• Calculated Amount Lost: $787 USD
• Scam URL: coinstraderhub.com
• Scam Address: bc1qau79mkv5jnjfz0s6rkuua7r7fcqu38ysfuywyu (Bitcoin Address)

Victim Description:

The victim fell prey to a fraudulent cryptocurrency mining and trading platform, CoinsTraderHub.com, which promised lucrative returns on Bitcoin investments. The victim deposited 0.00809236 BTC (valued at approximately $787 USD) into the scammer’s Bitcoin address, bc1qau79mkv5jnjfz0s6rkuua7r7fcqu38ysfuywyu, as part of a supposed investment plan.

Despite assurances of high profits, the funds were never returned, and the platform ceased communication, confirming the fraudulent nature of the website.

Scam Tactics

1. Fake Crypto Platform:
   CoinsTraderHub.com posed as a legitimate mining and trading platform, falsely advertising profitable investment opportunities.
2. Unrealistic Returns:
   The website lured the victim with exaggerated claims of quick and high returns, typical of scam tactics.
3. No Payouts or Refunds:
   After the deposit, the victim was unable to retrieve either the promised returns or the initial funds.
4. Use of Cryptocurrency Wallets:
   The scam relied on the anonymity provided by cryptocurrency transactions, making recovery of funds difficult.

Cryptocurrency Address Involved:

• Bitcoin Address: bc1qau79mkv5jnjfz0s6rkuua7r7fcqu38ysfuywyu

Tracking this Bitcoin wallet may help link other fraudulent activities or identify additional victims.

Domain Information:

• Domain: coinstraderhub.com
• Registrar: HOSTINGER operations, UAB
• Registered On: January 10, 2024
• Expires On: January 10, 2025
• Updated On: February 22, 2024

Registrant Contact:

• Name: Domain Admin
• Organization: Privacy Protect, LLC (PrivacyProtect.org)
• Street: 10 Corporate Drive
• City: Burlington
• State: MA
• Postal Code: 01803
• Country: US
• Phone: +1.8022274003

Conclusion

The victim lost 0.00809236 BTC, equivalent to approximately $787 USD, after trusting the fraudulent mining and trading platform CoinsTraderHub.com. The funds sent to the Bitcoin address bc1qau79mkv5jnjfz0s6rkuua7r7fcqu38ysfuywyu are irrecoverable. This incident highlights the need for vigilance when dealing with online cryptocurrency platforms. Victims are encouraged to report the scam to authorities, blockchain analysis services, and domain registrars to prevent further fraudulent activities.