Nexotradex.com has come under scrutiny for conducting a cryptocurrency scam. A business address is conspicuously absent from the website, deviating from the norm for reputable entities. The domain was recently registered, only 28 days prior to this report. The project lacks associated social media accounts. Visitors encounter numerous incomplete pages throughout the site, replete with default text and placeholders. Claims of guaranteed profits on the website are fraudulent; funds deposited are not returned. Ownership of the website traces back to a foreign entity or individuals. Customer support is unattainable as no contact phone numbers are provided. The operating company name listed is fictitious. Efforts to find or verify legitimate reviews about this project have been fruitless. Lastly, the content on the website is not original; it mirrors material from other known scam sites. What is a crypto investment scam?

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

Date of registration: January 07, 2024
Expiration: January 07, 2025
First detected: February 04, 2024
Registrar: Atak Domain apiname.com
Hosted by: Dns-parking.com
Ownership: Unknown

What is a crypto investment scam?

Cryptocurrency investment scams capitalize on the mystique surrounding emerging technologies to lure in potential investors. These scams often employ intricate technical terminology and complex jargon, deliberately designed to overwhelm and mislead people into believing they are legitimate opportunities. Scammers might boast about having exclusive, high-performance algorithms or advanced crypto-mining operations that can supposedly yield exceptional market returns. However, these purported technologies are frequently either grossly exaggerated or entirely fictitious. To widen their net, scammers frequently turn to social media and influencer marketing, using counterfeit endorsements and fabricated success stories to build an aura of credibility. They may also present themselves as elite investment groups or communities, offering so-called “insider information” in exchange for joining fees or direct investments.

totalscam_lock

Weekly Scam Alerts - Free Service

Get notified when new scams are exposed!

Scammers never stop devising schemes to separate us from our hard-earned money. So, make sure to sign up for our weekly email scam alerts. TotalScam!™ Alert will notify you as soon new scams are discovered.

These schemes typically create a false sense of scarcity and urgency with “once-in-a-lifetime offers” to push people into hasty and ill-advised financial decisions. Victims of these scams often encounter sudden account lockouts or find themselves facing unresponsive customer support. In more extreme scenarios, the entire investment platform may vanish overnight, taking the investors’ funds with it. Due to the irreversible nature of cryptocurrency transactions and the decentralized framework of these digital assets, victims are left with little to no recourse for recovering their lost investments

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

How useful was this report?

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

Get notified as soon as new scams are detected!

Follow us on social media: