Is eKrona.com Fake or Real?
Why is eKrona.com Fake?
eKrona.com is a website that claims to be selling the ‘Official eKrona Cryptocurrency’. For those unware, the Krona is the official currency of Sweden and the ‘eKrona’ or ‘e-Krona’ is its cryptocurrency counterpart. However, the claim that this website is authorized to sell the eKrona to the public is objectively false. The eKrona is being developed by Sveriges Riksbank which is the Swedish National Bank.
There is an alert on the Riksbank website titled ‘False information regarding the sale of e-kronas‘ which says that scammers are duping people under the pretext of selling eKronas on behalf of Riksbank. In reality, Riksbank hasn’t made a decision to publicly issue the cryptocurrency yet and therefore they are not available for purchase.
This scam appears to be nearly identical to the Digital Yuan Scam that I had written about earlier. Later in the article, I will reveal why it seems that the Digital Yuan Scam and the Digital Krona Scam are both run by the same set of scammers.
A domain name lookup of the website shows that it was registered on 22nd March 2015. The registrant’s details such as name, location and contact details have been hidden using a paid service.
Though the domain registration data indicates that eKrona.com is operating since 2015, this does not actually seem to be the case. By checking the Wayback Machine, I found that the site was completely inactive between 2019 and 2021. The domain registration data was updated in October 2021 and the earliest snapshot of the site after the became active again is from June 2021. The website footer also mentions the year as 2021. These facts combined suggest that it is a relatively new website operating since mid-2021.
Even though it is obvious that eKrona.com is a scam as it has no relation to Riksbank, the site makes the following claims:
EKRONA.COM is the Only Regulated and Approved Issued of eKrona Cryptocurrency
The aim of EKRONA.COM is to serve individuals globally with a fully secure and regulated method of purchasing and selling eKrona digital currency. Our company has the necessary licenses and regulations and is accepted by most of the banks and card issuers across the globe.
Only coins purchased through EKRONA.COM are valid for trading as well as for purchase of in-store items. By filling in the form on our secure website you will be directed to one of the partner brokers who are licensed in your country to issue you the coins. After making a minimum deposit, you will be able to trade and take profits into your bank account, if you wish to do so. We suggest you to keep your mobile phone nearby to complete an automated phone verification.
Not only is the above information blatantly false, I found that the same text can be found on at least 8 other websites selling eKrona. These sites are identical and have likely been created by the same scammers behind eKrona.com. They even have the same promotional video which has the watermark of eKrona.com. The list of sites is given at the end of the article.
The site is run completely anonymously and there are no names of the people behind the project mentioned anywhere. The fraudsters have even gone to the lengths of releasing paid press releases in order to make the scam appear legitimate. These press releases were issued in mid-to-late 2021.
eKrona.com is full of tall claims about the cryptocurrency being a great investment. The website even has a fake timer which always says that the price of the eKrona is going to double in 45 minutes.
Though eKrona.com contains links to various social media pages, the icons are fake as they lead nowhere. However, I did find Facebook and Twitter pages, both of which have been created in 2021.
There are no contact details for eKrona given anywhere on the website. The website footer contains the address ‘Luddingsbo Mekanikusv 79 Stockholm‘ which seems to be made up as nothing except eKrona comes up when this address is searched online.
The only way to contact them is by submitting your contact details in their form and waiting for you to contact them. I advise you to not do this as several reviewers have written that they started getting incessant calls from aggressive salespeople after giving eKrona their contact information.
Other reviewers on Facebook and Trustpilot have raised the concern that eKrona.com is a scam as the eKrona is not yet publically available. The Trustpilot page also shows a warning that several fake reviews have been removed, demonstrating that the scammers behind eKrona.com are trying to create a false sense of legitimacy.
It is glaringly obvious that eKrona and the 8 similar websites are all scams. The eKrona is being developed by the Swedish Riksbank and no organization has the authority to sell eKronas to the public. The same scam has been observed earlier in the form of the Digital Yuan Scam and there is reason to believe that both scams are run by the same scammers.
The website has been anonymously operating since only mid-2021. The content on the website is completely fake and the same can be found on 8 other cloned websites. The eKrona scammers have even issues paid press releases, written fake online reviews and created social media pages to give their scam the illusion of being legal.
The only way to contact eKrona is through the contact form of their site. Reviewers have written online that they started getting calls repeatedly from investment scammers who were pushing them hard to invest in this fraudulent cryptocurrency.
It is advisable to avoid investing with eKrona or any of the similar sites, as there is not a single reason to believe that they are authorized to sell eKrona. As a general rule, never send cryptocurrency to strangers as it cannot be recovered if lost.
Remember: If something seems too good to be true, it probably is.
To read about other Investment Scams, click here.
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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.
List of websites using the same content as eKrona.com
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.