Investment sites dealing with cryptocurrency deposits will usually run off with people’s money rather quickly. Bustafunds is one of those scam sites, as there are plenty of warning sites indicating investors will never see their money again. In fact, the site template even refers to a different scam site, which is probably run by the same people.
Is This Bustafunds Or Visual HYIP?
Things get confusing right away when looking at the Bustafunds website. One of the first things people will notice is the reference made to Visual HYIP, a Bitcoin-related investment site that scams users out of their money without remorse. However, when scrolling down, the site owner is suddenly talking about, this is Bustafunds after all. A strange tactic that displays the sheer lack of professionalism.
As one would expect, sites such as Bustafunds offer different investment platforms. Plans start as low as US$3, and hourly returns vary between 4% and 20%. Hourly returns are always dodgy, though, as they tend to dry up well before the original investment amount is repaid. The company provides no legitimate proof of payouts, and it is likely no one will ever see any money.
Bustafunds is one of these Ponzi Schemes that accepts multiple payment options. Bitcoin is accepted, of course, but the company also deals with Perfect Money and Payeer. This is another indication of why this site needs to be avoided, as the warnings of this being a Ponzi Scheme are becoming more apparent every minute.
Looking at the company’s FAQ section, one does not become much wiser as to how this company expects to make money. In fact, Bustafunds even portrays itself as a HYIP site, which means a lot of people will lose hard earned money if they invest in the program. Moreover, the site does not offer instant withdrawals, which is another warning sign.
Bustafunds also claims the team behind it is considered to be “a leader in cryptocurrency investments.” This typical wording is found on nearly every Ponzi Scheme platform dealing with Bitcoin and other cryptocurrencies these days. Rest assured there is no “expert” involved in this scheme. Interestingly enough, the About Us page has mentioned 2% daily returns for 90 days, whereas the investment plans are very different.
Last but not least, the Bustafunds domain name was registered on January 5th of 2017. This indicates the Ponzi Scheme has been around for a maximum of three days. It seems evident they will not be around much longer. Moreover, the domain registrant information seems utterly fake, which may indicate the domain name is purchased with stolen credit card information.
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