People have flagged Navinvestx.com as a fraudulent cryptocurrency operation. The website, only four months old at the time of discovery, lacks a customer service phone number. It claims to be registered in a specific state, but there’s no record of the business name in that state’s registry. The address listed on the site is a sham. The company is conspicuously absent from social media and notable consumer review platforms. They entice potential investors with promises of high returns, but once the money is invested, the fraudsters pocket it and vanish.
A crypto scam is a fraudulent scheme where con artists lure individuals into investing in cryptocurrencies with the promise of high returns. However, once the investment is made, the scammers disappear with the money, leaving the investors with significant losses.