Stay alert if you’ve encountered a trading platform claiming high profits but demanding massive fees to withdraw your money. This case involves a scam where the platform showed a fake trading account balance of $197,000. The victim was then asked to pay 14% of the “profits” (a staggering $28,000) to access their funds. When the victim suggested deducting the fees from the account balance, the scammers refused. The fraudulent website address and associated cryptocurrency receiving details will help investigators trace the origins of this scam. The exchange used in the case included HTX for cashouts.

This scam follows a familiar pattern: promising significant returns to gain trust, then trapping you with extra fees to release your funds. CNC Intelligence worked to trace the funds and prepared detailed reports to assist law enforcement.

Avoid platforms that demand upfront payments for withdrawals. Scams like this often target trust by showing fake profits. If you suspect a trading account may not be legitimate, act fast and stop making further deposits.

There’s no question about it—this is a scam. The refusal to deduct fees from existing funds is a classic red flag. Scammers use these tactics to pressure you into paying more. Always stay cautious with online trading platforms and consult professionals if you suspect fraud.