Scam Details: The victim was drawn into an investment scam operated through DFPCoin.com. Promising high returns, the scam involved a total of 12,123 USDT, leading to a loss of $200,000. After transferring funds to the provided cryptocurrency address, the victim was unable to withdraw the invested amount or recover any of the promised returns, signaling the fraudulent nature of the platform.

Domain Information Analysis:

Domain: dfpcoin.com

Registrar: GoDaddy.com, LLC
Nameservers: cloudflare.com

Registration Details: Registered on December 21, 2021; set to expire on December 20, 2025.
Status: Active
Registrant Contact: Domains By Proxy, LLC (privacy service)
Location: Tempe, Arizona, US
The use of a privacy service, Domains By Proxy, suggests that the platform operators are trying to conceal their identity. Cloudflare is used for masking the website’s real hosting location, which is common in scams.

Receiving Cryptocurrency Address:

USDT: 0x3411d85decaa4ef9884a8df8e1a444709cc166e0
Recommended Actions:

Report to Cryptocurrency Exchanges: Inform the cryptocurrency exchanges where the USDT was transferred. Provide them with the relevant address to help monitor and track the funds.
Contact Law Enforcement: File a report with local law enforcement or a cybercrime unit. Share detailed information, including the cryptocurrency address, transaction IDs, and any communications with the scam platform.
Consult Legal Experts: Seek advice from a lawyer specializing in cryptocurrency scams. Legal counsel can help determine whether the funds can be recovered and guide you on the best course of action.
Secure Remaining Digital Assets: If you have any remaining digital assets, ensure they are stored securely in a trusted wallet. Consider moving any remaining funds to a new wallet.
Fraud Alerts and Monitoring: Set up alerts on blockchain monitoring services to track any further activity related to the scam’s cryptocurrency address.
Public Awareness: Share your experience on social media platforms, cryptocurrency forums, and scam reporting websites. Raising awareness helps protect others from falling victim to the same scam.

Conclusion: Engagement with DFPCoin led to a financial loss of $200,000 due to an investment scam. Immediate actions, including reporting to exchanges, law enforcement, and legal consultation, are crucial for minimizing further damage. Public awareness is essential in helping others avoid similar scams and protecting the cryptocurrency community.

We recently received a complaint regarding troubling practices on the trading platform DFPCoin. The individual who reported this incident attempted to withdraw funds from their account after successful trading activities, but the platform refused to release the money unless an additional payment was made to a specified cryptocurrency wallet. The receiving address involved in this scheme is 0x3411d85decaa4ef9884a8df8e1a444709cc166e0 . The total financial loss sustained in this incident was approximately $200,000. We want to bring this situation to your attention, as it strongly suggests fraudulent activity.

After the initial refusal to allow the withdrawal without additional payment, the subsequent attempts by the user to withdraw their funds were ignored by DFPCoin entirely. This behavior is indicative of a classic advance-fee scam, where fraudsters demand additional payments under false pretenses, effectively extorting more funds from their victims. In this instance, the platform’s refusal to return funds without further investment, combined with their unresponsiveness to withdrawal requests, suggests an intention to defraud.

We urge you to be extremely cautious when dealing with any trading platform that demands additional payments before allowing you to access your own funds. Such demands are highly irregular and should immediately raise red flags. It is also essential to investigate the credibility of any trading platform before investing, including seeking out independent reviews and confirming the legitimacy of their operations. DFPCoin actions, as reported in this case, align with well-known fraudulent behaviors seen in other scam operations. The pattern of refusing withdrawals and asking for further payments is a significant warning sign of malicious intent.

While we cannot declare with absolute certainty that DFPCoin is a scam based solely on this complaint, the evidence presented suggests a high likelihood of fraudulent behavior. The substantial financial loss, refusal to process withdrawals, and demands for additional payment are consistent with known scam tactics. If you have had similar experiences with DFPCoin or other platforms, we recommend reporting the incident immediately and taking all necessary measures to protect your financial information. Remaining vigilant and doing thorough research is crucial to avoid falling victim to such schemes.