In recent weeks, we have received multiple reports concerning a cryptocurrency scam operating under the name OCEXCO, which is hosted on the website ocexcotop.com.

Victims have reported being lured into investing significant amounts of USDT (Tether) through this platform, only to find themselves unable to withdraw their funds. In one instance, a victim transferred a total of 1,398.15 USDT to the Ethereum (ERC20) address 0x2370926C8E9400E0DE03A83c7ad7218dB0150F57 on June 26, 2024, as part of an investment scam. Like many others, this withdrawal request was processed on the website but never resulted in the actual transfer of funds back to the victim’s wallet. The fraudulent nature of this operation becomes apparent when comparing the numerous complaints we have gathered.

Receiving Address: 0x2370926C8E9400E0DE03A83c7ad7218dB0150F57

The Ethereum address 0x2370926C8E9400E0DE03A83c7ad7218dB0150F57 is critical to investigating the OCEXCO scam. This address has been involved in multiple significant transactions, with a clear pattern of large amounts of USDT being received and sent to other addresses.

Most notably, the address received substantial deposits of 9,996 USDT and 3,358.29 USDT on August 12 and 11, 2024, respectively. These funds were quickly moved out in multiple transactions, including a series of withdrawals of 27,800 USDT each on August 14, 2024.

The timing and volume of these transactions suggest that this address is being used in a coordinated effort to redistribute funds, a hallmark of scam operations. The address also shows a small balance of ETH and USDT remaining, which indicates minimal usage outside these large transactions. This activity aligns with the complaints from victims defrauded by the platform, highlighting the fraudulent nature of this receiving address.

Domain Analysis: ocexcotop.com

The domain ocexcotop.com has exhibited several alarming signs typical of fraudulent operations. Registered on May 20, 2024, and hosted by PDR Ltd. d/b/a PublicDomainRegistry.com, this domain has a very short and suspiciously inactive lifespan. With no authority score, search traffic, or meaningful online presence, it became evident that the website never established any credibility or visibility on the web. Additionally, the domain’s backlinks are negligible and originate from low-quality sources, further emphasizing its lack of legitimacy.

The domain has been under various restrictive statuses, including clientDeleteProhibited, clientHold, clientRenewProhibited, clientTransferProhibited, and clientUpdateProhibited, indicating that it was flagged for potential violations or suspicious activities. These restrictions often suggest that the domain was either under investigation or suspended. Using name servers such as ns1.suspended-domain.com corroborates the likelihood that the domain was penalized for its involvement in deceptive practices.

Most notably, ocexcotop.com is no longer online, which is a common occurrence with scam domains after they have served their purpose of defrauding victims. The abrupt disappearance of the domain following its recent activities is consistent with the behavior of fraudulent sites that seek to vanish after scamming unsuspecting users. This further solidifies the conclusion that ocexcotop.com was a fraudulent website designed to exploit victims quickly and disappear without a trace.

Ocexcotop.com Reviews

The reviews and comments from various sources on the internet reveal a consistent and troubling pattern of fraudulent behavior associated with ocexcotop.com. Users who have interacted with the platform describe it as a “100% scam website,” with multiple accounts of individuals unable to withdraw their funds after making deposits. One user, Li Siqi, explicitly warns others, stating, “You can deposit but never withdraw. Initially, the app allows you to withdraw a small amount, but then it blocks all your withdrawal requests.” This sentiment is echoed by another user, Johuan, who notes that the platform initially allows small withdrawals, only to lure victims into investing more money, which they eventually cannot retrieve.

Radovan, another victim, mentions the platform’s history of using different domain names, including OCBCEX and PEJEBH, indicating that this operation has a history of changing identities to evade detection. He also shares his experience of losing a significant amount of money and being met with various excuses for why withdrawals were impossible, including demands for additional fees and taxes. His frustration is evident as he calls for justice against the scammers.

On review sites like Scamadviser, similar experiences are shared, with one user explicitly calling the site a “scam” and describing how the platform uses deceptive tactics to increase investments, only to fabricate reasons to prevent users from withdrawing their funds. These reviews collectively paint a clear picture of a fraudulent operation that preys on unsuspecting victims, making it essential to approach any interaction with ocexcotop.com with extreme caution.

The Bottom Line Regarding Ocexcotop.com

After thoroughly analyzing the evidence, it is evident that ocexcotop.com is a sophisticated scam operation. The overwhelming number of user complaints, the suspicious domain history, and the patterns of financial transactions all point to a fraudulent scheme designed to lure victims into investing money they can never withdraw. The fact that the domain is no longer online further supports the conclusion that this was a short-lived scam intended to disappear once its operators had exploited enough victims. Ocexcotop.com should be avoided at all costs, and anyone who has interacted with the site should take immediate steps to report the fraud and protect themselves from further harm.