sanctum.so Scam Check: 10/100 Trust | ScamMinder

Exercise caution when interacting with this website.

https://sanctum.so redirected to https//www.sanctum.so during the time we crawled it. The website "sanctum.so" claims to be a platform for browsing, issuing, and buying LSTs (presumably a type of digital asset) on the Solana blockchain. It also mentions enabling the launch of millions of new LSTs, supporting over 10 LSTs, and having a significant traded volume. However, several aspects raise red flags: 1. **Vague and Unrealistic Claims:** The website's claims of launching millions of new LSTs and supporting a high number of LSTs are highly unusual and not in line with the typical operations of legitimate blockchain platforms. 2. **Unverifiable Information:** The website does not provide verifiable information about its team, location, or regulatory compliance. Legitimate blockchain platforms usually have transparent information about their team and are compliant with relevant regulations. 3. **High Volume and Unrealistic Future Projections:** Claiming a high traded volume and projecting significant future developments (e.g., launching in Q1 2024) without substantial evidence or a proven track record is a common tactic used by fraudulent or highly speculative platforms. 4. **Request for Investment Without Clear Use of Funds:** The mention of needing help from investors to build the future without clear details on how the funds will be used is a common tactic in potential scams. 5. **Lack of Independent Verification:** There is a lack of independent, credible sources or reviews that can verify the legitimacy and reliability of the platform. 6. **Domain Age and Hidden WHOIS Information:** The website's domain being relatively new (less than a year old) and having hidden WHOIS information can be indicative of a potentially risky or unestablished platform. 7. **Use of Cryptocurrency and Lack of Regulation:** The use of cryptocurrencies and blockchain technology, while innovative, also presents risks, especially when dealing with platforms that are not subject to clear regulatory oversight. 8. **SSL Certificate:** While the website has an SSL certificate, it's important to note that having an SSL certificate does not guarantee the legitimacy or security of a platform. Given these red flags, it's advisable to exercise extreme caution and conduct thorough, independent research before engaging with the "sanctum.so" platform. It's recommended to look for more established and transparent platforms for any investment or financial activities, especially in the cryptocurrency and blockchain space."

• Vague and Unrealistic Claims, Unverifiable Information, High Volume and Unrealistic Future Projections, Request for Investment Without Clear Use of Funds, Lack of Independent Verification, Domain Age and Hidden WHOIS Information, Use of Cryptocurrency and Lack of Regulation, SSL Certificate