Coraxglobal.com has been implicated in a cryptocurrency scam. The site contains numerous pages filled with placeholder text, and the domain was registered only a month ago. Content on various pages is copied from other scam websites. The site lacks a physical business address and is owned and operated by a foreign entity or individuals. There are no customer support phone numbers provided. The project has no associated social media accounts. The profit guarantee plans advertised on the site are fictitious. Legitimate reviews about the project are nonexistent, and the research conducted failed to validate the project’s credibility. The website uses a fictitious company name. What is a crypto investment scam?
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|❌ Unfinished Website
❌ Copycat Content
❌ Foreign Company
❌ No Social Media
❌ No Reviews
|❌ Recently Registered
❌ No Address Found
❌ No Phone Numbers
❌ Fake Profit Guarantee
❌ Fake Business Name
Date of registration: December 30, 2023
Expiration: December 30, 2024
First detected: January 29, 2024
Registrar: Atak Domain apiname.com
Hosted by: Dns-parking.com
What is a crypto investment scam?
Cryptocurrency investment scams have become a global issue, with fraudulent schemes luring investors with the promise of exorbitant returns that are often touted as guaranteed on a daily or weekly basis. These deceptive operations are frequently based in international territories known as digital crime havens, which are strategically chosen for their lax regulations and the difficulty they pose to U.S. and other global regulatory bodies. By situating themselves outside the reach of stringent law enforcement, these scammers are afforded a degree of impunity, making it exceedingly tough for authorities to pursue and bring them to justice.
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The offshore nature of these scams not only shields the perpetrators but also significantly hampers the efforts of victims to reclaim their investments. Once the scammers decide to cut and run, they can exploit the complexities of international law and the lack of cross-border enforcement cooperation to effectively vanish, leaving investors with little recourse. This situation underscores the high risks associated with unregulated cryptocurrency investments and the importance of due diligence before committing funds to seemingly attractive opportunities.
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