ledgerlivekit.web.app is a fraudulent Multi-Level Marketing (MLM) platform that misleads users into making cryptocurrency investments, only to steal their funds. Victims have reported a total loss of $11,648. The platform promises high returns and attracts users with the potential to earn commissions by recruiting others, a typical feature of MLM scams.

Transaction Details

The following transactions were made through ledgerlivekit.web.app, leading to significant financial losses:

1. XRP: 3,990.951 sent to wallet rNFugeoj3ZN8Wv6xhuLegUBBPXKCyWLRkB
2. ETH: 0.00231195 sent to wallet 0xd557fCB4374856fb3706A07eD258A33d5743F690
3. CRV: 232.08 sent to wallet 0xee8AA17bAfA0391CF39F0C47A8448DA948bbBE12
4. FTM: 950.1 sent to wallet 0xee8AA17bAfA0391CF39F0C47A8448DA948bbBE12
5. AXS: 54.8724 sent to wallet 0xee8AA17bAfA0391CF39F0C47A8448DA948bbBE12
6. SAND: 2,517.1785 sent to wallet 0xd557fCB4374856fb3706A07eD258A33d5743F690
7. ETH: 2.101147145 sent to wallet 0xd557fCB4374856fb3706A07eD258A33d5743F690
8. MATIC: 2,505.93176972 sent to wallet 0xd557fCB4374856fb3706A07eD258A33d5743F690

Warning Signs

1. MLM Structure: Emphasis on recruiting others to earn rewards rather than genuine investment opportunities is a major red flag.
2. Unrealistic Promises: Offering high returns with minimal risk or effort, especially in a short time, is a typical tactic used by scammers.
3. Lack of Transparency: No verifiable or legitimate operation behind the platform, with funds simply disappearing after they are deposited.

Conclusion

ledgerlivekit.web.app is an MLM scam designed to trick users into investing large sums of cryptocurrency. If you encounter similar platforms, be cautious and conduct thorough research before making any financial commitments. Scams like this are prevalent in the cryptocurrency space, and being informed is your best defense.