Cyberwellat.com

Cyberwellat.com operates a deceptive crypto exchange scheme. The website, merely 24 days old at the time of investigation, lacks visible customer service contact. It tempts potential investors with promises of high returns, only to vanish with their hard-earned money once the investment is made. Despite claims of operating from a certain state, no registration for this business exists. The official business name is missing from the website, and social media profiles for the firm can’t be found.

A crypto exchange scam involves a fraudulent business enticing potential investors with promises of high returns from cryptocurrency trades. After the investors hand over their money, the fraudsters disappear, leaving the investors with significant losses.