Optimalyieldtrade.com, a website in its infancy of just 77 days, was found to be orchestrating a crypto exchange scam. Investors are enticed by the site’s alluring promises of high percentage gains on their original investments. However, the reality is quite different. The money deposited by the unsuspecting investors is stolen by the scammers only to disappear into thin air. Adding to the deceit, the website showcases fabricated reviews from so-called customers who don’t really exist. The site is operated by overseas businesses or individuals. Of note is the company’s practically invisible presence on social media platforms.
A crypto exchange scam involves a fraudulent scheme where a website or platform attracts investors with the promise of high returns on their cryptocurrency investments. However, the scammer simply takes the deposited funds, leaving the investor with nothing. Such scams often use fake customer reviews and have a limited or non-existent social media presence.