How scammers attack CryptoBonusMiles and measures taken to prevent CBM leakage
Dear Subscriber,
We would like to thank Aeron community for the terrific response and thousands of sign ups at CryptoBonusMiles. While the usage has grown exponentially, it was observed that millions CBM tokens get withdrawn from the platform yet without actual flights taken and activity reported at the underlying airline loyalty programs.
There was definitely some gap in the rules which enabled unscrupulous users to generate significant CBM earnings, all without genuine activity on the platform. All that CBM withdrawals were dumped to the market, to generate immediate revenue for the scammers. With the aim to preserve CBM value, such “gaming the system” should not be allowed. The platform is for travelers taking flights with various airlines worldwide, not for those with the aim to create thousands of user registrations without flight activity, to harvest the sign up bonuses and abuse the affiliate program.
Let us recap the rules proposed to the CryptoBonusMiles users.
CryptoBonusMiles is free for everyone, there is no cost to participate. Once you register at https://wallet.cryptobonusmiles.com, you will receive a sign up bonus of 100 CBM, with further 100 CBM bonus granted for each airline loyalty program you add. Further to registration, CBM reward points accrue for every mile you log with the airline loyalty programs starting from the moment you have added the program at CryptoBonusMiles.
Certain users have created 3000 to 5000 accounts in their referral networks, having added airline loyalty cards with certain airlines, which grant bonus miles for registration alone. While technically these loyalty cards can be considered valid, that is evident to have bogus customer details and having abused the airline loyalty program sign up bonus offers. Fake registrations hit not only CryptoBonusMiles but the “donor” airlines to create thousands of sign ups for many airline loyalty programs. CBM tokens are harvested and withdrawn.
Such activity must be stopped. All CBM withdrawals at CryptoBonusMiles platform are now subject to manual verification. Any scamming activity will be detected and fake user accounts blocked. Due care will be taken not to cause any inconvenience to the genuine users, however should you observe any denied withdrawals — please contact support at info@cryptobonusmiles.com for immediate corrective action. Fly and earn CBM!
The sophisticated anti-fraud system will be deployed in the coming months to succeed the manual verification process. Once the CBM outflow due to scamming is completely prevented, the CBM token value should recuperate benefiting genuine users.
We will further inform Aeron community of the ongoing developments.
With Kind Regards,
Aeron Team
