Smart Magnetic Ltd. is recorded on the SARFund database as a reported cloud-mining cash-out scam. The case is currently in active investigation and has been assigned for coordination with the partner team conducting wallet tracing.

The reports cluster around three operational signatures: the platform blocked withdrawal requests, demanded “tax” or “verification” fees before withdrawal, and used unregulated celebrity endorsements. SARFund treats this combination as sufficient grounds to maintain an active case file pending recovery action.

Channels through which Smart Magnetic Ltd. has been reported include Quora question threads, Google Search complaints, and direct victim submissions through SARFund. SARFund cross-references new submissions against existing reports before adding evidence to the case file.

What victims should do

If you deposited funds with this platform, file a claim with SARFund as soon as possible. Provide transaction hashes, wallet addresses, deposit dates, and any communication with the operator (Telegram, WhatsApp, email). The fresher the evidence, the higher the chance of a successful trace.

Redaction policy

SARFund publishes the existence and status of each case but withholds operationally sensitive details. The recovery partner identity, exact victim count, recovered amount, and tagged wallet addresses are released only to verified claimants once the claim form is submitted and matched.

Have transactions linked to Smart Magnetic Ltd.? File a claim with the evidence checklist and SARFund will verify within 48 hours. We never charge to file and we never custody recovered funds.

SARFund does not guarantee recovery. All recovery actions are conducted by independent partners. Submission is free. SARFund is an intermediary case registry, not a recovery firm.