While there are no confirmed, authoritative reports explicitly declaring token498.co as a scam, multiple warning signs closely align with patterns seen in cryptocurrency investment fraud, including so-called “pig butchering” schemes. Such platforms often appear professional on the surface but raise concerns upon closer inspection.
Domain Information
Website: http://token498.co/
Blacklist Status: It seems there is no direct mention of this domain being on a blacklist.
Domain Age: No public details available
Why Caution Is Advised
Crypto-related schemes frequently avoid clear labels in public databases, especially during their early stages. However, the presence of repeated behavioral red flags should not be ignored by users considering any financial interaction with the platform.
Common Red Flags Identified
1. Lack of Verifiable Information
- No clear regulatory registration details
- Missing physical address or company ownership data
- No transparent information about founders or team members
2. Promises of High or Guaranteed Returns
- Claims of consistent profits with minimal risk
- Language that downplays cryptocurrency market volatility
- Pressure to invest quickly to avoid “missing out.”
3. Withdrawal-Related Issues
- Small withdrawals are allowed initially to build trust
- Requests for additional payments, such as:
- “Tax clearance fees”
- “Account unlocking” or “liquidity charges”
- Delays or silence when larger withdrawals are requested
4. Unsolicited Contact and Social Engineering
- Unexpected messages via social media or dating platforms
- Long-term trust-building conversations
- Gradual introduction of the investment opportunity
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