Paxostrade.org is running a crypto scam, with wording on its pages copied from other fraudulent websites. The site lacks social media accounts and the domain name was registered only 24 days ago. There are no legitimate reviews about this project. Evidence suggests it operates from abroad. Genuine websites typically provide a business address, but none can be found on any of the site’s pages. The website lacks contact numbers for customer support and operates under a fictitious company name. Many pages are unfinished, featuring default content and temporary text. The profit guarantee plans offered on the website are not real. What is a crypto investment scam?

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

Date of registration: January 05, 2024
Expiration: January 05, 2025
First detected: January 29, 2024
Registrar: NAMECHEAP INC www.namecheap.com
Hosted by: Namecheaphosting.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 a barrage of technical terms and complex language designed to bewilder and persuade people of their authenticity. Scammers might boast about having exclusive, high-tech algorithms or advanced crypto-mining operations that can yield extraordinary market returns. However, these purported technologies are frequently either entirely fabricated or grossly exaggerated. To widen their net, scammers commonly utilize social media platforms and influencer endorsements, crafting a facade of trustworthiness with counterfeit testimonials.

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They might also present themselves as elite investment groups or circles, offering so-called “insider” information for a fee or investment, creating a false sense of exclusivity and urgency with “once-in-a-lifetime” opportunities to compel hasty decisions. Victims often discover too late that their accounts are locked or that the customer support is unhelpful or non-existent. In the worst scenarios, the fraudulent platforms vanish without a trace, taking the investors’ funds with them. Due to the irreversible nature of cryptocurrency transactions, recovering lost funds is typically a futile endeavor, leaving victims with little recourse.

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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