Upscaleminers is pinned to our watch chart for a reason. When our cartographers traced the operation, the trail lined up with an official warning record rather than with any verifiable licence.
Position on the risk map
Upscaleminers claims to be registered under the UK Companies House (CH). We searched by the company number 11733993 but found a mismatch for one company BASE BITS LIMITED which had a different company name and registered office address than Upscaleminers, when we searched by company name Upscaleminers there were no results. It is crucial to note that having registration with the CH does not mean being authorized to provide financial services. To operate as this type of broker in the UK, a company must be regulated by the United Kingdom Financial Conduct Authority (UK FCA), but our search for Upscaleminers in the FCA register didn't yield any results. The truth is that Upscaleminers is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Upscaleminers is a scam.
Red flags on the map
- Dashboard balances that cannot be verified on-chain
- Pressure to deposit more in order to unlock earlier deposits
- Appears on an official regulator or fraud-warning list
- No verifiable licence for the jurisdictions it targets
If you have funds with Upscaleminers
Stop sending money immediately – especially any payment framed as a tax, unlock fee, or verification deposit. Preserve everything: transaction hashes, wallet addresses, receipts, chat logs and emails. The paper trail is what a recovery review runs on.
Cointiverse can chart where the funds moved and give you an honest read on whether a realistic path exists. Start a confidential case review – there is no obligation, and the first assessment is free.