Recently, many individuals have fallen victim to fraudulent schemes propagated by websites posing as legitimate trading platforms. Among these, chasemarkethub.com has emerged as a prominent perpetrator, preying on unsuspecting investors with the promise of expert trading services.

This review aims to illuminate this website’s deceptive practices. It was prompted by a harrowing complaint from a victim who lost a staggering $25,000.

The complainant was lured into the scam with assurances of high investment returns facilitated by a supposed expert named Niyah Johnson. The scheme unraveled as the victim attempted to withdraw the promised profits, only to be met with incessant demands for additional funds under various pretexts. The transactions involved substantial sums, as evidenced by the provided documentation, including two separate Bitcoin purchases amounting to approximately $1,340.

The receiving address involved in these transactions is 1GEbfroxabCP33qSpWwyWXyz4XrLw8xANE, used to siphon the victim’s funds. Despite the victim’s efforts to recover the money, the perpetrators behind chasemarkethub.com continued to obfuscate and delay the process, raising suspicions about the platform’s legitimacy.

Receiving Address: 1GEbfroxabCP33qSpWwyWXyz4XrLw8xANE

Analyzing the blockchain data associated with the receiving address 1GEbfroxabCP33qSpWwyWXyz4XrLw8xANE reveals several critical details that align with the victim’s account and highlight the fraudulent nature of the transactions.

This Bitcoin address has a recorded history of 28 transactions on the blockchain, with a total received and sent amounting to 0.11109598 BTC, which is approximately $7,427.64 at current exchange rates. Notably, the address currently holds a balance of 0.00000000 BTC, indicating that all received funds have been transferred out, a common tactic used by scammers to move stolen assets quickly.

Reviewing the specific transactions, we see substantial sums were moved through this address. For instance, a transaction on 7/07/2024 from another address (bc1q-88vc) to 1GEbfroxabCP33qSpWwyWXyz4XrLw8xANE involved 0.01581511 BTC (worth $1,057.36). Similarly, other transactions show movements of comparable amounts, further illustrating the high volume and rapid turnover typical of fraudulent schemes.

The documented purchases of Bitcoin on 7/03/2024 and 7/06/2024, amounting to $600 and $740, respectively, align with the transaction history of this receiving address. These purchases contributed to the 0.11109598 BTC passed through this address, underscoring its role in the scam.

Chasemarkethub.com Domain Analysis

The domain chasemarkethub.com, which is central to the complaint, reveals several critical details that align with the characteristics of a potentially fraudulent website. Registered through NameCheap, Inc. on May 4, 2024, the domain’s creation and update dates are identical, suggesting that it was set up very recently and potentially for a short-term scam operation. The expiration date set for May 4, 2025, also indicates a limited lifespan, which is often typical of fraudulent websites designed to disappear after a brief period.

The domain is protected by a privacy service, Withheld for Privacy ehf, based in Reykjavik, Iceland. While privacy services are commonly used to protect legitimate personal information, their use can also obscure the identities of malicious actors, making it difficult to track and hold them accountable. The use of privacy protection raises a red flag, especially when associated with new and dubious trading platforms.

Hosting information reveals that the domain is hosted by Namecheap, Inc., with servers in New York, United States. The IP address 198.54.115.193 belongs to Namecheap’s autonomous system, AS22612, which is known for hosting various other domains. The reverse DNS of the IP, server185-3.web-hosting.com, points to shared hosting services, which are often inexpensive and favored by scammers due to their low costs and ease of setup.

The SEO analysis for chasemarkethub.com presents a bleak picture. The domain has a Semrush Domain Rank of 0, with no organic or paid search traffic. It has no recorded organic keywords or backlinks of significant value. The absence of organic traffic and search visibility indicates that the site has not been established long enough to gain online traction or credibility. The two referring domains, both nofollow links, suggest minimal efforts to build a legitimate web presence.

Chasemarkethub.com Review

The primary contact email provided is info@chasemarkethub.com.

The website prominently features claims about its operations and services, emphasizing its supposed position as a leading trading platform. However, closer inspection raises several red flags.

Firstly, the site boasts various services, from Forex trading to cryptocurrency mining, claiming award-winning conditions and advanced technological setups. Yet, there is a conspicuous lack of verifiable details about the company’s regulatory status. No regulatory bodies or licenses are mentioned, which is particularly troubling for a platform handling financial transactions and investments. Legitimate trading platforms typically display their regulatory credentials prominently to assure users of their legitimacy and compliance with financial laws.

The website uses general statements about security and privacy, claiming DDoS protection and privacy safeguards, but these claims lack specificity and verifiable details. Using broad, unsubstantiated claims is a common tactic among fraudulent sites to create a false sense of security.

Additionally, the website lists several appealing features, such as instant withdrawals, many payment methods, and high-performing mining hardware. However, these features are described in a manner that appears more promotional than factual. The language used is designed to entice users without providing concrete evidence or user testimonials to back up these claims.

Furthermore, the site’s design and presentation include high-quality images and professional-looking interfaces, which can easily mislead potential victims into believing they are dealing with a credible entity. Another significant red flag is the absence of linked social media accounts or additional contact methods besides a single email. Reputable companies maintain active social media profiles and multiple communication channels to ensure customer support and transparency.

Bottom Line

Overall, the combination of vague claims, lack of regulatory information, and limited contact details suggests that chasemarkethub.com may be operating a sophisticated scam to exploit unsuspecting investors.