Oibit.net has been identified as a fraudulent cryptocurrency mining, auto-trading, and investment platform, falsely promising profitable returns to lure victims into depositing funds. After investing, users are unable to withdraw their money and are asked to pay additional fees before withdrawals can be processed—a well-known advance fee scam tactic. A victim has reported losing approximately $2,300 through this fraudulent scheme.

OSINT Review

• Domain Information
• Domain: oibit.net
• Registered On: December 3, 2024
• Expires On: December 3, 2025
• Last Updated: December 3, 2024
• Status:Client Delete Prohibited
• Client Transfer Prohibited
• Registrar Information
• Registrar: NICENIC INTERNATIONAL GROUP CO., LIMITED
• IANA ID: 3765
• Phone: +852.68584411
• State: Stockholm
• Country: Sweden

Victim’s Report and Transaction Details

A user reported losing $2,300 after investing in Oibit.net, believing they were participating in crypto mining and automated trading investments. After depositing funds, they were unable to withdraw their earnings, with the platform demanding more money to release funds, which is a hallmark of an advance fee scam.

Transaction Details

• XRP Ledger Address Used in the Scam: rJcnQBZ1phaJiy5gvt1SA2DTkzUUgpXcCp

Key Indicators of Fraud

• Guaranteed Profits from Crypto Mining & Auto Trading: The platform falsely claims users will earn passive income through automated trading and mining, which is unrealistic.
• Blocked Withdrawals & Additional Payment Requests: Victims can deposit money but must pay more fees before “unlocking” withdrawals, which never happens.
• Newly Registered Domain: The website was registered in December 2024, suggesting a new scam operation.
• Anonymous Ownership & Hosting: The registrant’s location is vague, and no real company or public records support its legitimacy.
• No Regulatory Compliance: Oibit.net has no license or financial regulation approval, confirming it as an unregulated entity.

OSINT Findings

Investigations confirm that Oibit.net is a fraudulent cryptocurrency mining and auto-trading scam, using fake promises of passive income and high returns to steal money from investors. Victims deposit funds but cannot withdraw their money, and they are asked to pay additional fees, which is a clear Ponzi or advance fee scam.

Conclusion

Oibit.net has been confirmed as a fraudulent cryptocurrency mining and auto-trading scam, falsely promising high profits but blocking withdrawals and demanding additional payments. Victims deposit funds believing they are earning returns, but they cannot access their money, proving this to be a well-executed crypto fraud scheme. Crypto investors should remain cautious, avoid platforms promising guaranteed profits, and report scams to authorities. If you have been affected, report this scam immediately to prevent further fraud.