Cocorino Exchange displays multiple high-risk indicators of a likely crypto-to-fiat scam, including recent domain creation, unverified identities, and suspiciously easy crypto-to-PayPal promises. The lack of regulatory or business details, coupled with bypassed KYC and Discord-centric support, is highly concerning.
Why We Think This Is A Scam
Domain is less than a week old, which is common for scam operations.
No verifiable business information, registry number, physical address, or licensing details provided.
Promises very fast crypto-to-PayPal conversions with 'no complicated verification', which bypasses standard PayPal and AML requirements ('No complicated verification. No waiting days. Just fast, secure exchanges.')
Relies on Discord as main communication/support channel, a hallmark of many crypto scam sites trying to lure victims into private groups ('Join Our Discord Get instant support').
Unrealistic exchange claims for new and unproven service (e.g., $10k volume, 6 hrs avg time), unsupported by external validation.
No legal or compliance information, despite claims of safety and security ('SSL Secured Verified Platform'), which are empty assurances.
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