The website Premiumfxcrypto.online has raised concerns due to its potential involvement in a crypto exchange scam. The site’s registration is recent, with the domain name only 15 days old at the time of this report. It creates an illusion of potential high returns on investment, but after investment, the fraudsters take the money and vanish. The address listed for the company on the site is not genuine. Fabricated reviews from imaginary individuals are displayed on the website. There is no customer service contact number available. Furthermore, the company name does not appear in the state’s business registration records where it alleges to be located.
A crypto exchange scam is a fraudulent scheme that involves the use of a fake cryptocurrency exchange. The scammers typically lure investors with the promise of high returns. After the investors make their investment, the scammers take the money and disappear. The exchange usually has a recent registration, lacks a genuine address, does not have a customer service contact number, and is not registered with the relevant authorities.