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1 year ago
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Coinmatrixtrade.com

Crypto scams
https://coinmatrixtrade.com

Coinmatrixtrade.com, a newly established website, is orchestrating a cryptocurrency scam. The domain name was only 114 days old when this report was made. The site promises substantial returns on your investment, but the reality is far from it. Once you invest your money, the fraudsters disappear with it. There’s no customer service phone number listed on the site, and the business address provided is incorrect. Moreover, the company has no presence on any social media platforms.

A crypto scam involves a fraudulent scheme that uses cryptocurrencies as a means to deceive individuals into parting with their money or personal information. The scammers often promise high returns on investments, but once the money is transferred, they vanish, leaving the investor with a significant loss.

Red Flags

Fake address
Recently registered

Missing Information

No phone numbers
No social media
A crypto scam involves fraudulent activities related to cryptocurrencies. Scammers often make unrealistic promises of huge profits. They lure investors with persuasive language and high-pressure tactics. Promises of guaranteed returns or zero risk are common. These offers are typically too good to be true. Scammers may also use fake testimonials or celebrity endorsements. These are designed to gain trust and legitimacy. Another common tactic is the 'pump and dump' scheme. Here, scammers inflate a crypto coin's price by spreading positive, often false, information. Once the price has increased, they sell their shares and the price plummets; leaving other investors at a loss. Remember, if a crypto offer sounds too good to be true, it probably is. Always do your own research before investing.

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