Beware of Bitoneapp: The $150,000 Scam Story

When we first heard about Bitoneapp.com, it was clear something wasn’t right. The scam started with promises of big profits and quick gains. But when it came time to withdraw the funds, the nightmare began. The scammers demanded repeated “risk value refundable tax” payments. The victim, trusting the process, paid $45,000 and $29,000. Then they asked for another $60,000, claiming the account’s “risk value” needed lowering before a withdrawal could happen. Their emails came from mail@bitoneus.com, and they threatened to freeze the account if the payment wasn’t made.

We worked on this case and traced over ten transactions involving Bitcoin, Ethereum, and USDC. The total loss? A staggering $150,000. Our investigators prepared a full report, including a detailed timeline and the scammer’s communication patterns. We also helped the victim contact the Brampton Police and RCMP in Canada.

If you’ve been contacted by Bitoneapp or similar platforms, beware. Their tactics include fake profit displays, high-pressure tax demands, and threats of account freezes. This is a scam. There is no chance of recovering funds by paying them more. We urge you to stay alert and avoid falling for their tricks.

CNC Intelligence helped uncover the full extent of this operation, documenting every detail and tracing the money trail. If you’ve been affected by this scam or a similar one, reach out. We’re here to help.