COTP reboot Ponzi Trust Miner “loses” website domain
The Trust Miner reboot Ponzi has lost its website domain.
Naturally, the reasoning management have come up with doesn’t hold up.
Sometime over the last 24 hours Trust Miner’s website went offline. The website had been hosted on the domain “trustminer.app”.
Ponzi websites going offline is your typical exit-scam, but Trust Miner admin Corey Deez insists that’s not the case.
Deez addressed the downtime via a “site announcement”;
Over the last few days there have been multiple attacks on existing BSC projects.
A bad actor reported to our domain provider that we were violating their Terms of Service.
This is untrue, but the domain provider proceeded to take down our site.
None of that makes sense.
Firstly, getting a website domain taken down does nothing for someone “attacking BSC projects”.
Secondly, while domain registrar’s might act on TOS violation complaints, they typically don’t do so without contacting the domain owner. And from there every domain provider has a process in place.
Running Ponzi schemes like Trust Miner is illegal but typically registrar’s don’t act unless they’re contacted by law enforcement (I don’t want to get into it here but it’s to do with liability on the registrar’s behalf).
In any event, when a registrar does take action – it’s reflected in WHOIS records. With Trust Miner’s website domain record, we can see nothing has changed since it was registered on June 15th.
Deez claims he’s replicated Trust Miner’s previous website to a new domain, “trustminer.finance”.
This blows an even bigger hole in Deez’s initial claim, seeing as the .finance domain was also registered on June 15th (within 30 minutes of the .app domain) – through the same registrar.
If Deez’s baloney explanation held water, the same registrar isn’t going to let him use a backup domain to host the same content. It’d be as simple as reporting the new domain to get it shut down.
But that’s obviously not what’s happened here.
MLM Ponzi schemes are a murky mess to wade through at the best of times. MLM crypto Ponzis run through shady Telegram groups are even more opaque.
SimilarWeb reports Trust Miner’s .app domain only recorded around 11,000 visits throughout June. That’s nowhere near enough to sustain an MLM Ponzi.
I suspect the domain reboot is an attempt to refresh marketing efforts, essentially writing off Trust Miner’s first launch.
If recruitment doesn’t improve, expect more “attacks” as an exit-scam is pulled in the next few months.
Trust Miner is a reboot of the collapsed COTP Ponzi scheme. As opposed to being linked to COTP management however, Trust Miner is believed to be run by former investors.
The goal of double scamming COTP investors has been achieved, so there’s little incentive to keep the reboot Ponzi going unless new victims are found.