Cryptocotex.com is running a crypto scam. The project lacks verifiable reviews and many pages on the website contain placeholder content. The project appears to have no social media presence. Customer support is also questionable with no phone numbers provided on the website. The company name used is fictitious. The profit guarantee plans advertised are not genuine. Language on the website is plagiarized from other deceptive sites. Ownership traces back to a company or individuals based overseas. The website fails to provide a physical business address. Moreover, the domain name was registered only 29 days ago, indicating a very new and potentially untrustworthy operation. What is a crypto investment scam?

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

Date of registration: January 06, 2024
Expiration: January 06, 2025
First detected: February 04, 2024
Registrar: NAMECHEAP INC www.namecheap.com
Hosted by: Namecheaphosting.com
Ownership: Unknown

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 investment communities. They entice users with discussions on investment strategies, share fabricated success stories, and provide false updates on the performance of their “funds.” These scammers communicate exclusively through text to avoid revealing their identities or betraying their lack of expertise through voice or video calls. These groups often seem active, with thousands of participants, but many are actually bots designed to mimic real users, creating the illusion of a legitimate, thriving investment opportunity.

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This false sense of success and activity can be very convincing, drawing in unsuspecting investors. Scammers bolster this illusion with fake testimonials and doctored payout records, 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 of lies, closing down websites and chat groups, only to reemerge under a new guise. They launch new sites with content barely altered from the original, making it hard for authorities to track them down and for victims to reclaim their funds. This

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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