Colateralnetworks.com is reported for being a crypto scam. The evidence found suggests it is operated from a foreign country. The company name claimed on the website does not exist, and no physical address for the business could be found on any of the pages. At the time of this report, the domain name had been registered for only 26 days. The website’s profit guarantee plans are fake, and there is no social media presence. The website was rushed to go live, with many placeholders still present. The verbiage on various pages has been duplicated from other similar scam websites. Customer support phone numbers are not listed, and no legitimate reviews about this project could be found or verified. What is a crypto investment scam?

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

Date of registration: January 09, 2024
Expiration: January 09, 2025
First detected: February 04, 2024
Registrar: TUCOWS, INC. tucowsdomains.com
Hosted by: Cloudflare.com
Ownership: Unknown

What is a crypto investment scam?

Cryptocurrency investment scams lure individuals with the promise of exorbitant returns, often suggesting that investors can receive daily or weekly earnings that range from an implausible 5% to an outrageous 100%. These fraudulent schemes claim to employ sophisticated investment tactics, including trading, mining, or exploiting price differences in various markets (arbitrage), to produce such high yields. The true intent behind these scam websites, however, is to swindle and cheat investors out of their money, not to engage in legitimate profit-making activities.

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To appear trustworthy, these scams often feature fabricated testimonials and concocted success stories, painting a false picture of reliability and success. They may also entice participants with referral programs that promise even greater returns for recruiting additional investors into the scheme. It’s important to recognize that genuine investment platforms cannot offer guaranteed high returns, especially in the volatile and unpredictable cryptocurrency market. Such guarantees are a red flag for potential investment fraud.

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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