Octratex.org has been detected running a crypto scam, using a fake company name. The project lacks social media accounts, and the website provides no customer support phone numbers. Many pages contain default content and placeholder text. The profit guarantee plans offered are fraudulent. The domain name is new, registered for only 32 days at the time of this report. Website content is copied from other similar scam websites. The absence of a business address on the pages is a major red flag for legitimacy. Legitimate reviews about this project are unverifiable and absent from research findings. A foreign entity owns and operates the website. What is a crypto investment scam?
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|❌ Fake Business Name
❌ No Phone Numbers
❌ Fake Profit Guarantee
❌ Copycat Content
❌ No Reviews
|❌ No Social Media
❌ Unfinished Website
❌ Recently Registered
❌ No Address Found
❌ Foreign Company
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 scams often promise daily or weekly returns that are exceptionally high, sometimes suggesting that an investor could see up to a 50% return on their investment in a very short period. These promises are not just overly optimistic; they are outright lies designed to trap the unwary. Once the scammers have your funds, and you begin to question their legitimacy, they might escalate their scheme. They could approach you under the guise of a different company, one that purports to have expertise in the recovery of lost cryptocurrency assets.
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This new company will claim they can help you retrieve your funds from the initial scam, but they will demand payment for their services upfront. However, this is simply another layer of the scam. They prey on the hope of victims to recover their losses, knowing full well that cryptocurrency transactions are final and cannot be reversed. After extracting these additional fees from their victims, the scammers typically disappear, leaving the individual at a compounded loss. It’s a harsh reminder that in the world of cryptocurrency, if something seems too good to be true, it probably is.
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