TetherScan has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Br-usdt.com. We’ve received over 4 complaints against TetherScan.
TetherScan, which lacks transparency in ownership and leadership, is purportedly led by “Lu Shengli,” who is also portrayed as USDTScan’s CEO in promotional materials. Tetherscan.org and usdtscan.com were both privately registered domains, with TetherScan’s site matching USDTScan’s but removing certain Ukrainian terms from its code. This pattern, typical of “Boris CEO” schemes, indicates a fraudulent organization that uses repeated content to appear authentic.
Get Your Money Back From These Scammers!
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Key Takeaways
Is TetherScan Regulated? Do They Have a License?
TetherScan, a corporation that lacks clarity about ownership and executive information on its website, is supposedly led by “Lu Shengli,” a name that appears prominently in its marketing materials. Lu Shengli’s name and true position remain unknown, as he is also portrayed as the CEO of USDTScan, a similar firm, in promotional videos.
TetherScan’s domain, “tetherscan.org,” was privately registered on December 31, 2023. Similarly, USDTScan’s domain name “usdtscan.com” was registered privately in October 2022. Notably, TetherScan’s website looks to be a straight clone of USDTScan’s website, albeit some components, such as specific Ukrainian terms contained in USDTScan’s source code, have been removed from TetherScan.
The setting suggests that USDTScan was the forerunner of TetherScan, with the latter evidently repurposing marketing materials from its predecessor. This tendency, combined with the lack of verifiable executive information, is consistent with tactics usually found in “Boris CEO” schemes—fraudulent organizations that use bogus executives, often represented by Russian or Ukrainian actors, to provide the appearance of credibility.
The lack of regulation or the presence of poor regulation is a huge red flag. It means TetherScan is a scam and most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of TetherScan, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at TetherScan
TetherScan has no retail items or services and focuses primarily on affiliate membership. The remuneration consists of investments in tether (USDT) with promises of passive returns over a variety of terms and thresholds, ranging from 0.04% per day to 1.15% per day, depending on the amount invested.
Additional investment opportunities in cryptocurrencies such as Ethereum, Bitcoin, and Binance Coin are being promoted, with varied terms for fixed and flexible investment plans.
Affiliate ranks and incentives
The MLM structure is divided into fifteen affiliate ranks, each with its own investment and recruitment criteria. The ranks vary from basic Affiliate to Blue Star, with increasing requirements and potential revenue. TetherScan also rewards affiliates with rank accomplishment incentives, which are huge one-time payments when affiliates progress through the ranks, from 50 USDT at 1 Star to 250,000 USDT at Blue Star.
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, the scammers stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
If you want to get your money back from a scammer, you’d need to file a chargeback.
TetherScan Customer Service: Do They Handle Complaints Well?
When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, scammers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Scammers understand that to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, customer support won’t resolve your issues and become increasingly unavailable.
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TetherScan Reviews: What Do Others Say?
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Scammers like TetherScan tend to purchase fake reviews for their online profiles to make themselves seem more credible.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust TetherScan reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of TetherScan, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like TetherScan enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “TetherScan reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising TetherScan.
You should always look out for consumer complaints. In the case of TetherScan, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about TetherScan? You can share your complaint in the comment section or submit an anonymous tip.
Is TetherScan Legit Or a Scam?
TetherScan follows a standard Ponzi scheme, paying existing members with fresh contributions disguised as “staking” in “liquidity pools”—a prevalent but ambiguous word in the crypto field that does not specify how external money is created.
Such scams always fail when new investments stop, resulting in the majority of participants losing money. Potential investors should carefully assess the substantial risks associated with MLM schemes that lack transparency and rely primarily on new recruits for rewards.
TetherScan is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind TetherScan can run away with your money without any prior notice. It would help if you were extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust TetherScan?
All the evidence suggests that TetherScan is a scam. If you have lost money to them, there is still a chance you can get it back.
To recover your funds, you’d need to file a chargeback.
Frequently Asked Questions
Is TetherScan a scam?
Can I withdraw money from TetherScan?
Where is TetherScan Located?
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How The TetherScan Online Scam Works
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
