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6 months ago
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Growintrade.com

Crypto scams
https://growintrade.com

Growintrade.com, a recently established website, is engaging in a deceitful crypto exchange practice. The website’s domain registration is relatively fresh, being only 78 days old at the time of this investigation. Notably, the site lacks any customer service contact information, which is a significant red flag. Growintrade.com lures potential investors with promises of substantial profits. Unfortunately, the truth is that once you invest your hard-earned money, the malefactors behind the scam disappear, leaving you empty-handed. Moreover, a thorough search reveals that the business has no presence on any social media platforms.

Crypto exchange scams are deceptive schemes where fraudsters create a fake cryptocurrency exchange platform. They lure potential investors by promising huge returns on their investments. Once the investors put their money in, the fraudsters take the money and disappear, leaving the investors at a loss.

Red Flags

Recently registered

Missing Information

No phone numbers
No reviews
No social media
Crypto exchange scams exploit the digital nature of cryptocurrency. They often run on platforms mimicking legitimate trading sites. Fraudsters create enticing ads, promising quick riches and high returns. These ads lead to fake platforms. The platforms demand your personal data and investment. Once money is invested, scammers make it nearly impossible to withdraw. They even coax users to invest more, faking temporary technical issues or implementing very high withdrawal thresholds. Later, these platforms vanish in thin air, taking money and personal information with them. The victims are left with no trace of the scammer or their investment. This situation highlights the risk of such scams and the importance of doing thorough research before investing in cryptocurrency.

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