Is Cryptobolds Fake or Real?
Why is Cryptobolds Fake?
Cryptobolds is a website that claims to be an investment platform. There is no clear information about how the company generates profits. We can assume that it is from cryptocurrency trading as there is ‘Crypto’ in the name but the site also has random tickers showing stock prices.
The site promises ‘daily profits’ and ‘instant withdraw’ which are usually the first signs of a scam. There are investment plans ranging from $1,000 to $20,000 but nothing has been mentioned about the return on investment.
A domain name lookup of the website shows that it was registered on 11th January 2021. The registrant’s details such as name and contact details have been hidden using a paid service.
However, it can be clearly seen that the site was registered in Nigeria through a company called NaijaDomains. Therefore, it is a new website being operated anonymously from a high risk country.
Even though the website never existed before January 2021, the website footer claims that the site has been active since 2014. This is obviously a lie.
The website also claims that it is a ‘Legal Company’ which is a claim that no genuine investment or trading firm ever needs to make. The certificate provided on the website is undoubtedly fake as it carries a date of March 2016. It is also poorly edited.
The website’s quality is extremely terrible and it is obvious that it was created using a cheap template. The content is nonsensical and many of the links don’t work.
The site has no original content. The footer contains the following text:
This is a Revolutionary Money Making Platform! Invest for Future in Stable Platform and Make Fast Money. Not only we guarantee the fastest and the most exciting returns on your investments, but we also guarantee the security of your investment.
The same text can be found on at least 187 websites, all of which may be scams. The list of sites is given at the end of the article.
The site contains fake numbers such as the number of ‘members’ and the value of deposits. The site is just 142 days old but claims to have more than 754,000 members.
This would mean that more than 5,300 people are creating accounts with this no-name company with a garbage-quality website, a claim which is very hard to believe.
The client testimonials on the site are quite clearly fake too as the same can found on other sites. The images of the supposed clients are stock photos.
Cryptobolds does not seem to have a social media presence. There are some social media icons given on the website but they are fake as they lead nowhere.
The contact details provided are fake too. There are two separate sets of phone numbers and addresses given. The addresses are fake as they can also be found on other sites.
The phone numbers are virtual lines registered in Canada and the USA. The area code of the numbers don’t match the states mentioned in the addresses.
The only ‘real’ contact details are the email IDs. It should also be noted that there is no mention of Nigeria anywhere on the site.
The only review available for Cryptobolds is on Scamadviser. It is quite evident from the review that Cryptobolds is a typical Advance Fee Scam.
The member who made a deposit of $5,000 on the website was asked to pay an additional $10,000 as a ‘signal fee’ instead of being allowed to withdraw the ‘profits’
It is quite obvious that Cryptobolds and the 192 similar websites may all be fake investment platforms operating from Nigeria.
The site is very new as it was created in January 2021. The registrant’s details have been hidden using a paid service, however, it can be seen that the domain name has been registered from Nigeria. Therefore, it is a new website being operated anonymously from a high-risk country.
The entire content on the website has been copied and most of it is fake. The same text can be found on at least 186 websites that all appear to be scams based on the same template.
Cryptobolds calls itself a ‘legal company’ and provides a poorly-edited certificate to prove this. It is unquestionably fake as it contains the date of March 2016, even though the website did not exist before January 2021. The website footer goes a step further and falsely claims that the site has been active since 2014.
The testimonials given on the website are fake too. The same can also be found on other sites and their mages of the supposed clients are stock photos.
There is only one real review available and it shows that Cryptobolds is an advance fee scam. The user was asked to deposit $10,000 more as a ‘signal fee’ after their initial deposit of $5,000 when they tried to withdraw funds.
There are two different sets of contact details provided and both are fake. The phone numbers are virtual lines that can be operated from anywhere in the world. This is another indication that Cryptobolds is not an American company. The area codes of the phone numbers don’t match the addresses, which are also fake.
It is advisable to avoid investing with Cryptobolds or any of the 192 similar websites, as it is incredibly likely that they are all scams.
Remember: If something seems too good to be true, it probably is.
To read about other Investment Scams, click here.
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List of websites using the same content as Cryptobolds
If you have been a victim of an investment scam, you can take the following steps:
- File a complaint with the payment portal. However, investment scammers mostly use methods such as Bitcoin, Western Union, MoneyGram and other untraceable methods which make refunds impossible.
- File a formal police complaint with the Cybercrime department.
- Leave a negative review on review portals such as Scamadviser and TrustPilot
- Report the website to Google using the Suspicious Site Reporter extension for Chrome
- Give a low rating to the website on Web of Trust. You can also install their extension for the same.
- If the company has a listing on Google My Business or Google Maps, file a complaint using the Business Redressal Complaint Form. Also, leave a negative review explaining what kind of experience you had.
- Report the scam site to web filtering companies.
Disclaimer: The views expressed in this article are presented as an opinion based on available information. This review is intended for information only and should not be relied on when making financial or business decisions. There is no malicious intent or attempt to defame any individual/s or organization/s. If you are a website owner and would like to provide clarifications regarding your business and/or website, please get in touch using the Contact Form.