URL of Scam: Baseaim.com

Type of Scam: Investment
Calculated Amount Loss: $191,952.00

Victim Description:
The victim invested $200,000 in the platform Baseaim.com via their Crypto.com Defi Wallet, and earned a small return of $250 in dividends and smart contract rewards. However, when attempting to withdraw the funds, the platform claimed that the victim must pay an upfront tax fee of $93,000 before any withdrawal could be processed. This is a common tactic used by fraudulent investment schemes, where victims are pressured into paying additional fees to access their funds. The platform is now refusing to release the victim’s funds unless the requested tax payment is made, further indicating the fraudulent nature of the scheme.

Wallet Address:

bc1ql43hf0jvvnsksctfhwmx7vr4ewkevaz7h8c80e
0x043194c782615434221cf3a576fb1f4b83ab6e65

Open-Source Intelligence Analysis: Preliminary Findings on Fraudulent Activities Associated with Baseaim.com

Current Website:
The website associated with Baseaim.com is promoting itself as an investment platform, potentially related to cryptocurrency or blockchain-based investments. The victim initially made a significant investment of $200,000 and saw a small return. However, when attempting to withdraw the funds, the platform falsely claimed that an additional tax payment was required. This is a classic scam tactic, often referred to as the “advance fee scam,” where the victim is tricked into paying extra funds before they can access their initial investment.

Domain and Hosting Information:

Registrar: Gname.com Pte. Ltd.
Registered On: June 3, 2020
Expires On: June 3, 2025
Updated On: August 31, 2023
Status: clientTransferProhibited (indicating restrictions on domain transfer)
Nameservers: anastasia.ns.cloudflare.com, damian.ns.cloudflare.com

Technical Analysis:

Hosting: The domain is registered with Gname.com Pte. Ltd., a registrar often used by various types of websites, both legitimate and fraudulent. The nameservers provided (anastasia.ns.cloudflare.com, damian.ns.cloudflare.com) indicate that Cloudflare is being used for content delivery and protection, which is typical for websites looking to hide their true origin or location.
Status: The domain’s registration status of clientTransferProhibited suggests that it may be intentionally obscuring ownership or control, a tactic commonly used by scammers to avoid being traced.

Key Observations:

The platform’s request for a substantial “tax” payment to release funds is a clear red flag. This tactic is often employed by fraudulent schemes to extract more money from victims. Once the victim pays the additional fee, they may find that the platform blocks further access to their funds or disappears entirely.
The website’s use of Cloudflare for protection and CDN services adds an additional layer of anonymity, making it harder to trace the actual physical location or ownership of the site.

Recommendations:
Gname.com Pte. Ltd.: A subpoena should be issued to gather domain ownership information and trace any registration data linked to the platform.
Blockchain Forensics: Investigate the wallet addresses associated with this scam (listed above) through blockchain analysis to track any movement of funds or other associated transactions.
Cloudflare: A subpoena or investigation of Cloudflare’s services should be conducted to gather more information on the true ownership and location of the platform, as well as its infrastructure.

Conclusion:
Baseaim.com is a fraudulent investment platform, using a combination of realistic investment tactics and fake fees to lure victims into depositing large sums of money. The platform initially offered small returns to create the illusion of legitimacy but is now refusing withdrawals unless an additional upfront “tax” is paid. This is a common tactic in scams, designed to extract even more funds from victims.

The website’s use of Cloudflare and a registrar like Gname.com to obscure ownership details suggests the platform is designed to avoid detection and investigation. Immediate action is required to subpoena the registrar and Cloudflare, while blockchain forensics can help trace the flow of funds and identify other potential victims.