Farexcrypto Scam Platform: Fake Crypto Investing Claims

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Farexcrypto is a scam crypto trading platform that has been designed to lure unsuspecting investors into parting with their cash.

It’s being used as part of a pig butchering scam where victims are befriended before being convinced to invest in fake crypto investment schemes with the promises of ‘guaranteed’ profits.

However, the aim of the scam is to ultimately freeze out the victim from their funds. The scammers then try to extract more money by charging fees to release the cash.

But any money that’s sent to platforms such as Farexcrypto, or anyone connected with them, is ultimately stolen.

What makes Farexcrypto a scam?

On the surface of it, the site is reasonably well-designed. However, look a little deeper you’ll find it offers no genuine functionality and has clearly been set up hastily as much of the expected content is missing.

Other issues that are instant red flags include:

• Several reports online about the platform being a scam.
• A very new domain name despite claims on the site that it’s been around for years.
• No obvious investment strategy to produce such unrealistically high returns.
• None of the usual corporate or regulatory information.
• No proper contact details or genuine HQ address.
• Fake social media profile links that don’t actually lead anywhere.
• Slabs of text that appear to have been scraped from other platforms.

These issues, and others, make it clear that this is 100% a scam platform that should be avoided at all costs.

I’ve been scammed by Farexcrypto – what can I do?

These are certain things you should do if you realise you’ve been scammed which we’ve covered on our scam resources page linked to below.

There are private companies that might be able to help which I’ve written about here.

If you suspect a site is fake, get in touch.

Related post: Crypto scam help and resources