Scam Name: FX Markets Exchange Scam

Calculated Amount Lost: $3,676 USD
Scam URL: client.fxmarketsexchange.com

Victim Description:
The victim lost $3,676 USD through a cryptocurrency scam via the fraudulent website client.fxmarketsexchange.com. This website is part of a larger scam operation involving cryptocurrency trading, where the victim deposited their funds, believing the platform was legitimate. However, after investing, the victim was unable to withdraw the funds, leading to significant financial loss.

Scam Tactics:

Fake Trading Platform:
The victim was lured into investing by a fraudulent trading platform that claimed to offer high returns through cryptocurrency investments. The website client.fxmarketsexchange.com was presented as a legitimate exchange, but the platform is part of a scam to steal funds from unsuspecting users.

Initial Investment:
The victim deposited $3,676 USD into the platform, hoping to earn returns through cryptocurrency trading. The site may have initially shown some gains to build trust, a tactic often used in these scams to encourage users to deposit more funds.

Withdrawal Block:
After making the deposit, the victim attempted to withdraw funds but was unable to do so. This is a common scam tactic where, after convincing users to deposit funds, the scammers prevent withdrawals or impose fake withdrawal fees or conditions, trapping the victim’s money.

Scammer’s Address:
Receiving Wallet Address:0x5b4bcae5739a8bfa5c840c9184bc035799ee4ad8

Wallet Information Involved in the Scam:

Victim’s Deposit:
The victim deposited $3,676 USD into the scam platform, which was then transferred to the wallet address above. The scammer likely used this wallet to consolidate the stolen funds.

Domain Information:
The fraudulent website client.fxmarketsexchange.com operates under the domain fxmarketsexchange.com, which is registered through eNom, LLC. The domain was created on October 28, 2022, and is set to expire on October 28, 2025. The status of the domain is clientTransferProhibited, preventing its transfer. The name servers associated with the domain suggest it is being hosted by a provider with a history of handling domains for fraudulent activities.

Domain: fxmarketsexchange.com
Registrar: eNom, LLC
Registered On: 2022-10-28
Expires On: 2025-10-28
Updated On: 2024-12-02
Status: clientTransferProhibited
Name Servers: dns1.name-services.com, dns2.name-services.com, dns3.name-services.com, dns4.name-services.com, dns5.name-services.com

Recommendations:

Report the Scam:
The victim should immediately report the scam to relevant authorities, including the Federal Trade Commission (FTC), Internet Crime Complaint Center (IC3), and local law enforcement. Providing details like wallet addresses and the scam URL will assist investigators in tracking the scam operation.

Consult Legal Counsel:
Given the financial loss, the victim should consult with a legal professional specializing in cryptocurrency fraud. Legal experts can provide advice on possible recovery methods or steps to pursue legal action.

Track Blockchain Transactions:
The victim should use a blockchain explorer to track the scammer’s wallet address. This could reveal where the funds have been moved or if they have been transferred to other wallets, which might help trace the scammers’ activities.

Contact Financial Institutions:
If the victim used any payment services (e.g., bank transfer, crypto exchanges), they should report the incident to these institutions. In some cases, they may be able to assist in blocking further transactions or investigating the scam.

Disengage from the Scammer:
The victim should stop all communication with anyone associated with the scam. Engaging further with scammers will only increase the risk of additional fraudulent activity.

Alert the Public:
The victim should report the scam on social media, scam reporting websites, and cryptocurrency forums to warn others. This could prevent more people from falling into the same trap.

Blacklist the Website:
The victim should consider reporting client.fxmarketsexchange.com to Google Safe Browsing, PhishTank, or other scam databases to protect others from visiting the website.

Monitor Accounts for Suspicious Activity:
The victim should monitor their accounts for any unusual activity. If the scammer attempts further contact or unauthorized transactions, they should report them immediately to the authorities.

Conclusion:
The victim lost $3,676 USD through a scam via the fraudulent website client.fxmarketsexchange.com. This scam involved a fake cryptocurrency trading platform that promised high returns but blocked withdrawals after funds were deposited. Immediate action should be taken by the victim to report the scam, track blockchain transactions, and raise awareness about the scam to help prevent future losses.