bxchange.online has been detected to be running a crypto scam. The website lacks a physical address for the business and no social media accounts have been discovered for this project. It appears the website was rushed to go live, with many placeholders still present. There are no phone numbers for customer support, and the verbiage on various pages has been copied from other similar scam websites. Legitimate reviews about this project are absent, and the tiered profit guarantee plans advertised on the site are all fake. Control of the site lies with an overseas organization or individuals, and the company name stated on the website is false. The domain name was registered only 26 days ago. What is a crypto investment scam?

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

Date of registration: January 09, 2024
Expiration: January 09, 2025
First detected: February 04, 2024
Registrar: NAMECHEAP INC www.namecheap.com
Hosted by: Namecheaphosting.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 fraudulent schemes 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 convinced individuals to part with their money, they monitor for any signs of doubt or suspicion. If they sense that their victim is catching on, they may escalate their scam by introducing a secondary, fake company. This new company deceitfully presents itself as a specialist in the recovery of lost crypto funds, offering hope to the defrauded investor.

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They claim they can help retrieve the stolen assets for a fee. However, this is simply another layer of the scam. They will ask for an upfront payment, promising to track down the original fraudsters and reverse the transactions. But, given the irreversible nature of cryptocurrency transactions, this is an empty promise. The scammers will pocket the fee and disappear, leaving the investor with compounded losses.

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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