I would never trust anyone who don´t disclose business information. They will however fool a lot of people because of their high value domain and beautiful website.
I´m pretty sure I figured out the "scam". They bought an expensive domain 'vaulty.com' in 2020, and they made a really beautiful and trustworthy website. Then they promise you a lot of features with their crypto wallet, that they can NEVER fulfil and it will never happen.
It´s simply a cheap crypto wallet bought on Alibaba for perhaps 50 USD. They are then reselling it to you at 180 USD. They will use 3D secure for the transaction and have shipping confirmation to prove that they delivered the product.
They will sell 10.000 of these at 50 USD profit. The website will disappear, and in 6 months a new scheme will pop up ;-)
I found their product. It costs 69 USD on Alibaba So they promise things like payment as a normal creditcard to lure in a lot of buyers, who have no other options. And then the feature will never come.