Recently, we have received several complaints from individuals who have fallen victim to a fraudulent cryptocurrency investment platform operating under coinweh.com. The platform, which masquerades as a legitimate trading and investment site, has reportedly locked funds and prevented users from withdrawing their investments.

One of the victims, who wishes to remain anonymous, reported losing $11,000 in Ethereum (ETH) after trusting the platform with their investment. The victim described how their funds became inaccessible, with the platform providing no legitimate means for withdrawal. Unfortunately, this experience is not isolated. We have been contacted by other victims who have also lost significant amounts of money—ranging from $701 to $14,000—after being lured into trading on this site.

These incidents highlight a growing concern within the cryptocurrency community, where fraudulent platforms exploit investors’ trust and steal their hard-earned money. Our complaints clearly show a well-orchestrated scam that traps users into investing, only to lock them out of their funds later.

If you or someone you know has been scammed by coinweh.com, we urge you to share your story.

Domain Analysis: Investigating Coinweh.com

The domain coinweh.com presents several red flags that align with its characterization as a potential scam. Registered on December 10, 2023, the domain is relatively new, having existed for just under a year. This short lifespan is often a characteristic of fraudulent websites, which frequently register domains for short-term use to quickly avoid detection and build a false sense of legitimacy.

The domain is registered through ALIBABA.COM SINGAPORE E-COMMERCE PRIVATE LIMITED, a registrar not typically associated with well-established and trustworthy financial platforms. Further examination of the domain reveals that its registrant contact details are notably vague. The registrant’s state is listed as “Lungsod,” with the country marked as the Philippines. However, no additional identifying information is provided, and the email contact is routed through a privacy-protected WHOIS service, a common tactic scammers use to conceal their identity and location.

From an SEO perspective, coinweh.com exhibits a negligible online presence. The domain holds a Domain Authority score of zero, according to Semrush, indicating that it lacks credibility and influence within search engines. The absence of organic search traffic, keywords, and any significant presence in search engine results further supports the notion that major search engines do not recognize or trust this domain. The domain’s backlinks, which amount to only 22 from 11 referring domains, are also a cause for concern. Most of these backlinks are labeled as “nofollow,” meaning they do not pass authority or credibility to the site and originate from dubious or irrelevant sources. Websites like bitcoinmix.biz and xploredomains.com, which host some of these backlinks, are not reputable sources, indicating that coinweh.com may be engaged in link schemes or other manipulative SEO practices to create an illusion of legitimacy.

Reviews: Analyzing Google Search Results for Coinweh.com

The Google search results for coinweh.com overwhelmingly point to it being a fraudulent platform designed to scam unsuspecting investors. Multiple sources and user reviews confirm that the website lures individuals with promises of high returns, only to lock their funds and demand further payments under various pretexts.

One user, David M. Duffin, commented on July 13, 2024, warning others to “stay away.” He revealed that he was “baited for four months” and lost $522.00. He considers himself fortunate that the loss wasn’t greater, which suggests that the site is adept at slowly stringing along its victims before the full extent of the scam is realized.

A deeper dive into the reviews reveals a consistent pattern of complaints where users describe their inability to withdraw funds from their accounts. One user mentioned that upon trying to withdraw their money, they were informed that additional “taxes” needed to be paid before any withdrawals could be processed. This is a common tactic scam websites use to extract as much money as possible from their victims before they realize the fraud.

Tech Bryan, a software technician on JustAnswer, provided a detailed response to a victim’s inquiry, unequivocally stating that “coinweh.com is a bogus/fraudulent crypto trading platform.” He explained that the site creates fake profiles to trick users into investing and then fabricates reasons—such as the need to pay withdrawal fees or taxes—to prevent users from accessing their funds. He further warned that “they will never allow you to withdraw your money even if you were to send them any further money” and advised the victim to cease further communication with the platform.

Additionally, multiple review websites like ScamAdviser and ScamDoc have given coinweh.com extremely low trust scores.

Bottom Line

The overall consensus from these reviews is clear: coinweh.com is a sophisticated scam designed to exploit investors by creating a facade of legitimacy through false promises and manipulative tactics.

The combination of user complaints, expert analysis, and poor trust ratings conclude that this website should be avoided at all costs.