• Latest
  • All
  • How To
Is AG bitcoin miner real in kenya?

AG Bitcoin Miner: The Latest Crypto Scam to Watch Out For

September 15, 2023
Voter Verification Portal Offline Indefinitely for System Maintenance

IEBC Portal Shutdown for Undisclosed Maintenance Period

July 6, 2025
Infinix Note 50 Pro x Java House Collab

Infinix Teams Up with Java House to Launch Note 50 Pro Series

July 4, 2025
Instagram threads

Instagram Threads Rolls Out Direct Messaging in Major Feature Update

July 4, 2025
Infinix Hot 60i Pre-order

Infinix Hot 60i Now Available for Pre-Order in Kenya

July 4, 2025
DHgate Tablet Cases deals
Windows

Microsoft’s Windows Usage Slumps as Macs, Linux, and Mobile Take Over

July 4, 2025
Microsoft

Microsoft Slashes 9,100 Jobs in Biggest Layoffs Since 2023

July 4, 2025
NASA

NASA Brings Space Missions to Netflix at No Extra Cost

July 3, 2025
ios 26-facetime

iOS 26 May Pause Video if You Start Undressing on FaceTime

July 3, 2025
apple iphone foldable

Apple Begins Testing Its First Foldable iPhone

July 3, 2025
Mobile Data

Kenya Draws More Tourists as Mobile Data Roaming Soars

July 3, 2025
Axian Telecom Considers Full Acquisition of Jumia

Axian Telecom Is Plotting a Full Buyout of Jumia

July 3, 2025
Cable TV

Kenya’s Cable TV Market Rebounds with 31.5% Growth

July 3, 2025
Techweez | Tech News, Reviews, Deals, Tips and How To
  • News
  • Entertainment
  • Reviews
  • Features
  • Editorial
No Result
View All Result
Techweez | Tech News, Reviews, Deals, Tips and How To
  • News
  • Entertainment
  • Reviews
  • Features
  • Editorial
No Result
View All Result
Techweez | Tech News, Reviews, Deals, Tips and How To
No Result
View All Result

AG Bitcoin Miner: The Latest Crypto Scam to Watch Out For

Justus Kiprono by Justus Kiprono
September 15, 2023
in News
Reading Time: 3 mins read
286
0
Is AG bitcoin miner real in kenya?

On a high vantage point with new lenses, it is seen. But when you are so close, too far, or even at a midpoint, it’s blurry and confusing. Too bad for most people who are driven to financial problems as life-changing sums are lost to elaborate crypto scams every day.

Kenya’s crypto market lacks clear rules for consumer protection, and as the uncertainty about the future of digital currency in the country persists, cryptocurrency traders and investors are exposed to systemic risks; the main and the most painful one is the outright loss of investment in high-profile disasters.

Well, the most recent crypto financial scam to be flagged is BTCM, a fake Bitcoin mining company that defrauded unsuspecting victims, taking big cash of unknown value because little has been done by the authorities. But what do you expect when the Central Bank of Kenya (CBK) already issued a warning in 2015?

“Virtual currencies such as Bitcoin are not legal tender in Kenya, and therefore no protection exists in the event that the platform that exchanges or holds the virtual currency fails or goes out of business,” the public notice reads in part.

Now, the same crypto criminals are back in the lawless, fertile country of similar scams but under a new name, AG Bitcoin Miners. They retained their work of running a fictitious Bitcoin mining firm and the rates they offered to those wishing to get rich quickly.

Just like BTCM, AG Bitcoin Miners says they are on a poverty alleviation mission in Kenya, and on its listed offers, those who will be taken for a ride and pay Ksh1,000 will expect to receive Ksh1,880 at the end of 47 days, Ksh4,500 will be Ksh9,108 in a 46-day cycle, investors of Ksh13,000 will hopelessly get Ksh28,080 in 45 days up to the highest scam victim who will pay Ksh60,000 and wait in vain for Ksh149,640 at the end of 44 days.

The prospected earnings are reportedly paid out daily and start from Ksh40 to Ksh3,480, depending on the invested amount and referrals. It is exactly like BTCM, paying out lucrative interest rates of 188% to 249%.

That is not the only red flag. AG Bitcoin Miners has a secret website that is not traceable on Google. The cons and victims looking for people to refer mostly use WhatsApp with international phone numbers, and when they are grooming their next target, they present a make big money fast opportunity, claiming that AG is such a big crypto dealer listed in a certain stock exchange I don’t know where.

The unalerted Kenyans are then supplied with company registration documents with the owner’s name displayed as Mathew Shaw, a very famous successful businessman, according to AG Bitcoin Miners fraudsters, but he is not on any social media platforms, and Google has never heard of such a name.

Despite the victims getting lured with photos of employees at work, busy mining Bitcoin, this company has no LinkedIn page when large companies like that often hunt for workers in a broad market for competitiveness and to meet demand.

The photos, also put as testimonials on the website of AG Bitcoin Miners scam company, are the same pictures supposedly of a competitor, a London-based real crypto miner Argo Blockchain when it was opening its facility in Dickens County, Texas. They are posted on the Texas Tribune.

bitcoin scams 2023

These are the telltale signs that AG Bitcoin is a fake crypto mining platform. Additionally, this company, which at the time of reporting was not yet available on specific word searches on social networks like X (to mean none has ever talked about), made over Ksh8 billion in 2021, as per phony financial statements on its web page.

Beware! AG Bitcoin Miners is not legit.

SendShare162Tweet101
Justus Kiprono

Justus Kiprono

Justus Kiprono Is a Journalist in Kenya. He reports and writes about business, technology, immigration, and Guides.

Related Posts

Voter Verification Portal Offline Indefinitely for System Maintenance

IEBC Portal Shutdown for Undisclosed Maintenance Period

July 6, 2025
Infinix Note 50 Pro x Java House Collab

Infinix Teams Up with Java House to Launch Note 50 Pro Series

July 4, 2025
Instagram threads

Instagram Threads Rolls Out Direct Messaging in Major Feature Update

July 4, 2025
Infinix Hot 60i Pre-order

Infinix Hot 60i Now Available for Pre-Order in Kenya

July 4, 2025
Windows

Microsoft’s Windows Usage Slumps as Macs, Linux, and Mobile Take Over

July 4, 2025
Microsoft

Microsoft Slashes 9,100 Jobs in Biggest Layoffs Since 2023

July 4, 2025

Latest

Voter Verification Portal Offline Indefinitely for System Maintenance

IEBC Portal Shutdown for Undisclosed Maintenance Period

July 6, 2025
Infinix Note 50 Pro x Java House Collab

Infinix Teams Up with Java House to Launch Note 50 Pro Series

July 4, 2025
Instagram threads

Instagram Threads Rolls Out Direct Messaging in Major Feature Update

July 4, 2025
Infinix Hot 60i Pre-order

Infinix Hot 60i Now Available for Pre-Order in Kenya

July 4, 2025
Windows

Microsoft’s Windows Usage Slumps as Macs, Linux, and Mobile Take Over

July 4, 2025
Microsoft

Microsoft Slashes 9,100 Jobs in Biggest Layoffs Since 2023

July 4, 2025

Best devices

budget smartwatches 2025

Best Budget Smartwatches To Buy in Kenya 2025

February 13, 2025

Best Infinix Smartphones To Buy in Kenya 2024

February 13, 2025

Best Laptops for Battery Life in 2024

August 21, 2024

Best “Battery Warrior” Smartphones To Buy in 2024

August 22, 2024

IEBC Portal Shutdown for Undisclosed Maintenance Period

July 6, 2025

Infinix Teams Up with Java House to Launch Note 50 Pro Series

July 4, 2025

Techweez is a fast growing influential source of technology news, reviews and analysis by leading tech geeks in the industry.

Follow Us

Editorials

Abductions and Arrests! Kenyan Government’s Fear and Hate of X Users Makes No Sense

Actors and Film Crews Are Worried About Veo 3 Taking Their Jobs

Samsung QLED TVs Now Officially Certified for Real Quantum Dot Technology

Trump’s Tariffs Will Be the End of Affordable Tech

5 Ways to Prep Your Tech for Resale

The Weaponization of PDFs: How Cybercriminals Are Exploiting a Trusted Format

More News

NASA Brings Space Missions to Netflix at No Extra Cost

iOS 26 May Pause Video if You Start Undressing on FaceTime

Apple Begins Testing Its First Foldable iPhone

Kenya Draws More Tourists as Mobile Data Roaming Soars

Axian Telecom Is Plotting a Full Buyout of Jumia

Kenya’s Cable TV Market Rebounds with 31.5% Growth

  • Terms Of Use
  • Techweez Brand
  • Privacy & Policy
  • Contact Us

© 2024 Techweez - Palahala Media Group may earn a commission when you buy through links on our sites.
A Palahala Media Group Brand. All rights reserved.
.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Techweez | Tech News, Reviews, Deals, Tips and How To
Crunchy Cookies 🍪 Ahead!

Hey there! Just a heads-up: we're big fans of cookies - both the digital and edible kind! 🍪 We use our cookies and some from third parties to ensure your browsing experience on our site is smooth sailing and secure.

 

But wait, there's more! We also use cookies to gather stats and insights on how you navigate our site. It's like getting a behind-the-scenes peek at your digital adventures!

 

Don't worry, you're in control. You can adjust your cookie settings anytime to suit your preferences. Feeling curious? Dive into our Privacy Policy for all the juicy details. Happy browsing! 🚀

Functional Always active
Listen, this legal stuff is about as exciting as watching paint dry. But it basically says we only use your stuff for what you asked us to do, and nobody else gets to peek!
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
It's those sneaky cookie crumbs websites leave behind to count visitors, like counting ants at a picnic! Totally harmless, just for fun facts. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
Hey there! Just letting you know we use some fancy gizmos to remember your preferences. This way, we can show you ads that are, well, not completely bananas.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
Make cookies
{title} {title} {title}
Techweez | Tech News, Reviews, Deals, Tips and How To
Crunchy Cookies 🍪 Ahead!
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
Listen, this legal stuff is about as exciting as watching paint dry. But it basically says we only use your stuff for what you asked us to do, and nobody else gets to peek!
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
It's those sneaky cookie crumbs websites leave behind to count visitors, like counting ants at a picnic! Totally harmless, just for fun facts. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
Hey there! Just letting you know we use some fancy gizmos to remember your preferences. This way, we can show you ads that are, well, not completely bananas.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
Make cookies
{title} {title} {title}
No Result
View All Result
  • News
  • Reviews
  • Features
  • Editorial
  • Automotive
  • Entertainment

© 2024 Techweez - Palahala Media Group may earn a commission when you buy through links on our sites.
A Palahala Media Group Brand. All rights reserved.
.