Reported As Possible Scam
-
Search Results
-
I recently fell victim to a crypto mining scam on the website Xonecoins.com, resulting in a loss of approximately $600 USD. Despite the platform’s promises of high mining yields and substantial returns, it turned out to be a fraudulent scheme aimed at siphoning off funds from unsuspecting investors.
Transaction Details
- Bitcoin Receiving Address:
1ABsDdw8Aw4JEVdBAFkyAWkhxjDbmdKfi1 
- Total Loss: Approximately $600 USD
Domain Information
- Website: Xonecoins.com
- Â Registration Date: May 2, 2024
- Expiration Date: May 2, 2025
- Last Updated: July 16, 2024
- Registrant Location: Arizona, United States
- Registrar Details: The domain is registered in Arizona, US, suggesting it may be linked to entities within that jurisdiction; however, these details may also be falsified, as scammers often hide their true location.
Receiving Address Analysis
The receiving address
Website Analysis
Xonecoins.com presented itself as a legitimate crypto mining platform with professional design elements, enticing investment promises, and high projected returns. However, several red flags became apparent after further scrutiny:
- Promises of Guaranteed Returns: The site promised guaranteed returns on mining investments, a common tactic used by fraudulent sites to lure investors.
- Lack of Regulatory Information: The website displayed no legitimate information regarding regulatory compliance or licensing, which is critical for any financial or investment platform.
- Unreachable Support: Attempts to reach customer support or request a refund were ignored, demonstrating the scam nature of the platform.
Domain Analysis and Red Flags
- Recent Registration: The domain was only registered in May 2024, which may indicate it was created solely for this scam and could disappear after a few months.
- Minimal Online Presence: No genuine reviews or independent discussions about Xonecoins.com were found on reputable websites, another warning sign.
- Location Obscurity: Although registered in Arizona, the actual operations are likely conducted from an anonymous or untraceable location, which makes law enforcement challenging.
Conclusion
Xonecoins.com displays numerous indicators of a scam, including a suspicious recent domain registration, empty promises of high returns, lack of regulatory oversight, and an unresponsive support team. This experience highlights the need for vigilance and caution when dealing with unfamiliar crypto investment platforms, especially those promising unrealistic returns. Always verify a platform’s credibility and regulatory compliance before making any financial transactions.
We received a complaint regarding Xonecoins.com:
- Scam Name: Vanguard Investment Group – Team 123
- Scam Website URL:
https://m.xonecoins.com/#/pages/assets/mention?currency=1&name=undefined&id=400962&account_type_id=1¤cy_id=1 - Receiving Address: 1ABsDdw8Aw4JEVdBAFkyAWkhxjDbmdKfi1
- Transaction Hash: e8cb11dc40dc5c29a43b969e609af88a8fe36dbec7386da134f81d22441c9323
If you have been scammed by the same scammer, please share your story.
Domain Analysis
The scam involves a fraudulent scheme named Vanguard Investment Group – Team 123, using the website xonecoins.com to deceive victims. The domain was registered on May 2, 2024, with Gname.com Pte. Ltd. and is set to expire on May 2, 2025. It has been involved in multiple Bitcoin transactions, sending and receiving a total of 0.02154300 BTC, equivalent to $1,296.74.
The scam website falsely promotes itself as a decentralized investment platform and has minimal organic search traffic, indicating its new or non-ranking status. The domain’s registrant details are redacted for privacy, adding to the difficulty in tracing the perpetrators. Victims are encouraged to share their stories and collaborate to retrieve their funds.
Xonecoins.com Review
The website Xonecoins.com presents itself as a comprehensive digital currency exchange platform, claiming to offer services such as spot trading, futures trading, options trading, and savings with institutional-grade security and liquidity. It emphasizes its decentralized exchange (DEX) as a core component, promoting features like zero handling fees, 24/7 guest service support, and a system of compensation and investor protection funds. The platform positions itself as a leader in integrating metaverse concepts with cryptocurrency trading, suggesting a broad ecosystem including gaming, virtual concerts, education, and real estate investment within the metaverse.
The contact information includes an email address for general inquiries (
info@xonecoins.com).A critical content analysis reveals several red flags indicative of a scam. The website makes broad and ambitious claims about its services and capabilities without providing verifiable information or user testimonials to back up these assertions. The anonymity of the domain registration and the lack of transparent contact information are also concerning. Additionally, the platform’s promotion of zero handling fees and comprehensive service offerings seems too good to be true, often a hallmark of fraudulent schemes aiming to lure unsuspecting victims.
XONE Coins Reviews
Several reviews on platforms like ScamAdviser, Scam Detector, and Reddit highlight the low trust score of the site and the high likelihood of it being a scam. Victims report being lured into investing with promises of high returns, only to find their accounts frozen or manipulated to prevent withdrawals. An illustrative case involves Dr. Jeff Schmitt, who reported being defrauded through a scheme called SCHWA-68A Premium via WhatsApp, led by fake profiles named Kevin Analyst and Anna Assistant. The scam resulted in significant financial losses, with the scammers controlling the XONE platform and restricting fund access.
The Bottom Line Regarding Xonecoins.com
After examining the details and numerous reports surrounding Xonecoins.com, it becomes apparent that this platform exhibits many characteristics typical of online scams. The website’s lofty promises of high returns, lack of transparent contact information, and the anonymity of its domain registration create an environment ripe for fraudulent activities. The experiences shared by victims, who faced frozen accounts and could not withdraw their funds, further reinforce the suspicion that Xonecoins.com operates with deceptive intentions.
The platform’s polished presentation and ambitious claims starkly contrast with the reality its users face. This dissonance and the site’s low trust scores on various scam-detection platforms signal a strong likelihood of fraudulent behavior. While it may offer the allure of lucrative investment opportunities, the overwhelming evidence suggests that engaging with Xonecoins.com poses significant financial risks.
In conclusion, it is prudent for potential investors to exercise extreme caution and seek alternative, verified avenues for cryptocurrency trading. The patterns observed in Xonecoins.com’s operations align closely with those of well-documented scams, making it a highly unreliable and dangerous platform for financial activities.
- Bitcoin Receiving Address: