Bitlaw-global.shop has been implicated in a cryptocurrency scam. The website’s profit guarantee plans are fraudulent. No legitimate reviews about this project could be found or verified. Evidence suggests that the website is operated from overseas. Legitimate websites typically display a business address, but no such information appears on any of the pages. The scammers hastily launched the site, leading to many pages with default content and placeholder text. The language used on various pages is copied from other scam websites. The site claims to be run by a fictitious company. There are no customer support phone numbers provided. Furthermore, no social media accounts for this project were found. The domain name was registered only 27 days prior to this report. What is a crypto investment scam?
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|❌ Fake Profit Guarantee
❌ Foreign Company
❌ Unfinished Website
❌ Fake Business Name
❌ No Social Media
|❌ No Reviews
❌ No Address Found
❌ Copycat Content
❌ No Phone Numbers
❌ Recently Registered
Date of registration: January 02, 2024
Expiration: January 02, 2025
First detected: January 29, 2024
Registrar: HOSTINGER operations, UAB www.hostinger.com/
Hosted by: Dns-parking.com
What is a crypto investment scam?
As cryptocurrency gains popularity, so do the scams associated with it, particularly through messaging platforms like WhatsApp, Telegram, and Discord. Scammers create chat groups on these platforms, posing as investment communities. They entice users with discussions on investment strategies, share fabricated success stories, and provide false updates on the performance of their “funds.” These scammers communicate exclusively through text to avoid revealing their identities or betraying their lack of expertise through voice or video calls. These groups often seem active and populated with thousands of members, but many participants are actually bots designed to mimic real users, creating the illusion of a thriving investment hub.
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This artificial activity gives the scam an air of credibility, which can be quite convincing for potential 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 chat groups, only to reemerge under a new guise. They launch new websites and communication channels, slightly altered to avoid detection, and continue their fraudulent cycle. This makes it difficult for authorities to track them down and for victims to reclaim their investments.
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