Thefinancialstock.com
Analysis
The website known as Thefinancialstock.com has been identified as a fraudulent crypto exchange. The perpetrators behind it promise significant growth on your investment, only to vanish after you’ve handed over your money. Interestingly, this scam was uncovered when the website was just 79 days old. Many pages on the site are unfinished and filled with preset content and placeholder text. A glaring red flag is the complete absence of any social media presence for the company. Furthermore, the website is registered to a company based overseas.
In essence, a crypto exchange scam is when a fraudulent website acts as a cryptocurrency exchange platform. They entice users with promises of high returns on investments, but after the users transfer their money, the scammers simply disappear, leaving the users with significant financial losses.
Red Flags
Foreign company
Recently registered
Unfinished website
Missing Information
No reviews
No social media
Scam Explainer
A crypto exchange scam refers to fraudulent activities associated with cryptocurrency trading platforms. Scammers often create fake exchanges to lure individuals into depositing cryptocurrencies. These exchanges often exhibit an alluring user interface, and may seem quite legitimate at first glance.
The scam mainly revolves around attracting users with irresistible offers. Scammers promise incredibly high returns or discounts on cryptocurrency purchases. Offering exceptionally low trading fees is another common tactic. They may also lure people with free giveaways or bonus cryptocurrencies after initial deposits.
Once a user deposit their cryptocurrencies, scammers take control. They might disable the users' access to their accounts or the platform may disappear overnight. In such cases, users find themselves unable to retrieve their deposited cryptocurrencies. Remember, crypto transactions are irreversible. Hence, once lost, it's nearly impossible to recover the assets.
It's thus critical to verify the authenticity of a crypto exchange before making any transactions. Apart from this, checking online reviews and the exchange's operational history can be of help.
Latest investigations
Crypto scams
Hugovest.com
Hugovest.com, a website that’s barely three months old, has been flagged as a potential cryptocurrency scam. The site lures investors with the promise of high returns on their investments. However, once the investment is made, the individuals behind the site disappear, taking the money with them. The address provided on the website for the business […]
Investment scams
Uniquecsntrade.com
The website Uniquecsntrade.com is under scrutiny for being a fraudulent investment platform. This scam was identified when the site was just over a month old. Disturbingly, there’s no direct customer support contact available. The illustrations on the site don’t accurately represent the product they’re selling. The partnership claims on the company’s site are false, and […]
Investment scams
Newsreportzone.com
A new website, Newsreportzone.com, runs a scam promising big returns on investments. After you invest, the scammers vanish with your money. An overseas group or individuals control the site. The business address listed is fake, and the phone numbers are disconnected. The company has no followers on its social media accounts, making it clear that […]
Investment scams
Orexdigitalholdings.com
Orexdigitalholdings.com has been flagged as an investment scam. Promising significant returns, they lure investors in, only to vanish with the funds. The website, lacking a customer service phone number, was registered just 79 days ago and lists a fake business address. Potential investors should exercise caution and verify the legitimacy of such platforms before committing […]
Investment scams
Automotivetradeplatform.com
Automotivetradeplatform.com tricks people into investing by promising big returns. Once you invest, the scammers disappear with your cash. The site doesn’t have any social media accounts. The scam came to light when the site was just 120 days old. There’s no phone number for customer support on the site. The company isn’t listed on major […]
© 2022 Marketing Space LLC - All Rights Reserved