Shorta.cc Review – Is Shorta an HYP Cloud Mining Scam?

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Caution! Shorta.cc is an offshore company! Your funds may be at risk.

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Shorta.cc Key Features

🔴 Shorta.cc’s services are questionable – a warning sign!

🔴 Shorta.cc isn’t licensed – a red flag!

🔴 Shorta.cc isn’t transparent – a red flag!

🔴 Shorta.cc creates unrealistic expectations – a red flag!

Shorta.cc Products and Services

Shorta.cc allegedly aims to provide the world’s most advanced mining equipment and service carried out by their skilled and experienced team. They also claim that they are driving new standards for the mining ecosystem and data centre infrastructure facilities through strategic customers and partnerships. A perplexing introduction, we should admit – it’s literally impossible to realise what they are trying to say. However, the mining plans offered say it all – customers are promised up to 6% earnings per day, depending on the contract duration and the deposit size. Well, we guarantee that nowadays, it’s impossible to make 6% per day from mining, notwithstanding the cryptocurrency supposed to be mined – it just doesn’t happen. What’s more, Shorta.cc falsely claims that they mine Tron (TRX), a cryptocurrency using the proof-of-stake model, which is technically impossible to mine and create new units!

But the ridiculous claims aside, we should also acknowledge that Shorta.cc looks like all other HYIPs we already reviewed. These investment programs always promise highly unrealistic returns that are basically impossible to deliver in the long run, and all HYIPs are suspected scams for a reason. Shorta.cc makes no exception, so it’s recommended to remain suspicious about it!

HYIPs are unregulated investment schemes offering questionable opportunities, to put it mildly. The promised ROI (Return in Investment) is just too good to consider trustworthy- at times, customers are reassured that they can make 100% or more per day, which can’t happen in any possible way. To put it into perspective, even the largest investment funds can’t secure more than 10% per year, let alone per day or week. So, given the products and services offered, we can decisively say that the service reviewed is highly suspicious and most likely fraudulent.

With that being said, you’d better stay away and have a look at other reliable opportunities, such as Forex brokers PAMM managed accounts, social trading platforms or regulated crypto providers. For example, many crypto exchanges are presently offering BTC and ETH staking that can bring a decent passive income on reduced investment risk. But in any case, make sure to trust your money to transparent and adequately regulated financial companies because markets are currently plagued by anonymous investment schemes, most of which are pure scams.

Shorta.cc Company and Regulation

Shorta.cc is not regulated, and we doubt that it’s even a registered company. There are literally no legal entities associated with the scheme, so Shorta.cc is either totally illegal or a brand of an international company that’s impossible to access. Whatever the case, we confirm that the mining service provided is unregulated! Nevertheless, there are a few details we need to mention. Crypto mining is not a regulated activity, and everyone can mine for themselves if they want to. However, cloud mining services like Shorta.cc actually provide investment service – you deposit money, expecting returns in the future. So, with that being the case, Shorta.cc definitely needs a license, which it doesn’t have. The service is risky!

The lack of regulation implies that the people operating the scheme are not supervised while working, meaning that clients’ money will always be exposed to risks. To put things into perspective, duly licensed and adequately regulated financial firms are forced by the authorities to comply with many standards designed to guarantee customers’ safety. For instance, to obtain a license, a company must meet minimum capital requirements that vary by country and depend on product specification or other factors. The condition is set to guarantee that firms should have enough money at their disposal to survive unforeseen events, remain stable and continue operations, inflicting no harm to customers.

The US minimum capital requirement is 20 million USD, which is actually one of the biggest among all. In addition, US financial firms should also keep customers’ accounts segregated, ensuring that deposits won’t be misused or misappropriated. However, we should note that the US regulatory framework is quite complex as there isn’t a single financial authority, but many. The list includes NFA, CFTC and SEC, to name a few, and each of the mentioned control companies in one way or another. Additionally, each state usually has its own independent authority, making the US market significantly more complex than others. Regardless, the scheme reviewed isn’t regulated by any authority anywhere in the world, so make sure to avoid it as it may as well be a pure scam.

Shorta.cc Address and Contacts

The lack of transparency is startling – Shorta.cc provides absolutely no contact information whatsoever. There are no addresses, phone numbers or even e-mails disclosed, which inevitably triggers a red flag – such issues always indicate a scam. But frankly speaking, after the red flags already detected and explained in the previous sections, we never really expected to see Shorta.cc providing its actual contact information. So, needless to say, the lack of transparency just further confirms there is something wrong with this business! Beware!

Transparency is essential when it comes to investing because you should always know who is making the investment in your name and where your money really is. Legit businesses always operate transparently and are required by law to provide the public with their basic corporate information – addresses, phone numbers, e-mails, legal documentation outlining service provisions and so forth. It’s very likely that you are dealing with scammers if you cannot independently verify the contact information given, and it’s even a more treacherous sign if you come across an entity that doesn’t even provide these crucial details!

Shorta.cc Website Info

Is Shorta.cc Safe?

Shorta.cc is not safe! It’s a fishy cloud mining scheme offering unachievable returns on investment. It’s not regulated, which means that all deposits will be exposed to significant risks. You’d better avoid Shorta.cc!

Scam Warning

For various reasons, depositing with HYIPs and other unregulated investment schemes is highly not recommended. Above all, the lack of regulation strongly suggests a scam, as only regulated firms can offer investment services to the public. As you might expect, scams cannot thrive in a robust regulatory environment, where numerous customer protection rules are imposed, all of which are designed to make markets safer by actively preventing fraud.

Authorisation by regulators is only granted if the firm meets the standards governing how the entities should treat you as a customer and what kind of information they should provide. Each country’s regulator keeps a register of licensed firms and the products and services each licensee is permitted to offer. Unauthorised firms, on the other hand, seek to avoid the controls that legal, authorised entities are subject to, thus leaving investors unprotected. Scammers, of course, want customers to be completely unprotected, which significantly facilitates fraud, and that’s why they always work without a license.

The HYIPs, in particular, are usually operated as a Ponzi because many investors can withdraw initially, but sooner or later, the service will inevitably close. HYIPs usually target traders and investors with little or no experience by promising fictitious investment opportunities, allegedly delivering unrealistically lucrative gains. 10% or 100% per day certainly isn’t a legit offer – that’s a scam, and you’d better stay far away from entities promising get-rich-quick schemes.