Wealth BAX Finance
A California resident reported a suspicious interaction with a stranger named “Sandy” who initiated a conversation via text message. After some exchanges, Sandy suggested moving their chats to WhatsApp, where their relationship grew. Sandy introduced the victim to a crypto trading platform named Wealth Bax, instructing them to create an account by transferring funds to a specific website. This process required the victim to provide personal details and a photo of their driver’s license. The victim subsequently deposited cryptocurrencies into the account and began trading. Sandy claimed that if the victim assisted her financially, she would reciprocate by enhancing the victim’s account balance. The platform displayed an impressive investment value of $281,992; however, when the victim attempted to withdraw funds, they were confronted with a demand to pay over $40,000 in taxes to the IRS. Sandy insisted that this payment was necessary for her own withdrawal, but ultimately, the victim was unable to access any funds, and the website ceased to operate.
Fraudulent Trading Platform
A California resident reported joining a Telegram group focused on crypto trading, guided by an individual named Mason, who claimed to be affiliated with a reputable financial firm. Following the group’s directives, the victim registered on a trading platform called tpkcoin (also known as directcurrent) and made an initial deposit. The victim engaged in a trading program termed “big data trading,” receiving trading signals over five days. Upon completion of the event, the platform demanded $29,000 in commissions. When the victim sought to withdraw funds, they were informed that an additional payment of $48,000 in taxes was required first. An assistant from the platform suggested downloading a cold wallet to facilitate smaller transactions and avoid tax payments. The victim hesitated, seeking further guidance, only to be subsequently blocked from accessing their account as the website became inactive. The victim lost a total of $4,200.
Fraudulent Trading Platform
In another case, a California resident discovered an online crypto investment group led by a professor named Robert, who allegedly generated returns of 20% to 30% from investments. Robert established a trading platform called SILD, where the group traded collectively. An assistant named Angelina guided the victim on how to open an account on the SILD platform. After investing, the victim was informed of an exclusive opportunity requiring a minimum investment of $50,000 to $3 million. When the victim expressed they had $50,000 available, they were told all slots for that amount were filled, but they could still join by contributing $100,000. Angelina encouraged the victim to secure additional funds, assuring them she would contribute to reach the total. Despite efforts to liquidate a Certificate of Deposit at the bank, the transfer was blocked due to suspicions surrounding the platform. Ultimately, the victim transferred $85,000 but was unable to recover any of the funds.
Fraudulent Trading Platform
Another victim, contacted by a person on Instagram, was lured into a romantic relationship that eventually led to discussions about crypto investments. The scammer guided the victim in purchasing crypto assets and registering on a platform called bitaeqcke.net. Initially, the victim was led to believe their account balance was growing. However, when they sought to withdraw funds, they faced a demand to pay over $30,000 as a “tax profit” fee within ten days. When the victim could not comply, the scammer ceased all communication, leaving the victim unable to recover any of their investments.
Fraudulent Trading Platform
A California resident was scammed after unknowingly joining a livestream broadcast on YouTube, purportedly hosted by “Elon Musk,” who offered a giveaway of $100 million in crypto assets. Participants were instructed to send cryptocurrency to a specific wallet address to partake in the giveaway. The victim sent $5,000 to the provided address but found that the website had become non-operational shortly after. This scam exploited the recognizable name and image of a well-known figure to deceive individuals into sending funds.
Fraudulent Trading Platform
In a separate instance, a California resident was approached by “Sharon,” who claimed to be a stockbroker. Sharon successfully convinced the victim to transfer Bitcoin to a platform for trading purposes. After sending the funds, the victim was denied access to their account, and the website became non-functional. This highlights the growing trend of impersonation scams within the cryptocurrency space.
Fraudulent Trading Platform
A California victim was scammed by a fraudulent company named Ceypro Investments. An individual named Ashley contacted the victim through Instagram, claiming to be an experienced crypto investor. Following Ashley’s instructions, the victim began investing but was later told that additional funds were required to withdraw any profits. Ultimately, the victim faced a total loss of $100,000.
Fraudulent Trading Platform
Two California residents shared their experiences with a platform called SAXO Group. One victim was introduced to SAXO through a Facebook Messenger contact, while the other received a call from an individual named Lee. Both victims were convinced to invest in gold trading and were subsequently unable to withdraw their funds upon demand for exorbitant taxes. The combined losses amounted to over $1.5 million.
Fraudulent Trading Platform
A California resident reported meeting someone online who promised to invest in cryptocurrency through CFX Lifestyle, requiring a minimum investment of $5,000. After believing they had made a sound investment, the victim was informed that the company was facing IRS issues and was unable to withdraw their funds.
Fraudulent Trading Platform
A California resident was solicited via Facebook by an employee of YFI App, who promised daily returns on investments. Following the guidance of the employee, the victim transferred funds to a designated wallet, only to discover that the scammers had drained the account after accumulating sufficient funds.
Fraudulent Trading Platform
Another California resident reported being scammed through a platform called piwbit.com, where they believed their account had grown significantly. However, upon attempting to withdraw funds, the victim was met with demands for various fees, ultimately losing $480,000.
Fraudulent Trading Platform
In a case involving incapital.limited, a California resident reported being pressured to deposit additional funds after losing some due to a technical issue on the site. Despite repeated requests to withdraw funds, the victim was unable to recover any of their money.
Fraudulent Trading Platform
A victim reported losing $10,000 worth of Ethereum on a trading platform named bullish-dot.com. After being introduced to the site by an individual online, the victim was unable to access their funds following a failed transaction.
Fraudulent Trading Platform
A California resident reported their experience with a website called nrgbit.com. After being guided through the investment process, they attempted to withdraw funds but lost access to their account.
Fraudulent Trading Platform
A victim reported being unable to withdraw funds from paxos-pro.top after initially trading on the platform. The website is now defunct, and the victim has lost their investment.
Fraudulent Trading Platform
An individual reported being scammed through birbayap.vip, after being contacted by a stranger who built a rapport and encouraged them to invest. The victim lost both their investment and had to deal with harassment from the scammer.
Fraudulent Trading Platform
A victim was contacted by Ananya on TikTok, who promised a return on investment but ultimately failed to deliver any funds after the victim sent money to prolongers.vip.
Fraudulent Trading Platform
A California resident reported losing money to a website impersonating Brave Software, which offered high returns on crypto investments. The website is no longer operational.
Fraudulent Trading Platform
A victim lost over $10,000 after being convinced to invest in a platform called Capital Handels System, which turned out to be a scam.
Fraudulent Trading Platform
A victim reported losing funds to SAXO Group, where they believed they were making significant profits through gold trading but were met with demands for taxes that ultimately led to a total loss of $1.57 million.
Fraudulent Trading Platform
A California resident reported losing $5,000 after investing in CFX Lifestyle, a platform that promised high returns but failed to deliver upon withdrawal requests.
Fraudulent Trading Platform
A California resident reported being scammed after joining a Telegram group focused on crypto trading, where they were guided to invest on a fraudulent platform, ultimately losing a significant amount of funds.
Fraudulent Trading Platform
A victim fell prey to a scam involving the website e-cryptotrading.com, where they were asked to pay high fees before being allowed to withdraw their funds.
Fraudulent Trading Platform
A California resident reported a scam involving the website bybukx.com, where they were unable to withdraw their funds after making an initial deposit.
Fraudulent Trading Platform
A victim reported being scammed through 0xlayer.top, where they were led to believe they were making profits but faced numerous demands for fees before being unable to recover their funds.
Fraudulent Trading Platform
Another victim discovered they were a victim of a scam involving multiversx.net, where they believed their account had grown significantly but faced demands for fees before being unable to withdraw.
Fraudulent Trading Platform
A California resident reported being scammed by coinsns.com, where they were unable to access funds despite initially believing they were making profits.
Fraudulent Trading Platform
A victim reported being approached by a scammer claiming to represent a legitimate crypto project, ultimately losing money without any hope of recovery.
Fraudulent Trading Platform
A resident lost money after interacting with a fraudulent trading platform, where they were promised profits but were ultimately met with fee demands that prevented any withdrawals.
Fraudulent Trading Platform
A victim reported losing significant funds to a scammer who convinced them to invest in a fake crypto trading platform, deteriorating their financial situation.
Fraudulent Trading Platform
A California victim reported being scammed on a platform claiming to facilitate high returns but ultimately lost their entire investment due to demands for fees.
Fraudulent Trading Platform
A California resident fell victim to a scam involving a trading platform that promised high returns but left them unable to access their funds after several interactions.
Fraudulent Trading Platform
A victim reported engaging with a fraudulent platform that impersonated a legitimate investment firm, ultimately losing a significant amount of their investment.
Fraudulent Trading Platform
The victim was approached online by a scammer promising large returns through a fraudulent trading platform, leading to a total loss of their investment.
Fraudulent Trading Platform
A California resident was misled by a scammer who promised high returns, ultimately leading to significant losses on a fraudulent trading platform.
Fraudulent Trading Platform
A victim reported being scammed through a platform offering high yields but ultimately faced demands for fees before being unable to withdraw any funds.
Fraudulent Trading Platform
A California victim encountered several fraudulent trading platforms, ultimately losing a significant amount due to deceptive practices and high demands for fees.
Fraudulent Trading Platform
A victim reported being contacted by a scammer who led them to believe in high returns from a fraudulent trading platform, resulting in a total loss of their investment.
Fraudulent Trading Platform
The victim was introduced to a fraudulent trading platform through a supposed investment opportunity, which ultimately left them without any funds.
Fraudulent Trading Platform
A California victim reported losing their life savings through a series of deceptive interactions with a fraudulent trading platform.
Fraudulent Trading Platform
A victim fell victim to a scam involving a fake trading platform that promised high returns and left them unable to access their funds.
Fraudulent Trading Platform
A California resident reported being scammed by a fraudulent trading platform after being approached online and convinced to invest significant amounts of money.
Fraudulent Trading Platform
Victims reported losing substantial amounts of money after being misled by scammers posing as legitimate trading platforms, ultimately facing numerous obstacles in withdrawing their funds.
