Covalenthq-2.net has been implicated in a crypto scam. The site’s ownership traces back to a company or individuals based overseas. Many pages are incomplete, displaying only placeholder text. Legitimate reviews of this project are elusive, and the language on the site is plagiarized from other fraudulent websites. The domain was registered a mere 29 days ago. The profit guarantee plans advertised are fictitious, and the company name listed is also fabricated. No associated social media accounts for this project could be found. The website conspicuously lacks customer support phone numbers. Additionally, the site fails to provide a physical address for the company. What is a crypto investment scam?

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

Date of registration: January 06, 2024
Expiration: January 06, 2025
First detected: February 04, 2024
Registrar: PDR Ltd. d/b/a PublicDomainRegistry.com www.publicdomainregistry.com
Hosted by: Asurahosting.com
Ownership: Unknown

What is a crypto investment scam?

Cryptocurrency investment scams lure unsuspecting individuals with the allure of exceptionally high returns that are typically impossible to achieve. These scams promise astronomical profit margins, often suggesting that investors can expect daily or weekly returns of 5% to 20%, or in some cases, even higher. To avoid being exposed and to sidestep any negative feedback, these fraudulent operations frequently cycle through newly registered domain names, effectively playing a game of digital hide-and-seek. They tend to avoid leaving a trail by not providing customer support contact numbers and by steering clear of established social media channels where they might face scrutiny.

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The glowing reviews and testimonials presented on their sites are nothing more than fabrications designed to mislead potential victims. Unfortunately, for those who have been enticed into sending money to these scammers, the chances of retrieving their lost funds are slim to none, given the irreversible nature of cryptocurrency transactions. The anonymity and lack of regulation in the crypto space make it a fertile ground for such deceptive practices.

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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