The website stellar-adnoc.com is implicated in a crypto scam, presenting itself under a fictitious company name. A genuine website typically provides a business address, yet none can be found on any of the site’s pages. The domain name was registered only 31 days ago, which raises suspicion. The project lacks associated social media accounts, and there are no legitimate reviews that could be verified. It appears the website is operated from overseas. The profit guarantee plans advertised on the site are not authentic. The website lacks contact numbers for customer support and launched with many pages still containing incomplete and placeholder content. The language used on various pages is not original; it has been copied from numerous other fraudulent websites. What is a crypto investment scam?
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|❌ Fake Business Name
❌ Recently Registered
❌ No Reviews
❌ Fake Profit Guarantee
❌ Unfinished Website
|❌ No Address Found
❌ No Social Media
❌ Foreign Company
❌ No Phone Numbers
❌ Copycat Content
Date of registration: December 29, 2023
Expiration: December 29, 2024
First detected: January 29, 2024
Registrar: NAMECHEAP INC www.namecheap.com
Hosted by: Namecheaphosting.com
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 unsustainable rate. The scammers are skilled in crafting a narrative of guaranteed wealth, but their promises are nothing more than a mirage designed to deceive. Once the scammers have successfully persuaded individuals to part with their money, they don’t stop there. If they sense skepticism or hesitation from their victims, they may employ an additional layer of fraud.
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They introduce a second, seemingly unrelated company that claims expertise in recovering lost cryptocurrency funds. This new company insists on charging a fee for their recovery services, but this is just another facet of the scam. They prey on the hope of their victims, asking for upfront payment with the false assurance that they can reclaim the lost funds. However, due to the immutable nature of blockchain transactions, once the fee is paid, the scammers disappear, leaving the victim with an even greater loss.
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