Lcywny Vip – also known as Crypto VIP – is a scam crypto platform that promises big profits but ultimately steals your cash.
The person who contacted PawProfitForum Team to report the scam said a girl contacted them via social media and struck up a conversation and friendship.
Their chat quickly turned to crypto investing and the victim was directed to the Lcywny Vip platform.
They deposited a small amount of USDT after being told to create an account on a major, legitimate crypto exchange and convert cash into the Tether stablecoin.
Profits appeared in account
At first, profits appeared to accumulate into their account so they deposited more and saw the profits grow further.
But when they tried to withdraw their funds they were blocked from doing so. It was then that they realised they’d fallen victim to a classic pig butchering scam.
This is where victims are lured into crypto investing by an attractive potential love interest, who is actually a fraudster in disguise.
They’re befriended before being urged to get involved in an investment scheme where they’re encouraged to deposit every increasing amounts of crypto.
But when they come to withdraw, they’re told they need to pay taxes, an administration fee or another fake charge before they can get their money.
How to tell Lcywny Vip is a scam
It’s quite easy to spot that this is a scam crypto site. Here are a few reasons why:
- The domain name is very new.
- There’s no company or team information.
- There aren’t any social media platforms.
- The promised profits are way too high to be realistic.
- The method of approach is a classic con artist’s modus operandi.
- The platform is plagued by poor grammar and spelling.
- The only reviews online are negative and warning of a scam.
Trying to track down crypto scammers and secure the return of your funds is very difficult.
There are private companies that might be able to help which I’ve written about here.
Have you had any experience with this platform? Kindly share your thoughts in the comment section to help others stay informed and safe.