Eclipse Earn is a fraudulent cryptocurrency investment and trading platform that has been stealing victims of their hard-earned funds with elaborate scams. This scam website claims to enable customers to make money trading cryptocurrencies and generate amazing returns on investment. But, beneath the pretense is a brutal criminal enterprise created to steal money from victims who are not aware of it.
This thorough guide provides an in-depth look at the way that it works, how the Eclipse Earn scam works, ways to recognize dangers and what you can do should anyone you’re familiar with has become a victim.
Overview of the Eclipse Earn Scam
Eclipse Earn is a scam site that claims its users will earn significant profit by trading digital assets such as Bitcoin, Ethereum, and Litecoin. But, beneath the glitzy website and inflated claims is an elaborate scam that aims to extort the money of innocent victims.
Eclipse Earn’s Eclipse Earn platform appears legitimate initially. Its website displays graphs and charts showing that users earn high returns in crypto investments and trades. However, many users report having difficulty withdrawing money from the website.
When trying to withdraw cash, customers are met in a series of excuses. Eclipse Earn support staff may declare that there are account verification issues, that withdrawals pending are processed in a short time or that additional funds must be deposited before withdrawals can be processed.
In real life, Eclipse Earn is a fraud, that has no intention of letting customers take money out. The dazzling website metrics are fake and the funds that are deposited are taken.
The Eclipse Earn scam predominantly targets the victims via social media advertisements and scammers who impersonate cryptocurrency investors. Scammers go to extraordinary efforts to appear authentic, by sharing fake customer testimonials and profit reports. But, beware! Eclipse Earn is a scam by and large.
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How the Eclipse Earn Crypto Scam Works
Step 1. Luring Victims With Social Media and Direct Approaches
One of the first steps for Eclipse Earn is getting potential clients to their site. They do this by a variety of ways:
Facebook, Instagram, and TikTok advertisements – Eclipse Earn runs slick ads on these platforms, usually employing fake accounts of users. The ads boast impressive earnings from investing and trading in crypto.
Direct outreach Direct outreach Scammers find targets who are active in the cryptocurrency space on messaging and social media platforms. They contact them directly, by claiming to be successful cryptocurrency traders, attempting to “help” the target invest using Eclipse Earn.
Referrals – Victims who are already victims are encouraged to recommend to family and friends in exchange for small cash rewards.
The scam of pig butchering crosses over Scammers make use of this “pig butchering” scam to establish relationships prior to the introduction of Eclipse Earn as an investment opportunity.
The aim of these tactics is to get people to visit the Eclipse Earn website and signing up to create an account.
Step 2. Fabricated Metrics and Trade Records
After logging on to the site visitors can view stunning statistical charts and data that indicate the trades that have huge profit. They include:
Percentage gain – Accounts display absurd percentage gains, like 50 percent, 100 percent or even 200% in a day.
Balance growth – The balances of accounts rapidly grow over the course of weeks and days, which indicates the constant profit.
History of transactions – This record is a steady flow of trading wins with almost zero losses.
Leaderboards of top traders indicate accounts with gains of 200 percentage, 500% and even 100% in a few months.
All of these numbers are completely invented. There aren’t any real trades happening. Any growth in accounts is just a fantasy. The aim is to convince people that they could make massive profits from depositing more crypto or cash.
Step 3. Deposits Only, No Withdrawals
After reviewing the fake indicators, users are asked to deposit an initial amount for trading and investment. Deposits should be made in cryptocurrency such as bitcoin, Ethereum as well as stablecoins.
When a deposit has been made the account’s page displays the growth in balance according to the false statistics. The user is then urged to deposit more money to “take advantage of market conditions” or “unlock premium features”.
However, if the user is attempting to withdraw money the amount they wish to withdraw, they are prohibited from taking out a withdrawal. Explanations given include:
You will need to present a valid ID to confirm your identity
The withdrawal process is delayed because of the high volume
Need to deposit more funds to meet the minimum withdrawal limit
Account is temporarily blocked for security reasons.
In reality, withdrawals are not allowed at all times because the aim is to steal deposits and not allowing withdrawals.
Step 4. Disappearing Act
If people become aware of the scam and begin demanding that they withdraw their funds or calling officials, Eclipse Earn will simply disappear. The website will be shut down Social media accounts will be removed and scammers will disappear.
They can be threatening users for reporting them, by claiming that they was involved in illegal trading. These threats aren’t real and are intended to discourage from reporting.
When the jig is over and scammers have their hands on the stolen cryptocurrency, clean their tracks, then reappear with a different identity in order to do the same thing. The victims are unlikely to see their funds again, unless authorities are able to trace the money.
How to Spot Eclipse Earn and Similar Scams on Social Media and Messaging Apps
In addition to the flashy ads Cryptocurrency scammers frequently use social media platforms as well as direct messaging applications to target and manipulate potential victims. Here are some suggestions to spot scams and stay clear of them using these channels:
Review social media investment advertisements cautiously. Scammers depend heavily on FOMO (fear of being left out) and present the platforms they use as exclusive avenues to earn wealth. Beware of advertisements or accounts promising returns that promise quick action or claiming access to a secret method of earning money. If they had a secret plan and they are sharing it, why would they want to offer it to other users of social media rather than keep the money for them?
Find out about profiles that promote investment opportunities. Scam accounts usually employ fake or artificially generated profile pictures and only have a few posts that do not relate to their investment promotion. Check out legitimate brands that you know – they have a long-running history of organic posts that have helped build their reputation.
Find verified marks and indications of credibility. It is rare for scammers to authenticate accounts on websites like Facebook and Instagram. The absence of official checkmarks should cause suspicion. In addition, legitimate businesses will have contact information along with business registrations and customer reviews easily accessible.
Beware of direct messages promoting opportunities in cryptocurrency. Be it through Instagram, WhatsApp, Telegram or any other platform, unwelcome messages that promote investments are nearly always a scam. Do not reply to any investment DMs or reports. Block the account instead.
Find domain registrations and registrations on websites. If you are given a link to a domain, find out the date when the domain was registered and study the history of the domain. Scam websites typically use domains that have been registered recently and disposable hosting. Look up any brand name and phrases such as “scam” or “review” to find warnings.
Don’t divulge your personal information. Don’t divulge your bank account details, ID number or cryptocurrency wallet details, or any other information that is personally identifiable that is based on social media or Whatsapp/Telegram messages. If you are unable to independently verify the authenticity of a “salesperson,” assume it is an attempt to steal your identity theft or fraud in the financial sector.
Frequently Asked Questions About the Eclipse Earn Scam
The Eclipse Earn scam in the crypto space leaves a lot of users with serious questions and worries. Below are the answers to some commonly asked queries concerning this fraudulent investment and trading platform.
What is Eclipse Earn?
Eclipse Earn portrays itself as a platform for trading in cryptocurrency that lets ordinary people make high-returns from crypto-related investments. In reality, however, it’s a sophisticated scam scheme designed to defraud innocent users.
What is the method by which do the Eclipse Earn scam work?
The scammers make use of social media advertisements to draw users to their professional website that makes bogus promises of assured profits. People are lured into depositing money, which is then displayed as fake balances that increase. When requests for withdrawals are made and the withdrawal is denied, different strategies are employed to delay the withdrawal process and eventually keep the deposit money.
What are the tactics Eclipse Earn scammers use?
The most common tactics are demanding fees prior to withdrawing funds, claiming account problems need deposits to be resolved by luring victims into partial withdrawals, or even discontinuing contact after taking as much cash as is feasible.
What is the first way scammers make contact with potential victims?
The first contact with a person is typically through ads on social media platforms such as Facebook, Instagram, and TikTok. The ads entice users by displaying images of wealth and boasts of huge earnings. When you click on them, you’ll be taken directly to an Eclipse Earn site to sign for a membership.
What happens after a person establishes an account?
Customer service representatives reach out to the victim by messaging or email to build trust and encourage the victim to deposit more funds. They give directions on how you can fund your account using crypto or payment methods.
Are the figures on the Eclipse Earn account dashboards real?
Balances of accounts showing the profits are entirely fake. No real trading occurs. This fake growth in balance is created to fool people into believing that promises of returns are being fulfilled.
What causes withdrawals to be delayed or prevented?
Through placing hold and inventing reasons for why withdrawals aren’t processed without additional funds the scammers continue to make more money from their victims. There’s no intention to cash out any profits.
The Bottom Line
Scams in the investment of cryptocurrencies such as Eclipse Earn are on the increase, and have cost victims millions. Although the glitzy metrics and the social media marketing seem legit, Eclipse Earn is a scam created to steal deposits.
The warning signs of unrealistic returns, the inability to withdraw money as promised, opaque operations, or the use of high-pressure tactics are indicators of attempts to fraud. If you notice any of these warning signs, you must stop all activity immediately.
If you’ve already deposited money, quick action is needed to notify the fraud, gather evidence, check accounts, and investigate legal alternatives. Even though the criminals are savvy however, the possibility of a successful outcome is not lost if victims are able to react swiftly.
The most secure option is to stay clear of investment opportunities that are not reputable by conducting due diligence and resisting the pressure to deposit money with no withdrawals allowed. As cryptocurrency remains in the regulatory grey area investors should take extreme care and remain alert to fraud.
