Is Minerworld a scam? Be sure to read before investing

A minerworld is a Brazilian financial pyramid that made “supposed” investments in cryptocurrencies, mainly in mining bitcoin (BTC).

Understand everything about the company and how the contract minerworld. After all, there may be similar cases on the internet. 

What is minerworld? 

A minerworld started operations in 2017 in Brazil, the company had 10 cryptocurrency investment plans.

They promised an annual profitability of 100% about the money invested on the site. Despite having 10 investment plans to minerworld se concentrated na bitcoin mining. 

The company also operated in Paraguayi and its headquarters in Brazil was in Campo Grande. In 2017, the Public Ministry and the Federal Police investigated the operation Lucro Fácil, on suspicion of financial fraud,as well as other financial companies that did the same thing.

A minerworld he said that he did multilevel marketing and that he sold his mining services in bitcoin. But there is no evidence of the existence of the mining farm in Brazil. She was a fraud!

Minerworld fraud 

Minerworld is one of the biggest financial frauds in Brazil, at the beginning of the Federal Police investigations, it was estimated that the loss was R $ 23,8 million. 

In 2019 justice accused the company to hide 500 million in bitcoins. One customer reports that the company stole more than 50 of his account in one international exchange. That is, they supposedly hacked into customer accounts. 

Customers had access to account data, meanwhile one of the victims reports the company's clay maneuver. The representatives alleged instability in the exchange and transferred the balance in bitcoins to another account. 

Justice also investigates the Undermine for money laundering, after all they spent millions in the hands of the representatives of the mining company Minnerworld.  

Minerworld blight 

The company “mined” Bitcoin, but there is no report on the alleged mining farm here in Brazil or Paraguay. When asked about the mining farm of minerworld, they said they were under construction and could not be shown on the internet. Some people already suspected that this was a scam! 

News about minerworld 

One of the latest news about the company talks about Phishing. The practice of Phishing visa obtain confidential information from users, for example: credit card passwords or confidential data of your customers. 

That ntrickery was released 5 months after minerworld disclose a payment plan to your affiliates and customers.  

Minerworld Instagram 

You can find affiliate accounts from Minerworld on Instagram, some photos have open comments and we can see that the Minerworld it even had customers in Mexico. See the photo: 

Bit Offers minerworld 

A Minerworld had partnership with Bit Offers, CNPJ of Minerworld was responsible for making payments and making the company's cash flow. However, the minerworld he recanted and said that the operations and payments took place in Paraguay. 

The Paraguayan securities commission investigated the company and the defense for the authorities in Paraguay was the same as in Brazil. Miner said the company was located in Brazil to escape Paraguayan jurisdiction. 

However, it doesn't matter if the company was in Brazil or Paraguay. She was not authorized by Securities and Exchange Commission in no country. 

Minerworld presentation 

Na company presentation, they said that customers had to buy a virtual account for $ 15. They presented more than 10 investment options, the main one being work binary.

See below what was the Binary System described by the company itself:

However, for investment plans the value was $ 30 to $ 1000. THE profitability guarantee was 100% of the amount invested in 1 year. The profit would be paid in dollars to investors; nin Brazil, applications started with R $ 50,00.

Minerworld it's trustable? 

No, the company stole about 50 million in bitcoins and did not pay its investors. The mining contract that investors made through the site had no legal guarantee.

Thus, approximately 120 thousand people who invested in the platform were stolen. In 2017 there were rumors that the company was a fraud, however, the time countered “criticism”.  

In 2017 the company was investigated by the Campo Grande criminal court, in that first investigation the police were looking for information on the falsification of payments. 

Blockchain minerworld 

A minerworld said it was stolen in Poloniex so it did not pay its investors. The company's defense supports its argument in this fact.

We know that bitcoins theft actually existed in the Poloniex and on several cryptocurrency platforms in the world, however nothing has been proven.

Minerworld complain here 

Company not has a reputation in the complaint here, some people talk about the lack of contact after the investigations.

Scheme using bitcoin 

There was no legality in the bitcoin mining contract. There is also no evidence that the mining farm existed in Brazil.

Unfortunately, some companies use cryptocurrencies to talk about the great investment opportunity. We know it is possible profit from cryptocurrencies, but risking your investment in unregulated entities is not the right way to start in this market. 

Miner tried to further explore cryptocurrencies by launching the kryptacoin, but this digital currency was fake, it had no market value. 

How to receive payment from mineworld?

The company made a deal to pay its investors in November 2017, but in January 2018 confirmed that it did not have enough money to pay its customers. So the plan did not work and people did not receive what was promised. 

A Minnerworld established a payment plan so that people decide to receive in cryptocurrencies or in installments up to 24 times. The value in cryptocurrencies was also paid in 12 installments. 

At the beginning some people received, however the company has no cash on hand to pay its customers. Justice blocked the assets acquired with the company's activities, more than 7 people linked to Minnerworld and affiliates had their assets blocked.

300 million reais were blocked. 

The company said it had 850 bitcoins stolen by Russian hackers on Poloniex. This theft report was reported to investors and would be the main reason for not paying customers.

A Minerworld ended the mining in bitcoins saying that the price was high and the costs unviable. That would be another justification for the company to close.