Block-wave.com is running a crypto scam. The site has numerous empty pages with only placeholder content. There are no customer support phone numbers listed. Legitimate reviews about the project are nowhere to be found. Ownership of the website traces back to a foreign company or individuals, and the company name claimed on the site does not exist. The domain name was recently registered, but the exact time frame is unknown. Investigations show no social media accounts associated with the project. The text on various pages is plagiarized from other scam websites. A business address is conspicuously absent from the site, which is a significant warning sign. The website’s profit guarantee is fraudulent; any deposited funds are unlikely to be returned. What is a crypto investment scam?

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

Date of registration: Unknown
Expiration: Unknown
First detected: February 04, 2024
Registrar: Unknown
Hosted by: Unknown
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. The scammers are skilled at persuading individuals to part with their money, and once they sense skepticism, they double down on their deceit. They may introduce a secondary scam, posing as a company that specializes in the recovery of lost crypto funds.

totalscam_lock

Weekly Scam Alerts - Free Service

Get notified when new scams are exposed!

Scammers never stop devising schemes to separate us from our hard-earned money. So, make sure to sign up for our weekly email scam alerts. TotalScam!™ Alert will notify you as soon new scams are discovered.

This supposed recovery agency will claim they can help retrieve the stolen assets for a fee. However, this is just another layer of the scam. They will ask for payment upfront, claiming they need it to track down the original fraudsters and reverse the transactions. But the reality is that cryptocurrency transactions are designed to be final and irreversible. The so-called recovery agency is simply another facet of the scam, and once they have the additional fee, they disappear, leaving the victim at a greater loss.

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

How useful was this report?

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

Get notified as soon as new scams are detected!

Follow us on social media: