Luno Claim No Partnership with Luno Live Mining Company.

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Bitcoin mining plays a very important role in the bitcoin blockchain. Many miners invest a lot of money to get mining equipment and farms in place. They conduct important work to ensure the validity of transactions on a blockchain.

Blockchain technology is still in its infancy stage and a lot of people don’t have a clue of it.  Due to the fact that they lack knowledge,  they are scared of technology.

People find it difficult to see value in blockchain technology. Getting investors aboard is a mission.  New start-ups struggle to get the investors to believe in the blockchain as it is. Then you get the scammers and fraudsters who make the task even worse.

Yesterday I was introduced to  Luno Live Mining Company.  Visiting their site was a userfriendly experience with online chat beautiful images. The Luno Live Company claiming to have its cryptocurrency farm based in Australia.

Furthermore, they claim the farmed is owned by a group of Brazilians and Australia Teams of noble entrepreneurs and investors.

I quote from their site; “Luno Mining company partner: We are proud partners of Luno Mobile Wallet which facilitates bitcoin storage and transactions such as buying, selling and paying their bitcoin wallet services. They also operate exchanges between traditional currencies and bitcoin. You can get a secured wallet by signing up ( https://www.luno.com ).”

 

I phoned my best friend the founder of Techno Magazine and we decided to investigate this site since it looked suspicious with a poor Luno logo.  We could not find the White Paper or anything about the mentioned partnership.

It resulted in an inquiry on twitter and looking at the answer we got back it’s obvious they are not part of Luno as they claim.

In response to our inquiry, Luno money replied and I quote: “No this company is not part of Luno.  This looks like a fraudulent website/company.  We have reported this to our fraud team.”

Look at their site now.

 

Techno Magazine takes pride in sharing knowledge about blockchain, cryptocurrencies, and technology.  Ibayi marketing,  like an investigative approach to things and together we have managed to get an investigation started.

When you spend money on blockchain technology investigate your potential investment.  Does the company have a White Paper, Social Media accounts and what are claiming on these accounts?

Look at the website and if you uncertain contact us to help you with your investigation but don’t waste your investment due to ignorance.

Look at the website and if you uncertain contact us to help you with your investigation but don’t waste your investment due to ignorance.

47 Replies to “Luno Claim No Partnership with Luno Live Mining Company.”

  1. Well spotted Chris! The website looks suspicious. Although when I clicked on the link I had no problems with Google Chrome,it didn’t show me a Deceptive Site Ahead Warning. Some “Tell Tale Signs” would be 1)the address on the website – lunocoin.live has a very broad address NSW 2060? No street address and no contact telephone number on the website. 2) There is no contact details when you look up the I.P address on WHOIS I.P. 3)Sucuri SiteCheck which is a free online security website checking tool shows https://lunocoin.live/ as a blacklisted website and is a critical security risk. 4)Usually when pricing seems too good to be true a red flag should be raised 5) You could also Google to see if the website is a scam lunocoin.live has not been reported but there are enough red flags showing up and it would be a sad situation if your investment disappeared over night.

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