Profitcoinestablishment.com is running a crypto scam. The website lacks contact numbers for customer support. Many pages are unfinished, featuring default content and placeholder text. The domain name was registered only 28 days ago at the time of this report. The profit guarantee plans offered are fraudulent. The website has no social media presence. A business address is missing from the site, which deviates from legitimate business practices. There are no verifiable reviews for this project. Ownership of the site traces back to a company or individuals based overseas. Content on various pages is plagiarized from other fraudulent websites. The website claims to be operated by a non-existent company. What is a crypto investment scam?
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|❌ No Phone Numbers
❌ Recently Registered
❌ No Social Media
❌ No Reviews
❌ Copycat Content
|❌ Unfinished Website
❌ Fake Profit Guarantee
❌ No Address Found
❌ Foreign Company
❌ Fake Business Name
Date of registration: January 07, 2024
Expiration: January 07, 2025
First detected: February 04, 2024
Registrar: HOSTINGER operations, UAB
Hosted by: Dns-parking.com
What is a crypto investment scam?
Cryptocurrency investment scams are a growing concern, enticing unsuspecting individuals with the allure of quick and substantial profits. These scammers promise astronomical returns, often suggesting that investors can expect daily or weekly earnings that can reach up to an incredible 50% of their original investment. These claims are, without exception, fraudulent and designed to ensnare victims in their scheme. Once the scammers have successfully extracted funds from their victims, they don’t simply disappear. If they sense skepticism or the threat of exposure, they may double down on their deceit.
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They do this by introducing a second sham company, which purports to have the expertise in recovering lost crypto funds. This new company will claim they can help retrieve the stolen investment for a fee. However, this is just an extension of the original scam. They will ask for payment upfront, claiming they need it to track down the initial fraudsters and reverse the transactions. But the harsh reality is that cryptocurrency transactions are designed to be final and irreversible. In the end, these scammers will pocket the additional fees and disappear, leaving the victim at a compounded loss.
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