Friri.net, a platform claiming to offer arbitrage trading, has scammed individuals using deceptive tactics. The website lured victims into transferring cryptocurrency, including USDT, to upgrade their accounts. Once funds were deposited, users completed a few trades but found their withdrawals locked. The platform demanded an “insurance payment” under the pretense of an AML investigation to release the funds. These tactics strongly indicate a fraudulent operation.
Our investigators followed multiple leads, including cashouts on Changenow, but no proof of transactions was available to validate the scammer’s identity.
If you encounter a platform like Friri.net, exercise caution. Promises of high returns with sudden demands for additional payments are major red flags. Scammers often disguise their intentions by claiming compliance requirements. These claims are not legitimate and are designed to exploit trust.
Based on our findings, Friri.net shows all the signs of being a scam. If you or someone you know has interacted with this platform, avoid further transactions and seek professional help immediately. Your vigilance and timely action are key to protecting yourself and others from such fraud.