A devastating cryptocurrency investment scam has been reported involving the fraudulent platform marathoncoin.net, resulting in losses totaling $2,500,000 USD. The victim, a resident of Arkansas, was introduced to this scam by a long-distance acquaintance. Over several months, starting in Fall 2023 and ending with a final transaction on March 5, 2024, the victim was repeatedly coerced into paying so-called “gas fees” to unlock promised profits. Each payment was followed by additional demands for further fees, with claims that $7.2 million in profits could only be withdrawn after another $100,000 payment.

The funds were sent entirely via cryptocurrency, and this case highlights the deceptive tactics scammers use, such as promises of unrealistically high returns and incremental fee requests.

If you encounter marathoncoin.net or similar schemes, avoid engaging, and report the scam immediately to protect others.