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5 months ago
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Vaultrecoveries.net

Crypto scams
https://vaultrecoveries.net

Vaultrecoveries.net, a newly established website, is implicated in a cryptocurrency scam. Only 81 days old at the time of reporting, the site lacks a customer support phone number, which raises suspicion. Misleading information is a common characteristic of the site, including a non-existent business address. Furthermore, it purports to operate under a business name that has not been registered with the state secretary. A closer look at the website reveals multiple unfinished pages, filled with default content and placeholder text, further indicating its dubious nature.

A crypto scam is essentially a fraudulent scheme that involves the use of cryptocurrencies. It often involves a website or platform that misleads users into investing or trading cryptocurrencies, only to steal their funds or personal information.

Red Flags

Fake address
Fake business name
Recently registered
Unfinished website

Missing Information

No phone numbers
Crypto scams take advantage of the popularity of cryptocurrencies. Scammers lure unsuspecting individuals with promises of high returns. These are schemes where the fraudster persuades people to invest in non-existent cryptocurrencies. It often involves a Ponzi scheme where returns are paid to earlier investors with funds contributed by later investors. Scammers use several deceptive tactics. They set up professional-looking websites and use persuasive language. They may also create fake social media profiles, pretending to be successful investors or influencers. The scammer will often claim they have developed a secret algorithm that guarantees profits, or they have insider information that will make the investor rich overnight. Another common tactic is the pump-and-dump scheme. Scammers buy lots of a little-known cryptocurrency and then hype it up on social media to drive up the price. Once the price goes up, they sell off their holdings, making a profit and causing the price to plummet. Investors are left with worthless coins.

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Vaultrecoveries.net

Vaultrecoveries.net, a newly established website, is implicated in a cryptocurrency scam. Only 81 days old at the time of reporting, the site lacks a customer support phone number, which raises suspicion. Misleading information is a common characteristic of the site, including a non-existent business address. Furthermore, it purports to operate under a business name that […]

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