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Topic
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Receiving Address:
Type of Scam: Investment Scam
CoinYamaha.my is a fraudulent cryptocurrency investment platform that falsely promises unrealistic returns to lure investors. The website presents itself as a legitimate crypto trading and investment hub, enticing users with high-profit guarantees and risk-free earnings. However, in reality, once victims deposit funds, they find themselves unable to withdraw their investments or profits.
We received user reports indicating a loss of approximately $800 through this scam. Victims are often contacted via social media, WhatsApp, or email, where scammers persuade them to invest with the promise of rapid wealth accumulation. Once the funds are transferred, communication is either cut off, or users are asked to pay additional fees to unlock withdrawals—an endless cycle designed to extract more money.
If you encounter CoinYamaha.my or similar platforms, exercise caution. Always verify the legitimacy of investment opportunities before committing funds, and never trust platforms that promise guaranteed profits with no risks.