Bitxym.com has been identified as a fraudulent platform conducting a cryptocurrency scam. The website’s profit guarantee plans are fictitious. Numerous pages on the site display only placeholder content, indicating a lack of substance. The company name used by the website is fictitious. It is probable that the website’s operations are based overseas. The content on the website has been plagiarized from other scam websites previously uncovered. The domain name was registered a mere 27 days ago at the time of this report. There are no credible reviews available for this project. The site does not provide any customer support phone numbers. A legitimate website typically offers a business address, but no such information was found on any of the website’s pages. Additionally, there is no evidence of a social media presence. What is a crypto investment scam?

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

Date of registration: January 08, 2024
Expiration: January 08, 2025
First detected: February 04, 2024
Registrar: NameSilo, LLC www.namesilo.com/
Hosted by: Stackdns.com
Ownership: Unknown

What is a crypto investment scam?

Cryptocurrency investment scams are a growing concern, as they entice potential investors with the allure of quick and substantial profits. These scams often promise daily or weekly returns that can be as high as 50% of the initial investment, which is an unrealistic and deceptive claim. Once the scammers have successfully persuaded individuals to part with their money, they don’t stop there. If they sense skepticism from their victims, they may double down on their deceit by introducing a second, fraudulent company.

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This new company poses as a specialist in the recovery of lost crypto funds, offering to help for a fee. However, this is simply another layer of the scam. They will ask for an upfront payment, claiming it will be used to track down the original scammers and reverse the transactions. But the reality is that cryptocurrency transactions are designed to be irreversible, and these so-called recovery experts will disappear with the fee, leaving the victim at a loss once again.

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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