Bitcoin Cloud Mining
Is CryptoHuge Fake or Real?
Why Is CryptoHuge Fake?
CryptoHuge claims to be a cryptocurrency cloud mining platform. There are several investment plans ranging between $100 to $204,800 which promise returns of 1%-2% in 24 hours. The home page claims that registration is free. This is technically true as there is no charge for creating an account. However, it is mandatory to make an investment once you log in.
When I analyzed the numbers given in the above rate card, I found that their cheapest plan has the highest rate of return. This is logic-defying for anyone who is familiar with how investments work. The possible reason for this is explained later in the article. It should be noted that the returns are mentioned in Dollars and not BTC.
The domain CryptoHuge.com currently redirects to CryptoHuge.best. I was able to confirm using the Wayback Machine that CryptoHuge has used at least 14 different domain names which redirect to one another. Some of these are currently inactive, but Wayback Machine’s archives show that the same website was once hosted on these domains.
A domain name lookup on WHOIS.com showed that the oldest domain is CryptoHuge.com which was registered on 6th October 2017. However, the website didn’t start seeing any real traffic until April 2018. The .com domain was registered in Russia and the registrant’s name has not been provided.
The most recently registered domains are Cryptohuge.best and Cryptohuge.bid. The .bid domain is already inactive even though it was registered just 4 months back. The location for the .bid domain was provided as California, USA. However, I believe that the website originates in Belarus, which is a neighbouring country of Russia. The first reason for this is that the WHOIS information shows the location of the original website as Russia The rest of the reasons are explained as the article goes on.
The website design is neat & clean. The content is horrendous as it is filled with nonsensical sentences. It seems as though it was written by someone who doesn’t speak English as a first language. This is the second reason for believing that the website originates in Belarus.
The home page mentions ‘work’ multiple times and also brings up ‘additional tasks’. This is confusing as there is no work to be done on the website except investing in the plans. In one instance, there is also a registered trademark symbol next to CryptoHuge. There is no evidence that the term is actually registered as there is no registration ID provided.
CryptoHuge deposits $100 in users’ accounts just for signing up. The caveat is that this amount cannot immediately be withdrawn, as there is a minimum withdrawal threshold of $1,000. CryptoHuge has a referral program where investors can earn $20 for every successful invite. However, the referrals need to have at least $120 in their account before the bonus can be credited.
After considering the $100 sign-up bonus, it will take between 2 to 9 days of daily investing to reach the minimum withdrawal limit of $1,000, if you invest in any plan which costs less than $1,600. Combined with the fact that the cheapest plan gives the highest return, it seems that CryptoHuge is trying to make investors wait as long as possible before requesting a withdrawal.
There are no contact details provided except an email ID which was found to be working when checked using MailTester. The email account is registered with Yandex.ru, which is the third reason I believe that CryptoHuge originates in Belarus.
There are no social media links provided on the website. There are several Facebook and Twitter pages carrying the name of CryptoHuge, but none of them look official. There are only two accounts which seem to actually be associated with the platform. The first is the Twitter handle @CryptoHuge that was created in April 2018, which is exactly when the website started gaining traffic.
The second social media profile which looks official is the Facebook page ‘CryptoHuge Earning’. It has more than 6,000 likes and was also created in April 2018. The location of the Admins of this page is mentioned as Belarus. This solidifies my belief that the website is Belarusian.
There are several reviews available for CryptoHuge on websites like Scamadviser and TrustPilot. The reviews are mixed with some users claiming that it is a good platform to invest in, while others are complaining that they have not received payouts. I found some evidence that many of the positive reviews are fake. These accounts use fake names and images lifted from Russian social media sites. Additionally, all their reviews are for the different domain names of CryptoHuge and another site called CryptoFree.
CryptoFree seems to be a scam as it is promising free bitcoins for playing gambling games. The website is not actually free as users have to deposit money into their accounts to keep playing once the sign-up bonus runs out. It looks highly-suspicious and is very likely to be fake.
It seems quite obvious that CryptoHuge might be a scam. The investment plans make no sense and the returns being promised are unrealistic. Also, the returns are mentioned in Dollar amounts instead of BTC.
CryptoHuge keeps changing its domain name and has used at least 14 different ones. The location for some of the domains is mentioned as California when the website quite clearly has a Belarusian or Russian origin. These countries are notorious for scams which makes investing in CryptoHuge a risky proposition.
The positive reviews are highly suspicious and there are several complaints from users that they have not received payouts. There also seems to be a link between CryptoHuge and CryptoFree which looks like another cryptocurrency scam. It would be advisable to avoid investing in the platform as the chances of it being a scam are extremely high.
Remember: If something seems too good to be true, it probably is.
If you have been a victim of an investment scam, you can take the following steps:
- File a complaint with the payment portal. However, investment scammers mostly use methods such as Bitcoin, Western Union, MoneyGram and other untraceable methods which make refunds impossible.
- File a formal police complaint with the Cybercrime department.
- Leave a negative review on review portals such as Scamadviser and TrustPilot
- Report the website to Google using the Suspicious Site Reporter extension for Chrome
- Give a low rating to the website on Web of Trust. You can also install their extension for the same.
- If the company has a listing on Google My Business or Google Maps, file a complaint using the Business Redressal Complaint Form. Also, leave a negative review explaining what kind of experience you had.
Disclaimer: The views expressed in this article are presented as an educated opinion based on facts and evidence. There is no malicious intent or attempt to defame any individual/s or organization/s. If you are a website owner and would like to provide clarifications regarding your business and/or website, please get in touch using the Contact Form.