ScamCrypto Forum Forums Scam Reports and Alerts Beware of the UltraBot Live Scam: A Cautionary Tale for Traders

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      Hello Community,

      Today, I want to draw your attention to a significant concern in the online trading world: the UltraBot Live Scam. This warning is particularly relevant for anyone exploring automated trading bots as a means to invest in the cryptocurrency market.

      The UltraBot Live Scam: A Snapshot
      – UltraBot Live, hosted at, has been reported for scamming a user from Cape Verde out of $500.
      – Promising a 3% gain, the website vanished after receiving funds, leaving investors in the lurch.

      Disappearance and Red Flags
      – The domain is no longer registered and has vanished without a trace.
      – Despite a high trust score on Scamadviser, there are concerning signs such as hidden owner identity and association with a registrar popular among scammers.
      – The lack of consumer reviews or any substantial online presence raises significant doubts about its legitimacy.

      Affiliate Marketing and Misleading Promotions
      – An Instagram profile, presumably an affiliate marketer, promoted various trading bots, potentially including
      – Such profiles often lure investors with low investment promises of high returns, a common tactic in online scams.

      The Dangers of Unverified Trading Bots
      – Automated trading bots have become a hotbed for scams in the FinTech and Blockchain sectors.
      – Investors are drawn in by the promise of high returns with minimal effort, but often these platforms lack transparency and accountability.

      Our Advice: Stay Vigilant
      – Conduct thorough research before investing in any automated trading platforms.
      – Be wary of platforms that promise high returns with little to no risk.
      – Look for transparent information about the platform’s ownership, operation, and user reviews.

      Have You Been Affected?
      – If you’ve had an experience with UltraBot Live or similar platforms, we encourage you to share your story.
      – Your insights can help others avoid falling victim to similar scams.

      – UltraBot Live serves as a stark reminder of the risks associated with online trading platforms, especially those promising unrealistic returns.
      – Always approach such investment opportunities with caution and due diligence.

      Your awareness and vigilance are crucial in navigating the complex and often risky world of online trading. Let’s work together to keep our community informed and safe from such scams.

      Thank you for taking the time to read this warning. Stay informed, stay cautious, and most importantly, stay safe.

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