We have detected that folioxtrading.com is operating a crypto scam. The website is managed by a foreign business or individuals. The domain name has been registered for only about 26 days, which is unusually short for a legitimate operation. A genuine website typically provides a business address, but our search found no such information on any of the pages. The website lacks customer support phone numbers. The company name stated on the website is false. There are no verifiable reviews for the project. The scammers appear to have rushed to go live, leading to many pages containing default content and placeholder text. The profit guarantee plans offered on the website are fraudulent. The website’s content has been copied from other similar scams. We found no social media accounts associated with this project. What is a crypto investment scam?

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

Date of registration: January 09, 2024
Expiration: January 09, 2025
First detected: February 04, 2024
Registrar: HOSTINGER operations, UAB
Hosted by: Dns-parking.com
Ownership: Unknown

What is a crypto investment scam?

As cryptocurrency gains popularity, so do the scams associated with it, particularly through messaging platforms like WhatsApp, Telegram, and Discord. Scammers create chat groups on these platforms, posing as investment communities. They entice users with discussions on investment strategies, share fabricated success stories, and provide false updates on the performance of their “funds.” These scammers communicate exclusively through text to avoid revealing their identities or betraying their lack of expertise through voice or video calls. These groups often seem active and populated with thousands of members, but many participants are actually bots designed to mimic real users, creating the illusion of a vibrant, successful community.

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This false sense of popularity adds a layer of perceived legitimacy, which can be very convincing for potential investors. Scammers post fake testimonials and altered payout records to show profitability and urge members to invest quickly, claiming the opportunities are exclusive and time-sensitive. When the scam is at risk of being uncovered, the scammers quickly dismantle their web of deceit, closing down websites and chat groups, only to reemerge under a new guise. They launch new sites with content barely altered from the original, making it hard to track them down. This cycle continues, ensnaring new victims while the scammers’ previous actions become harder

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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