We are issuing a warning regarding the fraudulent activities associated with the cryptocurrency trading platforms Biconomy.me, Bitgoldmz.com, and Ethc.ai. Numerous users have reported significant difficulties in withdrawing their funds, resulting in substantial financial losses.

One such case involves an individual trading with these three platforms. They encountered severe obstacles when attempting to withdraw their money. Bitgold demanded a $10,000 refundable fee to unfreeze the funds, while Biconomy required the payment of commission and taxes before freezing the user’s money entirely, preventing any withdrawals. Similarly, Ethc has also frozen the user’s funds.

The victim’s evidence includes detailed transaction records and communications with the platforms. The transactions involved substantial amounts of cryptocurrency, including USDT and ETH. For instance, one transaction on May 1, 2024, involved the withdrawal of 1.05 ETH from Biconomy.me to the address 0x4e4Cfeb384017c8E5608d4cB996c5B5A052464fe.

In another case, 1.65 ETH was withdrawn from Bitgoldmz.com on May 3, 2024, to the address 0x6cE127791CeD800aB8818C99dEdc2848762AEBf1.

The total amounts lost by this victim are staggering, and the case highlights the deceptive practices these platforms employ to trap users’ funds.

We urge anyone with similar experiences with Biconomy.me, Bitgoldmz.com, or Ethc.ai to come forward and share their stories.

Receiving Address Analysis

Biconomy.me: 0x4e4Cfeb384017c8E5608d4cB996c5B5A052464fe

Upon analyzing the receiving addresses provided in the complaint we received regarding biconomy.me, a detailed examination of the address 0x4e4Cfeb384017c8E5608d4cB996c5B5A052464fe reveals significant insights that align with the allegations presented. This address is associated with numerous transactions on the Biconomy.me platform, one of the sites reported to have frozen users’ funds and demanded additional payments under false pretenses.

The specific transactions involving this address indicate a consistent pattern of cryptocurrency movements, primarily in ETH (Ethereum). Notably, the transactions span several months, showcasing a persistent and methodical approach to obtaining funds from unsuspecting users. Each transaction aligns with the reported difficulties in withdrawing funds, further corroborating the victim’s claim that the platform systematically froze their money.

The transactional data illustrates how users were encouraged to deposit substantial amounts of ETH into this address under the guise of legitimate trading or investment opportunities. However, upon attempting to withdraw their funds, users faced insurmountable barriers such as additional fees and taxes, ultimately to their money being frozen. This tactic is a classic hallmark of a scam, where initial compliance with withdrawal requests is used to build trust, only to be later exploited through arbitrary demands for more payments.

Additionally, the recurring use of this address in multiple fraudulent transactions highlights a well-orchestrated scheme designed to exploit users continuously. The evidence provided by the complainant, including the specific transaction hashes, aligns seamlessly with the patterns observed in the blockchain data associated with this address. This congruence between the complaint and the transactional analysis substantiates the claim that Biconomy.me is operating a scam, utilizing this particular address as a pivotal component in their fraudulent activities.

Bitgoldmz.com

0x65BDaa970098df870Bf755E8b84F927a4D694C36

A thorough analysis of the receiving address 0x65BDaa970098df870Bf755E8b84F927a4D694C36 reveals critical information that supports the complaint regarding Bitgoldmz.com. This Ethereum address has been actively involved in numerous transactions on the Ethereum blockchain, indicating significant activity that aligns with the reported fraudulent activities.

The address has conducted 75 transactions, receiving approximately 61.3795 ETH, valued at $209,885, and sending nearly the same amount, 61.3732 ETH, valued at $209,863. The address’s current balance is minimal, at 0.000918867248781979 ETH, which equals $3.14. This transactional history highlights the address’s role as a conduit for substantial cryptocurrency transfers, consistent with the high-volume trading reported in the complaint.

Several significant transactions are associated with this address, showcasing large sums of ETH being received and sent. For instance, on May 10, 2024, the address received 22.7 ETH, valued at approximately $77,621.97, and almost immediately transferred 22.69 ETH, valued at $77,587.77, to another address.

The address’s portfolio also includes interactions with tokens such as USDC and USDT, reflecting a diversified approach to handling various cryptocurrencies. This diversification indicates an attempt to maximize the scope of the scam, targeting users with different types of cryptocurrency holdings.

0x6cE127791CeD800aB8818C99dEdc2848762AEBf1

The receiving address 0x6cE127791CeD800aB8818C99dEdc2848762AEBf1 plays a crucial role in the alleged scam involving Bitgoldmz.com.

This Ethereum address has been involved in 44 transactions, with a cumulative reception of approximately 16.0315 ETH, valued at $54,819.09, and a nearly equal amount sent, totaling 16.013 ETH, valued at $54,755.97. The address’s current balance is modest, at 0.012209098961205836 ETH, or about $41.75, indicating that it has been almost entirely depleted of its funds.

This address’s transactional behavior is characterized by substantial movements of Ethereum, often involving significant amounts of cryptocurrency received and quickly transferred to other addresses. For instance, on June 22, 2024, the address received 0.17042488 ETH, valued at $582.76, and later transferred 0.4 ETH, valued at $1,367.79, showcasing a rapid turnover of funds. This pattern is consistent with schemes designed to minimize traceability by quickly moving funds through different addresses.

The address’s frequent interactions with various other addresses and tokens, including USDC and USDT, further highlight its involvement in a broader network of transactions. This diversification in transactions and the consistent pattern of receiving and sending large amounts of cryptocurrency corroborate the claims made by the complainant regarding the difficulties in withdrawing funds and the additional demands made by the platform.

0x883a7653200Bae63Ed00c58e4c4B9689498b8b91

The receiving address 0x883a7653200Bae63Ed00c58e4c4B9689498b8b91 is a key element in the fraudulent activities associated with Bitgoldmz.com. An in-depth examination of this address reveals significant transactional activity that aligns with victims’ complaints.

This address has conducted 23 transactions, receiving 67.0362 ETH, valued at $229,211, and sending a nearly identical amount, 67.0328 ETH, valued at $229,199. The current balance of the address stands at 0.00 ETH, indicating that all received funds have been transferred out, a common tactic in scam operations to obfuscate the final destination of the stolen funds.

The transaction history of this address showcases several large transfers of Ethereum. For instance, on May 10, 2024, the address received 8.91 ETH, valued at $30,465.25, and shortly thereafter transferred 8.9099 ETH, valued at $30,464.77, to another address. This pattern of rapidly moving funds through different addresses is typical of schemes designed to avoid detection and make fund recovery challenging.

0xaE3836c27Ed637aa072c1B363Dd520673d24a354

As highlighted in the complaint, the receiving address 0xaE3836c27Ed637aa072c1B363Dd520673d24a354 plays a pivotal role in the fraudulent activities associated with Bitgoldmz.com. An in-depth examination of this Ethereum address reveals extensive transactional activity that corroborates the allegations of scams.

This address has been involved in 51 transactions, receiving 82.5063 ETH, valued at approximately $282,107, and sending almost the same amount, 82.4974 ETH, valued at $282,076. The current balance of this address is zero, indicating that all received funds have been swiftly transferred out, a typical behavior in fraudulent schemes aimed at evading detection and complicating fund recovery efforts.

Frequent, high-value transfers mark this address’s transaction history. For instance, on April 24, 2024, the address received 15.3 ETH, valued at $52,314.07, and subsequently transferred 21 ETH, valued at $71,803.62, to another address. Such large transactions and rapid fund movement patterns indicate sophisticated scams to obscure stolen funds’ trail.

The address’s activity also includes significant interactions with other Ethereum addresses and tokens, including USDT, highlighting a diverse approach to managing and laundering the stolen cryptocurrency. This diversity in transaction types and the movement of large sums further support the notion of a well-organized operation aimed at extracting and redistributing funds to avoid recovery.

Biconomy.me Domain Analysis

Biconomy.me, registered with NameSilo, LLC, provides a snapshot of typical attributes associated with potentially fraudulent websites. The domain was registered on May 21, 2023, and is set to expire on May 21, 2025, with the latest update recorded on May 26, 2024.

The registrant information reveals that the domain is protected by PrivacyGuardian.org, a service that anonymizes the registrant’s details. The listed contact information points to an address in Phoenix, AZ, named Domain Administrator. The use of a privacy service can often be a red flag, as it obscures the true identity of the domain owner, which is a common tactic employed by fraudulent entities to evade detection.

Biconomy.me is hosted by The Constant Company, LLC, or Vultr Holdings, LLC. The hosting IP address is 149.28.108.220, located in Miami, United States. The associated autonomous system number (AS20473) confirms the hosting company’s details. The reverse DNS lookup for the IP address is 149.28.108.220.vultrusercontent.com. Hosting with a company that provides virtual private servers (VPS) can offer anonymity and flexibility, often utilized by entities aiming to conceal their operations.

According to the data provided by SEMrush, the domain has an authority score of 2 and a Semrush domain rank of 0, indicating very low trust and visibility in search engines. Organic search traffic is negligible, and no recorded keywords drive traffic to the site. This lack of organic presence suggests the site might be new or not indexed properly by search engines, which can indicate a transient or newly established scam site.

Bitgoldmz.com Domain Analysis

Bitgoldmz.com is registered with NameSilo, LLC, a registrar known for providing affordable domain registration services. The domain was registered on January 25, 2024, and is set to expire on January 24, 2025, with the last update recorded on the registration day.

The registrant’s information is protected by PrivacyGuardian.org, a service that anonymizes the registrant’s details. The contact details point to an address in Phoenix, AZ, under Domain Administrator.

Bitgoldmz.com is hosted by Cloudflare, Inc., a popular choice for hosting due to its robust security features and content delivery network (CDN) services. The hosting IP address is 2606:4700:3032::6815:e6d, located in Toronto, Canada, under the autonomous system AS13335. Cloudflare provides the site with anonymity and protection against distributed denial-of-service (DDoS) attacks, which is beneficial for maintaining uptime and obscuring the true server locations.

According to SEMrush data, bitgoldmz.com has an authority score of 2 and a Semrush domain rank of 0, indicating low trust and visibility in search engines. There is no significant organic or paid search traffic, and the domain is not ranking for any keywords. This lack of organic presence suggests that the site may be newly established or intentionally avoiding indexing by search engines to maintain a low profile, characteristic of transient or newly set up scam sites.

The backlink profile shows only 8 backlinks from 7 referring domains, with a mix of follow and nofollow links. The primary sources of these backlinks are from low-authority or dubious sites such as scam-detection websites and low-quality SEO service providers.

Ethc.ai Domain Analysis

The domain ethc.ai is registered through the registrar Gname and is currently active. The registrant information points to an individual named Chenping An, located in Jiulongjie, Hong Kong, with the contact email registered at Proton Mail, a service known for its secure and private email communications. The administrative and technical contacts share the same details, reinforcing the use of a single point of contact for all domain-related matters. The registration details being masked by privacy services and the contact information’s association with a secure email provider like Proton Mail are notable, as these tactics are often used by individuals looking to obscure their identities, which is common among entities involved in fraudulent activities.

Ethc.ai is hosted by Amazon Technologies Inc., specifically within the AWS EC2 infrastructure in the Tokyo region (ap-northeast-1). The associated IP address is 54.168.237.39, and the autonomous system number is AS16509, corresponding to Amazon.com, Inc. Using Amazon Web Services (AWS) provides the site with significant scalability, reliability, and security benefits. However, it also offers a layer of anonymity and global reach, which fraudulent operators can exploit to manage their activities discreetly and effectively.

SEMrush data shows ethc.ai has a very low authority score and Semrush domain rank, indicating minimal trust and visibility within search engines. The domain does not currently attract significant organic or paid search traffic, suggesting that it may be newly established or not actively optimized for search visibility. The domain has only a handful of backlinks, with a mere three backlinks from two referring domains related to scam detection sites such as scam-detector.com and scamminder.com. This backlink profile indicates attempts to build a minimal search engine presence, possibly to avoid scrutiny while engaging in fraudulent activities.

Biconomy.me Review

Biconomy.me presents itself as a trading platform offering a cooperative allocation loan transaction. The platform claims that trading members participating in the trading plan can access trading cooperation, sign a trading agreement, resist trading risks, and obtain higher returns, with up to 100,000 USDT available as a loan.

The homepage and other sections of the website showcase various cryptocurrency trading pairs, such as BTC/USDT, ETH/USDT, and XRP/USDT, with current prices and percentage changes. The site offers multiple services, including account registration, login, news updates, and user privacy policies. There are various contact details, including an email address (biconomy66@gmail.com), and the website claims to operate from Portland, OR.

Several serious red flags indicative of a scam can be identified:

1. Unverifiable Claims of High Returns: A significant red flag is a promise of high returns and large loan amounts (up to 100,000 USDT) without substantial verification or regulation.
2. Anonymous and Obscured Contact Information: The use of a generic email address (biconomy66@gmail.com) and the lack of verifiable physical addresses or legitimate company registration details contribute to the suspicion.
3. Inconsistent and Poor Quality Content: The website contains poorly translated content and generic statements, such as trading rules and user agreements, often copied and pasted across scam sites.
4. Regulatory Warning Signs: There is no evidence of regulation or affiliation with any financial authorities. Legitimate trading platforms are usually registered and regulated by financial institutions, which is a critical aspect missing from biconomy.me.
5. High Risk of Account Freezes and Additional Fees: The website mentions that trading accounts can be restricted or frozen for various reasons, and users may be required to pay additional fees or taxes, a common tactic used by scam platforms to extract more money from victims.

Bitgoldmz.com Review

The website Bitgoldmz.com markets itself as an investment platform focused on short-term operations. The platform promises high yields, claiming a return of up to 98%, with the shortest investment time being only 60 seconds. There is a mention of immediate withdrawal options, adding to the allure of quick and easy profits.

The website’s interface includes options for recharging accounts, withdrawals, transactions, locked mining, investment, and coin transfers. It also offers a convenient mobile application that enables transactions “anytime, anywhere.”

The site mentions that funds are managed by a third-party custodian, which is meant to assure users of the safety and reliability of their investments. However, no details are provided about who this third-party custodian is, which raises concerns about transparency and accountability.

The platform’s promise of immediate withdrawal and freedom to invest at any time is designed to make it appear user-friendly and accessible. However, this tactic could also be used to lure users into a false sense of security and ease.

Red flags include:

• Unrealistic Returns: A major red flag is the promise of extremely high returns in a very short period. Such guarantees are often indicative of Ponzi schemes or other fraudulent operations.
• Lack of Transparency: The site provides insufficient details about the third-party custodian or regulatory information. Legitimate financial services typically offer clear information about their regulatory status and oversight to build trust.
• Minimal Contact Information: The limited and vague contact details, such as the partially obscured phone number, suggest an attempt to avoid accountability. Legitimate businesses usually provide comprehensive contact information, including full phone numbers, email addresses, and physical addresses.

Ethc.ai Review

The website ETHC.ai presents itself as a comprehensive platform for digital asset trading and blockchain services. It offers various trading options, including perpetual swaps, ETF purchases, and other cryptocurrency transactions. The site claims to provide advanced technologies for secure and efficient transactions, including distributed storage, high-speed memory transaction engines, and both cold and hot wallet systems. The ETHC platform emphasizes transparency in its financial dealings, aiming to ensure the safety and reliability of its services for blockchain enthusiasts and investors.

ETHC.ai’s homepage features real-time trading data for cryptocurrencies like BTC/USDT, ETH/USDT, and ETC/USDT, showcasing current prices and percentage changes. The platform highlights its technological edge with features like GSLB, distributed storage, and intelligent risk control systems. Users are guided to register, fund their accounts, complete identity verification, and start trading. The site also promotes its mobile app for on-the-go trading, available for both Android and iOS.

Contact Details:

• Email: support@ethc.ai
• Headquarters: Colorado, U.S.A.

Red flags include:

1. Unsecure Support Link: The support page leads to a URL (https://chat.ssrchat.com/service/f189snx) that encounters an SSL protocol error, indicating that the connection is not secure. This could suggest potential issues with the site’s security or reliability.
2. Lack of Regulatory Information: There is no mention of any regulatory oversight or financial licensing details. Legitimate financial platforms usually provide clear information about their regulatory status and compliance with financial regulations.
3. Vague Company Details: While ETHC claims to be a global blockchain technology consortium, the details about the team, its experience, or specific partnerships are minimal. Lack of detailed information about the team and their credentials can be a red flag.

Biconomy.me Reviews

The website Biconomy.me has been flagged as a potential scam by various sources and users across different platforms:

1. Reddit Discussions:

• Users on Reddit, such as in the r/CryptoScams subreddit, have shared their experiences with Biconomy.me. One user, Realistic-Elk-7423, noted the too-good-to-be-true nature of the platform, where a “teacher” in a Skype group directs users to make profitable trades quickly. Despite initial successful withdrawals, the user remained skeptical about the platform’s legitimacy.
• Another Reddit user, Marcopolo620, commented, “Most scammers will allow you to withdraw a small amount in the beginning to build trust. I wouldn’t put any more money in.” This indicates a common scam tactic where initial small withdrawals are processed to build trust before larger amounts are denied.

2. JustAnswer:

• A user shared on JustAnswer that they were scammed by Biconomy.me after being initially able to trade and withdraw small amounts. The user reported being unable to withdraw a larger amount and receiving no response from the platform despite multiple emails. They mentioned, “I have all evidence of transfer commission to them and emails correspondence.”

3. ScamAdviser and ScamMinder Reviews:

• According to ScamAdviser and ScamMinder, Biconomy.me shows several red flags typical of scam websites. These reviews indicate a low trust score and note several negative indicators. ScamAdviser states, “The website might be a scam as we found several negative indicators for biconomy.me.”

4. Trustpilot Reviews:

• On Trustpilot, Ariel rated the site 1 out of 5 stars, describing it as a “Big Scammer site.” They elaborated, “They said when people use their site to trade Bitcoin, then the user can earn +100% or more within 120s. Don’t believe them. Bitcoin price could be changed in 0.1 – 5%. So you can’t earn +100%. This site is going to steal your information or your money.”

Bitgoldmz.com Reviews

Various platforms have reviewed the website Bitgoldmz.com, revealing significant concerns about its legitimacy and reliability. Several indicators suggest that Bitgoldmz.com may be a scam, as reported by different scam detection sites and user reviews.

1. ScamAdviser:

• According to ScamAdviser, Bitgoldmz.com has numerous red flags that are commonly associated with scam websites. These include unrealistic promises of high returns and a low trust score. The site’s review on ScamAdviser suggests caution and advises potential users to be wary.

2. Scam Detector:

• Scam Detector also flags Bitgoldmz.com, highlighting that the site might be fraudulent. Their analysis indicates that the site’s promises are unrealistic and typical of fraudulent schemes.

3. ScamMinder:

• ScamMinder identifies several red flags, particularly the unrealistic investment returns promised by Bitgoldmz.com. ScamMinder states, “The website Bitgoldmz.com raises several red flags commonly associated with fraudulent or scam websites.”

4. Scamdoc:

• On Scamdoc, Bitgoldmz.com has a very low trust score of 1%, indicating that the site is likely not trustworthy. The reviews on Scamdoc highlight user concerns about potential fraud and the reliability of the platform.

5. JustAnswer:

• A user on JustAnswer reported a financial loss after using Bitgoldmz.com. The user shared their experience, saying they were unable to withdraw their funds and received no response from customer service. They described the situation as a scam.

6. WebParanoid:

• WebParanoid labels Bitgoldmz.com as dangerous, providing a detailed analysis that raises multiple concerns. This site’s review also points towards the potential for fraud.

Ethc.ai Reviews

The website Ethc.ai has garnered mixed reviews and significant scrutiny from various scam detection platforms and user testimonials. Several sources indicate that Ethc.ai may not be a legitimate platform, pointing to various red flags and user experiences that suggest it could be a scam.

1. ScamAdviser:

• ScamAdviser provided Ethc.ai with a trust score of 61%, indicating that it is probably not a scam but still raising some concerns. They suggest that while the site might be legitimate, there are indicators that warrant caution.
• A detailed user review on ScamAdviser by Ziad Khazaal describes a classic scam involving Ethc.ai. The user recounts how the platform used a fake AI trading system to lure investors, initially allowing them to win to gain their trust. However, once significant investments were made, the platform blocked their accounts and demanded service fees in cash to release the funds. This user lost $40,000 USD and highlighted that the scammers operated as a professional group targeting multiple victims.

2. Scam Detector:

• Scam Detector gives Ethc.ai a very low trust score of 5.7, highlighting severe concerns about the legitimacy of the platform. This low score suggests that the business could be involved in fraudulent activities.

3. ScamMinder:

• ScamMinder ranks Ethc.ai with a score of 13/100, indicating a high likelihood of it being a scam. The site lists several issues, including unrealistic promises and a lack of transparency.

The Bottom Line Regarding Biconomy.me, Bitgoldmz.com, and Ethc.ai

Examining the three reviewed domains—Biconomy.me, Bitgoldmz.com, and Ethc.ai—it becomes clear that each platform shares commonalities that raise significant concerns about their legitimacy. The consistent themes across all three sites include unrealistic promises of high returns, low trust scores from reputable scam detection sites, and detailed user accounts of financial losses.

Biconomy.me presents itself as a sophisticated trading platform, but a deeper look reveals numerous user complaints about difficulties withdrawing funds and additional fees being demanded. Reports of its connections to fraudulent activities, including advanced fee scams, further diminish its credibility. The lack of transparency and verifiable information about the company’s operations and regulatory status are also major red flags.

Bitgoldmz.com similarly promises high yields with minimal investment time, which is a classic hallmark of a scam. User reviews and scam detection sites highlight its unrealistic investment returns and potential for financial loss. The platform’s approach to managing funds, where significant returns are guaranteed with minimal risk, deviates from any realistic financial practice, thereby underscoring its fraudulent nature.

Ethc.ai stands out with its intricate use of a purported AI trading system to lure investors. Despite initial gains reported by users, the subsequent blocking of accounts and demands for additional service fees are telltale signs of a well-orchestrated scam. The low trust scores and detailed user testimonials about substantial financial losses further substantiate the fraudulent operations of this platform.

The connection between these three domains is unmistakable. They all leverage sophisticated, yet ultimately deceptive, trading schemes to attract and defraud investors.

In conclusion, the evidence strongly suggests that Biconomy.me, Bitgoldmz.com, and Ethc.ai are likely scams.