Grizzlydex.com operates as a fraudulent cryptocurrency exchange that exploits unsuspecting users, leading to significant financial losses. Victims are drawn into this scam through targeted social media outreach, resulting in their funds being stolen after transactions on the platform.

Scam Details

The scam unfolds as follows:

• Social Media Connection: Scammers initiate contact with potential victims on social media, posing as financial advisors or crypto trading experts.
• Promotion of Grizzlydex.com: Victims are persuaded to use Grizzlydex.com, presented as a reliable and profitable crypto exchange.
• Deposit and Theft: Victims transfer cryptocurrency to the platform but lose access to their funds shortly after. The scammers transfer the stolen funds to their own wallets, rendering victims unable to recover their assets.

Receiving Address

Funds lost through this fraudulent platform are transferred to the following cryptocurrency address:

• Address: DVhBKo5snDbqmAgPzbELthPBpjHFwbAb41Ef9VWZLtk3

This address is likely one of many employed by the scammers to receive and launder stolen funds.

Domain Information

The domain grizzlydex.com has several characteristics indicative of a scam:

• Registrar: NICENIC INTERNATIONAL GROUP CO., LIMITED
• Registration Date: October 26, 2024
• Expiration Date: October 26, 2025
• Updated Date: November 10, 2024
• Status: clientDeleteProhibited, clientTransferProhibited (likely to prevent interference or take-down efforts).
• Name Servers: henrik.ns.cloudflare.com, venus.ns.cloudflare.com

The domain’s recent registration date and short operational history suggest a scam designed for rapid deployment and eventual abandonment.

Victim Experience

Victims report being contacted on social media by individuals claiming to have insider knowledge or expertise in cryptocurrency trading. After being convinced to deposit funds via Grizzlydex.com, the victims’ funds are transferred to receiving addresses like DVhBKo5snDbqmAgPzbELthPBpjHFwbAb41Ef9VWZLtk3. Attempts to withdraw funds or seek assistance from the platform result in silence, blocks, or requests for additional payments under false pretenses.

Conclusion

Grizzlydex.com has proven to be a fraudulent cryptocurrency exchange, designed to steal funds under the guise of legitimate trading. Users are urged to exercise extreme caution, particularly when approached through social media, and to verify the credibility of any platform before transacting. Always rely on well-known and regulated exchanges to ensure the safety of your funds.