Essentialglobaltrading.com has been identified as a cryptocurrency scam. It operates under a fictitious company name and the content on its pages is plagiarized from numerous other fraudulent websites. The site is run by a company or individuals based overseas. There are no credible reviews for this operation. The website’s promise of guaranteed profits is deceptive; once funds are deposited, they are not returned. The domain name was registered only 30 days ago. Customer support phone numbers are not provided on the site. There are no social media profiles associated with this entity. Many pages on the website are incomplete, featuring default text and placeholders. The lack of a physical business address on the website is a significant warning sign of its illegitimacy. What is a crypto investment scam?
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|❌ Fake Business Name
❌ Foreign Company
❌ Fake Profit Guarantee
❌ No Phone Numbers
❌ Unfinished Website
|❌ Copycat Content
❌ No Reviews
❌ Recently Registered
❌ No Social Media
❌ No Address Found
Date of registration: January 05, 2024
Expiration: January 05, 2025
First detected: February 04, 2024
Registrar: HOSTINGER operations, UAB
Hosted by: Dns-parking.com
What is a crypto investment scam?
Cryptocurrency investment scams are a growing concern, enticing victims with the allure of quick and substantial profits. These schemes 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 as such returns are unrealistic and unsustainable. The scammers are adept at creating a facade of legitimacy and potential wealth, but their promises are nothing more than a mirage. Once the scammers have successfully siphoned off funds from their victims, they don’t simply disappear. If they sense skepticism or the potential for more money to be made, they may double down on their deceit.
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They do this by posing as a separate company that claims to have the expertise to recover lost crypto funds. This supposed recovery firm is, in fact, just another layer of the scam, preying on the hope and desperation of their victims. They will ask for an upfront fee, supposedly to track down the initial scammers and restore the stolen assets. However, the nature of cryptocurrency transactions, which are designed to be final and irreversible, makes this promise empty. The so-called recovery firm is just another con, and they will abscond with the additional fees,
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