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2 years ago
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Bitrecoveryservice.com

Crypto scams
https://bitrecoveryservice.com
415-475-9430

Bitrecoveryservice.com has been flagged as a fraudulent cryptocurrency operation. The suspicion arose when the website was merely 99 days into its existence. The site purports to function under a business name that doesn’t appear in the records of the state where it claims to be located. The address provided on the website doesn’t correspond to any registered business. Furthermore, the company’s presence is conspicuously absent from social media platforms.

A crypto scam is a fraudulent scheme that involves the use of cryptocurrencies. The scammer typically creates a fake website or social media account to lure victims into sending them cryptocurrency, promising high returns or other benefits. However, once the victim sends the cryptocurrency, the scammer disappears, and the victim is left with no way to recover their funds.

Red Flags

Fake address
Fake business name
Recently registered

Missing Information

No reviews
No social media
Crypto scams involve digital currency transactions. Scammers lure people with the promise of high returns. They use the complexity of cryptocurrency to confuse their victims. Scammers often use social media platforms for their schemes. They impersonate celebrities or influencers to gain trust. They may also use fake testimonials to add credibility. These scammers ask for initial investments. They promise huge profits in return. However, once the payment is made, they disappear. The victim is left with no way to recover their money. Ponzi schemes are another common type of crypto scam. In these schemes, returns are paid using the funds of new investors. This continues until the scheme collapses and most investors lose their money. In pump and dump schemes, scammers inflate the price of a cryptocurrency. They convince others to buy it. Once the price is high enough, they sell their shares and the price crashes. The other investors are then left with worthless currency.

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