UK Investors Beware: BowMiner and 88Miner Crypto Scams Exposed!
British investors are being targeted by two fraudulent cryptocurrency platforms—BowMiner and 88Miner—that promise fake cloud mining services with guaranteed daily profits. A fresh investigation by Decripto uncovers these sites as illegal scams operating without FCA registration, no corporate transparency, and classic Ponzi scheme tactics.
How BowMiner and 88Miner Scam UK Users
These dodgy platforms, found at bowminer.com and 88miner.net, lure victims with promises including:
- Up to 10% daily returns
- Instant withdrawals (that never happen)
- £12–£15 welcome bonuses
- Contracts ‘powered’ by AI and renewable energy
But it’s all smoke and mirrors. The truth is:
- Fake dashboard figures show false “returns”
- Withdrawals are blocked unless users keep depositing
- No legitimate company address, licenses, or proof of mining operations
- Websites use hidden WHOIS info — no way to track them down
These tactics mirror previous high-profile crypto scams like NebuMine and EthminerCloud, which vanished after stealing millions from investors.
Fake UK News Articles Fuel the Scam
Dozens of bogus “news” articles styled as UK media have popped up online, embedding referral links to BowMiner and 88Miner. These pseudo-news stories pretend to be tech or investment tips and even falsely claim celebrity endorsements to reel in victims.
🔎 If you spot BowMiner or 88Miner hyped in “news” articles promising hassle-free crypto profits, treat it as fraud and report it immediately.
Blockchain Analysis Reveals Dirty Money Trails
Crypto experts traced BowMiner’s cash flows across Ethereum, Tron, Bitcoin, and Litecoin wallets, including suspicious addresses like:
- 0x4a15D0a9… (Ethereum)
- TMk6V2Xvbw3… (Tron)
- 3CH6YPaiG4U… (Bitcoin)
Funds are funnelled through Telegram-based laundering services linked by Chainalysis to organised crime and terrorist financing. One notorious wallet, TAw7QfYQeQnt1NLWPWATaaS4fy2UNYBJvo, deals with USDT laundering for criminal syndicates.
Not FCA Registered—Operating Illegally in the UK
- BowMiner and 88Miner are NOT authorised by the UK Financial Conduct Authority (FCA)
- No UK company registration or AML disclosures
- No legal protections or customer support
This means if you lose money, you have zero chance of recovering it through the Financial Ombudsman Service or FSCS.
How to Protect Yourself from Crypto Scams
- ✅ Check the FCA’s ScamSmart register before investing
- ✅ Be sceptical of “guaranteed” crypto returns
- ✅ Ignore “news” stories or social media DMs pushing investments
- ✅ Report fake platforms to Action Fraud at www.actionfraud.police.uk
Already Invested in BowMiner or 88Miner?
- Stop all payments immediately
- Keep records of all communications
- Report the scam to Action Fraud and your bank
- Warn friends and family to avoid losses
Final Warning
BowMiner and 88Miner are unlicensed Ponzi scams preying on UK investors with fake cloud mining promises. Investing means risking everything and unknowingly aiding criminal money laundering abroad. Stay sharp. Stay safe. Report suspicious activity — and don’t fall for their tricks.
