Home » Topics » Investment Scams » Crypto Fraud Alert: Digital Wallet World Steals 1.02329 BTC
  • Creator
    Topic
  • #4483 Reply
    Prakash M
    Participant

      Scam Details:
      Digital Wallet World operated an investment scam, soliciting funds from victims under the guise of legitimate cryptocurrency investments. The fraudulent activity was tied to the following wallet addresses:

      bc1qqgf7h33y6ztvyhd07vzzmpp3s77p2q44saxv9m
      bc1qdurgkg79qa6dp649uhy8garm6htwskn07sqhpx
      1CP3kowLmcktCKajNNUWtpwCfjNFLtbZC2
      bc1qryvvn5a9q7qlzhxs6wf3c80j4e0qlc7kndxq0h
      The scam led to a significant financial loss of 1.02329 BTC ($20,000), with no means to recover the investment or realize the promised returns.

      Domain Information Analysis:
      Domain: digitalwalletworld.com
      Registrar & Name server: Gname.com Pte. Ltd
      ISP:EGIHosting.
      Registration Details:Registered on March 17, 2024.
      Set to expire on March 17, 2025.
      Last updated on May 4, 2024.
      Registrant Contact:State: Guangxi
      Country: China
      The use of international hosting services and a short domain registration period indicates a strategy designed for quick scams before detection.

      Recommended Actions:

      Report to Exchanges:
      Notify cryptocurrency exchanges where the BTC was sent from, providing wallet addresses and transaction IDs to help monitor and flag suspicious activities.

      Engage Law Enforcement:
      File a report with local authorities or cybercrime units, sharing all evidence, including wallet addresses, domain details, and communication records.

      Seek Legal Counsel:
      Consult with legal professionals specializing in cryptocurrency fraud to explore recovery options or litigation.

      Track Wallet Activity:
      Use blockchain monitoring tools to receive alerts for any activity involving the identified wallet addresses.

      Strengthen Security:
      Ensure all remaining cryptocurrency assets are secured in well-protected wallets and adopt best practices to prevent future compromises.

      Public Awareness:
      Share the experience on cryptocurrency forums, scam alert websites, and social media to warn others about Digital Wallet World.

      Conclusion:
      Digital Wallet World exploited the victim by masquerading as a legitimate investment platform, leading to a loss of $20,000 (1.02329 BTC). Immediate reporting, blockchain monitoring, and raising public awareness are essential steps to address the scam and mitigate further victimization.

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