Tori Coin is a cloud mining platform that claims to offer high returns on investment. However, there are a number of red flags that suggest that Tori Coin is a scam.
In this article, we will take a closer look at Tori Coin and explain why it is likely a scam. We will also provide tips on how to avoid being scammed by cloud mining platforms.
Company Overview
Tori Coin was founded in 2022 by an anonymous team. The company’s website does not provide any information about its founders or team members.
Tori Coin offers a variety of cloud mining plans, starting at $100. The company claims that investors can earn up to 200% ROI on their investment.
However, there is no evidence to support these claims. In fact, there are a number of red flags that suggest that Tori Coin is a scam.
Team
The lack of transparency about the company’s team is a major red flag. Legitimate cloud mining platforms should be transparent about their team members and their qualifications.
Services or Products
Tori Coin’s cloud mining services are also suspicious. The company claims to have a fleet of mining machines, but it does not provide any information about these machines.
There is also no way to verify that Tori Coin is actually using these machines to mine cryptocurrency.
License and Regulations
Tori Coin is not licensed or regulated by any financial authority. This is a major red flag, as it means that there is no one to protect investors if the company goes rogue.
Why Dealing With An Unlicensed Broker Is Risky?
Investing with an unlicensed broker is incredibly risky. These brokers are not subject to the same regulations as legitimate brokers, which means that they can get away with more.
For example, unlicensed brokers may engage in fraudulent activities, such as front-running or wash trading. They may also use your funds for their own personal use.
Legal Warning Against Tori Coin
The Australian Securities and Investments Commission (ASIC) has warned investors about Tori Coin. The ASIC has stated that Tori Coin is a scam and that investors should avoid it.
You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.
Client Feedback
There are a number of complaints about Tori Coin online. Some investors have claimed that they have not received their promised returns, while others have said that they have been unable to withdraw their funds.
Feedback About Their Trading
The trading platform offered by Tori Coin is also suspicious. The platform is not user-friendly and it is difficult to make trades.
There are also a number of reports of technical problems with the platform.
Feedback About Their Customer Service
Customer service at Tori Coin is non-existent. Investors who have tried to contact customer service have been met with silence.
How Can “Reviews Advice” Help You If You Get Scammed?
If you have been scammed by Tori Coin or another cloud mining platform, there are a few things you can do.
First, you should report the scam to the relevant authorities. In Australia, you can do this by contacting the ASIC.
You should also try to recover your funds. This may be difficult, but there are a number of companies that specialize in recovering scammed funds.
Finally, you should contact us if you need an instant solution. Our experts will analyze the case and will provide you with a free consultation to provide you with professional guidance and recovery service recommendations to recover the lost funds.
Final Thought
Tori Coin is a scam. There is no evidence to support the company’s claims and there are a number of red flags that suggest that it is a fraudulent operation.
If you are considering investing with Tori Coin, we urge you to reconsider. There are many legitimate cloud mining platforms available, so there is no need to risk your money with a scam.
