We recently encountered a situation that raised serious concerns regarding an interaction with someone who claimed to be “Robert Croak” on TikTok. This individual approached one of our readers, conversing casually before swiftly steering the discussion toward cryptocurrency investments. The dialogue quickly transitioned to offering a trading platform named Bitpointmarket.co, where our informant was encouraged to transfer crypto assets for supposedly lucrative returns. The promise of earning 20% monthly returns was particularly alarming. This type of engagement, where unrealistic promises often accompany unsolicited investment advice, is a classic red flag for potential scams.
Domain Analysis
The domain bitpointmarket.co presents several red flags indicative of a potential scam. Registered on July 19, 2023, with a renewal date set for July 19, 2025, the domain is relatively new. New domains are often associated with scam websites, allowing scammers to establish an online presence before being caught and shut down quickly. The domain is registered through NameSilo, LLC, and the registrant’s contact information is masked by PrivacyGuardian.org, a service often used by scammers to hide their true identity and location.
The website is hosted by Sharktech, with servers in Chicago, United States. Sharktech is a hosting provider known to be favored by certain groups due to its lenient policies regarding the types of content hosted on its servers. This could be a red flag, as reputable companies typically avoid such hosts to maintain legitimacy.
Traffic data for bitpointmarket.co is sparse, which aligns with the hypothesis that this domain may be a scam. The site has no organic search traffic and ranks for only two keywords, indicating it does not have a significant presence on search engines. Additionally, it has a very low authority score on Semrush, which further supports concerns about its credibility.
The backlinks profile is minimal, with only three backlinks, all of which are “nofollow,” meaning they do not pass SEO value. The sites linking to bitpointmarket.co include scamwatcher.com, a site dedicated to exposing scams, and trustedrevie.ws, a site often associated with suspicious reviews. This backlink profile further suggests that the domain is untrustworthy and likely involved in fraudulent activities.
BitPointMarket.co Review
BitPointMarket.co presents as a reliable trading platform, but our investigation raises several red flags suggesting it may be a scam. The website claims to have licenses from reputable regulatory bodies, as displayed in the embedded images showing certificates from the Financial Services Commission of Mauritius and the International Financial Services Commission of Belize.
However, these certificates are likely fabricated, as their information does not align with typical formatting and validation methods used by genuine regulators.
Searching fscmauritius.org revealed no entries for “C112010791” or “BITPOINTMARKET.”
Get in touch with our affiliated Cryptocurrency Forensic Specialists at CNC Intelligence for free by filling out the form below.
Searching belizefsc.org.bz revealed no entries for either “IFSC/60/255/TS/14” or “BITPOINTMARKET.”
The website lists its contact address as 95 Laight St #A, New York, NY 10014, United States, and provides a contact number, +1 443 302 8520, alongside an email, support@BitPointMarket.co. The New York address is highly suspicious because it is a well-known tactic for scammers to use an actual but unrelated location to appear legitimate. Furthermore, the email domain matches the website, which is not unusual but does nothing to add credibility.
The company claims to offer various trading accounts with a minimum deposit starting at $500, with promises of instant withdrawals and segregated funds. However, these claims, coupled with the poor web traffic data, minimal SEO presence, and dubious backlinks, strongly suggest the platform is designed to lure unsuspecting investors into depositing funds they are unlikely to recover.
Given the combination of dubious licensing, suspicious contact details, and the website’s overall setup, it is prudent to conclude that BitPointMarket.co is not a trustworthy platform and may be involved in fraudulent activities. We strongly advise against engaging with this site.
Who is Robert Croak?
Robert Croak is a well-known entrepreneur, most famously recognized as the founder of Sillybandz, a popular wristband product that became a cultural phenomenon. He has built a substantial following on social media platforms, where he shares content about business, financial mindset, and lifestyle habits aimed at helping people achieve financial success. His legitimate online presence includes various channels, such as his official TikTok account, where he has garnered over a million followers, and his website, which provides further information about his business ventures and contact details.
The scammer behind the TikTok account @robretcroalkofficial has exploited Robert Croak’s established reputation to deceive unsuspecting individuals. By creating a counterfeit account with a name almost identical to Croak’s official handle, the scammer is attempting to gain trust through association. The fake account mimics the legitimate one, posting similar content that aligns with Croak’s financial success and investment advice themes.
Here is Robert Corak’s actual TikTok page:
However, this fraudulent account intends to lure followers into investment scams. The scammer engages with potential victims by offering too-good-to-be-true financial returns and directing them to dubious platforms like BitPointMarket.co, which we have already identified as a possible scam. This tactic capitalizes on Robert Croak’s credibility, hoping the association will convince individuals to share their money. It’s crucial to verify the authenticity of such accounts and be wary of unsolicited investment advice, especially when it promises high returns with little to no risk.
CoinMamo – Not CoinMama… CoinMamo!
The conversation with the scammer continues evolving, revealing their manipulative tactics. After inquiring about the user’s cryptocurrency wallet and confirming the presence of a certain amount of money in their cryptocurrency wallet, the scammer directs the user to sign up on “coinmamo.com,” an apparent attempt to divert the user to a fraudulent site. The scammer emphasizes urgency by instructing users to quickly verify their identity and upload their ID for “quick verification,” a common strategy fraudsters use to gain personal information. This development is a clear example of how scammers attempt to gain control over victims’ assets and personal data through seemingly legitimate platforms.
The domain coinmamo.com presents several concerning features that suggest it may not be a trustworthy platform. Registered recently on June 5, 2024, the domain’s newness is a significant red flag. Scam sites often use newly registered domains to set up and operate before they are exposed quickly. The registrar is NameSilo, LLC, and the registrant’s information is hidden using PrivacyGuardian.org, a common tactic to conceal the true identity of those behind fraudulent websites.
The website is hosted by Sharktech, a hosting provider that allows controversial content. The lack of organic or paid search traffic further emphasizes that this domain does not have an established online presence. The absence of significant web traffic is highly suspicious for a supposed crypto trading platform.
Regarding backlinks, the domain has only seven, all of which are “nofollow,” meaning they don’t contribute to SEO credibility. These backlinks come from questionable sources like bitcoinmix.biz and indiatodays.in, both of which have been associated with dubious activities. The site’s authority score on Semrush is non-existent, and it ranks for no relevant keywords, reinforcing the likelihood that this domain was set up for deceptive purposes.
CoinMamo.com Review
The content from CoinMamo.com includes limited contact information, with only an email address provided: support@coinmamo.com. No phone numbers, physical addresses, or social media accounts are listed, which raises concerns about the company’s transparency. The absence of company registration details or regulatory information adds to the uncertainty. Legitimate cryptocurrency exchanges usually provide verifiable details about their corporate status and licensing to reassure users about the security of their funds. This lack of transparency is a significant red flag.
CoinMamo’s website promotes itself as a trusted cryptocurrency exchange but offers little evidence to support this claim. There are no explicit endorsements or partnerships from well-known industry players or regulatory bodies. Additionally, the site uses generic images, including visuals of mobile devices and logos, which appear to be stock photos rather than representations of actual business operations. This is a tactic scam websites use to create an illusion of legitimacy without substance.
Another concerning factor is the mention of high returns with minimal risk, a classic hallmark of financial scams. The user experience described on the website seems automated, with a generic interface for account creation, which may be a part of a phishing attempt. CoinMamo’s failure to provide detailed company credentials or customer testimonials further suggests a lack of legitimacy.
The Bottom Line Regarding BitPointMarket.co
After carefully analyzing BitPointMarket.co, it is evident that the platform exhibits numerous characteristics commonly associated with scams. The fabricated regulatory licenses, dubious contact details, and the manipulative use of a reputable entrepreneur’s identity to lure unsuspecting victims all point toward fraudulent activity. The lack of transparency, combined with the unrealistic promises of high returns, further solidifies our concern. Given these red flags, we strongly advise against using BitPointMarket.co. It is likely a scam, and any investment on this platform could result in significant financial loss.
If you have fallen victim to online scams, please comment below. If you have suffered a substantial financial loss, do not despair. We can help you trace your lost funds!
When you comment, your name, comment, and the timestamp will be public. We also store this data, which may be used for research or content creation in accordance with our Privacy Policy. By commenting, you consent to these terms.