing the team of those Ponzi schemes are always smarter. Also, nowadays they use Ethereum to make it look like they are running a legit project thus a perfect cover to attract greedy people. Until most people come to the understanding that Ponzi is only out to make money off them, then will they stop participating in it.

[BitTraderCute]

i never see vietnam project getting success in crypto market, since bcnex could be good example for us. they hoped could be great project in south east asia and compete with another exchanges but unfortunately not. moreover with ponzi scheme project, it just take investors money and very useless for us.

[Kotone]

There are so many Ponzi projects active in this market, you need to be really careful with them. If you invest in such projects, I believe you will lose a lot with it, just paying attention to the top projects in this market is enough.

This one is really obvious. Actually in the past anything that has name of eth with its name aside from ethereum classic is really suspicious for me. Like the hype of ethereum rainbow colors. Such as ethereum blue, black, green and almost all the color has been used to create projects. The ponzi scheme projects are not gonna advanced knowing all the past results for their scheme. Community should aware of this and must be careful.

[akwfleaspirit]

When it comes to ponzi..  It's definitely a scam. Let's be very careful where we choose to invest in. Many con artist are out there, looking for a way to scam others. Either with fake crypto projects or through crypto scams. If you want to invest in any online deal, definitely not a ponzi scheme. We'll I might be wrong, but I have seen many get rugged investing in ponzi schemes. Let's be very careful.

[fosco333]

Some people may interested to join some ponzi projects or mlm, but i personally don't like ponzi.
Ponzi project only bring profits for early members, late members will not getting profit, because that is a typical ponzi/pyramid scheme.
Better to investing our money to some good DeFi projects in cryptocurrency now.