Scam Type: Fake Crypto Mining Scam
Calculated Amount Lost: $81,748.00

Wallet Addresses:

• 0xC35b38baA80DA0d255211d3Df4dF93DFb38dBe30
• 0x3144D62c79989786884605B834F9201A8b46Dc14
• 0x60d363D09b361F785B084d1bc48b2Ce92411C2b0

Overview:

Anabscoin.com is a fraudulent crypto mining scheme that lures victims with promises of high returns on investments made in cryptocurrency. The platform advertises itself as a mining operation offering lucrative earnings through crypto mining, encouraging users to deposit significant amounts of cryptocurrency, particularly USDT, to “unlock” mining contracts or participate in its system. However, the entire operation is a scam designed to steal funds from unsuspecting investors.

How the Scam Works:

Once victims sign up on the Anabscoin.com platform, they are offered the opportunity to mine cryptocurrency by investing in different “packages” or “plans” that promise large returns. After making the initial deposit in USDT (Tether), victims may see their balance increase temporarily. However, these profits are not the result of actual mining, but a tactic to build trust and encourage larger investments. As more funds are sent to the platform, the scammers continue to take the money and eventually disappear, making it impossible for users to withdraw their investments or the supposed profits.

Victims have reported sending substantial amounts of cryptocurrency to multiple wallet addresses, with one address in particular, 0xC35b38baA80DA0d255211d3Df4dF93DFb38dBe30, being used for the majority of transactions. The total amount lost to this scam, calculated by the reported victims, is $81,748.00, primarily in USDT.

Victim Impact:

The scam has resulted in significant financial losses for many victims. They sent large sums of USDT to various wallet addresses, believing they were investing in a legitimate crypto mining venture. However, once the funds were transferred, they were unable to withdraw or recover any of their initial investments. The scam has caused financial hardship for those who trusted the platform, believing it was a legitimate way to earn passive income.

Anabscoin.com Conclusion

Anabscoin.com is a clear example of a fake crypto mining scam. The platform operates by tricking users into sending cryptocurrency to fraudulent wallet addresses, offering them no chance of returns or any legitimate mining activity. As with any investment, especially in cryptocurrency, it is essential to conduct thorough research and be cautious of platforms that promise high returns with little risk. Always be wary of deals that seem too good to be true, as they often are.