FX Source Miners Hub, also known as FXsourceminershub or FX247traders, is a fake crypto trading and mining platform set up to scam investors out of their money.
The site design is reasonably professional and it’s easy to see why many people are falling for the scam after being contacted online by someone who has gone on to befriend them and suggest crypto trading.
Once engaged with the platform, victims are encouraged to make large deposits to take advantage of the significant returns the scammers claim they can make.
However, any money sent to the FX Sources Miners Hub is stolen and the investor told they need to send more money or pay outstanding taxes to unlock it.
Any money sent to release existing funds will be stolen by the scammers as well. They then continue to pursue clients to extract as much money as possible from them.
What makes FX Source Miners Hub a scam?
There are many things wrong with this platform, not least the number of people who’ve contacted PawProfitForum Team to report that they’ve been scammed here.
Other issues include:
- The platform confuses its own branding, calling itself FX Source Miners Hub and FX247traders in different sections. At one point it calls itself Fcs Market.
- The content is riddled with spelling and grammatical errors and many passages of text don’t make any sense.
- The domain name was registered very recently which suggests it’ll only exist for a short while before being shut down.
- There is no explanation given as to how any profits are achieved by the platform.
- A fake company address is used – no business is registered at the Dubai location it purports to be based at.
- There is no information given about the company, the team or any licensing or regulatory approvals.
There’s very little you can do directly to secure the return of your funds, other than report what’s happened to the authorities and hand them as much supporting information as possible.
There are also private companies that might be able to help which I’ve written about here.
Have you had any experience with this platform? Kindly share your thoughts in the comment section to help others stay informed and safe.
