Coinpot faucets already have a system for detecting if you are using a VPN, and it won't let you claim if it detects it. And strictly speaking, Coinpot says it has the right to take your funds if you violate the Terms of Service, but using a VPN is not against the Terms of Service. Yes I realize that using a VPN is a common way to have multiple accounts, but I'm strictly speaking of whether they have a right to confiscate your funds for using a VPN. And plenty of people are claiming they never used a VPN anyway and still had their account suspended.
What if someone's your coinpot.co e-mail and login the faucets with VPN? Could an external actor who knows your e-mail connect with VPN and simulate the true owner is cheating? Think about it ;-)
Of course, think about claiming faucets in a hotel or sth with public WiFi.
In my opinion coinpot.co has nothing to assure its systems against cheaters or multiple accounts, and of course has not anybody as red or blue team.
A possible running exit-scam consists in:
- 1. Start (unsustainable) "VIP Rewards"
- 2. People deposits BTC to convert to tokens and earn % in "VIP Rewards".
- 3. Before December 2020, BTC-token conversion brings you for example 1000 tokens for X BTC.
- 4. BTC value explodes and now January-February 2021, coinpot.co ends: you have to convert-back your tokens to BTC but the conversion is 4 times worse than you made in November 2020.
- Result: People investing coinpot.co "VIP Rewards" earned % in a way but lost much more in other way.
I'm not saying coinpot.co is acting as these points say, but I think I am not the only who knows this way.
My latest withdrawals were received without problems but I think there is lot of people waiting till last day trying to see crypto values decrease to get more cents (and coinpot.co knows it).