Binavext.com has come under scrutiny for operating a cryptocurrency scam. The content on the website is not original; it mirrors that of other scam websites previously identified. The site claims to represent a fictitious company and several pages remain incomplete, showing only placeholder text. A business address is conspicuously absent from the site, which deviates from the norm for reputable businesses. No associated social media accounts for the project have been found. The domain name was registered a mere 29 days ago, raising further suspicions. Efforts to find credible reviews about the project have been fruitless. Customer support is also lacking, with no phone numbers provided. The so-called profit guarantee plans advertised on the site are deceptive. Lastly, the website appears to be operated by a company or individuals based overseas. What is a crypto investment scam?

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

Date of registration: December 31, 2023
Expiration: December 31, 2024
First detected: January 29, 2024
Registrar: Hosting Concepts B.V. d/b/a Registrar.eu www.registrar.eu
Hosted by: Dns-parking.com
Ownership: Unknown

What is a crypto investment scam?

Cryptocurrency investment scams lure individuals with the promise of exorbitant and often implausible returns, frequently assuring consistent daily or weekly profits. These deceptive operations are commonly based overseas, which significantly hampers the efforts of law enforcement to pursue the perpetrators and complicates the process of retrieving the stolen funds due to jurisdictional limitations. In an effort to build credibility with prospective investors, some of these schemes may initially disburse a small return on the investment.

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This strategy is deliberately designed to create an illusion of a trustworthy and profitable venture, thereby convincing investors to increase their stakes. However, it’s important to understand that these early payouts are not the result of any genuine investment strategy; rather, they are part of a calculated approach to draw in more capital from unsuspecting individuals.

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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