This time we don’t call out on an ICO, but rather an investment scheme that looks far more than just dubious. CoinPayHour was found and analyzed by Octo The Scam Hunter.
Hidden company information, false Returns information, fake Information, and fake company address are just the tip of the iceberg of CoinPayHour Scam attempt.
CoinPayHour promises it’s costumer high and quick returns on their first investment, But how can that be true?
CoinPayHour: inaccurate information
It states in several places information such as “ Our company is organized by 7+ years experienced management team”, while the company was registered only on the 9th of October 2018.
The website also claims: “ Don’t miss the chance to profit from the crypto craze. Join us and double your investments in just 24 hours!”( if that was true) while there is not a single mention for that profit in the High Yield Investments Programs they offer.
No Company information
There is no company information on the website. Neither is there an explanation about previous operated businesses / past experience of their “Experienced Team”. But it get’s worse: No information about Funds security, Team members, Management team and Operation offices.
Suspicious: Company SSL and Domain Ownership
The domain was bought on 11 of October 2018, Company registrar is hidden — Very suspicious. Additional information about CoinPayHour
Terms and Conditions / Legal use
No any information about it, Only thing they mention in their Terms and Conditions page is that
a. “ f. We are not FDIC insured. We are not a licensed bank or a security firm.”
b. “ Moreover, the information, communications, and materials contained herein are not to be regarded as an offer, nor a solicitation for investments in any jurisdiction which deems non-public offers or solicitations unlawful, nor to any person to whom it will be unlawful to make such offer or solicitation”.”
c. You take all the risk.
In Conclusion —CoinPayHour Project seems suspicious and not clear enough.
Shout-out to Octo The ICO Scam Hunter. He/She does what the name says: he/she hunts ICO scams: “It is my purpose to share this information and knowledge with as many people as possible and inform them about such scams.”
CoinPayHour website Archived on the 15th of October 2018:
https://web.archive.org/web/20181015100059/https://coinpayhour.biz
