Report Discovers 13,000 False Investment Domains Detected and Blocked

According to Netcraft’s latest research, approximately 13,000 fraudulent investment platform domains were discovered and blocked in January alone. These deceptive domains were identified on over 7,000 IPs, marking the highest number of IPs seen since tracking began and reflecting a 25% increase from the previous month. This underscores the ongoing issue of consumer fraud, as highlighted by the Federal Trade Commission’s (FTC) report of over $10 billion in consumer losses to fraud in 2023.

These fraudulent online investment schemes promise high returns with minimal risk. Victims of these scams are often enticed with opportunities to trade cryptocurrency or other high-risk assets for guaranteed profits. All it takes is an initial payment for scammers to exploit the target and for the money to be lost.