Scam URL: coinexsa.com
Amount Lost: $13,228 USD
Cryptocurrency Address Used:

• 0x7a3043223922ac06df2363568c576569d304584b

Domain Information:
Domain Name: coinexsa.com
Registrar: Dominet (HK) Limited
Registered On: 2022-11-24
Expires On: 2024-11-24
Updated On: 2024-11-25
Status: clientHold, clientTransferProhibited, clientUpdateProhibited
Name Servers:expirens3.hichina.com
expirens4.hichina.com

Scam Overview:
The victim lost $13,228 USD in a cryptocurrency scam involving coinexsa.com. The victim invested a significant amount, specifically $12,000, into what appeared to be a legitimate cryptocurrency platform. However, after depositing the funds, the victim faced multiple barriers and additional charges when attempting to withdraw their funds, a common tactic used by scammers to trap victims. The platform placed significant restrictions on the account, preventing any form of withdrawal or access to the funds.

Key Red Flags:
Domain Registration & Status:

coinexsa.com was registered in November 2022, and its domain is set to expire in November 2024. The relatively short lifespan of the domain is indicative of the typical behavior of scam websites that use temporary domains to avoid detection.
The clientHold status on the domain suggests that there are restrictions on the domain, which might indicate the domain is under investigation or has been flagged for suspicious activity.
clientTransferProhibited, clientUpdateProhibited statuses further imply that the website’s owner may be attempting to prevent domain transfers or updates, making it difficult for authorities to take action.
Use of Generic Hosting:

The domain’s name servers are linked to hichina.com, a hosting provider that is commonly used for various types of domains, including scam operations. While not inherently indicative of a scam, this association is often found in fraudulent activities where the website is set up quickly and moved or deleted once flagged.
Unjustified Barriers to Withdrawal:

The victim’s attempt to withdraw funds was blocked by the platform, which imposed multiple fees and additional charges as preconditions for releasing the funds. This tactic is commonly used by scammers to create the illusion of a legitimate business while ultimately trapping the victim’s funds.

Victim’s Experience:
The victim deposited $12,000 USD into the platform coinexsa.com, believing it was a legitimate investment opportunity. Initially, the victim was able to invest the funds, but when attempting to withdraw the money, they encountered numerous hurdles, including additional fees and charges. The platform’s inability to allow a simple withdrawal is a strong indicator that it is a scam. Despite continued requests, the victim was unable to retrieve any of their invested funds.

Cryptocurrency Wallet Involved:
The following wallet address was used in the scam:

0x7a3043223922ac06df2363568c576569d304584b
This wallet should be reported to exchanges and tracked using blockchain explorers to assess if other transactions are linked to the scam or if the funds were moved through other addresses.

Scam Domain Analysis:
Domain Registration:
The domain coinexsa.com is relatively new, which is typical of scam sites that aim to exploit users before being taken down. The registration details and expiration date show that the site has a limited operational window, suggesting it may soon be abandoned if it gets flagged.
Client Restrictions:
The clientHold status on the domain suggests that the domain has been flagged by the registrar or other authorities due to suspicious activity, further reinforcing the fraudulent nature of the platform.
Name Servers:
The hichina.com name servers are not uncommon, but they do add to the suspicion. Scam websites often use less secure and more flexible hosting options to quickly shut down or change their domain if flagged.

Recommendations:
Report the Scam:

The victim should immediately report the scam to appropriate authorities such as:FBI Internet Crime Complaint Center (IC3)
Federal Trade Commission (FTC)
Blockchain investigators (for tracking cryptocurrency transactions)
Notify Cryptocurrency Platforms:

Notify cryptocurrency exchanges and platforms to flag the associated wallet address. Exchanges can often identify and block transactions linked to fraud.
Blockchain Analysis:

Utilize blockchain explorers like Etherscan or Blockchair to trace any funds that were sent to the address involved in the scam. These tools may help locate other victims or trace the funds to another exchange or wallet.
Legal Action:

The victim may want to consult with legal professionals to explore options for pursuing restitution. Cryptocurrency scams are becoming more sophisticated, and some jurisdictions may offer avenues for legal recovery.
Increase Security:

The victim should review their online security and take precautions, especially when dealing with cryptocurrency investments. It is important to use secure wallets, enable two-factor authentication, and carefully research platforms before committing funds.

Conclusion:
The victim lost $13,228 USD in a scam involving coinexsa.com, a fraudulent cryptocurrency platform that blocked withdrawals and imposed unjustified fees after the victim deposited their funds. The domain registration details, use of generic name servers, and client restrictions strongly suggest that this website is part of a scam operation designed to steal funds from unsuspecting investors.

To prevent further financial loss, the victim should report the incident, track the cryptocurrency wallet involved, and take steps to protect personal and financial information. By cooperating with legal and blockchain experts, there may still be a chance to recover some or all of the lost funds.