Cypherxfinance.com is running a crypto scam. The project lacks social media accounts, and no physical address for the business is available on the website. Many pages contain only placeholder content. The domain name was registered a mere 29 days ago at the time of this report. Content on various pages is copied from other scam websites. There are no customer support phone numbers provided. The website’s profit guarantee plans, which are tiered, are entirely fictitious. Evidence suggests that the website is managed from an overseas location. The company name claimed on the website does not exist in any official records. Legitimate reviews about this project are nowhere to be found. What is a crypto investment scam?
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|❌ No Social Media
❌ Unfinished Website
❌ Copycat Content
❌ Fake Profit Guarantee
❌ Fake Business Name
|❌ No Address Found
❌ Recently Registered
❌ No Phone Numbers
❌ Foreign Company
❌ No Reviews
Date of registration: January 06, 2024
Expiration: January 06, 2025
First detected: February 04, 2024
Registrar: NameSilo, LLC www.namesilo.com/
Hosted by: Lytehosting.com
What is a crypto investment scam?
Cryptocurrency investment scams are a growing concern, as they entice potential investors with the allure of quick and substantial profits. These scams often promise daily or weekly returns that are exceptionally high, sometimes as much as 50% of the initial investment, which should be a red flag for anyone familiar with the volatility of the crypto markets. These promises are not just overly optimistic; they are outright lies designed to trap the unwary. Once the scammers have your funds, and you begin to question their legitimacy, they might escalate their scheme.
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They could contact you pretending to be a different company, one that claims expertise in recovering lost cryptocurrency funds. This supposed lifeline is just another layer of the scam. They will ask for payment upfront, claiming they can help retrieve your lost investments. However, the nature of cryptocurrency transactions means they are final and cannot be reversed. These fake recovery agents will simply take the additional fee and disappear, leaving the victim at a compounded loss. It’s a cycle of deceit where the only winners are the scammers.
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