Categories: EducationScams

Bitcoin Scam Site Warning – Zooo.co

It has been a while since we last looked at one of the many Bitcoin scam sites in existence. Cryptocurrency doublers have become increasingly popular as of late, even though anyone can see it is a matter of time until they disappear. Zooo.Co is one of the many platforms users need to avoid at all costs, as they will eventually run off with other funds. Doublers are a ticking time bomb, and this one is no different.

Zooo.Co is Another Cryptocurrency Doubler Scam

Any company or service claiming to double your cryptocurrency balance automatically without effort will eventually run off with one’s money. Zooo.co

is no different in this regard, even though the company attempts to be as convincing as possible when it comes to luring in new investors. Rest assured there will always be people who fall for such scams.

On the surface, the company makes a promise that is way too good to be true. The team claims they have created “investment instruments” without further specifying what these entail exactly. The company goes on mentioning how they are designed for faster earnings and successful investments. The only people who make money from this scam are the people operating the platform, that much is evident.

As one would expect, there are some alleged deposits visible on the website. At the time of writing, 105 Bitcoin transactions were counted among the deposits, although there have been zero payouts so far. That in itself is quite a troublesome statistic, especially when considering how the company promises to pay out a 200% return after just 48 hours. It does not appear Zooo.co will pay out every hour, which is something most other doublers tend to do.

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There is a maximum deposit size of one Bitcoin, which is rather surprising. Virtually any other Bitcoin doubler in existence will gladly accept deposits in the triple digits, knowing all too well they have zero intentions of returning the funds. This may make Zooo.does look more legitimate, but it still remains a scam site in the end.

Additionally, it is possible to see all Bitcoin deposits on the website, as well as a timer regarding how long it takes to receive a payout. The oldest transaction should see a payout very soon, although it is highly unlikely money will change in the right direction. There is no reason for this company to make good on their claims, as they can just post fake transaction IDs in the end.

No one will be surprised to hear there is no company information to be found on the website. The WHOIS information reveals no further details either, which is to be expected. Sites like these will give Bitcoin a very bad reputation because investors will lose their money in the end. Stay away from Zooo.co and any other domain extensions this company may use right now.

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JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

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