Elitebasetrading.com has come under scrutiny for operating a cryptocurrency scam. The project lacks verifiable reviews, and many pages are simply filled with placeholder text. It appears the website is operated from abroad, and no social media accounts are associated with it. Content on the site has been plagiarized from other known scams. A business address is conspicuously absent from the site, deviating from the norms of legitimate operations. The company name listed is fictitious. The domain was recently registered, only 27 days ago at the time of investigation. No customer support phone numbers are provided. The profit guarantee plans advertised on the website are not genuine. What is a crypto investment scam?

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

Date of registration: December 25, 2023
Expiration: December 25, 2024
First detected: January 21, 2024
Registrar: OwnRegistrar, Inc.
Hosted by: Beak.host
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 seemingly legitimate chat groups on these platforms, inviting individuals to join communities that discuss investment strategies and celebrate financial wins. They provide “updates” on the impressive performance of their funds, but all communication is carefully restricted to text, avoiding voice or video calls that could reveal their true identities or betray their lack of expertise. These groups often buzz with activity, boasting thousands of members. However, this bustling environment is frequently a facade, with many participants being bots designed to mimic real users, thus creating the illusion of a thriving investment hub.

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This false sense of success and popularity helps to convince genuine investors of the scam’s legitimacy. Scammers are adept at offering reassurance, posting fake testimonials and doctored payout records to showcase their “success.” They push for quick investments, citing the urgency of fleeting opportunities and the exclusivity of their advice. Yet, when the scam is at risk of exposure, they vanish—shutting down websites and chat groups, only to reemerge under a new guise.

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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