Spanprime.com is running a crypto scam. The website contains many pages with only placeholder content. All profit guarantee plans offered are fraudulent. The site is owned and operated by an overseas organization or individuals. There are no phone numbers for customer support, and the absence of a business address on any of the pages is a major red flag. Legitimate reviews about this project are nonexistent. The content on various pages is duplicated from similar scam websites. No social media accounts for this project were found. The company name stated on the website is false, and the domain name has been registered for a mere 21 days at the time of this report. What is a crypto investment scam?

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

Date of registration: February 14, 2024
Expiration: February 14, 2025
First detected: March 06, 2024
Registrar: NameSilo, LLC www.namesilo.com/
Hosted by: Naijawebhost.com
Ownership: Unknown

What is a crypto investment scam?

Cryptocurrency investment scams capitalize on the mystique surrounding cutting-edge technology to lure in victims. These scams often involve convoluted terminology and advanced tech-speak to bewilder and persuade people that they are legitimate opportunities. Scammers might boast about having exclusive, high-tech algorithms or crypto-mining operations that can yield extraordinary market returns. However, these purported technologies are frequently either non-existent or grossly exaggerated. To widen their net, scammers commonly utilize social media and influencer endorsements, crafting a facade of trustworthiness with fabricated reviews and testimonials. They may also present themselves as elite investment groups or circles, offering so-called “insider” information for a fee or investment commitment.

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These schemes typically create a false sense of scarcity and urgency with “once-in-a-lifetime” offers to push individuals into hasty, ill-advised decisions. Victims often discover too late that their accounts are locked or that support is unresponsive, and in some dire scenarios, the entire investment platform vanishes overnight, taking the investors’ funds with it. Due to the irreversible nature of cryptocurrency transactions, recovering lost funds is usually an insurmountable challenge for those who have been duped.

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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