Blackthornrock.net is reported for being a crypto scam. The domain name is relatively new, having been registered for only 30 days at the time of this report. The website went live with numerous pages still containing incomplete and placeholder material. It is owned and operated by a foreign entity. Attempts to verify or find legitimate reviews about this project through research were unsuccessful. No physical address for the business could be found on any of the pages. Investigation revealed no social media accounts for this project. The website lacks any phone numbers for customer support and is operating under a made-up company name. The profit guarantee plans offered on the website are all sham. The verbiage found on various pages has been duplicated from other similar scam websites. What is a crypto investment scam?
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|❌ Recently Registered
❌ Foreign Company
❌ No Address Found
❌ No Phone Numbers
❌ Fake Profit Guarantee
|❌ Unfinished Website
❌ No Reviews
❌ No Social Media
❌ Fake Business Name
❌ Copycat Content
Date of registration: December 30, 2023
Expiration: December 30, 2024
First detected: January 29, 2024
Registrar: Wild West Domains, LLC
Hosted by: Dns-parking.com
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 presents a significant obstacle for law enforcement agencies in tracking and prosecuting the perpetrators. The international aspect of these scams exacerbates the difficulty of retrieving any funds that victims may lose. In an effort to build credibility, some scam operations may initially disburse a small return to their investors.
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This strategy is designed to manufacture an illusion of authenticity and to persuade investors to increase their stakes. However, these early payouts are not the result of any genuine investment strategies; they are merely part of the scam’s tactics to coax more substantial investments from unsuspecting individuals. It’s a classic case of a Ponzi scheme, where the returns of the new investors are used to pay the earlier ones, creating a cycle that eventually collapses when there are not enough new investors.
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