The age of cloud mining site hype is already gone. People are already aware that everything can be faked. First, the date of launch. Cloud mining sites have faked their history and say that they have been running for a long time and that they just didn't have any recognition before. The mining equipment as well can be faked. The address can be faked. Literally everything can be faked to look legit enough for investors to come in.

And let's just say that you finally found that "legit" cloud mining site that's actually legit. They are probably going to be a 6 month or 1 year return on investment thing. That's a long time for them to get more investors, accumulate decent amount of money, and fake a hack scenario. Even when they continue running longer than expected, it's still a good strategy for them (to accumulate more money to run away) since the profit of their investors per day is really really low even with decent investments.