Mining Capital Coin
Rug PullFund · born 2018 · ✝ 2022
Phantom mining rigs and trading bots that never existed.
Mining Capital Coin was a mining-and-trading-bot MLM scheme marketed worldwide. In 2022 the U.S. DOJ charged CEO Luiz Capuci with a $62M global fraud, alleging the mining operations and trading bots were entirely fictitious.
- Peak
- ~$62M taken in
- Cause
- Rug Pull
- Year of death
- 2022
☠️ Cause of death
Investor money was funneled into a fraudulent MLM where the promised mining and trading-bot returns were fabricated, with no real operations behind them.
📓 Lessons left behind
- —Guaranteed returns plus referral tiers equals a Ponzi.
- —Demand proof the mining hardware actually exists.
- —Opaque 'trading bots' are a classic cover story.
🌱 The idea that survived
Verifiable proof of operations
Reinforced that yield claims must be backed by auditable, real-world operations and on-chain evidence.
#fund#ponzi#mlm#fraud