Beware of app.finswap.io: A Costly Cryptocurrency Scam

If you’ve come across app.finswap.io, stay alert. This platform was used in a sophisticated scam that cost one victim $26,432. The scammers impersonated a trusted broker, gaining the victim’s trust and convincing them to transfer funds to a fraudulent account. They used legitimate exchanges, including Binance and Remitano, to cash out stolen funds. No cryptocurrency wallet addresses are available yet, but investigators traced three transactions to these platforms.

We know how it feels to trust a professional, only to find out it was all a lie. The victim believed they were working with someone real. The scammers even set up a fake account that looked official. Every step was designed to look legitimate. But it was all fake, and the funds disappeared.

At CNC Intelligence, we stepped in to help. We traced the transactions and documented everything. Our team provided a full report and guided the victim on how to report the case to law enforcement.

This case highlights the danger of trusting unknown platforms. If someone promises you an easy way to transfer funds, always check their legitimacy. Ask yourself: Does this seem too good to be true? If it does, it probably is.

Is this a scam? Absolutely. The forged broker identity and fake account leave no doubt. We urge you to stay vigilant and avoid platforms like app.finswap.io. Let’s protect each other from falling into these traps.