Smarttradesfx.com has been identified as a crypto scam. The website launched with many pages still showing incomplete and placeholder content. It claims to be run by a company that doesn’t actually exist. A genuine website typically includes a business address, but none could be found on any of the site’s pages. Attempts to find legitimate reviews about this project were unsuccessful. Ownership of the website traces back to a foreign entity, and no social media accounts for the project were discovered. The domain name was registered only 27 days ago. The profit guarantee plans advertised on the website are deceptive. Text on various pages appears to have been plagiarized from other fraudulent websites. Additionally, the site lacks any customer support phone numbers. What is a crypto investment scam?

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

Date of registration: January 08, 2024
Expiration: January 08, 2025
First detected: February 04, 2024
Registrar: GMO Internet Group, Inc. d/b/a Onamae.com
Hosted by: Com.ng
Ownership: Unknown

What is a crypto investment scam?

Cryptocurrency investment scams lure individuals with the promise of exorbitant and often implausible returns, frequently assuring consistent daily or weekly profits. These deceptive operations are commonly based overseas, which presents a significant obstacle for law enforcement agencies in tracking and prosecuting the perpetrators. The international aspect of these scams exacerbates the difficulty of retrieving any funds that victims may lose. In an effort to build credibility, some scam operations may initially disburse a small return to their investors.

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This strategy is designed to manufacture an illusion of authenticity, convincing investors of the scheme’s validity and prompting them to invest larger sums of money. However, these early payouts are not the result of any real investment activity; they are merely part of the scam’s strategy to draw investors deeper into the scheme, ultimately leading to greater financial 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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