Receiving Address: rnZw5a8upWDp37djtcyaA3kGJwQAC4vqrY (Ripple)
Type of Scam: Investment scam
Details: Associated with the website xrp-reward.net

Type of Scam: Investment Scam
URL of Scam: xrp-reward.net
Cryptocurrency Address: rnZw5a8upWDp37djtcyaA3kGJwQAC4vqrY
Calculated Amount Loss: $72,643.00

Description: The victim reports losing a significant sum of money in a cryptocurrency investment scam via xrp-reward.net. The platform allegedly promised high returns on investments in Ripple (XRP), but the promises were not fulfilled, and the funds were not recoverable.

Open-Source Intelligence Analysis: Investigative Report on Cryptocurrency Investment Scam at xrp-reward.net

Current Website:
xrp-reward.net has been identified as a fraudulent investment platform exploiting the popularity of Ripple’s XRP cryptocurrency. Victims are enticed to invest with the promise of excessive rewards, only to find that the platform is inoperable regarding payouts.

Domain and Hosting Information:

Registrar: Web Commerce Communications Limited dba WebNic.cc
Registered On: 2024-11-24
Expires On: 2025-11-24
Updated On: 2024-11-24
Status: ok
Name Servers:adrian.ns.cloudflare.com, evan.ns.cloudflare.com

Technical Analysis and Legal Action Recommendations:

Domain Registrar: Web Commerce Communications Limited dba WebNic.cc Action Recommended: Obtain detailed registration and ownership information to trace the operators behind the scam.
Name Servers: Managed by Cloudflare, Inc.Action Recommended: Request DNS logs and configurations to track the domain’s network activities and uncover any associated fraudulent operations.

Critical Observations:
The use of Cloudflare’s services could suggest an attempt by the operators to ensure reliability and security of the site, which paradoxically also aids in masking the fraudulent activities from easy detection. The domain’s registration for a brief one-year period is typical of scam operations, intended to defraud quickly and dissolve without trace.

Conclusion:
The operations of xrp-reward.net represent a classic case of a cryptocurrency investment scam, misleading investors with the lure of high returns linked to popular digital currencies like XRP. Immediate legal actions, including subpoenas for domain registration information and DNS activity, are vital to dismantle the fraudulent infrastructure and potentially aid in the recovery of the victim’s funds. Enhancing public awareness about such deceptive schemes is also crucial to protect potential investors from similar scams.

The domain xrp-reward.net has been identified as part of an investment scam targeting cryptocurrency users. Our OSINT investigation reveals critical details about this operation, and we encourage you to share any additional information to help expand the investigation and protect others from falling victim.

Registered on November 24, 2024, through Web Commerce Communications Limited (WebNic.cc), the domain is set to expire on November 24, 2025. Registration details link it to a contact under the name Domain Admin, operating through Whoisprotection.cc, a common service used to mask true registrant identities. The listed address is in Kuala Lumpur, Malaysia, with contact numbers matching the service provider. These details suggest an attempt to obscure the identity of the scammers.

This fraud involves a classic investment scam using Ripple (XRP) cryptocurrency. Victims are directed to transfer funds to the wallet address rnZw5a8upWDp37djtcyaA3kGJwQAC4vqrY , with false promises of high returns or rewards. The reported loss from this scam amounts to $72,643 in XRP, a significant amount that highlights the scale of the operation.

The scammers likely leverage the domain name and a professional-looking website to mislead investors, portraying legitimacy while funneling funds into their accounts. The use of a masked registrant and global hosting further complicates tracing their operations.

If you have encountered this domain or have any related information such as additional wallet addresses, communications, or transaction IDs your insights could provide vital leads. Blockchain analysis of the XRP wallet might also uncover links to other scams or addresses.

Together, we can bring attention to this fraudulent activity and prevent further losses in the crypto community. Share your findings below, and let’s work collectively to expose and dismantle this scam.