Jumptdd.com Scam: Beware of This Scam Crypto Investment!

Jumptdd.com is currently paying lots of people USDT on daily basis. However, you can only earn money for a short while on the platform. Like Cosetek, Jumptdd.com would stop processing withdrawals soon and abscond with people’s money.

The website has numerous red flags such as not licensed, no company details, anonymous owners, recently registered website, and unrealistic returns. This article provides a breakdown of the Jumptdd scam; how it works, what to do if you’re victim, and how to spot scam crypto trading sites.

What Is Jumptdd.com?

Jumptdd.com calls itself a quantitative AI trading platform. Users have to click the button to start automatic quantification, which is completed in 1-2 minutes. However, random clicking a button in an app doesn’t trigger quantitative trading.

The Truth About Jumptdd.com

Jumptdd.com is actually not a crypto AI trading platform, there’s no wealth created by this system. It relies heavily on new recruits daily. Members have to create a “team”, up to 40 people from whom to make a profit of. Each person in the team can recruit another 40 people to make money for them. This is on top of 2-2.8% daily they promise. The founder of Jump Tradiny keep most of the money, and give people a small portion so that outsiders would get tempted to join when they see the earnings.

This is exactly the structure of a Pyramid Scheme; robbing Peter to pay Paul. The people that benefit most times are the first investors. As soon as the amount of new investor drops, the owners abscond with the money invested.

We’ve seen this scam play out many times.

Jumptdd.com Redflags That Stand Out

There are No Regulatory Watch Dogs Watching Over This Platform

Jumptdd.com is NOT LICENSED by any financial regulatory body. Cryptocurrency trading platforms are considered money service businesses (MSBs) by the U.S. Treasury and must register with the Financial Crimes Enforcement Network (FinCEN). Many states also have requirements for cryptocurrency trading websites to register.

However, when we checked the registration list, we discovered that Cosetek is not registered. Hence, any deposit you make with them is a huge risk.

Unrealistic Returns

 The website claims paying to offer the following returns;

• VIP1 – invest 50 USDT or more and receive 2.04% to 2.12% a day
• VIP2 – invest 500 USDT or more and receive 2.65% to 2.75% a day
• VIP3 – invest 1500 USDT or more and receive 3.3% to 3.42% a day
• VIP4 – invest 5000 USDT or more and receive 3.99 to 4.13% a day
• VIP5 – invest 16,000 USDT or more and receive 4.72% to 4.88% a day

On top of that, it promises a 18% -4% affiliate commission for each member your recruit (depending on the level) making this figure even more crazy. However, the advertised returns is unsustainable.

No Physical Address or Company Information

Jumptdd.com has no physical business address. There is a no address or company details provided on the website. This shows that the website is not trustworthy and cannot be reached if the users see need to do so.

Hidden Fees

The website mentions trading on USDT but no other information on trading strategies being followed. When people attempt to withdraw their earnings the site deduct some fees which isn’t stipulated on the website

Recently Registered Website

umptdd.com only started operating on the 18th of October 2023. Before then, the website wasn’t existing. This means it could shut down easily as it has no reputation of any sort.

No Customer Support

Aside from the contact us form on the website, there’s no telephone number. There is neither an email address nor phone number provided on the website. This simply means there is no information with which you can contact the platform.

Just like missing addresses, no customer service phone number is a sure indicator of a scam trading platform. Fraudulent trading websites might display messaging-app phone numbers, but these are easy to fake and easy to change. It’s also common for scam sites to only offer live chat (often a chat-bot), email addresses, or “contact us” web forms. But when scams are exposed, the websites disappear, along with any way of communicating with them.

What To Do If You’re a Victim Of Jumptdd.com Scam Crypto Investment

Report The Scam to Authorities

The first step you should take is to report the scam to the appropriate authorities. This could include local law enforcement, the FBI, or the Federal Trade Commission (FTC). Reporting the scam helps to alert authorities to the problem and may also help them to identify and prosecute the scammer.

Contact Your Cryptocurrency Wallet Provider

You should contact the cryptocurrency exchange or wallet provider that you used. They may be able to freeze the scammer’s account or take other measures to recover your lost funds.

Warning Signs of a Crypto Trading Scam

Offers High Returns & Giveaway

One of the warning signs of a scam crypto trading site is high returns and crypto giveaway. It is just a tactic to pull people in and make them lower their guards. Everyone loves the idea of making huge rewards, so the scammers are exploiting this angle of human error.

Uses Celebrities To Endorse their Platform

Often times, scam crypto sites uses fake endorsement from celebrities like Elon Musk, Mr. Beast, etc. They do this by using  AI deepfake parodies. Victims might think Elon Musk or Mr. Beast is the one in the video, but the video has been manipulated. Never trust giveaways, even if they appear to be endorsed by celebrities. Remember, videos can be manipulated.

Unprofessional Trading Platform

One thing common with scam crypto sites are grammatical errors, spelling mistakes and poorly constructed claims. This of course cannot be seen in professional crypto sites like Binance and the rest.

Fake About Us Claims

The scam sites often claim to have been operating for a long time, sometimes as long as 5 years. However, when you use who.is (a domain checker tool) to check how old the website is, it often shows that the website was registered few months or weeks ago.

No Means of Contacting Customer Support

Another indicator is the lack of a working telephone number, email address or even physical address on the website. In most scenario, you’d see a live chat support option, but this only leaves you to the mercy of the scammers. They can chose to reply you or not.

Conclusion:

Jumptdd.com is not a legit crypto trading platform but a ponzi pyramid scheme. Just like FUD Football, you can only earn money in a limited time. Soon, withdrawals would no longer be accepted.