URL of Scam: jpxtrademax.com

Type of Scam: Investment
Calculated Amount Loss: $15,815.00

Victim Description:
The victim fell for an investment scam involving the trading platform JPX TradeMax. The platform claimed to offer high returns on cryptocurrency investments. After making an initial deposit, the victim continued trading, ultimately losing a total of $15,815. Upon attempting to withdraw the funds, the victim found that the platform either blocked their access or prevented them from completing the transaction. The funds were transferred to a cryptocurrency wallet address, and despite the promise of easy withdrawals, the victim was unable to recover any funds.

Cryptocurrency Address:

Wallet Address: 35HLiYq2EmJG8tgRtf6c7caVxzuQNmMwcA

Open-Source Intelligence Analysis: Preliminary Findings on Fraudulent Activities Associated with JPXTradeMax
Current Website & Platform Details:
The website jpxtrademax.com was flagged as a fraudulent cryptocurrency investment platform. The site was designed to lure individuals into depositing large sums by promising high returns. The victim was convinced to send funds to the platform, but when attempting to withdraw, encountered roadblocks. This suggests a scam setup where users are encouraged to deposit funds but are never allowed to withdraw their earnings.

Domain and Hosting Information:

Domain Name: jpxtrademax.com
Registrar: Alibaba.com Singapore E-Commerce Private Limited
Registration Details:Registered On: July 16, 2024
Expires On: July 16, 2025
Updated On: July 16, 2024
Status: OK
Nameservers: hassan.ns.cloudflare.com
sarah.ns.cloudflare.com
The registrar for the domain is Alibaba.com, a major domain provider. Although Alibaba.com itself is a reputable company, the fact that this fraudulent domain is hosted through Cloudflare (which provides services that can shield the true location of the server) adds a layer of obfuscation for investigators.

Key Observations:

Obfuscation of Physical Location: The use of Cloudflare nameservers is commonly seen in fraudulent websites as it hides the true IP address of the hosting servers, making it more difficult to trace the physical location of the perpetrators.
Promised High Returns: The platform likely used promises of high returns to lure the victim, a typical tactic in investment frauds.
Withdrawal Issues: The victim was unable to withdraw the funds, which is a hallmark of this type of scam where initial deposits and gains appear legitimate until the victim attempts to cash out.

Recommendations:
Blockchain Forensics: Investigate the cryptocurrency wallet address (35HLiYq2EmJG8tgRtf6c7caVxzuQNmMwcA) to trace the movement of funds and possibly identify other victims involved in the same fraudulent operation.
Financial Reporting: File a complaint with financial regulators and cryptocurrency exchanges to flag the scam and potentially halt any further funds from being withdrawn from the platform.
Domain & Hosting Investigation: A request for information from Alibaba and Cloudflare could provide valuable details on the individuals behind the platform. Since Cloudflare provides services to mask the true physical location of websites, pursuing a subpoena could help unmask the perpetrators.
Warnings to Potential Victims: Ensure that potential investors are aware of the risks of trading on unverified platforms, especially those with unclear withdrawal processes.

Conclusion:
The JPXTradeMax platform is a fraudulent cryptocurrency investment site that promises high returns but prevents users from withdrawing funds after they have deposited money. The scam leverages the popularity of cryptocurrency trading platforms to build trust and lure victims into sending large sums. Once funds are deposited, victims are locked out of the withdrawal process, indicating that the platform is designed to steal money without offering any real returns. Tracing the cryptocurrency address involved and investigating the platform’s domain registration could provide further insights into the operation.