Newvest.online is running a crypto scam. The scammers rushed to go live, resulting in many pages containing default content and placeholder text. The wording on different pages has been copied from numerous other fraudulent websites. The website lacks any customer support phone numbers. No social media accounts are associated with this project. The domain name was registered recently, just 26 days ago. There are no verifiable reviews for the project. The website claims to be operated by a fictitious company. No business address is provided on any of the pages, which is unusual for a trustworthy website. The profit guarantee plans presented on the website are fake. All evidence suggests the website is operated from overseas. What is a crypto investment scam?

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

Date of registration: January 03, 2024
Expiration: January 03, 2025
First detected: January 29, 2024
Registrar: Hostinger Operations, UAB www.hostinger.com
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 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 attempt to further exploit their victims, the scammers may introduce a secondary fraudulent company, masquerading as a specialist in the recovery of lost crypto funds. This new scam preys on the victim’s hope to reclaim their lost assets, offering services for a fee.

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They insist on an upfront payment, claiming they will track down the original scammers and retrieve the stolen cryptocurrency. However, this is just another layer of the scam. Given the irreversible nature of cryptocurrency transactions, these so-called recovery experts have no intention of helping. Instead, they pocket the fee and disappear, leaving the victim at a loss once again. It’s a harsh reminder that in the volatile world of cryptocurrency, if something seems too good to be true, it probably is.

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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