We’d like to begin (once again) by thanking our readers and whistleblowers for their continued support. As previously mentioned on our site, we have launched an investigation into Cointed due to growing rumors about issues with payouts and customer support. Several whistleblowers have reported that, on January 26, 2018, Cointed (specifically Mr. Orlov) informed them via email that the mining servers would be shut down for 3 to 4 weeks, meaning no payouts would be made during that time.
We’ve heard from a mining investor that, despite this notice, the Cointed mining servers appear to still be offline, and weekly payouts have not been made to investors. We reached out to Cointed for clarification, but our inquiry remains unanswered.
As we reported earlier, Cointed’s crypto-mining operations have raised questions, especially considering that it seems the actual mining business is controlled by a different company—Crypto Unity OG (read this post). Furthermore, the Cointed website no longer lists the mining business, instead indicating that it will be launched at a later date (Q1 2018). Meanwhile, customers were able to purchase mining packages through Crypto Unity OG’s site (www.cryptounity.at) until recently, but that website has now been taken offline.
So, the question remains: who is actually running the Cointed mining business? With so many unanswered questions, red flags are piling up for investors. We will continue to investigate this situation.