Btcoption247.com has come under scrutiny for operating a cryptocurrency scam. The website lacks customer support phone numbers and does not maintain any social media accounts. Efforts to find legitimate reviews about the project have been unsuccessful. Control of the site appears to be in the hands of an overseas entity or individuals. The domain was recently registered, only 22 days prior to this report. Content on various pages is not original, having been copied from other scam websites. Numerous pages on btcoption247.com are incomplete, filled with default text and placeholders. The company name listed on the website is not authentic. Despite expectations for a legitimate website to provide a business address, none could be found on any page. The profit guarantee plans advertised on the website are entirely fictitious. What is a crypto investment scam?

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

Date of registration: February 13, 2024
Expiration: February 13, 2025
First detected: March 06, 2024
Registrar: GMO Internet Group, Inc. d/b/a Onamae.com
Hosted by: Beak.host
Ownership: Unknown

What is a crypto investment scam?

Cryptocurrency investment scams are becoming increasingly sophisticated, with scammers creating elaborate websites that promise significant returns through expert trading or innovative investment strategies. These sites often feature advanced, high-tech interfaces and display false trading records that consistently show profits, seemingly unaffected by the volatile crypto markets. They entice investors with the allure of low risk and high returns, claiming to have mastered the art of leveraging market fluctuations. To enhance their facade of legitimacy, these fraudulent platforms may showcase fake customer testimonials, flaunt security verification badges, and provide customer service contacts that are actually part of the scam operation.

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They frequently promote referral programs, offering bonuses for recruiting new investors—a hallmark of Ponzi schemes. Initially, victims may be asked for a small deposit. Once the scammers earn the investors’ trust, they push for larger sums of money. However, when investors attempt to withdraw their supposed earnings or their initial investment, they encounter unexpected fees, unexplained withdrawal delays, or complete denial of access to their funds. In some instances, the scam website may abruptly go offline, with the perpetrators vanishing with the investors’ capital.

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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