• Bitcoin Wallet Address: 1NgQtCHhQDzkBD5wAcMgypDQA5wn5eGHvj
• Loss: 0.00388449 BTC
• Scam Type: Social Media Fraud, Fake Cash App Clone Site

The Bitcoin wallet 1NgQtCHhQDzkBD5wAcMgypDQA5wn5eGHvj has been flagged for scam activities linked to a Cash App clone site. Victims reported losses after scammers connected via social media, promoting a fake Cash App website designed to appear identical to CashApp.com. Using this counterfeit site, scammers persuaded users to “invest” Bitcoin under the pretense of generating high returns, while in reality, all displayed profits were falsified.

The scam typically unfolds as follows: the fraudsters initiate contact through social media and direct users to the cloned Cash App website, where users are led to believe they’re investing real funds. After showing fake profits to instill confidence, the scammers request more deposits, preventing any withdrawals. In this reported case, a user lost 0.00388449 BTC to this fraudulent operation, which was impossible to recover once transferred.

How to Avoid Cash App Clone Scams and Bitcoin Fraud

• Verify Website URLs: Always check the authenticity of URLs, especially when dealing with financial services like Cash App.
• Avoid Unsolicited Investment Offers: Be cautious when approached on social media regarding quick-profit schemes.
• Use Official Apps and websites: access financial platforms through official, verified sources only.

Final Warning

This report highlights the increasing sophistication of crypto scams involving cloned sites. Stay alert, conduct due diligence, and report any suspicious activity involving Bitcoin wallets or platforms that seem untrustworthy.