1. False Company Claims
BSVCloud.com presents itself as a legitimate cryptocurrency cloud mining company with several claims that our investigation has proven to be false:
Claim vs. Reality
"Established in 2017" and "a pioneer in cryptocurrency cloud mining"
Domain bsvcloud.com was only registered on December 21, 2018
Currently running an "8 YEARS Anniversary SALE" (implying founding in 2017)
Even if founded in 2017, it would only be 8 years old in 2025, not 2024 when the sale was running
Based in the UK and "registered and operating under UK regulations"
No company registered as "BSVCloud" or "BSV Cloud" exists in the UK Companies House database
The Wayback Machine shows no archived content for bsvcloud.com before 2024, suggesting recent activation despite claims of operating since 2017.
2. Suspicious Domain Information
Analysis of the domain registration details reveals several suspicious elements:
Domain Details
- Created: 2018-12-21 02:15:41 UTC
- Updated: 2025-03-28 07:25:54 UTC
- Expires: 2025-12-21 02:15:41 UTC
- Registrar: Gname.com Pte. Ltd. (Singapore-based)
- Nameservers: ACE.NS.CLOUDFLARE.COM and HARLEIGH.NS.CLOUDFLARE.COM
Red Flags:
- Owner identity hidden behind privacy protection
- Domain registered through Singapore-based registrar despite claiming UK operations
- Abuse contact has Singapore phone number (+65.31581931)
- Using Cloudflare nameservers, which can be used to hide the actual hosting location
3. Potential Identity Theft
The investigation revealed that bsvcloud.com is using the address of a legitimate UK company:
BSV LTD Details
- Company Number: 10251029
- Incorporated: June 25, 2016
- Address: Unit 25, Sarum Business Complex, 1st Floor, Salisbury Road, Uxbridge, England, UB8 2RZ
- Director: Benjamin-Tomas Simatos (French national, UK resident)
- Business activity: "Other professional, scientific and technical activities not elsewhere classified"
- Connection to cryptocurrency: None found
- Connection to financial services: None found
Important Note: The legitimate company BSV LTD and its director Benjamin-Tomas Simatos appear to be victims of identity theft, with scammers fraudulently using their registered address. They are likely unaware their company details are being misused for fraudulent purposes.
4. Unrealistic Investment Returns
BSVCloud.com offers investment plans with mathematically impossible returns for legitimate mining operations:
Example Plans
| Plan Name | Investment | Return | Duration | Daily Return % |
|---|---|---|---|---|
| Special Offer Plan #5000 | $5,000 | $5,400 | 1 day | 8% |
| Special Offer Plan #10000 | $10,000 | $11,000 | 1 day | 10% |
| Ultimate Mining Plan #0988 | $120,000 | $148,800 | 3 days | 8% (24% total) |
Red Flags in Investment Structure:
- Daily returns of 2-10% (legitimate investments typically yield 5-15% annually)
- Short investment terms (1-5 days) allowing quick profits for scammers
- Capital back guarantee plus profits
- Large investment amounts ($5,000 to $120,000)
- Urgency tactics ("Special Offer" labels)
- No technical details about mining hardware, hashrates, or electricity costs
- No risk disclosure
5. User Complaints
Multiple sources report significant issues with bsvcloud.com:
Common Complaints
- Withdrawal issues, especially with larger amounts
- Increasing deposit demands to "unlock" accounts or withdrawals
- Initial small withdrawals allowed (to build trust) before blocking larger withdrawals
- Accounts being locked after attempting to withdraw larger sums
- Customer support becoming unresponsive when withdrawal issues arise
"THIS IS A 100% SCAM. They did pay for about a week... as soon as I did the 5k plan my balance dropped to -4989... the 24 hr CS bubble said that I needed to buy 2 of the 'Special' package an to just add to the account so it was not negative"
6. Technical Red Flags
- Flagged as malware/deceptive by cryptocurrency wallet extensions (OKX Wallet)
- Flagged as malware by reputable antivirus software (Avira)
- Low trust scores on multiple scam detection sites
- Suspicious review patterns on Trustpilot (4.0/5 rating despite numerous detailed negative reviews)
Scam Operation Model
Attraction Phase
Using professional website design, false claims of UK registration, and promises of extremely high returns to attract victims
Trust Building Phase
Allowing small withdrawals initially to build confidence and encourage larger deposits
Extraction Phase
Once larger deposits are made, creating barriers to withdrawals through technical "errors", requiring additional deposits, account freezing, and disappearing customer support
Evasion Phase
Using privacy protection, Cloudflare, and misappropriated company details to hide the true operators' identities