BFXCoin.com has been identified as a fraudulent cryptocurrency mining and investment platform, falsely promising high returns to lure victims into depositing funds. After investing, users are unable to withdraw their money, indicating a classic advance fee fraud. A user has reported losing approximately $1,300 through this scam.

OSINT Review

• Domain Information
• Domain: bfxcoin.com
• Registered On: October 24, 2017
• Expires On: October 24, 2025
• Last Updated: November 11, 2024
• Registrar: GoDaddy.com, LLC
• IANA ID: 146
• Phone: 480-624-2505

Registrant Contact

• Name: Registration Private
• Organization: Domains By Proxy, LLC
• Street: DomainsByProxy.com 100 S. Mill Ave, Suite 1600
• City: Tempe
• State: Arizona
• Postal Code: 85281
• Country: United States
• Phone: +1.4806242599

Victim’s Report and Transaction Details

A user reported losing $1,300 after investing in BFXCoin.com, believing they were participating in a profitable crypto mining and investment scheme. However, after depositing funds, they were unable to withdraw their earnings, proving the platform’s fraudulent nature.

Transaction Details

• Ethereum Address Used in the Scam: 0xce64ecbe0caee5da419481378c8ef2d71da5749d

Key Indicators of Fraud

• Guaranteed Profits from Crypto Mining & Investment: The platform claims users will earn automated profits, which is unrealistic.
• Blocked Withdrawals & Additional Payment Requests: Victims can deposit money but later must pay more fees before “unlocking” withdrawals.
• Old Domain, Recently Updated: Although the domain was registered in 2017, recent updates suggest it was repurposed for fraudulent activities.
• Anonymous Ownership & Hosting: The registrant details provide no real verification of the individuals behind the website.
• No Regulatory Compliance: BFXCoin.com is not licensed or regulated, confirming it as an unverified and illegitimate investment platform.

OSINT Findings

Investigations confirm that BFXCoin.com is a fraudulent crypto mining and investment scam, using false promises of high returns to steal funds from investors. Once users deposit funds, withdrawals are blocked, and victims are often asked to pay additional fees before they can access their money, which never happens—a clear Ponzi-style or advance fee scam.

Conclusion

BFXCoin.com has been confirmed as a fraudulent cryptocurrency mining and investment scam, falsely promising unrealistic profits but blocking withdrawals and demanding additional payments. Victims deposit funds believing they are earning returns, only to find that they cannot access their money, proving this to be an organized investment fraud. Crypto investors should remain cautious, avoid platforms offering guaranteed profits, and report scams to authorities. If you have fallen victim, report this scam immediately to prevent further fraud.