Elite-market.org has been implicated in a cryptocurrency scam. The company name associated with the website is fictitious. Verified reviews for this project are nonexistent. The profit guarantee plans advertised on the website are fabricated. A legitimate website typically provides a business address, but none could be found on any of the site’s pages. The domain name was registered recently, only 26 days ago. Ownership of the site traces back to a company or individuals based abroad. When the website was launched, placeholder text was still visible. The language used on various pages is identical to that found on numerous other fraudulent websites. The website lacks any listed customer support phone numbers. There is also no evidence of a social media footprint. What is a crypto investment scam?

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

Date of registration: January 09, 2024
Expiration: January 09, 2025
First detected: February 04, 2024
Registrar: Whogohost Limited whois.whogohost.com
Hosted by: Lytehosting.com
Ownership: Unknown

What is a crypto investment scam?

Cryptocurrency investment scams capitalize on the mystique surrounding emerging technologies to lure in victims. These scams often involve convoluted terminology and advanced tech-speak designed to bewilder and persuade potential investors of their authenticity. Scammers might boast about having cutting-edge algorithms or high-yield crypto-mining operations that can supposedly deliver extraordinary market returns. However, these purported technologies are frequently either non-existent or grossly exaggerated. To widen their net, scammers commonly utilize social media platforms and influencer endorsements, fabricating testimonials and endorsements to appear more trustworthy.

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They might also present themselves as exclusive investment circles or secret groups that offer “insider” tips for a fee or investment, creating a false sense of exclusivity and urgency with “once-in-a-lifetime” offers to push people into hasty decisions. Victims often discover too late that their accounts are locked or that the customer support is unhelpful or non-existent. In some dire scenarios, the entire investment platform vanishes overnight, taking the investors’ funds with it. Due to the irreversible nature of cryptocurrency transactions, recovering lost funds is typically an insurmountable challenge, leaving victims with little recourse.

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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