Novaexchange.live is reported for being a crypto scam. The domain name was registered only 30 days ago. The website’s tiered profit guarantee plans are bogus. Evidence suggests the website is operated from overseas. The wording on different pages has been copied from other fraudulent websites. This project lacks social media accounts. Numerous pages are filled only with placeholder content. The claimed company name on the website does not exist. There are no phone numbers for customer support. No legitimate reviews about this project have been verified or found. Despite efforts, no business address is listed on any of the pages, which is unusual for a trustworthy website. What is a crypto investment scam?

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

Date of registration: December 30, 2023
Expiration: December 30, 2024
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. Once the scammers have successfully persuaded 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. This involves a so-called recovery company that pretends to have the expertise to reclaim lost crypto funds.

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They assert that they can help victims retrieve their investments for a fee. However, this is just another layer of the scam. These fake recovery agents ask for payment upfront, claiming they will track down the original fraudsters and reverse the transactions. But the reality is that cryptocurrency transactions are designed to be final and irreversible. In the end, the scammers pocket the additional fees and disappear, leaving the victim at a greater loss.

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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