Community Members,

This comprehensive review of CrestTradeMining, found at cresttrademining.com, is prompted by a serious complaint. A victim reported a significant loss of $5,810 to what appears to be a deceptive bitcoin mining scam.

Incident Overview

– Report Filed: A complaint was submitted to the BBB on January 3, 2023, detailing a loss to a scam through a hacked social media account.
– Modus Operandi: The victim was persuaded to invest in bitcoin mining, leading to subsequent deposits via Cashapp and bitcoin ATMs, accompanied by unjustified withdrawal fees.

Investigative Findings on CrestTradeMining

– Domain Registration: Registered on March 6, 2022, through Hosting Concepts B.V. d/b/a Registrar.eu, the platform is relatively new and lacks significant web traffic or credible backlinks.

Operational Claims

– Investment Opportunities: According to the website, users can deposit funds and watch their capital grow with various investment plans, starting at a minimum of $25.
– Withdrawal and Referral System: Withdrawals are promised within 24 hours, and the platform offers a referral program for additional earnings.

Contact Information and Red Flags

– Company Name and Director: Listed as Cresttrademining Limited, directed by Connor Burke, with contact details including a Michigan phone number and a fictitious Los Angeles address.
– Fake Address Link: The provided Los Angeles address is linked to another suspicious investment company, Cryptolitemax, hinting at potential fraudulent connections.
– Inconsistencies in Registration: The FAQ section references a UK registration under ‘BIT KINDLE LIMITED,’ which is a dissolved entity. A fake incorporation certificate further raises doubts about the platform’s legitimacy.

Suspected Scam Network Association

– Similar Websites: CrestTradeMining shares similarities with several other websites, indicating a potential scam network. These include tradegains-ltd.com and premium-tms.com, among others.

Conclusion and Recommendation

– High Risk of Scam: Given the numerous inconsistencies and red flags, CrestTradeMining is likely a scam operation. The platform’s unrealistic investment returns and questionable operational details suggest it is not trustworthy.

Advice to Potential Investors

– Exercise Caution: Based on the evidence, we advise against investing with CrestTradeMining. It is crucial to conduct thorough research and seek professional advice before engaging with any investment platform.

Stay vigilant and safeguard your finances from dubious investment schemes like CrestTradeMining.