Mdexep.com has been identified as a fraudulent platform masquerading as a legitimate cryptocurrency mining and investment service. Victims report significant financial losses after transferring funds to the platform under the pretense of secure and profitable investments. Recent investigations revealed over $303,759.68 lost through multiple transactions in USDC and USDT to associated wallet addresses.

Breakdown of Reported Transactions:

• 6/10/2022 | Cryptocurrency: USDC | Amount: $99,986.66 | Wallet Address: 0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48
• 6/14/2022 | Cryptocurrency: USDC | Amount: $119,985.99 | Wallet Address: 0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48
• 6/24/2022 | Cryptocurrency: USDC | Amount: $39,990.00 | Wallet Address: 0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48
• 6/9/2022 | Cryptocurrency: USDT | Amount: $1,832.39 | Wallet Address: 0xdac17f958d2ee523a2206206994597c13d831ec7
• 8/1/2022 | Cryptocurrency: USDT | Amount: $39,193.33 | Wallet Address: 0xdac17f958d2ee523a2206206994597c13d831ec7
• 8/1/2022 | Cryptocurrency: USDT | Amount: $2,771.31 | Wallet Address: 0xa9d1e08c7793af67e9d92fe308d5697fb81d3e43

Total Reported Losses:

1. USDC: $259,962.65
2. USDT: $43,797.03

How the Scam Operates

• Deceptive Claims: Mdexep.com advertises itself as a legitimate cryptocurrency mining and investment platform, offering high returns and secure operations.
• Upfront Deposits: Victims are required to transfer large amounts of cryptocurrency to participate in exclusive investment opportunities.
• No Withdrawals: Once funds are deposited, users face delays, excuses, or outright refusal when attempting to withdraw their investments or profits. Scammers often demand additional payments to “process withdrawals.”

Red Flags of Mdexep.com:

• Unregulated and unverified claims of mining operations and investment services.
• Promises of guaranteed returns, a hallmark of fraudulent schemes.
• Lack of transparency and non-existent customer support.

Mdexep.com is yet another example of how unregulated platforms exploit investors in the cryptocurrency space. Always exercise caution and conduct due diligence before engaging with online platforms.