[SCAM] Bitcoinarbitrage.net - Ponzi scheme

[tvplus006]

What happened: Ponzi scheme

100% PROFIT FOR 1 MONTH

Flag type 1 (support/oppose): https://bitcointalk.org/index.php?action=trust;flag=2677

Thread Link: https://bitcointalk.org/index.php?topic=5326827.0
Archived: https://archive.is/o4rep
Scammer Profile Link: https://bitcointalk.org/index.php?action=profile;u=3254326
Website: https://bitcoinarbitrage.net/
Archived: https://archive.is/o4rep

  Domain Name: BITCOINARBITRAGE.NET
   Registry Domain ID: 2536237435_DOMAIN_NET-VRSN
   Registrar WHOIS Server: whois.PublicDomainRegistry.com
   Registrar URL: http://www.publicdomainregistry.com
   Updated Date: 2020-09-21T17:08:36Z
   Creation Date: 2020-06-10T20:45:08Z
   Registry Expiry Date: 2023-06-10T20:45:08Z

[qwertyup23]

Oh wow, I visited their ANN and saw bunch of newbies created within the day giving their positive feedback on this ponzi scheme.

It is very appalling to see that people are creating multiple accounts to provide enough feedback and security about the schemes of this project. However, it renders the opposite effect to most people. I do hope that thread be immediately removed and the accounts providing fake feedback may be nuked as they are promoting a scam website.

I will support the flag and thank you, tvplus for reporting this!

[TheUltraElite]

Surprisingly there has not been much support for the flags like these even though the thread was posted yesterday.

It is a newbie account posting their first thread and it is a ponzi. Obviously this is a throwaway account and the number of noobs posting in the thread there too. These guys need to improve their promotional methods, they get caught too easily.

Hoping to see more flag support soon.

[Rikafip]

It is a newbie account posting their first thread and it is a ponzi. Obviously this is a throwaway account and the number of noobs posting in the thread there too. These guys need to improve their promotional methods, they get caught too easily.

If Google translate is correct, name of the section where @didrazorko posted his announcement thread is "hyip" so of course you will get caught instantly. I guess that section is equivalent of "Investor-based games" where similar scams are found but just with a more direct name than that euphemism used in English part of the forum.

One thing that surprises me though is that trust feedback is not visible there which is kinda strange due fact that almost every thread made there is some kind of scam. Or maybe exactly because of that trust is not visible, but still, imho it should be.

By the way, flag support!

[tvplus006]

...
It is a newbie account posting their first thread and it is a ponzi. Obviously this is a throwaway account and the number of noobs posting in the thread there too. These guys need to improve their promotional methods, they get caught too easily.

Indeed, all 10 posts to promote the Ponzi scheme were created by newcomers who registered on the same day within minutes. All registrations were made for the sole purpose of promoting fraud, about which I created another thread in the "Reputation" section: https://bitcointalk.org/index.php?topic=5326902

[r34tr783tr78]

I also supported the flag. But it wont be of much use as the red flag cant be seen in the local threads of bitcointalk. It is a paradise for flagged scammers. They can keep scamming people who dont check the trust and realize that their accounts are flagged as scammers. I posted in their advertising thread warning but they might not be able to read English.

[ScamViruS]

Since it was in the local language, using Google translate, I understood that they are offering 100% profit in 30 days. These scammers are constantly changing their scam formulas, they are now making their plans in such a way that people believe them and make their website look realistic. Now that there are so many new investors in the crypto market, it is not surprising that new investors are falling prey to such scams.

Flag supported.