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.
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