Urgent Community Notice: A sophisticated cryptocurrency investment scam has been reported, targeting inexperienced investors through social media platforms like Instagram. The fraudulent operation, masquerading under the name Power Tradex, lures victims with the promise of high returns on investments in Bitcoin and Ethereum.

Key Details of the Scam:

• Scam URL: https://powertradex.net/index.html
• Contact Information:
• Email: support@Powertradex.net
• Phone: (618) 769-2140
• Fraudulent Offer: Victims are enticed with an initial investment offer by Power Tradex, claiming to provide a $1200 bonus to new investors for a minimal initial investment of $300 to purchase Ethereum.
• Method of Payment: Victims are instructed to send money via Cash App in small increments.
• False Promises: Within a week, the investment supposedly grows exponentially (e.g., reaching $56k), but when attempting to withdraw funds, victims are confronted with demands for additional fees.
• Financial Loss: $874, with ongoing demands for more money without any return on the investment.
• Victim’s Location: CA, USA (91406)
• Reported Date: November 23, 2023

If you or someone you know has been targeted or fallen victim to Power Tradex or similar cryptocurrency investment scams, sharing your experience could be invaluable. Your insights can help uncover the extent of these operations and potentially assist in preventing further victimization.

Please Note: Always exercise caution when approached with investment opportunities promising unusually high returns in short periods. Verify the legitimacy of any company or offer through thorough research and consider seeking advice from financial experts before committing funds.

Together, by raising awareness and sharing information, we can combat these fraudulent schemes and protect potential victims.