Crescentdigitaloptions.org, a relatively new website, has been flagged by consumers for allegedly operating a fraudulent cryptocurrency exchange. The website, which was only 77 days old at the time of discovery, promises substantial returns on investments. However, once the investment is made, the so-called scammers vanish with the money. The company’s social media accounts, interestingly, have no followers. Furthermore, the company claims to operate in a certain state, but there is no official registration to back this claim.
A crypto exchange scam is a fraudulent scheme where a company or website promises high returns on cryptocurrency investments. However, once the investment is made, the scammers take off with the money, leaving the investor with significant losses.