Scam Name: Coinone.vip Cryptocurrency Scam

Calculated Amount Lost: $1,105,500 USD
Scam URL: coinone.vip

Victim Description:
The victim used coinone.vip, a fraudulent cryptocurrency platform, to deposit funds. After depositing the significant sum of $1,105,500, the victim encountered issues when attempting to withdraw the funds. The scammers informed the victim that the account was “abnormal” and demanded additional funds for account verification before allowing any withdrawals. Despite efforts to comply, the victim was unable to access the funds, and no withdrawals were processed, indicating a classic scam tactic designed to extort more money from victims.

Scam Tactics:
Initial Contact & Deposit:
The victim used the coinone.vip platform, where they deposited a substantial amount of funds, $1,105,500. Initially, the platform seemed to operate as a legitimate cryptocurrency exchange.
Withdrawal Issues:
Upon attempting to withdraw the funds, the victim was told that their account was “abnormal” and that additional funds were needed for verification before any withdrawals could take place. This is a typical scam tactic to manipulate victims into depositing more money without the intention of ever releasing the funds.
Request for Additional Funds:
The scammers used the excuse of “account verification” to pressure the victim into sending additional funds. This is a manipulation strategy often used in cryptocurrency scams to extort more money from victims.
Failure to Access Funds:
Despite the victim complying with the scammers’ requests, they were unable to withdraw any funds. This indicates that the platform was a fraudulent operation designed to steal funds rather than provide a legitimate service.

Cryptocurrency Addresses Involved:

• 0xF944f4cbD43E257cD1466F587fF0cb13B11e6344
• 0x2d5aab7cf5c74c8fe0ca08708362ee517b51fbce
• 0x45a1e1a7c81a7d85e29afdb8499ba182c3480dea
• 0xdcfa7813188d470c534b59e751e82a39205b20f4
• 0xa306141239b8ed00a83b83bee773c67e39fb14cf

These wallet addresses were likely used to receive the victim’s funds, and tracking these transactions may help in identifying the scammers or tracing the movement of stolen cryptocurrency.

Domain Information:
The website coinone.vip was registered with Alibaba Cloud Computing Ltd., and it is active until August 4, 2025. The domain status is ok, meaning it is not restricted or locked, which could be a concern in tracking the domain or its owner. The domain’s registration details indicate a relatively new operation that could be linked to a larger network of scams.

Domain: coinone.vip
Registrar: Alibaba Cloud Computing Ltd. d/b/a HiChina (www.net.cn)
Registered On: 2023-08-04
Expires On: 2025-08-04
Updated On: 2024-06-02
Status: ok
Name Servers:170.ns1.abovedomains.com
170.ns2.abovedomains.com
Scam Overview:
The victim was manipulated into depositing over $1,105,500 into a fraudulent cryptocurrency platform, coinone.vip, and was unable to withdraw the funds after being told the account was “abnormal.” The scammers demanded additional funds for account verification, a typical tactic used to extort more money from victims. The victim has not been able to retrieve any funds, suggesting the platform was set up as a scam from the start.

Recommendations:
Report the Scam:
The victim should report the incident to authorities such as the Federal Trade Commission (FTC), Internet Crime Complaint Center (IC3), and local law enforcement. This could help identify the perpetrators and warn other potential victims.
Track Blockchain Transactions:
Since the victim’s funds were transferred to specific cryptocurrency addresses, they should attempt to track these transactions on a blockchain explorer. This could reveal further details about the scammers’ operations or the movement of stolen funds.
Contact Financial Institutions:
The victim should contact crypto.com, Coinbase, and any other platforms involved in the initial deposit to report the fraud and inquire if they can assist with tracing the funds or freezing the accounts involved.
Seek Legal Counsel:
Given the large financial loss, the victim should consult with legal professionals experienced in fraud cases, especially those involving cryptocurrency. Legal action may be an option, particularly if the scammers are identifiable.
Raise Awareness:
The victim should share their experience on scam reporting websites, cryptocurrency forums, and social media platforms to alert others to the dangers of coinone.vip and similar scams.
Disengage from the Scammer:
It’s crucial for the victim to stop all communication with the scammers to prevent further manipulation. Continuing communication could result in further financial loss.
Monitor Accounts for Suspicious Activity:
The victim should closely monitor their bank accounts, credit cards, and cryptocurrency wallets for any suspicious activity. If any unauthorized transactions are detected, they should be reported immediately.
Conclusion:
The victim lost $1,105,500 to the fraudulent cryptocurrency platform coinone.vip, which used common scam tactics such as preventing withdrawals, claiming “account abnormalities,” and demanding additional funds for verification. Immediate actions such as reporting the scam to authorities, tracking blockchain transactions, and consulting with legal professionals should be taken to potentially recover the funds and prevent further losses.