Mining City @ BehindMLM

Having unofficially collapsed in December 2020 with the launch of Electric Cash and subsequent failed shitcoins, Mining City has now officially collapsed. As per an email sent out by CEO Greg Rogowski, Mining City has implemented withdrawal restrictions.

It’s not hard. “Recruitment slowed down. We ran out of money and unless you go out and lure new suckers in, we can’t pay you.” Despite dragging Mining City through multiple exit-scams, owner Eyal Avramovich refuses to admit his Ponzi scheme has collapsed. Investors continue to be left hanging, with future withdrawals the ever perpetually [Continue reading…]

Mining City is claiming 20,000 affiliates have regained access to withdrawals. Firstly I’d be surprised if Mining City actually had 20,000 active investors left. Secondly Mining City’s social media accounts remain flooded with claims of withdrawal problems. The claim that 20,000 Mining City investors are able to withdraw doesn’t add up.

Back in October Mining City initiated its exit-scam by blocking withdrawals via KYC. As revealed in a new communication sent out to affiliate investors, Mining City’s exit-scam just got worse…

Mining City has disabled affiliate withdrawals. Starting October 16th, Mining City will only allow affiliates who’ve completed KYC to withdraw.

Dubai’s status as the epicenter of MLM crypto scams has plunged to a new low. The emirate is now hosting conventions that celebrate financial fraud.

Mining City’s original shitcoin, Bitcoin Vault (BTCV), is currently sitting at around ~$17. Worse still, BCTV investors through Mining City are receiving cents a day.

A CloudBest employee has revealed BehindMLM’s ongoing coverage of fraud has left Mining City feeling “humiliated”. On June 3rd Wojciech Orych, who identifies himself as an Information Security Analyst, wrote in requesting information on BehindMLM (emphasis mine).

In an email sent out to its investors, Mining City claims a “fake app” somehow has access to the company’s affiliate database. From a security standpoint, this makes zero sense.

Mining City has dropped its mining revenue facade. The company is now paying fixed returns on a schedule. Mining City’s fixed returns are being marketed as “payment plans”.