Home » Topics » Fraudulent Cryptocurrency Addresses » Balktop.com Exposed: Romance Scam Leads to Significant Financial Loss

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  • November 12, 2024 at 10:13 am #3983 Reply
    satish
    Keymaster

      Balktop.com has been identified as part of a romance scam, where the victim lost significant funds after engaging with a scammer pretending to be a romantic partner. The scammer lured the victim by pretending to be interested in marriage, and then introduced Balktop.com as a fake trading platform, convincing the victim to invest large sums of cryptocurrency.

      User Report: Details of Loss

      The user’s crypto transactions involved significant amounts of ETH, with the following recorded transfers:

      How the Romance Scam Operated

      The scam began with the creation of a fake lady profile, designed to develop a relationship with the victim over time. After gaining the victim’s trust, the scammer introduced Balktop.com as a supposed investment opportunity. The victim was convinced to transfer large amounts of cryptocurrency, believing the platform was legitimate. However, after the funds were transferred, the scammer disappeared, and the platform was revealed to be a complete fraud.

      Balktop.com Conclusion

      Balktop.com is a romance scam that exploited the victim’s emotions to steal large sums of money. The scammer used a fake romantic connection to lure the victim into investing in a non-existent platform. Always be cautious when online relationships lead to requests for money or investments. Conduct thorough research before transferring funds, especially when dealing with unknown platforms.

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      • January 5, 2025 at 11:10 am #6455 Reply
        Admin
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          If you have come across Balktop.com, we urge you to proceed with caution. A recent complaint highlights a troubling scheme involving this website. The scammers, including individuals using names like Annie Lee and Mr. Zang, lured the victim into investing through platforms such as Jubi and Bakkt. They also communicated using Telegram and SMS. One email address tied to the scam is jubiusvip@gmail.com, and phone numbers include 323-418-7527 and 833-603-3549. Despite initial profits, the victim could not withdraw funds. Instead, the scammers demanded repeated fees, adding to the loss. The total amount lost was reported as $1,000,000, with a calculated loss of $528,192.

          This scheme played on trust and involved promises of high returns. The victim realized it was a scam when withdrawal delays turned into endless demands for more money. Evidence of ETH withdrawals and bank transfers was shared with us. However, the victim struggled to retrieve their DeFi wallet transaction history. The case was reported to IC3 and SEC, and the local police referred it to the FBI. CNC Intelligence investigated the blockchain transactions, reviewed evidence, and provided guidance on legal follow-ups.

          Scams like these often rely on creating urgency and false hope. The repeated demands for fees, lack of access to funds, and refusal to provide transaction records are clear red flags. If you’ve encountered similar situations or know someone who has, report it immediately. We believe the evidence strongly indicates a scam. Stay vigilant, and if you’ve fallen victim, seek professional help to trace and recover your funds.

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