With the continuous growth of cryptocurrency, new platforms are being set up every day. If you have come across Larocas.com and you are considering investing with them, read this review as we will be giving you reasons why you shouldn’t.
What is Larocas.com
Larocas.com claims to be a trading website for a multitude of cryptocurrencies that enables users earn a quick return on their investments. It promotes itself as decentralized crypto exchange platform that lets people buy and sell over a hundred digital assets. They claim to prioritize their security features to make sure the assets of users and well-guarded and accounted for at all times.
How the Larocas.com scam works
The scam started by pushing aggressive ads on social media making use of ai generated videos of celebrities like Elon Musk, Mark Zukerberg, Ronaldo and a couple others endorsing the platform. With these videos and promises of crypto giveaways using promo codes they manipulate people into joining the platform and depositing money.
These videos are expertly done and looks so real that potential victims have no doubt that it is these celebrities indeed and so they trust the videos and the platform by extension. These videos usually have links that sends anyone directly to the platform upon clicking it.
On signing up with these promo codes, users are immediately awarded with 0.031BTC. The scam takes off when these users try to withdraw the 0.031 BTC but are told that in order to do so they’re expected to make a deposit of 0.005BTC. Users who fall for this gimmick and pay or send in actual crypto are immediately restricted from making any withdrawals.
They either ask for more deposits and give reasons as to why this is a good investment choice, or your account is immediately blocked. They do this until they have gathered enough BTC then they disable the site thereby erasing all traces of the just concluded scam.
Problems with Larocas.com
Fake celebrities’ endorsements:
The use of fake celebrities’ endorsements videos is not something a reputable brand would ever indulge in. This points to the lack of ethics and transparency of the Larocas platform, and this is enough reason to avoid them like the plague.
Certifications:
The lack of any documentation or certification by Larocas.com. Despite all their claims of celebrity endorsement, there is no single certification that proves their legality.
Domain Age:
Larocas.com was created on 2024-10-27 and is set to expire on 2025-10-27, in exactly one year. This is a major concern as it seems the website has no plans for a long lifespan. This could be because the scammers behind this plan on cl0osing all operations before the one-year mark.
Site warning:
Every time we tried to access this platform we were always redirected or warned that it was a potential scam. Legitimate sites would not have this issue and if they did, they would have addressed it immediately.
Proof of payment:
There is no single proof that anyone has been paid by this platform. No review or testimonials on independent review platforms either to this effect.
What To Do If You Fall For A Scam
Cancel your credit card
Immediately call your financial provider and cancel your credit card. By so doing, the credit card details you used for your transaction would become null and void.
Request for a new card
After the old credit card has been canceled, ask for a new card, it doesn’t cost much to get one. Your credit card issuer will issue you a new one with different numbers.
Report the Fraud To Relevant Authorities
Report the scam to relevant authorities and organizations. This includes:
- Better Business Bureau (BBB): File a complaint with the BBB if the online store is based in the United States.
- Internet Crime Complaint Center (IC3): If you are in the United States, you can file a complaint with the IC3 at https://www.ic3.gov/.
- Your Local Consumer Protection Agency:
Conclusion
Even though Larocas.com may seem legit at first, there are series of red flags that should discourage any one from trading with this platform or falling for their manipulation gimmicks. We advise against depositing any money on Laroca.com and instead use a trusted exchange with a proven track record.
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