Coinwealthltd.net is running a crypto scam with profit guarantee plans that are entirely fictitious. No social media accounts are associated with this project, and the website lacks customer support phone numbers. Legitimate reviews about this project are absent and unverifiable. The content on various pages is plagiarized from other fraudulent websites. The company name claimed on the website is non-existent. Many pages on the site are filled with placeholder content. Genuine websites typically provide a business address, but none could be found on any of the site’s pages. The domain name was registered only 27 days ago at the time of this report. Ownership and operation of the website trace back to a foreign company or individuals. What is a crypto investment scam?
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|❌ Fake Profit Guarantee
❌ No Phone Numbers
❌ Copycat Content
❌ Unfinished Website
❌ Recently Registered
|❌ No Social Media
❌ No Reviews
❌ Fake Business Name
❌ No Address Found
❌ Foreign Company
Date of registration: January 08, 2024
Expiration: January 08, 2025
First detected: February 04, 2024
Registrar: HOSTINGER operations, UAB
Hosted by: Hostsailor.com
What is a crypto investment scam?
The landscape of crypto investment scams has become increasingly sophisticated with the advent of popular messaging platforms such as WhatsApp, Telegram, and Discord. Scammers exploit these platforms to create seemingly legitimate chat groups, inviting individuals to join communities that are ostensibly focused on sharing investment strategies and success stories. They also provide fabricated updates on the performance of their so-called investment funds. These groups are meticulously text-based to prevent voice or video interactions that could reveal the scammers’ true identities or betray their lack of expertise. These fraudulent communities often boast thousands of members, but many participants are actually bots designed to mimic human activity, thus creating the illusion of a vibrant and successful investment hub.
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This false sense of activity and success helps to convince real investors of the legitimacy of the scam. Scammers use these groups to offer constant reassurance, posting fake testimonials and doctored payout records to showcase alleged profitability. They push for quick investments, citing the urgency and exclusivity of their opportunities. However, when the scam is at risk of being uncovered, the scammers quickly dismantle their web of lies, closing down websites and chat groups. They then re-emerge under a new guise, with a slightly altered website to avoid detection, and
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