Coin-ethgos.com has been exposed as a fraudulent platform posing as a provider of auto-trading and crypto mining services. The site lures investors with promises of effortless profits through advanced trading algorithms and mining operations. Victims have reported significant financial losses, with total transactions amounting to $410,263.15 USD, transferred to the wallet address 0x9a83c9A10d76b5fBE5AbBc3414320a069590D7CA.

Transaction Details

• Date: Feb 1, 2022 | Cryptocurrency: USDT | Amount: 8,810.94 | USD Value: $8,829.10 | Wallet Address: 0x9a83c9A10d76b5fBE5AbBc3414320a069590D7CA
• Date: Feb 18, 2022 | Cryptocurrency: USDT | Amount: 100,088.74 | USD Value: $100,235.01 | Wallet Address: 0x9a83c9A10d76b5fBE5AbBc3414320a069590D7CA
• Date: March 1, 2022 | Cryptocurrency: USDT | Amount: 100,114.76 | USD Value: $99,818.79 | Wallet Address: 0x9a83c9A10d76b5fBE5AbBc3414320a069590D7CA
• Date: March 29, 2022 | Cryptocurrency: USDT | Amount: 201,262.43 | USD Value: $201,380.25 | Wallet Address: 0x9a83c9A10d76b5fBE5AbBc3414320a069590D7CA

How the Scam Operates:

1. Deceptive Offers: Coin-ethgos.com advertises automated trading algorithms and crypto mining as risk-free ways to generate high returns.
2. Large Deposits Required: Users are persuaded to transfer substantial sums in cryptocurrency to participate in exclusive investment opportunities.
3. No Withdrawals: Once funds are transferred, victims face delays, excuses, or outright refusals when attempting to withdraw their money. Scammers often demand additional fees for “account activation” or “processing withdrawals.”

Coin-ethgos.com is a classic example of how fraudulent platforms exploit the trust of investors. Always exercise caution and avoid unverified crypto platforms to protect your investments.