Gainsvaults.com is operating a crypto scam with all evidence suggesting the website is managed from overseas. The domain name was registered only 28 days ago, and the website lacks any customer support phone numbers. No social media accounts are associated with this project, and no legitimate reviews could be found or verified. The absence of a business address on the website’s pages is a significant red flag. Claims of profit guarantees on the website are false; funds deposited are not returned. The company name listed on the website is not authentic. The content on various pages is plagiarized from other fraudulent websites, and placeholder texts were still visible when the site went live. What is a crypto investment scam?
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|❌ Foreign Company
❌ No Phone Numbers
❌ No Reviews
❌ Fake Profit Guarantee
❌ Copycat Content
|❌ Recently Registered
❌ No Social Media
❌ No Address Found
❌ Fake Business Name
❌ Unfinished Website
Date of registration: January 07, 2024
Expiration: January 07, 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, as they entice potential investors with the allure of quick and substantial profits. These scams often promise daily or weekly returns that can be as high as 50% of the initial investment, which is an unrealistic and deceptive claim. The scammers are skilled at persuading individuals to part with their money, and once they sense skepticism, they double down on their deceit. In an elaborate ruse, victims may be contacted by another company, purportedly specializing in the recovery of lost crypto funds.
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This secondary scam preys on the hope of retrieving the lost investment, but it is merely another layer of the con. The so-called recovery company will demand an upfront fee for their services, claiming they can track down the scammers and reverse the transactions. However, due to the irreversible nature of cryptocurrency transactions, this is an impossible task. The victims, now duped a second time, are left without recourse as the scammers disappear with the additional fees, leaving a trail of financial loss and betrayal.
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