WaterMine was an MLM crypto Ponzi that collapsed in June 2021.
Two months later someone registered the domain “watermine.ltd”. Now they’re trying to reboot the Ponzi scheme.
The WaterMine reboot Ponzi website appears to have gone live on or around December 2021.
Like the original, WaterMine offers up a
meaningless UK incorporation
for WaterMine Corporation LTD.
The WaterMine logo has been changed but otherwise it’s the same “crypto mining” Ponzi grift.
We Mine with Best Mining algorithms. And best Team in the field monitoring the whole process and guiding you through the whole mining journey.
WaterMine promises investors up to 55% over 72 hours, with investment tiers spanning $20 to $1000.
The original WaterMine offered up to 2.6% a day for three months.
The MLM side of WaterMine appears to have been dropped. The company’s website doesn’t reference even single-level commissions.
As with WaterMine’s original Ponzi, once recruitment dries up it’ll collapse.
Also like the original WaterMine Ponzi, the majority of investors are guaranteed to lose money.
🤖 Quick Answer
What is WaterMine and its history?WaterMine was a cryptocurrency mining multilevel marketing scheme that operated as a Ponzi scheme, ultimately collapsing in June 2021. The scheme promised investors substantial returns through fake crypto mining operations combined with recruitment-based MLM structures.
How did WaterMine attempt to resurface?
In August 2021, two months after the original collapse, someone registered the domain "watermine.ltd" and launched a reboot website in December 2021, essentially recreating the original Ponzi scheme with minimal modifications to its branding and operational structure.
What returns did WaterMine promise to investors?
The reboot version promised returns up to 55% within 72 hours, with investment tiers ranging from $20 to $1000. The original scheme had offered up to 2.6% daily returns over a three-month investment
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