Tradexchangedeck.com
Analysis
Consumers have flagged Tradexchangedeck.com as a fraudulent cryptocurrency operation. The website, only 140 days old at the time of reporting, doesn’t provide a contact number for customer service. A bogus business address is listed on the site, which lacks a social media footprint. Reviews about the company are conspicuously absent. They lure investors with promises of hefty profits, but once you invest, your money disappears into thin air, along with the scammers.
A crypto scam is a fraudulent scheme that involves tricking individuals into investing in non-existent or worthless digital currencies. Scammers often promise high returns to lure potential victims. Once the victims invest their money, the scammers disappear, leaving the victims with significant financial losses.
Red Flags
Fake address
Recently registered
Missing Information
No phone numbers
No reviews
No social media
Scam Explainer
Crypto scams are fraudulent schemes involving cryptocurrencies. Scammers may promise high returns for investments in Bitcoin or other digital currencies. These promises often sound too good to be true.
Scammers often use online platforms to reach potential victims. They may use social media, email, or even cold calling to lure people into their schemes. They can create fake websites or social media accounts to appear legitimate.
A common tactic is the Ponzi scheme. Here, scammers pay returns to earlier investors using funds contributed by later investors. This creates an illusion of a profitable investment.
Another method is the pump and dump scheme. Scammers inflate the price of a cryptocurrency by spreading false news. When the price rises, they sell their holdings, causing the price to crash and investors to lose money.
In ICO (Initial Coin Offering) scams, scammers lure investors with a new cryptocurrency project. After raising funds, they disappear without launching the project.
Latest investigations
Investment scams
Hundrisfinlimited.com
Customers have flagged Hundrisfinlimited.com as a fraudulent investment platform. The website, only 141 days old at the time of discovery, lacks a customer service phone number. The business address listed on the site is unverifiable. Despite its lack of social media followers and absence of reviews on major platforms, the site promises substantial returns on […]
Crypto scams
Westerncryptounion.com
Westerncryptounion.com has been flagged as a crypto exchange scam. The scam surfaced when the site was just 103 days old. Reviews for the company are missing. The website’s content looks copied from other similar sites, showing no originality. The business name isn’t registered in the state it claims to operate from. No social media followers […]
Fake stores
Ventyusshop.com
Ventyusshop.com, a relatively new site, has fallen under scrutiny for alleged fraudulent activities. Merely 68 days after its inception, the site was flagged as a potential scam. One notable red flag is the absence of a customer service phone number, which is commonly displayed on legitimate e-commerce sites. Plagiarism is another concern, with much of […]
Investment scams
Sparkmegatrade.com
Beware of Sparkmegatrade.com, a website that’s been identified as running an investment scam. The site promises high returns on your investments, but in reality, it’s a scheme where the fraudsters pocket your money and disappear. Interestingly enough, we couldn’t find any reviews about the company. Equally alarming is their non-existent presence on any social media […]
Investment scams
Cexgold.com
Cexgold.com tricks people into fake investments. They promise big returns, but once you invest, they disappear with your money. The website was just 47 days old when discovered. Phone numbers listed on the site don’t work. No business exists at the address they provide. An overseas group or individuals run the site. Investment scams trick […]
© 2022 Marketing Space LLC - All Rights Reserved