Qextrade.com is running a crypto scam. The domain name is new, registered only 29 days ago. It operates under a fictitious company name and offers tiered profit guarantee plans that are fake. The language on the website is copied from other scam sites. Many pages are unfinished, containing default content and placeholders. A genuine website typically provides a business address, but none could be found on any of the pages. There are no social media accounts associated with the project. Legitimate reviews about the project are nonexistent. The website lacks any customer support phone numbers. The evidence strongly indicates that the operation is based abroad. What is a crypto investment scam?

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

Date of registration: January 06, 2024
Expiration: January 06, 2025
First detected: February 04, 2024
Registrar: Hosting Concepts B.V. d/b/a Registrar.eu
Hosted by: Cloudoon.com
Ownership: Unknown

What is a crypto investment scam?

Cryptocurrency investment scams have become a global issue, with fraudulent schemes luring investors with the promise of exorbitant returns that are often touted as guaranteed daily or weekly profits. These deceptive operations are frequently based in international locations known as digital crime havens, which are strategically chosen for their lax regulations and the difficulty they pose to U.S. and other global regulatory authorities. By establishing their fraudulent enterprises in these areas, scammers are afforded a degree of anonymity and legal obscurity, which significantly hampers the efforts of law enforcement to pursue and bring them to justice.

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The offshore nature of these scams not only provides a shield for the perpetrators but also presents a formidable barrier for victims seeking to reclaim their investments. Once the scammers decide to vanish, they can exploit the intricate web of international laws and the lack of cross-border enforcement cooperation, leaving victims with little recourse. The complexity of tracking these criminals across borders, coupled with the often unregulated environment of the cryptocurrency market, makes it an uphill battle for authorities and a risky venture for investors.

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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