Extrapowercoin.net is running a crypto scam and is controlled by an overseas organization or individuals. A genuine website typically provides a business address, but no such information was found on any of the site’s pages. The company name the website operates under isn’t real. The content on various pages is copied from other similar scam websites. The domain name was registered only 30 days ago. There are no social media accounts associated with this project. The website lacks customer support phone numbers. It was hastily launched with many placeholders still visible. The profit guarantee plans offered on the website are not genuine. Legitimate reviews about this project are nowhere to be found. What is a crypto investment scam?
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|❌ Foreign Company
❌ Fake Business Name
❌ Recently Registered
❌ No Phone Numbers
❌ Fake Profit Guarantee
|❌ No Address Found
❌ Copycat Content
❌ No Social Media
❌ Unfinished Website
❌ No Reviews
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 becoming increasingly sophisticated, using high-quality websites that promise significant returns through purportedly expert trading or innovative investment tactics. These platforms often feature advanced, high-tech interfaces and showcase false trading histories that depict steady profits, seemingly unaffected by the volatile crypto markets. They entice investors with the allure of low-risk opportunities that purportedly capitalize on market fluctuations to yield high returns. To enhance their facade of legitimacy, these fraudulent websites may include fake customer testimonials, display security verification badges, and provide customer service contacts that are actually part of the scam operation.
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They might also 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. However, as they gain the investor’s trust, they encourage heftier investments. When investors attempt to withdraw their funds, they’re often met with unexpected fees, unexplained withdrawal delays, or complete refusal of access to their accounts. In some dire scenarios, the scam platform may abruptly go offline, with the perpetrators vanishing with the investors’ money. The anonymity of cryptocurrency transactions makes it exceedingly challenging to track down these scammers, leaving victims with slim chances of recovering their lost investments.
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