Mercadotrades.com is running a crypto scam. The website lacks social media accounts and uses a fake company name. Verified reviews for this project are nonexistent. The language on multiple pages is plagiarized from other deceptive websites. The site does not provide a physical address for the business. Its tiered profit guarantee plans are bogus. The domain name was registered only 29 days ago. There are no phone numbers for customer support. A foreign business or individuals manage the website. Many pages on the site contain placeholder content and remain empty. What is a crypto investment scam?

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

Date of registration: December 31, 2023
Expiration: December 31, 2024
First detected: January 29, 2024
Registrar: Hosting Concepts B.V. d/b/a Registrar.eu
Hosted by: Dns-parking.com
Ownership: Unknown

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 unfounded claim. The scammers’ primary goal is to persuade individuals to part with their money under the guise of a lucrative opportunity. Once they have successfully extracted funds and the investor begins to question the legitimacy of the scheme, the scammers may double down on their deceit.

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They do this by introducing a secondary scam, posing as a company that claims expertise in recovering lost cryptocurrency funds. This new scam preys on the victim’s desire to recoup their losses, charging them a fee for services that are, in reality, non-existent. They exploit the irreversible nature of cryptocurrency transactions, asking for an upfront payment to supposedly track down the original fraudsters and reverse the transaction. In the end, the scammers disappear with the additional fee, leaving the investor defrauded once again.

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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