Wealthsphereassets.com
Analysis
Wealthsphereassets.com, a website that’s been active for only 120 days, is running a crypto scam. The contact numbers listed on the site are non-functional, and the company’s address is fake. Despite promoting substantial profits on initial investments, it’s a trap set by scammers who vanish with the deposited money. The company’s social media accounts lack followers, and there are no reviews on major consumer platforms.
A crypto scam is a fraudulent scheme where scammers trick people into investing in cryptocurrencies with the promise of high returns. They then disappear with the investors’ money, leaving them with significant losses.
Red Flags
Fake address
Phone disconnected
Recently registered
Missing Information
No reviews
No social media
Scam Explainer
Crypto scams are fraudulent schemes. They involve digital currencies such as Bitcoin, Ethereum, and others. Scammers often promise high returns or quick profits to lure victims.
They use various tactics. These include Ponzi schemes, fake ICOs (Initial Coin Offerings), and phishing. In Ponzi schemes, returns are paid to earlier investors from funds contributed by new investors.
Fake ICOs involve selling a cryptocurrency that doesn't really exist. Scammers create a convincing whitepaper and website to trick victims.
Phishing is when scammers pretend to be a legitimate crypto company. They trick victims into providing sensitive information. This information is then used to steal their cryptocurrency.
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