By the looks of things, Bitcoin and altcoins ponzi site CryptoDouble has been taken offline and will not be returning anytime soon. Even though we have warned people a few times on this website and through other means to not invest into this ponzi scheme, there is still a lot of outrage in the general cryptocurrency community. What did you expect?
So far, we have seen several possible explanations for the CryptoDouble website shutdown. The main reason is of course, greed, as a lot of people kept investing their funds to a random stranger who may or may not pay out, depending on his mood. If you managed to take a look at how many was invested over the past few days, you’d be ashamed to be part of the cryptocurrency community by now.
However, there are other possible scenarios as well. According to several users on BitcoinTalk, CloudFlare (taking care of DDoS protection) as well as the actual web host for the site had received a ton of complaints from people about this ponzi scheme. Apparently, the hosting company has shut down the server hosting the website. And CloudFlare wasn’t too keen on providing DDoS protection for a obvious ponzi scheme either.
Or maybe, just maybe, some people maliciously attacked the website and DDoSed the crap out of it soon after CloudFlare removed their “protection” from the domain. As you would come to expect, many people will try to take credit for CryptoDouble going offline over the next few days, but take those reports with a grain of salt.
Regardless of how it happened, it won’t change the fact that CryptoDouble will not come online again, and that any pending investments are lost. Considering this ponzi scheme stuck around for nearly a full month, many people expected it to be around for a few more days. It turns out that was just idle hope, but once again, what did you expect?
According to several “internet sherlock holmes-esque detectives”, a total of 974 Bitcoin is sitting in one of the wallets belonging to the CryptoDouble owner. And by the looks of things, the funds has been sent to a BTC-E deposit address, waiting to be cashed out in the near future. Whether or not any of the “findings” are valid remains to be seen of course.
Lesson learned for all : neer invest on ponzi/HYIP schemes, even if they only just launched. Never invest money you can not afford to lose. And most importantly, don’t come crying if things go sour, because all the warning signs were clearly visible.
Source : https://bitcointalk.org/index.php?topic=900132.1520