Illicit By All Means
Crypto investment services face stringent regulations in more developed nations, a contrast starkly evident in the dubious tax havens. It appears that this scheme operates from such locations, evident by the absence of any Tier 1 licenses issued by reputable authorities like FCA, BaFin, CySEC, FINMA, or their equivalents.
The lack of verifiable company information on the website strongly suggests dealing with an anonymous service provider. Further fueling our suspicions is the complete absence of any legal documentation on this crypto portal.
For secure handling of your funds, it is crucial to opt for a crypto provider under proper regulation and supervision. Profiton, however, is far from meeting these standards, having proven itself to be not only risky but also lacking honesty and genuine intent.
Social Network Predators
Cryptocurrency scams often thrive on social networks such as TikTok, Facebook, and Instagram. While this particular scheme lacks its own account, it operates through various intermediaries who share deceptive content online. These intermediaries, acting as boiler room agents, also resort to traditional methods like pestering people over the phone to attract more victims. The allure of easy money proves enticing enough for some individuals to invest, leading to inevitable fund theft, similar to the Wuobi scheme. If you find yourself in need of recovery assistance, our services are at your disposal.
Shifting The Target Demographic
To evade detection by authorities, scam sites intentionally avoid targeting the same geographical area. This specific scheme, identified in the WhoIs database as created in July 2023, is directed towards nations such as Portugal, Germany, and Pakistan.
Embedded Platform
The Usdtmil exchange scheme, despite allowing quick registration, lacks a functional trading terminal with advanced analytical options. Instead, the site only provides a partial preview of the markets, failing to offer essential tools for smart investing. The available product pairs are limited, creating an illusion of a trading platform that, in reality, promotes investment services without facilitating order placement.
Tiny Selection Of Assets
Contrary to mainstream exchanges offering a vast array of coins and tokens, the Usdtmil platform provides a minimal selection of crypto assets. With only a few dozen assets listed, including BTC, ETH, DOT, UNI, CAKE, XRP, DOGE, and others, the platform falls short of expectations.
Accounts According To Investment Periods
Creating a free Usdtmil account grants no access to functions or trial trading. Instead, investors are encouraged to deposit USDT into investment plans promising high profits, all of which are artificial and designed to trap newcomers. Various investment periods offer different profit percentages, accompanied by alleged VIP levels linked to deposit amounts.
Costs Are Never Mentioned
Information on trading costs, such as leverage, spreads, fees, commission, or swaps, is intentionally omitted. This lack of transparency allows scammers to invent fees on the spot and may lead to demands for additional upfront payments. If you encounter such behavior, contact our legal team promptly.
Crypto Currencies For Payouts
Investments on this platform are exclusively made in digital currencies, making tracking difficult without proper tools. Shady service providers may impose undisclosed fees, unjustified commissions, and trading volume requirements to hinder users from withdrawing funds. If you face such issues, contact us immediately for assistance.
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