We need to talk about a dangerous scam involving the website Coinwyie.com. This fake trading platform demanded a 25% tax payment upfront before releasing cryptocurrency funds. They tricked their victim into sending payments, claiming the money was necessary to access their investment. The scammers cashed out through OKX, making it harder to track the stolen funds.

The client reported a total loss of $70,000. The scam started with promises of investment gains but quickly escalated into fake fees. The scammers pushed hard, even convincing the victim to involve a friend to cover costs. It’s clear these people use emotional pressure to get what they want.

We dove deep into this case at CNC Intelligence. We traced multiple transactions, identified cashouts, and prepared a detailed report for further action. We provided the victim with critical tools to file reports with law enforcement. This kind of investigative work is key to stopping these scams in the future.

If you’re wondering, yes, this is 100% a scam. The fake tax demand is a classic red flag. No legitimate platform requires upfront fees to release funds. We’re sharing this story to warn you and others about how these scams work. If you’ve seen anything like this or have been approached by Coinwyie.com, take action fast. Scammers thrive in the shadows—let’s shine a light on them.

Stay alert and always verify where your money is going.