Recovery File · LCR-2026-012
Unihash sold tiered “hash-rate contracts” promising a share of mining rewards. A Manchester investor reinvested his “earnings” for months. The rewards were recycled deposits, not mined coin.
Scam typeCloud hash-rate mining scam
InstrumentBTC
Reported loss$52,000
Timeline5 months
Recovered38%
Reported operatorUnihash ↗
How it started
T.G., 41, bought a mid-tier contract after seeing “live” hash-rate dashboards. Daily BTC “rewards” appeared, so he upgraded twice more.
Where it went wrong
Withdrawals beyond his deposit triggered a “contract settlement fee.” The dashboards were cosmetic; no verifiable mining existed, and reinvestment had locked in much of his capital.
“I kept reinvesting the “rewards.” I never actually took anything out.”
The recovery, step by step
- We distinguished deposits from “rewards”Only his real BTC deposits could anchor a claim.
- We traced the deposit walletsThey pooled with other victims’ funds before moving to off-ramps.
- We found the reachable remainderOne recent transfer still sat at an identifiable exchange.
- We filed the freeze and reportSubmitted tracing evidence to the exchange and authorities.
- We recovered what remainedA partial hold returned $19,800.
38%Outcome: $19,800 of $52,000 recovered. Reinvesting “rewards” is how mining scams keep your real coins moving out — recovery is limited to what hasn’t already been cashed out.
Warning signs we flagged
- “Hash-rate contracts” with dashboards but no audited hardware.
- Daily “rewards” you’re encouraged to reinvest, not withdraw.
- A “settlement fee” to release earnings.
- Tiered upgrades that lock in capital.
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