Oliveinvestmenttrades.com is running a crypto scam. The website lacks customer support phone numbers. The profit guarantee plans are sham. It is managed by a foreign business or individuals without a visible business address, which deviates from legitimate website practices. Many pages contain only placeholder content. The site uses a fictitious company name and the domain name was registered only 26 days ago. There are no verifiable reviews for this project. The language on the site is copied from other deceptive websites, and no social media accounts for the project could be found. What is a crypto investment scam?
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|❌ No Phone Numbers
❌ Foreign Company
❌ Unfinished Website
❌ Recently Registered
❌ Copycat Content
|❌ Fake Profit Guarantee
❌ No Address Found
❌ Fake Business Name
❌ No Reviews
❌ No Social Media
Date of registration: January 09, 2024
Expiration: January 09, 2025
First detected: February 04, 2024
Registrar: Global Domain Group LLC
Hosted by: Asurahosting.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 can be as high as 50% of the initial investment, which is an unrealistic and deceptive claim. The scammers are skilled at creating a sense of urgency and legitimacy, but their only goal is to defraud unsuspecting individuals. Once the scammers have successfully siphoned off funds from their victims, they don’t simply disappear. If they sense skepticism or hesitation from the victim, they may double down on their deceit. They do this by introducing a new, fraudulent company that pretends to have the expertise to recover lost crypto funds.
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This supposed recovery agency will claim they can help retrieve the stolen assets for a fee. However, this is just another layer of the scam. Victims are asked to pay an upfront fee for the recovery services, but the harsh reality is that cryptocurrency transactions are designed to be irreversible. This means that once the fee is paid, the scammers will pocket it and disappear, leaving the victim at a further loss. It’s a cruel cycle of deception that preys on hope and the desire to rectify a financial wrong.
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