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CASE FILE · ICT-2026-0405 · Cloud-Mining Contract Scam

Coin Hull: A Cloud-Mining Contract That Charged a Fee Wall to Withdraw "Profits"

A Brisbane electrician bought a cloud-mining contract from Coin Hull after a social-media ad promised daily BTC payouts. The dashboard accrued "earnings" for weeks. When he tried to withdraw, Coin Hull demanded an upgrade fee, then a withdrawal fee. We recovered part through one cooperative off-ramp.

Recovery Report
Vector
Cloud-Mining Contract Scam
Instrument
BTC
Reported loss
AU$44,600
Case opened
February 2026
Funds recovered
38% (AU$16,900)
Claimant
Electrician, Brisbane AU

Operator on file Coin Hull — read the full IntelliCtech scam-broker dossier.

01How Coin Hull drew him in

Coin Hull advertised "managed hash power" with tiered contracts and a slick dashboard showing daily BTC accruals. The claimant bought a mid-tier contract in BTC, then upgraded twice as the dashboard showed his "mining rewards" compounding.

There was no mining. The accruing numbers were a display. Each BTC payment he made was swept from Coin Hull’s collection wallet within minutes of arriving, long before any "payout" could ever be made.

02Where it broke

When the claimant requested a withdrawal, Coin Hull required an "account upgrade" to unlock payouts, then a "miner maintenance fee," then a percentage "withdrawal fee" payable up front. Each fee was the real product.

He stopped, contacted us, and we traced his BTC payments from his wallet to Coin Hull’s collection address and onward. The funds consolidated and largely moved through swap services; one batch reached a centralized exchange that accepts law-enforcement requests.

The dashboard showed me earning every day. The only thing actually happening was my own coins being moved out the moment they landed.

03What we were able to do

  1. 01
    Mapped the payments. We traced each BTC transfer from his wallet to Coin Hull’s collection address and the onward consolidation.
  2. 02
    Found one cash-out point. One consolidation wallet routed a batch to a centralized exchange with a working compliance process; the rest moved through swaps.
  3. 03
    Filed the report and freeze. With his ReportCyber reference we submitted the tagged deposit address to the exchange’s compliance team.
  4. 04
    Set expectations honestly. We told him early that BTC swept this fast through swaps has a low direct-recovery rate, so he would not chase a poor chance.
  5. 05
    Recovered what was reachable. A partial freeze on the single exchange off-ramp returned a fraction; the swapped majority was documented as a loss.
Funds recovered38%

AU$16,900 of AU$44,600 returned from the one exchange off-ramp we could reach. The rest dispersed through swaps and was documented as a loss — an honest, typical cloud-mining outcome.

04Warning signs we flagged

  • A "cloud mining" dashboard showing daily payouts you have not actually withdrawn.
  • Upgrade, maintenance and withdrawal fees demanded before any payout is released.
  • Payments that vanish from the platform wallet within minutes of arriving.
  • Tiered contracts pushing you to keep upgrading for "higher hash power."
  • No verifiable mining facility, pool address or proof-of-reserves you can check.

Bought a mining or "passive income" contract you cannot cash out?

Even when full recovery is unlikely, a proper trace shows exactly where the money went — and protects you from the "recovery" scammers who target victims next.

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