Luminaryoption.com has been identified as a fraudulent cryptocurrency exchange. It lures investors with the promise of substantial profits. However, once the investment is made, the fraudsters abscond with the funds. This scam came to light when the website was just 84 days old. The site purports to operate under a business name that lacks registration with the state secretary. Several pages on the site are still under construction, populated with pre-set content and placeholder text. Notably, there are no reviews available on any major review platforms.
A crypto exchange scam is a fraudulent scheme where a fake cryptocurrency exchange entices investors with the promise of high returns. Once the investment is made, the scammers disappear with the funds, leaving the investor with significant losses. These scams often operate under unregistered business names and lack legitimate reviews.