People are suspecting Bitwealthforge.com of operating a fraudulent cryptocurrency exchange. The website is new, with its domain name registered only 32 days ago at the moment of this report. The company remains absent on social media platforms. The customer service numbers provided on their website are not working. Images displayed on their site do not accurately represent the products they claim to offer. The website’s ownership traces back to a company located in a foreign country.
A crypto exchange scam involves a fraudulent scheme where an entity pretends to be a legitimate cryptocurrency exchange platform. They often lure customers with promises of high returns, but once the customer deposits their money, they either manipulate the prices or disappear altogether, leaving the customer with significant losses.