Scambustersinc.com

Crypto scams

https://scambustersinc.com

619-693-3596

Analysis

Reports have emerged about Scambustersinc.com, a website suspected of being a crypto scam. The website, which was only 80 days old at the time it was flagged, purports to operate under a business name that isn’t registered with the secretary of state. The contact numbers provided on the site seem to be disconnected, raising further suspicions. Moreover, the address listed as the business premises on the website is unverifiable. Adding to the list of red flags, the reviews featured on the site do not appear to originate from actual individuals.

A crypto scam refers to fraudulent schemes that involve cryptocurrencies. These scams often lure unsuspecting individuals with promises of high returns from investments in digital currencies. However, these scams often result in the loss of the invested funds, with the scammers disappearing without a trace.

Video explanation

Red Flags

Fake address

Fake business name

Fake reviews

Phone disconnected

Recently registered

Scam Explainer

A crypto scam is a malicious attempt to steal your cryptocurrency. These scams use a variety of deceptive tactics. One common method is phishing. Here, a scammer impersonates a reputable crypto service to trick you into revealing sensitive information. Another widespread scam is the "Pump and Dump." Fraudsters hype a worthless coin, driving up the price. Once naive investors buy in, scammers sell their holdings and disappear, causing the price to crash. "Giveaway" scams are also rampant. Scammers promise to multiply your crypto if you send a small amount to them first. While this sounds like a good deal, remember that if something seems too good to be true, it likely is. Lastly, Ponzi and pyramid schemes. Early investors are paid with the capital of later investors. These schemes are unsustainable and eventually collapse, causing huge losses for most participants. Recognizing these tactics can help protect you from becoming a victim of a crypto scam.