Cryptocurrency Businesses That Appear To Be Engaged In Fraud
Reported Crypto Websites – A Scam Victim Alert
A SCARS Special Report – May 22, 2023
A Note on Imposters: Imposter websites used in cryptocurrency fraud is one of the most commonly reported Investment scams (Pig Butchering scams.) The companies or websites listed may sound similar to the names of other companies or websites that also operate in the marketplace. When companies or websites (fake or not) have look- or sound-alike names, the potential confusion created for consumers is real.
Attempting to take advantage of such confusion is a tactic employed by some cryptocurrency fraudsters looking to profit from unsuspecting consumers. The best way to avoid falling victim to a cryptocurrency fraud phony company or website is to do research on the company before you invest or send money.
Cryptocurrency Is Full Of Fraud
According to California State Regulators, the Following Cryptocurrency Businesses Should Be Avoided! They are Engaged in Pig Butchering Scams!
The following are the identified companies (or fake companies) involved in cryptocurrency fraud
Source: State of California, Department of Financial Protection and Innovation
NOTE: The scams listed are based on consumer complaints of cryptocurrency fraud to California DFPI. They represent descriptions of cryptocurrency fraud losses incurred in transactions that complainants have identified as part of a fraudulent or deceptive operation. The DFPI has not verified the losses reported by complainants. As new cryptocurrency fraud/scams emerge, the DFPI will update this list on an ongoing basis to alert and protect the public – to view the latest list click here.
| COMPANY | Description | Scammer Identified | URL |
|---|
COMPANY | Description | Scammer Identified | URL |
|---|---|---|---|
| Hydefieco | Cryptocurrency Fraud The victim was contacted by “George” about a cryptocurrency investment, promising that if she invested $250,000 and the company reached the investment goal, the victim could qualify for seven Ethereum tokens. Not only did the victim lose the $250,000, but the scammers were able to steal another $40,000 from the victim’s wallet. Scammers then told the victim she needed to invest another $310,000 by a certain date to get their money back. The company operated a website at https://www.hydefieco.com. | Fan Zhang (aka George) Sophie | https://www.hydefieco.com |
| OS Option Exchange | Cryptocurrency Fraud The victim thought he was investing in cryptocurrency through the website osoptionsexhchange.com and sent U.S. dollars. Scammers provided screen shots showing profits, but when victim tried to withdraw the money, he lost all contact with company. | https://osoptionexchange.com/ | |
| Tahoe Digital Exchange (Ta.hoe) | Cryptocurrency Fraud The victim met a woman he thought was in love with him. After victim shared his dream of wanting to buy a motor home and travel, the scammer convinced him she could help him reach his goal through cryptocurrency. The victim gave the scammer $64,000 to invest in Tahoe Digital Exchange. The scammer then told him his investment was now worth almost $200,000. But when the victim tried to transfer the money out, Tahoe Digital Exchange told him he needed to pay more than $30,000 in taxes. After that, Tahoe Digital Exchange asked for another $20,000 for him to get his money back. The victim had no more money, so Tahoe Digital Exchange froze his assets, and he never heard from the woman again. The company operated a website at https://Tahoe-dex.com/dist. | http://tahoe-dex.com/ https://Tahoe-dex.com/dist |
|
| HODL Soft Ltd | Cryptocurrency Fraud The victim met a man online, and they began a relationship. After talking about the future, the scammer told her that for a better retirement she should invest in Hodlsofltd.com. Victim transferred money into a cryptocurrency exchange and then invested in the website. She was told she needed to keep her money there for four months before she could withdraw. She could view her account statement online showing large returns. However after four months, when she tried to withdraw her money, the company starting making excuses for not giving her money back. The company operated a website at https://HodlSoftLtd.com. | https://HodlSoftLtd.com https://hodlsoftltd.com/education.html |
|
| FUN ETH | Cryptocurrency Fraud The victim met “Yun Wang” on the Facebook Dating App. She got him interested in Ethereum cryptocurrency mining and sent him a link for a company in which he could invest, fun-eth.com. Victim opened a Coinbase wallet and transferred money to fun-eth.com with Yun Wang’s encouragement. He believed he had profits of more than $14,000, but then his money disappeared. The company operated the websites at https://fun-eth.com and https://eth-fun.com. | Yun Wang (FB: Facebook.com/yun.wang.56863221) | www.fun-eth.com |
| Privmoney Private Money | Cryptocurrency Fraud The company, Private Money, advertises itself as a private crypto wallet available at https//privmoney.com. A California resident deposited 18 Bitcoin, and now cannot withdraw. | Privmoney.com | |
| MicroStrategy US (Entity impersonating MicroStrategy) | Cryptocurrency Fraud The victim participated in a livestream event on YouTube where subject offered “2 for 1 airdrop of Bitcoin or Ethereum, i.e., any Send will be returned with twice the Receive, up to 25000 ETH & 5000 BTC” for 24 hours. Victim sent 3 ETH and received a message from a Chat agent (translated from Russian as “Thanks for allowing me to eat.”) Victim then realized it was a scam. The company operated a website at https://airdrop-strategy.com. | https://airdrop-strategy.com/ https://www.youtube.com/user/ralowe666 |
|
| https://mobile.coinbaseltdus.com/ (Entity impersonating Coinbase-related entity) | Cryptocurrency Fraud The victim was contacted by “Lotus Nina Ivanovna” who said she could help with cryptocurrency trading. Victim transferred coins from legitimate crypto brokerages to the scam site: https://mobile.coinbaseltdus.com/pc.html. Afterward, victim received a message on the website claiming her account was locked for verification and that she needed to transfer more money to the account to unlock. Victim then realized it was a scam. The company operated a website at https://mobile.coinbaseltdus.com. | Lotus Nina | https://mobile.coinbaseltdus.com/pc.html |
| OBFX Global | Cryptocurrency Fraud The victim accepted a Friend Request on Facebook from “Alvin Robel.” After exchanging pleasantries, “Alvin” asked to move the chat to WhatsApp where victim thought they were developing a relationship. After a few months, Alvin brought up trading cryptocurrencies as a way to help achieve financial goals. Alvin instructed the victim how to set up accounts on legitimate crypto platforms like crypto.com and the MetaTrader5 platform. Alvin said they could earn $10 million trading together and told victim she could buy a villa in Croatia. Victim even took out loans to facilitate the aggressive trading goals Alvin had set. Alvin even claimed to have injected his own money into the account after the victim tried to trade on her own. Finally, Alvin told the victim the account was worth $1.25 million, and he was going to fly out to California to meet her. He then claimed he was in San Francisco, but had to quarantine due to COVID. At that point, victim was contacted by a “broker” who told her she needed to $95 in capital gains taxes to get the money out. After she paid that, the “broker” claimed the victim owed “spread fees” of $35,000. Victim has given more than $245,000 to the scammer including money taken out as loans borrowed from family and friends. The company operated a website at https://obgfx.cc. | https://obgfx.cc/ | |
| Uniswap.LLC (Entity impersonating Uniswap Ltd.) | Cryptocurrency Fraud The victim met a person calling themselves “Heitor Ryan” on the internet who claimed to work at a bank. They chatted as friends for several months, then Heitor lured the victim into investing on a crypto website that turned out to be a fraud. Victim thought they were investing in a liquidity mining pool called uniswap.llc that the person online promised would provide a high rate of return based on “tiers” according to the amount invested. The site claimed the investment would stay in U.S. dollars, thus avoiding the risk of being invested in cryptocurrency, and said the investment was perfectly safe. Victim transferred cryptocurrency into an account on the site, and the site showed him making daily returns. But when the victim tried to withdraw the funds, he was told that his wallet address was “abnormal,” and he would need put another $7,000 in to clear it up. Victim has not been able to get the $14,000 he invested back. The company operated the websites at https://Uniswap.org. | Hector Ryan (or Heitor Ryan) | https://uniswap.llc/ |
If you are a resident of California and want to file a complaint with the Department of Financial Protection & Innovation click here.
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