Safecryptotradex.com has been implicated in a cryptocurrency scam. The website lacks customer support phone numbers, and no legitimate reviews about the project could be verified or found. The domain name for safecryptotradex.com was registered only 27 days ago at the time of this report. Several pages contain default content and placeholder text. It appears the website is operated from overseas, and the company name used is not legitimate. The profit guarantee plans advertised on the website are fictitious. There are no associated social media accounts for this project. Text on various pages has been plagiarized from other fraudulent websites. A significant concern is the absence of a business address on the website, which is a common indicator of legitimacy. What is a crypto investment scam?

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

Date of registration: February 06, 2024
Expiration: February 06, 2025
First detected: March 04, 2024
Registrar: DYNADOT LLC www.dynadot.com
Hosted by: Whukns.com
Ownership: Unknown

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 as much as 50% of the initial investment, which is an unrealistic and unfounded claim. The scammers are skilled in deception, and once they have successfully acquired funds from their victims, they don’t stop there. If they sense skepticism or hesitation, they may double down on their efforts by introducing a secondary scam. This involves a so-called recovery company, which is actually just another facet of the scam.

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This new company fraudulently offers to help recover the lost crypto funds for a fee. They exploit the victim’s desperation to retrieve their investment by asking for an upfront payment, claiming they can track down the scammers and reverse the transactions. However, the nature of cryptocurrency transactions is such that they are final and cannot be reversed. In the end, the scammers disappear with the additional fee, leaving the victim with compounded losses.

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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