BSVCLOUD.COM INVESTIGATION REPORT

EXECUTIVE SUMMARY

This investigation into bsvcloud.com has uncovered substantial evidence that it is a fraudulent cryptocurrency investment platform operating as a scam. The site exhibits numerous red flags typical of cryptocurrency investment scams, including false claims about company history, unrealistic investment returns, withdrawal issues, and potential identity theft of a legitimate UK company.

Based on comprehensive evidence gathered from multiple sources, we conclude with high confidence that bsvcloud.com is designed to defraud investors of their cryptocurrency. Recovery of funds may be challenging, but this report outlines several potential approaches that could be pursued.

INVESTIGATION METHODOLOGY

This investigation employed a multi-faceted approach to gather and analyze information:

1. Website Analysis: Examination of bsvcloud.com content, claims, and investment offerings
2. Domain Research: Investigation of domain registration details and history
3. Company Verification: Searches through official UK company registries
4. User Experience Analysis: Review of customer complaints and testimonials
5. Cross-Reference Verification: Comparison of claims against verifiable facts

KEY FINDINGS

1. False Company Claims

Bsvcloud.com presents itself as a legitimate cryptocurrency cloud mining company with the following claims:

• "Established in 2017" and "a pioneer in cryptocurrency cloud mining"
• Currently running an "8 YEARS Anniversary SALE" (implying founding in 2017)
• Based in the UK and "registered and operating under UK regulations"
• Located at "Unit 25 Sarum Complex, 1st Floor, Salisbury Road, Uxbridge, England, UB8 2RZ"

Contradictory Evidence:

• Domain bsvcloud.com was only registered on December 21, 2018 (not 2017)
• No company registered as "BSVCloud" or "BSV Cloud" exists in the UK Companies House database
• The website has no regulatory authorization from the UK Financial Conduct Authority (FCA)
• The Wayback Machine shows no archived content for bsvcloud.com before 2024, suggesting recent activation

2. Suspicious Domain Information

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"
• No connection to cryptocurrency or financial services

This suggests the scammers are fraudulently using a legitimate company's address to appear credible, potentially making BSV LTD and its director victims of identity theft.

4. Unrealistic Investment Returns

Bsvcloud.com offers investment plans with mathematically impossible returns for legitimate mining operations:

Example Plans:

• Special Offer Plan #5000: $5,000 → $5,400 in 1 day (8% daily return)
• Special Offer Plan #10000: $10,000 → $11,000 in 1 day (10% daily return)
• Ultimate Mining Plan #0988: $120,000 → $148,800 in 3 days (24% total return)

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

Specific User Testimonials:

• "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"
• "User feedback about BsvCloud is alarmingly negative on scam report platforms, with several people claiming they lost money"
• "Customers have reported withdrawal issues with BsvCloud, indicating potential liquidity or operational problems"

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

Based on the evidence, bsvcloud.com appears to be operating a classic cryptocurrency investment scam with these phases:

1. Attraction Phase: Using professional website design, false claims of UK registration, and promises of extremely high returns to attract victims
2. Trust Building Phase: Allowing small withdrawals initially to build confidence and encourage larger deposits
3. Extraction Phase: Once larger deposits are made, creating barriers to withdrawals through:
   • Technical "errors"
   • Requiring additional deposits to "unlock" funds
   • Account freezing
   • Disappearing customer support
4. Evasion Phase: Using privacy protection, Cloudflare, and misappropriated company details to hide the true operators' identities

RECOVERY OPTIONS

Legal Options

1. Report to Financial Authorities:
   • Financial Conduct Authority (FCA) in the UK: https://www.fca.org.uk/consumers/report-scam-us
   • Securities and Exchange Commission (SEC) in the US: https://www.sec.gov/tcr
   • Internet Crime Complaint Center (IC3): https://www.ic3.gov
   • Europol (for EU residents): https://www.europol.europa.eu/report-a-crime
2. File Police Reports:
   • Report to local police with all transaction evidence
   • Contact Action Fraud in the UK: https://www.actionfraud.police.uk/
   • File reports with national cybercrime units
3. Legal Action:
   • Consult with attorneys specializing in cryptocurrency fraud
   • Consider joining forces with other victims for potential class action
   • Document all communications and transactions meticulously

Technical Recovery Possibilities

1. Blockchain Analysis:
   • If you transferred cryptocurrency, track transactions on blockchain explorers
   • Identify destination wallets and exchanges
   • Report to exchanges if funds were transferred there
   • Consider specialized blockchain forensics services
2. Payment Reversals:
   • If deposits were made via credit card, contact card issuer for chargebacks
   • Provide evidence of fraudulent activity
   • Act quickly as chargeback windows are typically 60-120 days

Warning About Recovery Services

While several companies claim to help recover funds from cryptocurrency scams, caution is advised:

• Many recovery services are themselves scams ("recovery scams")
• Legitimate services cannot guarantee recovery
• Be wary of upfront fees or guarantees of recovery

CONCLUSION

Based on the comprehensive evidence gathered, bsvcloud.com demonstrates all the characteristics of a sophisticated cryptocurrency investment scam. The operators have gone to considerable lengths to appear legitimate, including misappropriating a real UK company's address and creating a professional-looking website.

The combination of unrealistic returns, false company claims, domain registration inconsistencies, and numerous user complaints about withdrawal issues provides overwhelming evidence that this is a fraudulent operation designed to steal cryptocurrency from investors.

Recovery of funds may be challenging, but reporting to authorities and pursuing legal options provides the best chance of potential recovery and helps prevent others from falling victim to the same scam.

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.

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APPENDIX: EVIDENCE SOURCES

1. Website content analysis of bsvcloud.com
2. ICANN WHOIS domain registration data
3. UK Companies House records
4. Trustpilot reviews
5. Reddit discussions (r/cloudmining)
6. Scam detection sites (ScamAdviser, AlertoPedia, StaySafeReviews)
7. User complaints and testimonials
8. Blockchain wallet warnings (OKX Wallet)
9. Antivirus detections (Avira)