Intrexproject.com

Crypto scams

https://intrexproject.com

Analysis

Consumers have flagged Intrexproject.com as a fraudulent cryptocurrency platform. This website, which is a recent addition to the internet, is only 110 days old as of this report. The platform promises significant returns on investments, but once you invest, your money is taken by the scammers. Unfortunately, there’s no customer service phone number provided on the site. The address listed for the company on the website is also false. The company’s presence on social media is practically invisible, and it’s not registered in the state it claims to operate from.

A crypto scam is a fraudulent scheme that involves the use of cryptocurrencies. The scammer typically promises high returns on investments in digital currencies, but once the victim invests, they disappear with the money. These scams often operate through websites that lack authentic contact information and are not registered in their claimed operating locations.

Red Flags

Fake address

Fake business name

Recently registered

Missing Information

No phone numbers

No social media

Scam Explainer

Crypto scams involve fraudulent schemes that lure individuals into investing in cryptocurrencies. Scammers promise quick, high returns or even a guaranteed profit. Such promises are usually too good to be true, and that's a primary red flag. Scammers often use social media platforms for advertising their schemes. They use influential figures without their consent, creating a sense of trustworthiness. Images and logos of well-known companies are also used to appear legitimate. Another method is phishing, where scammers trick people into giving away their personal crypto account details. They do this through fake emails or websites that imitate real crypto exchanges. Ponzi and pyramid schemes are common in the crypto world. Early investors are paid using the investment of newer participants. Such schemes are unsustainable, leading to losses for those who join late. Finally, pump and dump' schemes are prevalent. The value of a cryptocurrency is artificially inflated to attract investors. Once the price soars, the fraudsters sell off their holdings, causing the value to plummet and leaving investors in large losses. Remember, if it seems too good to be true, it probably is.