Mmtglobal.live

Crypto scams

https://mmtglobal.live

Analysis

Mmtglobal.live, a relatively new website, is involved in a deceptive cryptocurrency scheme. The site, which has only been active for 78 days at the time of discovery, lacks any form of customer reviews on well-known review platforms. Furthermore, the company’s presence on social media platforms is virtually invisible. The business name that the website purports to operate under is not officially registered in the state where it alleges to be based. Additionally, the site does not provide a customer service phone number for its users.

A crypto ICO scam is a fraudulent investment scheme where a company encourages individuals to invest in an initial coin offering (ICO), promising high returns. However, the company has no intention of delivering on these promises and often disappears with the investors’ money.

Video explanation

Red Flags

Fake business name

Recently registered

Missing Information

No phone numbers

No reviews

No social media

Scam Explainer

An ICO, or Initial Coin Offering, is a fundraising tool that trades future crypto coins for cryptocurrencies which have immediate, liquid value. Most ICOs are scams and are used by fraudsters as a way to trick unsuspecting investors. These scams often have attractive websites and promise high returns on investment. The promise of a revolutionary technology or a new cryptocurrency can lure many to invest their hard-earned money. Often, these promises are nothing but empty words, designed to deceive. In a typical ICO scam, the scammers will 'pump and dump'. This means they inflate the value of the coin by spreading positive news and once the price increases, they sell off all their holdings. This cause the value to plummet, leaving investors out of pocket. Remember, if something seems too good to be true, its probably is. Many ICO scams have been unearthed because their promises were too grandiose to be realistic.