Hey Community,

Today, let’s dive into the murky waters of BitcashEx and its related scams. Recently, a report surfaced from a Washington resident, claiming a loss of $7,400 through bitcashex.top or bitcashex.com, currently defunct domains.

BitcashEx – The Initial Discovery

The victim used the Bitcash app for trading. After some investigation, neither bitcashex.top nor bitcashex.com are active, but we stumbled upon another inactive site, bitcashex.space.

Deeper Insights into BitcashEx’s Operations

1. Bitcashex.com:
– Registered in 2017 by a Chinese entity.
– Associated with social media accounts, including a Facebook page and a suspended Twitter handle.
– Linked to an individual, Iyke Nwanosike, who also owns an Instagram account connected to bitcashex.com.

2. Bitcashex.top:
– Created in December 2021 by Dan Li from Henan, China.
– Meta descriptions and titles suggest a connection to “Bitcash.”
– A review on scamdoc.com warns against using this platform due to withdrawal issues.

3. Bitcashex.space:
– Registered in January 2022.
– Offers services like buying, selling, and trading cryptocurrencies.
– Terms of Service seem to be copied from Kraken.com.
– Suspect HTTPS and TLS protocols text found on the login page.

Expanding Web of Scams

We discovered a network of websites with identical designs and suspicious content, indicating they were crafted by the same creators of BitcashEx. These include:

– bitdrew.com
– exycrypt.com
– fixmarket.org
– diaxchange.com
– cryptozzer.com

Additionally, there are more domains with similar designs, hinting at a larger network of fraud:

– bincrypto.space
– bitjabble.com
– wincoin.space
– bitair.net
– bitwhitecript.com
– cakecrypto.net
– cryptwex.com
– caltenbit.com
– crypto-wx.com

Some defunct domains linked to this network are:

– cedutelex.com
– galaxyexchanger.com
– clovexbit.com
– onxcrypto.com
– clarexbit.com
– claxinbit.com
– bit-boom.com
– cladenbit.com
– colbitrex.com
– cadotrax.com

Bottom Line – BitcashEx and Related Scams

BitcashEx is unquestionably a scam, and this investigation has unearthed a vast network of similar fraudulent websites. The extent of this network is alarming, with numerous cloned sites all part of this deceptive operation.

Our advice: steer clear of BitcashEx and its associated domains to protect yourself from potential fraud.

If you’ve had any encounters with these sites, do share your experiences to help others stay safe.

Stay alert and informed.

Best,
Sathish M