The ACST scam crypto trading platform – also known as Acstons – was brought to my attention by a user who’d seen our post about the ZPM scam.
He’d managed to avoid losing money to ZPM, but shortly afterwards had been contacted by someone representing ACST.
It started when a person who he didn’t know added him to their Telegram group and started pitching the ACST as a crypto investment platform where he could make huge gains over the short term.
Fortunately he was savvy enough to realise that the platform operated in a similar way to ZPM, even though it featured a completely different website.
ACST promises huge returns then demands commission
The ACST scam works by first getting unsuspecting investors to deposit crypto onto the platform.
They’re told that profits are guaranteed and will be added to their account in real time.
Soon, the victim starts to see the profits accumulating in their account, but the problems start when they come to withdraw their cash.
The scammers demand that the victim pay a ‘commission’ or ‘analyst’s fee’ in order for their funds to be released, but this is another trick designed to extract more money from them.
If they pay the fee, further demands will follow until they either run out of money or finally realise they’ve been conned.
Even then, they’re sometimes bombarded with messages from the scammers, who sometimes start making threats if the victim says they can’t pay.
How can I tell the ACST (Acstons) crypto platform is a scam?
There are many red flags with the ACST platform which immediately give it away as a scam.
They include:
- The domain name doesn’t match the name of the supposed company.
- The domain name was only registered a couple of months ago, yet the company claims to have been in business for years.
- The Apple and Android mobile app links link to direct downloads, rather than official app store apps.
- Very few of the links actually work, apart from directing visitors to the log in page.
- The content that does exist on the site is poorly written, riddled with grammatical errors and doesn’t make sense.
- The gains on offer are completely unrealistic and unachievable.
- No legitimate financial institution would guarantee returns, especially not to the level promised.
- The website is a basic, cookie-cutter design which emulates many other similar scam crypto platforms.
- There is no information about the company, the team or the offices where they are based.
- The supposed social media channel links do not lead anywhere and, in fact, don’t exist.
You should steer clear of this site and the Telegram group and do not deposit any money on the platform.
I’ve been scammed by ACST, can I get my money back?
Unfortunately it’s highly unlikely you’ll be able to get your money back from ACST.
The scammers behind these fake platforms are located in various countries around the world and use many different techniques to avoid detection.
You should always report fraud and scams to your local authorities though in case they do manage to catch those responsible.
That way, there’s a small chance that if they do recover funds from the scammers, you may see some of your money.
Have you had any experience with this platform? Kindly share your thoughts in the comment section to help others stay informed and safe.