Mutual Hash Review – ICO SCAM Warning!
Mutual Hash (aka MH Cloud LTD) presents itself as an “automated miner” software, specializing in mining cryptocurrencies. Investors are offered extremely high returns of 12% increments each day, which is far beyond unrealistic. The following review is an important discussion about Mutual Hash. But most importantly explain it for being a Scam, and why we don’t trust it.
ICOs like Mutual Hash are appearing all over the internet. Many of which are fraudulent programs promising traders larger returns, yet never pay. While investigating MutualHash.com, we found several scamming factors indicating unsafe practices.
In addition to the typical promises of large profit gains, its come to our attention Mutual Hash is also a Ponzi scheme. In other words, they offer affiliated programs to gather as many victims before shutting down.
So before you waste your in another fraudulent cryptocurrency gimmick, read our review. Learn about some alarming details we uncovered these scammers don’t want anyone to know. Mutual Hash is not what it seems.
Mutual Hash Review – Another Crypto Scam
Lets elaborate exactly what we’re dealing with. Mutual Hash is an ICO, meaning Initial Coin Offering. Basically what this means is you invest a certain amount of money with them. And in return, the ‘mine’ cryptocurrencies like Bitcoin and other altcoins for you.
Sounds very simple and straightforward, however Mutual Hash isn’t that simple….nor are they honest.
Their advertised returns are substantially high, ranging between 10% – 12% per day. If you do the math currently with the current value of bitcoin today ($8200), they’re basically saying you’re guaranteed nearly $1000 everyday. However its highly impossible and unethical to promise investors a fixed rate of profits. This is far beyond what most legitimate sites offer. And impossible to deliver on a consistent basis as they ‘promise’.
Allow me to clarify such massive wealth claims presented by Mutual Hash (and many frauds like it) are known as ‘door busters’, used to catch your attention and fool you into believing you can become rich very quickly without any effort.
In these situations, I’d like you to ask yourself this simple questions: “if an ICO such as Mutual Hash LTD can really generate ‘guaranteed’ & consistent $1000 payouts so easily absent risk as they claim, you honesty believe such programs would be spreading throughout the internet?”. Absolutely not!
Speculations are one thing, but its vital we dig deeper into this corrupt scam. Lets review the specifics of their illegitimate methods for manipulating beginners.
Mutual Hash LTD Illegal? (Unlicensed)
Because Mutual Hash represents itself as an ICO investment firm (MH Cloud LTD), requiring members to invest “x” amounts of money for promised “y” returns. By law they must operate under the conditions of proper License and Regulation.
While trying to validate their operations, our team simply could not verify any certificates confirming any licenses in which Mutual Hash should be mandated to hold.
On their platform, there’s a section stating their ‘legally registered’ in the United Kingdom. Unfortunately the link they’ve provided does NOT redirect to any LEGAL validations.
We’ve confirmed through the Financial Conduct Authorities (FCA) MH Cloud LTD isn’t licensed. Thereby they are trading and investing for its members illegally.
Who’s behind Mutual Hash?
I like calling these type of people “faceless scammers”. Because in all honesty we have no idea who’s behind this Mutual Hash app. They promise traders crypto investment solutions, but who are they?
If you step back for a moment, you’ll realize the entirety of this Mutual Hash program contains no useful directories. No Direct contact information. Nothing of which discloses any developers, founders or CEOs. They say Mutual Hash LTD consists of teams of experts and entrepreneurs with years of cryptomining experience. But that’s all!
Why don’t they disclose their identity so investors can feel comfortable knowing whom they’re dealing with?
Almost every scam you can imagine either creates fake aliases or keeps quiet altogether in efforts to maintain anonymous as these criminals profit from your losses. Not once throughout Mutual Hash are visitors provided any valid information for giving an understanding regarding its creators. Zero Names given.
Remember transparency is important when you’re about to “invest” your money. Traders should fee comfortable & safe in their decisions. Yet the level of mysteriousness surrounding Mutual Hash simply beckons more suspicions rather than approval.
Fake Mutual Hash Results
As we briefly mentioned before, Mutual Hash makes some of the worst bold statements in regards to astronomical profits & returns. Imagine Mutual Hash delivering 10-% – 12% everyday on your initial investment? That’s almost $1000 daily profits?! Its impressive, but highly unlikely.
Don’t forget the value of bitcoin, ethereum & other Altcoins are constantly moving up and down due to constant market movements. These scammers ‘guarantee’ consistent returns of high amounts. However these promises are unrealistic because of never-ending market fluctuations.
The value of Cryptos can rise one day, drop dramatically the next. Just this past month alone, Bitcoin has lost and regained half its value instantly, and is now back on a bull rise. Therefore the promises of steady daily/weekly returns from Bit Together are highly unlikely.
To this day we’re trying to find any happy members pleased with MD Cloud LTD services. So far the number of people who joined Mutual Hash Pays are NOT satisfied.
Mutual Hash Ponzi Scam Revealed
There’s more than beyond phony claims and unregistered companies happening throughout the Mutual Hash Scam. Like most fraudulent investments, their main goal is to accumulate as much money from registrations possible, then run away with at your expense.
Mutual Hash also contains an affiliated program where traders can refer other people to join. In return, you will receive a percentage from their deposits. Their system is set up with different entry levels and downlines, which basically shares similar characteristics of the Pyramid/Ponzi Scheme.
In other words, these crooks do NOT mine any bitcoins or other crypto currencies. Instead these scam-artists profit from your deposits, & promote their services in the form of affiliations to gather more victims. Allowing them to profit from your losses.
Still want to join Mutual Hash?
The main reason why we’re debunking this rotten ICO scam is because of trader feedback. As we’ve already covered earlier, their claims unreachable. But worse, traders are NOT begin paid their dues.
That’s right folks, this unlicensed fraud known as Mutual Hash has reportedly been refusing to pay various members their obliged withdrawals. Many cases of these withdrawal payments being denied, pending statuses or ignoring requests entirely are becoming known more & more. While there are many traders who are being paid, there are many others reporting how MutualHash.com refuses to honor their due payments.
Sadly, these traders have been victimized by this bogus Bitcoin system, informing us how Mutual Hash doesn’t not provide quality services. They are literally stealing member’s money and filling their own pockets.
This reason alone is more than enough cause which motivated us to warn others about this damaging software. Hopefully today’s Mutual Hash Review will help prevent further losses from innocent investors.
Mutual Hash Review – Summary & Helpful Tips
Finalized Review Point: There’s nothing about Mutual Hash I’m comfortable with. Everything about this crypto app points in the direction of a losing Scam. Have you traded with them? Did you profit or lose money? We want to know!
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We thank our readers for taking time in reading our indisputable & honest Mutual Hash Review. Hope it helps others from falling for this shady scam. Please comment below by sharing any feedback, input and dealings you might have with this faulty Mutual Hash ICO App.
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