Reported As Possible Scam
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Search Results
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Type of Scam: Trading Scam
URL of Scam: https://dyigcrypto.co/
Cryptocurrency Addresses:
0x4F15275821522d208Fae1d584C63f11cBAa8f929 
0x04557e0ff10208bd6c5e11bdac01131a5db76b8f Amount Lost: $537,217
Description: The victim encountered an ad on Facebook promoting a trading app called DYIGcrypto.org. After engaging with the platform, they invested over $100,000, which was subsequently lost to fraudulent activities.
Open-Source Intelligence Analysis: Investigative Report on Fraudulent Activities at dyigcrypto.co
Current Website:
The website dyigcrypto.co has been implicated in a trading scam, targeting users through social media advertisements and leading to significant financial losses by promising lucrative trading opportunities.Domain and Hosting Information:
Registrar: NameSilo, LLC
Registered On: 2024-05-04
Expires On: 2025-05-04
Updated On: 2024-07-18
Status: clientTransferProhibited
Nameservers:jean.ns.cloudflare.com
doug.ns.cloudflare.comTechnical Analysis and Legal Action Recommendations:
Domain Registrar: NameSilo, LLCAction Recommended: Obtain full registration and ownership details to identify and locate the operators behind the scam.
Nameservers: Managed by Cloudflare, Inc.Action Recommended: Secure DNS logs and network configurations to investigate the domain’s activities and uncover any connections to other fraudulent operations.Critical Observations:
The use of Cloudflare’s nameservers suggests an effort to ensure the website performs reliably, which helps in masquerading the scam as a legitimate trading platform. The domain’s relatively short registration period could indicate a potential “hit-and-run” scam, designed to maximize fraudulent gains within a limited timeframe before detection.Conclusion:
The operation conducted through dyigcrypto.co represents a sophisticated trading scam that exploits the credibility of social media platforms to reach potential victims. Immediate, comprehensive legal actions, including subpoenas for detailed domain registration information and DNS logs, are essential to dismantle the fraudulent infrastructure and potentially aid in the recovery of the victim’s funds. Public education about the risks associated with online trading platforms, especially those promoted via social media, is crucial to prevent further victimization.DYIGcrypto.co has been identified as a fraudulent crypto trading platform, promoted through ads on popular social media channels like Facebook. The platform’s associated app, DYIGcrypto.org, claims to offer promising trading opportunities but has proven to be a scam that results in significant financial loss. Victims have reported substantial losses after engaging with this platform, highlighting the risks posed by deceptive online trading sites.
False Promises and Misleading Ads
The scam begins with alluring advertisements on Facebook, designed to draw potential investors into what seems like a lucrative trading opportunity. DYIGcrypto.co portrays itself as a reliable trading platform, enticing users with promises of easy returns. However, once users deposit funds, they encounter significant obstacles when attempting to withdraw their investments or any purported profits.
User Report: Over $537,000 Lost to DYIGcrypto.co
One user has reported a catastrophic loss of approximately 537,217 USD, comprising 5,37,106.05 USDC and 0.00947 ETH. The user transferred funds to multiple receiving crypto addresses connected to DYIGcrypto.co, including:
0x4F15275821522d208Fae1d584C63f11cBAa8f929
0x04557e0ff10208bd6c5e11bdac01131a5db76b8f (repeatedly)These transactions reveal how the platform coerces users into transferring large sums of money, only for the funds to become inaccessible, leaving victims with no means of recovery.
Red Flags and Scam Indicators
Aggressive Social Media Ads: DYIGcrypto.co leverages paid advertising on platforms like Facebook to appear legitimate and draw in victims.
Difficult Withdrawals: Users report facing roadblocks when trying to withdraw funds, with the platform either freezing their accounts or providing false reasons to delay transactions.
Significant Financial Losses: The reported loss of over $537,000 USD is indicative of the scale at which this scam operates, targeting victims with large financial capabilities.
Multiple Receiving Addresses: The use of several cryptocurrency addresses allows scammers to obfuscate the flow of funds, making it difficult for victims to trace or recover their assets.Conclusion :
DYIGcrypto.co is a deceptive and fraudulent trading platform that uses false advertising and promises of high returns to lure victims. Once funds are transferred, users face insurmountable barriers to withdrawing their investments, resulting in substantial financial loss. The platform’s associated app, DYIGcrypto.org, further perpetuates the scam under the guise of legitimacy.
If you come across DYIGcrypto.co, avoid engaging or transferring funds. Reporting this scam to relevant authorities and sharing these experiences can help prevent others from falling victim to similar schemes. Stay vigilant and exercise caution with online trading platforms, especially those heavily marketed on social media with too-good-to-be-true offers.