Type of Scam: Investment Scam
URL of Scam: btchfx.com
Cryptocurrency Address: bc1qg6vaswffu9tzj7scdfmu9c9v49n43ues3vf9lz
Calculated Amount Loss: $5,019.00

Description: The victim attempted to withdraw their funds from btchfx.com to close their account but faced repeated demands for additional payments purportedly for a “risk assessment” of their Cash App. The platform now insists on a wire transfer to release the victim’s funds, a common tactic in financial scams to extract more money under the guise of procedural necessities.

Open-Source Intelligence Analysis: Investigative Report on Withdrawal Scam at btchfx.com

Current Website:
The website btchfx.com is involved in an investment scam where victims are manipulated into paying additional fees ostensibly for administrative procedures that are typically unnecessary and designed to prolong or prevent the withdrawal of their own funds.

Domain and Hosting Information:

Registrar: NameSilo, LLC
Registered On: 2024-07-01
Expires On: 2025-07-01
Updated On: 2024-07-01
Status: ok
Nameservers: kara.ns.cloudflare.com, noel.ns.cloudflare.com

Technical Analysis and Legal Action Recommendations:

Domain Registrar: NameSilo, LLCAction Recommended: Obtain full registration and ownership details to identify and track the operators behind btchfx.com.
Nameservers: Managed by Cloudflare, Inc.Action Recommended: Request DNS logs and network configurations to trace the domain’s network activities and identify any linked fraudulent operations.

Critical Observations:
The use of Cloudflare nameservers suggests an attempt to enhance site performance and reliability while potentially complicating efforts to trace the site’s actual operational base. The domain’s short registration period is indicative of a potential “hit and run” scam, established to defraud users quickly before detection.

Conclusion:
The deceptive practices observed at btchfx.com highlight a clear case of financial exploitation involving unnecessary and continuous demands for payments to release user funds. Immediate, comprehensive legal actions, including subpoenas for detailed domain registration information and DNS activity, are essential to dismantle the fraudulent infrastructure, potentially aid in the recovery of the victim’s funds, and prevent further exploitation. Raising public awareness about such withdrawal scams is crucial to protect potential investors.

If you’ve encountered btchfx.com, be aware that this website is part of a fraudulent Trade scheme designed to steal Bitcoin from unsuspecting users. Promising high returns on Bitcoin investments, the platform is a scam that directs funds to illicitly controlled addresses. Based on our OSINT investigation, here are the critical details you should know.

The domain btchfx.com was registered on July 1, 2024, through NameSilo, LLC, and is set to expire on July 1, 2025. The registration is listed under PrivacyGuardian.org, a service that obscures the true identity of the domain owner. The registrant’s contact information is masked, but the address and phone number provided are based in Phoenix, Arizona, USA.

Victims of this scam are instructed to send Bitcoin (BTC) to the following address:

bc1qg6vaswffu9tzj7scdfmu9c9v49n43ues3vf9lz
So far, the total known loss associated with this address is $17,000.00. Investigators should focus on this wallet address for further analysis and trace any related transactions or linked addresses.

The scam operates by convincing users to send Bitcoin to this address with promises of high investment returns. However, once the funds are transferred, the scam platform disappears, and the victims are left with no recourse.

If you have additional information regarding btchfx.com, such as further wallet addresses, details of communication with the platform, or any other insights, please share them to help with ongoing investigations. Your contributions could be essential in bringing these criminals to justice.

Let’s work together to expose this fraud and prevent further losses. If you’ve been impacted or have additional details, please provide them here.