Infinite-traders.org has been reported for running a crypto scam. The website lacks customer support phone numbers and does not display a business address, which is a major red flag for legitimacy. No social media accounts are associated with the project. The website operates under a fictitious company name and is owned by a company or individuals from overseas. The domain name was registered only 32 days ago. The site’s tiered profit guarantee plans are bogus, and the language used on various pages is copied from numerous other scam websites. Legitimate reviews about this project are nonexistent according to our research. Several pages contain default content and placeholder text. What is a crypto investment scam?
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|❌ No Phone Numbers
❌ No Social Media
❌ Foreign Company
❌ Fake Profit Guarantee
❌ No Reviews
|❌ No Address Found
❌ Fake Business Name
❌ Recently Registered
❌ Copycat Content
❌ Unfinished Website
Date of registration: December 28, 2023
Expiration: December 28, 2024
First detected: January 29, 2024
Registrar: HOSTINGER operations, UAB www.hostinger.com
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 fraudulent schemes often promise daily or weekly returns that can be as high as 50% of the initial investment, which is an unrealistic and deceptive claim. Once the scammers have successfully convinced individuals to part with their money, they don’t stop there. If they sense skepticism or hesitation, they may double down on their deceit by introducing a secondary scam.
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This involves a so-called recovery company, which is actually just another facet of the scam. This new company falsely presents itself as an expert in retrieving lost crypto funds, but it’s all a ruse. They ask for an upfront fee, claiming they will track down the original scammers and recover the lost funds. However, due to the irreversible nature of cryptocurrency transactions, this is impossible. In the end, the scammers pocket the fee and disappear, leaving the victim at a loss once again.
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