Basecointrade.com has been detected to be running a crypto scam. The domain name was registered only 29 days ago. Several pages contain default content and placeholder text. The website is managed by a foreign business or individuals. The tiered profit guarantee plans offered on the website are all fake. The wording on different pages has been copied from numerous similar fraudulent websites. No legitimate reviews about this project could be verified or found. A genuine website is expected to provide a business address; however, no such information was found on any of the pages. The company name listed on the website is not genuine. This project lacks any social media accounts. Additionally, no phone numbers for customer support are available on the website. What is a crypto investment scam?

❌ Recently Registered
❌ Foreign Company
❌ Copycat Content
❌ No Address Found
❌ No Social Media
❌ Unfinished Website
❌ Fake Profit Guarantee
❌ No Reviews
❌ Fake Business Name
❌ No Phone Numbers

Date of registration: December 31, 2023
Expiration: December 31, 2024
First detected: January 29, 2024
Registrar: PDR Ltd. d/b/a PublicDomainRegistry.com www.publicdomainregistry.com
Hosted by: Fcomet.com
Ownership: Unknown

What is a crypto investment scam?

As cryptocurrency gains popularity, so do the scams associated with it, particularly on messaging platforms like WhatsApp, Telegram, and Discord. Scammers create chat groups on these platforms, posing as crypto investment communities. They entice users with discussions on investment strategies and fabricated success stories, while providing false updates on the performance of their “funds.” These groups are text-only to prevent voice or video calls that could reveal the scammers’ true identities or betray their lack of expertise. These fraudulent groups often seem active and populated, with thousands of members, but many participants are actually bots designed to mimic real users.

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This creates the illusion of a thriving community, which lends credibility to the scam and attracts genuine investors. Scammers post fake testimonials and doctored payout records to show profitability, urging members to invest quickly to take advantage of “limited-time” opportunities. When the scam is at risk of being uncovered, the scammers quickly dismantle their web presence and disband the chat groups, only to reemerge under a new guise. They launch new websites and chat groups with only minor changes to avoid detection, perpetuating the cycle of fraud. As they move on, the trail goes cold, complicating the

Report Scams to Government Agencies:
Federal Trade Commission (FTC) – Submit a Report
Federal Bureau of Investigations (FBI) – Submit a Report
U.S. Postal Inspection Service (USPIS) –Submit a Report

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