Coinmitese.com has emerged as a fraudulent cryptocurrency exchange, deceiving users through fake trading activities and trapping funds without any intention of allowing withdrawals. The platform appears professional, offering various trading options and promoting an image of legitimacy. However, once users deposit funds, they encounter severe issues, including blocked access to their assets, manipulated account balances, and endless demands for additional fees. The total amount lost in this scam is approximately $22,191.00.

Fraudulent Transactions on Coinmitese.com

Several transactions involving substantial losses have been reported:

• Transaction on 15/05/2024:
  – Token: USDC
  – Amount: 1,988.930829
  – Receiving Address: 0x402d59Ac4049872399Eb3EB63065030E5D66cda3
• Transaction on 22/05/2024:
  – Token: BTC
  – Amount: 0.14095436
  – Receiving Address: 3BVcAsXdguvyWDtm9by5ovqJtMz7LfFJg2
• Transaction on 17/06/2024:
  – Token: BTC
  – Amount: 0.15467319
  – Receiving Address: 38JBHMihH5Exp4zXzykEPZgnzm8Rk67nc5

In each of these cases, users were lured by false promises of high returns. The platform falsely inflates trading profits to build user confidence, encouraging further deposits. However, when users attempt to withdraw, they are met with endless verification steps, additional deposit demands, and fees that escalate, ultimately leading to a dead end.

Warning Signs

• Blocked Withdrawals: Users report being unable to withdraw funds, facing constant delays and additional requirements.
• Fabricated Fees: Demands for unforeseen fees to “unlock” withdrawals or cover “transfer costs” signal a typical scam tactic.
• Manipulated Trading Balances: Inflated account profits create a false sense of security, pushing users to deposit more.

Coinmitese.com Conclusion

Coinmitese.com is a scam cryptocurrency exchange using fabricated fees, blocked withdrawals, and manipulated balances to deceive and financially harm users. The total lost in this scam is approximately $22,191.00. Those considering this platform should proceed with extreme caution and avoid depositing funds. Always research thoroughly and verify the authenticity of any platform before engaging in cryptocurrency trading.

For those impacted, report any suspicious addresses and share experiences to protect others from similar schemes.