Cryptonomy247.com is running a crypto scam, using a fake company name. Legitimate reviews about this project are absent and could not be verified. The website lacks a business address, which is a major red flag. The domain name was registered only 32 days ago at the time of this report. The website does not display any phone numbers for customer support. The verbiage on various pages is not original; it has been copied from other scam websites. Indications suggest that the website is managed from an overseas location. Several pages on the website are unfinished, filled with default content and placeholder text. The website’s tiered profit guarantee plans are bogus, and there is no social media presence. What is a crypto investment scam?

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

Date of registration: December 28, 2023
Expiration: December 28, 2024
First detected: January 29, 2024
Registrar: HOSTINGER operations, UAB
Hosted by: Dns-parking.com
Ownership: Unknown

What is a crypto investment scam?

Cryptocurrency investment scams are becoming increasingly sophisticated, using high-quality websites that promise significant returns through purportedly expert trading or cutting-edge investment tactics. These platforms often feature sleek, high-tech designs and showcase false trading histories that depict steady profits, seemingly unaffected by the volatile nature of the crypto markets. They entice investors with the allure of low-risk opportunities that purportedly capitalize on market fluctuations to yield high rewards. To enhance their facade of legitimacy, these fraudulent websites may include fake customer testimonials, display security verification badges, and provide customer service contact details that are actually part of the scam operation.

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They frequently promote referral programs, offering bonuses for recruiting new investors, which is a hallmark of a Ponzi scheme. Initially, these scams may ask for modest deposits to build trust. However, once they have gained an investor’s confidence, they push for larger sums of money. When investors attempt to withdraw their earnings or their initial investment, they are often met with unexpected fees, unexplained withdrawal delays, or complete refusal of fund access. In some cases, the scam platform may abruptly go offline, with the perpetrators vanishing with the investors’ capital. The anonymity inherent in cryptocurrency transactions makes it exceedingly challenging to track down

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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