URL of Scam: grovexcoin.com

Type of Scam: Cryptocurrency Scam
Amount Lost: $213,470.00

Victim Description:
The victim reported losing a significant sum of $213,470 through a cryptocurrency scam involving the website grovexcoin.com. This substantial financial loss was the result of fraudulent activities where the victim transferred cryptocurrency to addresses associated with the scam.

Cryptocurrency Addresses Used:

0x90027e195b77c7d4ef2f6db7cd85e3e9107716aa
0xbbd60c7892a40d5a3cc839abab2068371c7b6cff

Open-Source Intelligence Analysis: Key Details of grovexcoin.com Scam

Scam Overview:
grovexcoin.com appears to be a fraudulent platform posing as a legitimate cryptocurrency investment or trading site. The victim was likely enticed by the promise of high returns on investments in cryptocurrencies or related products. The funds transferred to the scam were substantial, indicating a well-orchestrated scam that was able to gain the victim’s trust to a high degree.

Domain and Hosting Information:

Domain Name: grovexcoin.com
Registrar: PDR Ltd. d/b/a PublicDomainRegistry.com
Registration Details: Registered On: May 10, 2024
Expires On: May 10, 2025
Updated On: May 10, 2024
Status: clientTransferProhibited
Name Servers:rob.ns.cloudflare.com
zainab.ns.cloudflare.com

The domain is relatively new, registered in 2024, and is set to expire within a year. This short registration period can sometimes be indicative of fraudulent activities, as scammers often register a domain for a minimal period to carry out their scams before moving on. The use of Cloudflare’s DNS services helps to anonymize the actual hosting details, which is a common tactic used by fraudulent sites to obscure their true location and identity.

Scammer’s Tactics:

High Investment Losses: The large amount of money lost by the victim suggests that the scam was sophisticated, likely involving multiple interactions or transactions to build trust before the large sums were transferred.

Cryptocurrency Transactions: The use of cryptocurrency addresses suggests a typical crypto scam setup, where victims are asked to transfer funds to digital wallets under the guise of investment opportunities.

Fake Platform: The website likely offered fake investment opportunities or pretended to be a trading platform to attract significant investments from victims.

Recommendations:
Cease Further Transactions: If the victim is still in contact with the operators of grovexcoin.com or if there are ongoing transactions, they should cease immediately to prevent further losses.

Report to Authorities: The victim should report this incident to law enforcement agencies, including local police and perhaps the FBI if they are in the United States. Reporting to the Internet Crime Complaint Center (IC3) is also advisable.
Blockchain Analysis: Engage services that perform blockchain analysis to track the flow of transferred funds. This might help in tracing where the funds have been moved, potentially uncovering the identity of the scammers or other addresses associated with them.
Contact the Registrar: Report the fraudulent activities to the registrar (PublicDomainRegistry.com) to initiate an investigation into the domain and possibly take it down to prevent further scams.
Public Awareness: Share this experience on social media and cryptocurrency forums to raise awareness about this scam, potentially helping others avoid similar scams.

Conclusion:
The grovexcoin.com scam is a significant financial fraud that resulted in the loss of $213,470 through deceptive cryptocurrency schemes. The victim fell prey to a sophisticated scam that likely offered fake cryptocurrency investments or trading opportunities. Immediate actions such as reporting the scam, ceasing all communications with the scam entities, and tracking the cryptocurrency transactions are crucial steps in addressing the aftermath of this scam.