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Topic
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Type of Scam: Investment Scam
URL of Scam: owallet.com
Cryptocurrency Addresses:0x8A9faC190a8aE44B82e27fB1fA1Ab46Ac8baE1a9
rETfsremYZtH2B2hfJSar27sKQ5rT3YZZuAmount Loss: $47,591
Open-Source Intelligence Analysis: Investigative Report on Fraudulent Activities at owallet.comCurrent Website:
The website owallet.com has been identified as part of an investment scam, where individuals are duped into making financial commitments under the pretense of lucrative investment returns. The promised benefits are inaccessible, with victims encountering barriers when attempting to retrieve their funds.Domain and Hosting Information:
Registrar: GoDaddy.com, LLC
Registered On: 2006-06-12
Expires On: 2025-06-12
Updated On: 2024-11-12
Status:clientDeleteProhibited
clientRenewProhibited
clientTransferProhibited
clientUpdateProhibited
Nameservers:dom.ns.cloudflare.com, izabella.ns.cloudflare.comTechnical Analysis and Legal Action Recommendations:
Domain Registrar: GoDaddy.com, LLCAction Recommended: Obtain comprehensive registration and ownership details to expose the entities behind the fraudulent operations.
Nameservers: Managed by Cloudflare, Inc.Action Recommended: Secure DNS logs and other network configurations to analyze the domain’s network traffic and link it to potential fraudulent activities.Critical Observations:
The use of Cloudflare for DNS management indicates a preference for enhancing performance and security, possibly to lend credibility to the scam. The domain’s extended registration and status protections reflect an intent to establish a long-term presence, which can deceive potential investors about the legitimacy of the site.Conclusion:
The operations conducted through owallet.com showcase typical characteristics of an investment scam, exploiting trust and the allure of high returns. Prompt legal actions, including detailed subpoenas for domain registration and DNS activity, are crucial for dismantling the scam’s infrastructure and potentially aiding in the recovery of the victims’ funds. Further public education on recognizing and avoiding such scams is also imperative to prevent future victimization.
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How Owallet.com Cost a Victim $50,000 in an Investment Scam
When you’re promised easy profits, it’s tempting to believe. That’s exactly how scammers behind owallet.com trapped their victim. The website appeared professional, convincing, and full of promises. It persuaded someone to invest $50,000, using cryptocurrencies like XRP and USDT. The funds flowed, but the returns never came. Instead, the victim faced silence, excuses, and demands for more money. If you’ve dealt with owallet.com or received communications from any of its representatives, take action immediately.
This case tells a cautionary tale. The victim trusted the scammers and even shared personal KYC details, thinking it was a standard process. Transactions spanned multiple days, and everything seemed legitimate—until it wasn’t. By the time they realized the truth, their money was gone, and they were left searching for help.
That’s where we stepped in. CNC Intelligence worked on this case, investigating the transactions and identifying traces to follow. We analyzed data, reviewed the evidence, and completed three cryptocurrency traces. This provided a clear picture of how the scam operated. Our investigation armed the victim with actionable insights to pursue further steps with law enforcement.
Scams like this play on emotions. They create urgency and promise life-changing outcomes. But when promises turn to losses, relief feels distant. We want you to know there’s hope. If you’ve encountered owallet.com or a similar scam, reach out. By understanding the signs, tracing the funds, and acting quickly, you can regain control.
Yes, this was a scam. The fraudulent domain, the unreturned funds, and the victim’s story make that clear. We’ll continue exposing scams like this to protect others. If you’ve faced something similar, share your story. Together, we can uncover the truth.
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