Sovlance.com is implicated in running a crypto scam with its profit guarantee plans revealed as fraudulent. The company name used by the website is fictitious, and no customer support contact numbers are available. When the website launched, placeholder texts were evident, indicating a lack of attention to detail. Content on various pages is not original; it has been copied from other scam websites. Genuine websites typically provide a business address, but none could be found on sovlance.com. Verified or credible reviews about this project are absent. The website’s management traces back to a foreign entity or individuals. The domain name for sovlance.com was registered only 35 days ago at the time of this report, suggesting a very new and unestablished operation. Additionally, no associated social media accounts for the project have been located. What is a crypto investment scam?

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

Date of registration: January 10, 2024
Expiration: January 10, 2025
First detected: February 14, 2024
Registrar: HOSTINGER operations, UAB
Hosted by: Dns-parking.com
Ownership: Unknown

What is a crypto investment scam?

Cryptocurrency investment scams lure unsuspecting individuals with the allure of exceptionally high returns that are typically impossible to achieve. These scams promise astronomical profit margins, often suggesting that investors can expect daily or weekly returns of 5% to 20%, or in some cases, even higher. To avoid being exposed and to sidestep any negative feedback, these fraudulent operations frequently cycle through newly registered domain names, effectively playing a game of digital hide-and-seek. They tend to avoid providing any legitimate customer support contact details, such as phone numbers, and they usually lack any credible presence on well-known social media platforms, which could otherwise be used to vet their authenticity.

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The glowing testimonials presented on these scam websites are nothing more than fabrications designed to entice and deceive. Unfortunately, for those who have been duped into sending money to these scammers, the chances of retrieving the lost funds are slim to none, given the irreversible nature of cryptocurrency transactions. The decentralized and anonymous aspects of cryptocurrencies make it extremely difficult to trace and recover lost assets.

Report Scams to Government Agencies:
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Federal Bureau of Investigations (FBI) – Submit a Report
U.S. Postal Inspection Service (USPIS) –Submit a Report

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