Theoil-profit.net is running a crypto scam. No social media accounts are linked to this project, and the website was rushed to go live with many placeholders still present. Legitimate websites typically display the business address, but no such information is present on any of the pages. The domain name was registered only 40 days ago. The verbiage on various pages has been copied from other similar scam websites. Ownership and operation of the site trace back to an overseas organization or individuals. The website’s profit guarantee is fake; once funds are deposited, they are not returned. No legitimate reviews about this project could be verified. The website operates under a made-up company name and lacks any phone numbers for customer support. What is a crypto investment scam?

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

Date of registration: December 20, 2023
Expiration: December 20, 2024
First detected: January 29, 2024
Registrar: MainReg INC.
Hosted by: Cloudflare.com
Ownership: Unknown

What is a crypto investment scam?

Cryptocurrency investment scams are becoming increasingly sophisticated, using high-quality websites that promise significant returns through purportedly expert trading tactics or advanced investment strategies. These platforms often feature sleek, high-tech designs and showcase false trading histories that depict consistent profits, seemingly unaffected by the volatile nature of the crypto markets. They entice investors with the allure of low-risk opportunities that claim to capitalize on market fluctuations to deliver substantial gains. To enhance their facade of legitimacy, these fraudulent websites may include fake customer testimonials, display security verification badges, and provide customer service contact details that are actually part of the scam operation.

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They frequently promote referral programs, offering bonuses for recruiting new investors, which is a hallmark of a Ponzi scheme. Initially, these scams may ask for modest deposits to build trust. However, once they have gained an investor’s confidence, they push for larger sums of money. When investors attempt to withdraw their earnings or their initial investment, they are often met with unexpected fees, unexplained withdrawal delays, or complete refusal of fund access. In some dire scenarios, the scam platform may abruptly go offline, with the perpetrators vanishing with the investors’ capital. The anonymity inherent in cryptocurrency transactions makes it exceedingly challenging to track

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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