Reports from consumers indicate prudentialassurance.net as a crypto exchange scam. The scam came to light just 25 days after the website’s launch. Despite promising significant profits on initial investments, the schemers disappear after receiving the deposited funds. The company has no presence on social media. Moreover, the listed phone lines on the website are non-functional. The purported online partnerships of the company lack authenticity. Contrary to their claims, the business name under which they operate lacks registration in the state they claim as their base. The address listed as their business location is fictitious.
Crypto exchange scams are fraudulent schemes where a fake platform poses as a legitimate cryptocurrency exchange. They lure investors with the promise of high returns on initial investments. After investors deposit their funds, the scammers disappear, leaving the investors with significant losses.