Crownbasetrading.com is operating a crypto scam. The website lacks customer support phone numbers and is owned by a company or individuals from overseas. Attempts to find legitimate reviews about this project were unsuccessful. The wording on different pages is plagiarized from other fraudulent websites. The profit guarantee plans offered on the website are not real. Many pages contain only placeholder content. The domain name was registered just 28 days ago. No business address is provided on the website, which deviates from the norms of a legitimate site. The website uses a fictitious company name and has no social media accounts. What is a crypto investment scam?
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|❌ No Phone Numbers
❌ No Reviews
❌ Fake Profit Guarantee
❌ Recently Registered
❌ Fake Business Name
|❌ Foreign Company
❌ Copycat Content
❌ Unfinished Website
❌ No Address Found
❌ No Social Media
Date of registration: January 07, 2024
Expiration: January 07, 2025
First detected: February 04, 2024
Registrar: HOSTINGER operations, UAB
Hosted by: Dns-parking.com
What is a crypto investment scam?
As cryptocurrency gains popularity, so do the scams associated with it, particularly on messaging platforms like WhatsApp, Telegram, and Discord. Scammers create chat groups on these platforms, posing as crypto investment communities. They entice users with discussions on investment strategies and fabricated success stories, while providing false updates on the performance of their “funds.” These groups are text-only to prevent voice or video calls that could reveal the scammers’ true identities or their lack of expertise. These fraudulent groups often seem active and populated, with thousands of members, but many participants are actually bots designed to mimic real users, creating the illusion of a thriving investment hub.
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This fake activity gives the scam an air of credibility, which can lure genuine investors. Scammers post fake testimonials and doctored payout records to show profitability, urging members to invest quickly to take advantage of “limited-time” opportunities. When the scam is at risk of being uncovered, the scammers quickly dismantle their web presence and chat groups, only to reemerge under a new guise, with a slightly altered website to avoid detection. They continue this cycle, targeting new victims while the evidence of their past schemes becomes harder to trace, complicating the efforts of authorities and the chances of investors recovering their funds.
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