Welthmill.com
Analysis
Welthmill.com, a relatively new website at just 142 days old, is perpetuating a cryptocurrency exchange scam. The phone numbers listed on the site are disconnected and the business address provided is fictitious. The graphics displayed on the site do not accurately represent the product being sold. Furthermore, the company lacks a presence on social media. They promise attractive returns on investments, but once you invest, the fraudsters abscond with your money.
A crypto exchange scam is when a company lures individuals to invest in cryptocurrency with the promise of high returns. However, once the investment is made, the company disappears with the funds, leaving the investor with no way to recover their money.
Red Flags
Fake address
Fake images
Phone disconnected
Recently registered
Missing Information
No reviews
No social media
Scam Explainer
A crypto exchange scam involves fraudsters posing as legitimate cryptocurrency exchange platforms. They create websites that mimic genuine exchanges, tricking users into depositing their digital assets.
Common promises made by these scammers include high returns and low trading fees. These are designed to lure unsuspecting investors. They may also offer bonuses for referrals, encouraging victims to bring in more people.
Scammers use sophisticated tactics to deceive people. They employ professional web designers to make their platforms look authentic. Fake reviews and testimonials are posted to boost credibility. They may also use aggressive marketing strategies, including spam emails and pop-up ads.
Once the victims deposit their cryptocurrencies, the scammers disappear. The website shuts down, and the fraudsters vanish with the victims' digital assets.
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