Fraud Information and Awareness

Paynoom provides information to help users identify, understand, and avoid fraudulent activity. Due to the nature of crypto-assets and digital transactions, users must remain vigilant and take responsibility for their own security. Crypto-related fraud is continuously evolving and may involve sophisticated methods such as impersonation, social engineering, and deceptive schemes designed to gain unauthorized access to funds.

While this section focuses on fraud-related risks and user awareness, users should also familiarize themselves with broader risks associated with crypto-assets. For more detailed information, please refer to our Risk Disclosure.

Paynoom will never ask you to send funds to personal wallets or unknown third parties, request your password, private keys, or one-time verification codes, contact you via unofficial channels such as Telegram, WhatsApp, or social media, guarantee profits or investment returns, or ask you to install remote access software. Any such request should be treated as a strong indicator of fraudulent activity.

Users should be aware of common fraud schemes, including fake investment opportunities promising guaranteed returns, impersonation of Paynoom representatives or partners, phishing attacks via emails or websites, long-term manipulation schemes such as romance scams, fake promotional giveaways, and job offers requiring crypto payments. These schemes are often designed to appear legitimate and may use professional branding, cloned websites, and convincing communication tactics.

You should exercise increased caution if something does not feel right. Warning signs may include promises of guaranteed or unusually high returns, pressure to act quickly, requests to send crypto-assets urgently, communication outside official channels, or requests for sensitive information such as passwords, private keys, or verification codes. Other indicators include unfamiliar tokens appearing in your wallet that you did not acquire, lack of clear documentation or transaction history, poorly written or non-existent project documentation (whitepapers), negative online reviews, or job offers requiring you to purchase cryptocurrency.

To reduce the risk of fraud, users should interact only with official Paynoom domains and verified communication channels, never share sensitive credentials, carefully verify all transaction details before confirming any transfer, and enable available security measures such as two-factor authentication. Users are also encouraged to conduct independent due diligence before engaging with any third party or platform.

The use of crypto-assets is dependent on distributed ledger technologies and digital infrastructure, which introduces additional risks. Blockchain networks may experience congestion, delays, or protocol changes that can affect transaction processing and settlement. Software vulnerabilities or technical failures may expose users to risks of loss or unauthorized access. Cyber threats such as hacking, phishing, malware, and social engineering attacks continue to evolve and may target both platforms and individual users. Infrastructure failures, including outages of third-party providers, may also affect access to services or the ability to complete transactions. Users should understand that no digital system is entirely risk-free, and maintaining strong personal security practices is essential.

If you believe you have been affected by fraudulent activity, you should immediately stop sending funds, contact Paynoom support, and report the incident to your local law enforcement authorities and relevant regulatory bodies. Due to the irreversible nature of blockchain transactions, recovery of funds may not be possible.

Crypto transactions are irreversible and may result in permanent loss of funds. Paynoom is not responsible for losses arising from user actions, incorrect transaction details, third-party fraud, or external platforms beyond its control. Users are solely responsible for verifying the legitimacy of transactions and maintaining the security of their accounts and credentials.

For more information about risks associated with crypto-assets, please refer to our Risk Disclosure.

List of bad service practice websites

The following entities have been identified as examples of platforms demonstrating questionable or poor service practices. Such practices may include lack of transparency regarding ownership or jurisdiction, misleading or aggressive marketing, promises of guaranteed returns, restrictions or delays in withdrawals, unclear fee structures, absence of proper customer support, or requests for sensitive information. These characteristics may indicate elevated risk and should be treated with caution.

• LINK FINANCIAL LIMITED / Squire’s Finance Limited – As of 12 December 2023, Paynoom received a notification from Lithuanian authorities in relation to activities associated with these entities 
• LUFIDA – https://lufida.com 
• Macnetis – https://macnetis.com 

The inclusion of these entities is for informational purposes only and should be considered as a cautionary reference. Users are strongly advised to independently verify any platform before engaging in financial transactions.

Be alert if any person or platform offers high returns with little or no risk. Such claims are a common characteristic of fraudulent schemes and should always be treated with extreme caution.