Emym is another faceless crypto trading scam where investors are promised huge returns but ultimately left with nothing.
Victims are often contacted via social media and given the hard sell to buy into a new investment opportunity that will turnaround a quick profit.
They are inducted into a group which appears to show other investors making money, but these people are fake and it’s all part of a ploy to build the victim’s confidence so they invest more.
When the victim comes to withdraw their profits they find themselves frozen out of their account and unable to access their funds.
The scammers then approach them claiming they need to pay additional fees to secure the return of their funds.
However, if the victim pays the fees this money is also stolen and further demands are made by the scammers.
How to tell Emym is a scam site
There are many things that tell you Emym is a fraudulent crypto and Bitcoin trading platform.
They include:
- The domain name is only a few months old, and the registrant has deliberately hidden their identity.
- There is no content on the platform, only a direct prompt to connect a crypto wallet.
- There is no information about the company, the development team, it’s address or financial registrations.
- There are no Facebook, Twitter or other social media platforms connected with site.
- If you search Google, you’ll find multiple reports of Emym being a scam site.
Remember, always do your own research and due diligence to ensure a financial investment isn’t a scam.
Is it possible to get my money back from the Emym crypto scam?
This is a question that a lot of people ask, but in my experience it can be very difficult to get your funds back.
However, there are companies that can help track down your stolen crypto which I’ve written about here.
It’s important that you also report the scam to the police, even if you feel ashamed about being taken in by the crooks.
Have you had any experience with this platform? Kindly share your thoughts in the comment section to help others stay informed and safe.