Scam Name: BMGWold Cryptocurrency Scam

Calculated Amount Lost: $20,228 USD
Scam URL: m.bmgwold.com

Victim Description:
The victim lost $20,228 USD after investing funds over several weeks with a platform called BMGWold. Initially, the victim seemed to be making profits or accumulating funds. However, when they attempted to withdraw their funds, the platform froze their account and wiped out their balance.

Scam Tactics:
Account Freeze and Fund Seizure:
This is a common tactic used by scammers. Initially, the victim is allowed to deposit funds and sometimes even sees their balance grow. However, once the victim tries to withdraw their funds, the scammers freeze the account or make it impossible to withdraw the funds. Eventually, the balance may be wiped out or transferred to a different wallet, making recovery impossible.

Fake Trading Platform:
The victim likely believed that they were participating in legitimate cryptocurrency investments or trades. BMGWold may have presented itself as a trading platform, but it was actually a fraudulent operation designed to steal funds from unsuspecting investors.

No Withdrawal:
Once the victim tried to withdraw their funds, the platform blocked the action, a typical red flag of a scam. After the account was frozen, the funds were either moved by the scammers or wiped entirely from the victim’s account.

Scammer’s Address:
Receiving Wallet Addresses:

• 0xbe95d8fa8b44494f1289bf14116e917ee9e8536a
• 0x3055258b9793112a6ea9ac0f94b51559c55898b4
• 0x73ecb8b14a75bb1934c6b73dad090ae6eef1214e

Conclusion:
The victim lost $20,228 USD to a scam involving BMGWold, a fraudulent platform that appeared to offer cryptocurrency investments. After initially making deposits and possibly seeing some returns, the victim’s account was frozen and their funds were wiped out. The victim should report the scam to the appropriate authorities, attempt to track the funds via blockchain explorers, and consult with legal experts to explore potential recovery options.