We received a concerning report involving biticrypto.com and falcoinew.net, which are at the center of a significant cryptocurrency scam. The victim, who transferred $1.3 million through USDT across 27 transactions, never saw their funds reach the intended destination. Despite the scammers claiming successful transfers, the funds vanished. The fraudulent operation lured the victim through WhatsApp, promising high returns and exclusive investment opportunities, all while using multiple cryptocurrency addresses to conceal their tracks.
In this case, two wallet addresses were identified as fraudulent:
- 0x08829cead9887257b6ed7f2f6fa403af8d8812c2
- 0xd38fe586d5b9ff45a52a7d8cda0eb9bc1b804679
These wallets have been involved in a series of scams across various platforms. The scammers used biticrypto.com and falcoinew.net to manipulate victims, exploiting trust and the complexities of cryptocurrency transfers. We strongly urge you to avoid engaging with these sites or addresses and to verify any platform before transferring funds.
Receiving Address: 0x08829cead9887257b6ed7f2f6fa403af8d8812c2
Upon reviewing the activity associated with the receiving address 0x08829cead9887257b6ed7f2f6fa403af8d8812c2, we found several notable transactions that align with the complaint against biticrypto.com. This address shows significant activity, including a sizeable outgoing transfer of 123,804 USDT on August 11, 2024. This aligns with the victim’s timeline, who reported sending a substantial amount through USDT.
The address has received and transferred large sums across multiple transactions, occurring around the same timeframe as the reported scam. This pattern suggests that this wallet was actively used in fraudulent operations to move stolen funds quickly across various platforms. The address itself has no current balance, indicating that the funds have already been siphoned off, a common tactic among scammers to minimize the risk of tracing the funds back to them.
Given the scale of the transactions and the close match with the complaint’s details, this receiving address played a central role in the scam perpetrated through biticrypto.com.
Receiving Address: 0xd38fe586d5b9ff45a52a7d8cda0eb9bc1b804679
Upon analyzing the activity tied to the receiving address 0xd38fe586d5b9ff45a52a7d8cda0eb9bc1b804679, we identified several large transactions that raise significant red flags. One notable transaction involved the transfer of 41,408 USDT on August 6, 2024, which closely aligns with the victim’s complaint of losing substantial amounts in a cryptocurrency scam involving biticrypto.com.
The address has been used for multiple large USDT transfers, all within a short period in early August 2024. These transactions mirror the pattern of a scam operation, where funds are quickly moved across different platforms to make recovery difficult. The address currently holds no balance, suggesting that the scammers have already moved the funds out to avoid detection.
Given the timing and volume of transactions, it’s clear that this receiving address was instrumental in handling stolen funds from victims of biticrypto.com, making it a key component in their fraudulent activities.
Domain Analysis: Biticrypto.com
The domain biticrypto.com was registered through GoDaddy.com in 2018 and remains active, with an expiration date set for 2025. It is registered under Domains By Proxy, LLC, which provides privacy for the domain owner, a common tactic among scam sites to obscure their true identity. The domain is hosted by Cloudflare, Inc., a widely used hosting provider, but the use of Cloudflare’s protection services further complicates attempts to trace the actual operators behind the site.
Traffic data shows that biticrypto.com has minimal engagement, with a global ranking of over 15 million and a low number of total visits. This suggests that it operates in obscurity, likely targeting individuals through direct channels such as WhatsApp or email rather than organic discovery. The average visit duration on the site is extremely short, at just 13 seconds, with a high bounce rate of over 42%, which indicates low user trust or satisfaction.
The domain’s SEO footprint is weak, with only a handful of backlinks, most associated with dubious sites or scam-related pages. Despite existing since 2018, the domain has failed to build any credible presence, further raising suspicion. Its top keywords are also related to its brand name, showing no significant organic search presence outside of its immediate web address. It is a hallmark of a fraudulent operation designed to avoid widespread detection while continuing its activities under the radar.
Domain Analysis: Falcoinew.net
The domain falcoinew.net was registered in June 2024 through Gname.com, with a registration period extending until June 2025. Its status is marked as clientTransferProhibited, suggesting attempts to secure the domain from immediate changes, a move often made by fraudulent websites to limit exposure. The site is hosted by Cloudflare, Inc., which provides robust privacy protections, making it difficult to trace the actual operators behind the domain.
Despite being a relatively new domain, falcoinew.net raises several red flags. It has a zero authority score and no organic or paid search traffic, indicating that it hasn’t been built to attract legitimate users via standard online channels. Instead, it seems designed to operate in the shadows, likely driving traffic through direct communication or deceptive practices, much like other scam sites. The domain lacks any legitimate online presence or credibility with only three backlinks from questionable sources, including SEO-related sites that appear equally dubious.
Furthermore, the website has minimal traffic and engagement, typical for fraudulent operations aiming to conduct their scams without drawing too much attention. The fact that the domain is registered under a privacy protection service, combined with its low-quality backlinks and absence of organic reach, suggests that falcoinew.net is being used as a fraudulent front, mirroring the scam activity we observed on biticrypto.com. The short lifespan of the domain also signals that this site was likely created for a specific fraudulent operation, further solidifying its lack of legitimacy.
Biticrypto.com Review
The content provided on biticrypto.com gives an extensive overview of its supposed operations as a cryptocurrency trading platform, promoting the trading of various cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE). They claim to offer a safe and reliable environment through global server load balancing, distributed clusters, and other security technologies. However, several elements raise serious concerns about the legitimacy of this platform.
The platform claims to be a “global comprehensive cryptocurrency trading platform” that supports emerging cryptocurrencies and promotes low-carbon travel initiatives. While these features may seem appealing, the lack of transparency surrounding the company’s operations is a significant red flag. The website provides no physical address, and the only contact method is an email, support@biticrypto.com, which lacks a proper support framework or regulatory oversight, often seen on legitimate trading platforms. No phone numbers, live chat features, or social media accounts are listed, which limits the user’s ability to verify their claims or seek support.
Moreover, despite their claim of being among the “top 50 trading platforms globally,” no verifiable third-party evidence supports this assertion. The absence of regulatory information or licenses raises further suspicion. Statements such as “part of the platform’s income will go toward charitable causes,” and their promotion of low-carbon travel seem more like marketing gimmicks than genuine initiatives, given the lack of transparency.
Falcoinew.net Review
The website falcoinew.net presents itself as a cryptocurrency exchange platform, claiming to provide secure, reliable, and fast services for global users. The site highlights hot and cold wallets, multi-signature systems, and a comprehensive financial risk control system. However, a deeper look into the provided information reveals several red flags that raise concerns about the platform’s legitimacy.
One of the most alarming issues is the lack of transparency in contact information. The only point of contact listed is an email address, support@falcoin.online, and no physical address or phone number is provided. Fraudulent platforms often lack clear and direct communication channels to avoid accountability. Additionally, there is no mention of regulatory oversight, licensing, or compliance with financial authorities—critical details that any legitimate financial service should disclose.
The website also boasts about serving millions of users across 130 countries, yet there is no verifiable data or user testimonials to back this claim. Similarly, the platform’s focus on “fast recharge and withdrawal” within three minutes feels more like a marketing ploy than a credible feature, as such promises are uncommon in well-regulated cryptocurrency exchanges due to security concerns.
Moreover, the platform offers no evidence of its alleged partnerships or audits by third-party security agencies, and the overly polished language about “filtering 80% high-risk projects” raises further suspicion. Without explicit regulatory backing, transparent communication, or verifiable security measures, falcoinew.net displays several characteristics typical of a scam, and users should exercise extreme caution before engaging with this site.
Biticrypto.com Reviews
The website biticrypto.com has generated significant suspicion among users, with many Reddit posts pointing toward its fraudulent nature. Posting under the username OperationStunning872, one user initially inquired about the platform’s legitimacy, referencing a supposed association with “Professor Edward advisory group.” This group is often connected with scams, especially on platforms like WhatsApp and Signal, which are common communication channels for scammers.
Several Reddit users responded, expressing strong doubts about the legitimacy of biticrypto.com. One user, Ok-Lingonberry-8261, emphasized that platforms linked with WhatsApp groups like these are “always a scam.” Others, such as No_Mammoth_4945, explained how these platforms typically operate. They described how scammers use fake websites to manipulate victims into believing they are making large profits, only to trap them with withdrawal fees and fabricated account balances: “The trading platform they lead you to is a fake website. You don’t own any of the shares you buy because the money you put in goes straight to the scammer’s wallet.”
Powker1 also highlighted the desperation exhibited by biticrypto.com, noting that multiple people contacted them daily, urging them to take out loans or use credit cards to invest. This level of pressure, coupled with promises of unrealistic returns like making “100k in a month,” further solidifies the platform’s fraudulent intent. The overall sentiment on Reddit is clear: biticrypto.com operates as a scam, with users advising others to avoid interacting with the platform.
Additional Implicated Domains & Complaints We Received
Our research revealed additional domains associated with this scam, including:
- falcoinew.com
- falcoin.top
- falcoin.vip
- falcoin.online
A recent complaint we received describes a case involving a significant financial loss through cryptocurrency transactions. The individual reported being scammed in an investment scheme, losing approximately $150,000 through five transactions involving platforms such as Kraken, Coinbase, and Falcoinew.com. Over several weeks, the funds were transferred using cryptocurrencies, particularly Bitcoin (BTC) and USDT.
The nature of the scam suggests it was an investment scam, with the victim likely lured in by promises of high returns. Despite multiple transactions, the victim was left without the promised returns. Communication between the victim and the scammers continued over time, and some documentation was provided, but the funds were never recovered. This case highlights the dangers of unregulated cryptocurrency platforms and the importance of vigilance when engaging in such financial transactions.
Unsurprisingly, it is a clone of falcoinew.net.
Falcon.top, Falcoin.vip, and Falcoin.online are no longer online.
Please share your experiences with domains related to this scam in our Falcoin forum thread.
The Bottom Line Regarding Biticrypto.com or Falcoinew.net
After thoroughly reviewing the available information on biticrypto.com and falcoinew.net, it becomes evident that both platforms exhibit numerous red flags indicative of fraudulent activity. The feedback from users across platforms like Reddit paints a clear picture of biticrypto.com as a scam. The website, linked to shady advisory groups and offering unrealistic promises of high returns, operates like many fraudulent cryptocurrency platforms. Users report the same pattern: initial small gains that lure them into investing more, only to be hit with withdrawal restrictions, fees, and eventually the inability to recover their funds.
Similarly, falcoinew.net shows signs of being a questionable platform. Its recent registration, lack of a meaningful online presence, and the use of common tactics like promoting high-volume, low-risk trading raise significant concerns. The platform claims to offer global services and secure financial transactions, but the lack of transparency, essential contact details, and minimal regulatory information make it difficult to trust. Moreover, both platforms mask their server locations using services like Cloudflare, a common tactic for hiding the true origin of scam operations.
Based on this review, it is reasonable to conclude that biticrypto.com and falcoinew.net should be approached with extreme caution if not avoided altogether. The numerous warning signs, lack of transparency, and user complaints suggest that these platforms are more likely designed to exploit unsuspecting investors rather than provide legitimate trading services.
If you were scammed in cryptocurrency, we can help you trace your funds!