Home » Topics » Fraudulent Cryptocurrency Addresses » olevet.co Exposes Fraud: 0.0359 BTC Lost in Fake Investment Scheme

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    satish
    Keymaster
      •  URL of Scam: olevet.co
      • Type of Scam: Fake Crypto Trading / Investment Scam
      • Amount Lost: 0.03080335 BTC and 0.00508888 BTC (Total BTC Lost: ~0.03589223 BTC)

      Victim Description:

      The victim engaged with olevet.co, a platform that falsely advertised itself as a legitimate crypto trading and investment opportunity. After making deposits in Bitcoin, the victim realized they were unable to withdraw any funds. Despite multiple attempts, the victim’s funds, totaling 0.03589223 BTC (~$950 USD), remained inaccessible. The platform continuously delayed withdrawals and ultimately blocked any attempts to retrieve the invested amount, confirming the platform as a fraudulent operation.

      Cryptocurrency Address Used:

      Scam Overview:

      The victim lost a total of 0.03589223 BTC to olevet.co, a fake crypto trading and investment platform. After sending 0.03080335 BTC and 0.00508888 BTC, the victim was shown a balance, but withdrawal attempts were repeatedly blocked. The scam typically operates by enticing victims to invest in trading schemes that appear profitable, but the funds are withheld once deposited. The victim’s funds were ultimately stolen, and the platform ceased all communication regarding the withdrawal.

      Domain Details:

      • Domain Name: olevet.co
      • Registrar: Dynadot Inc.
      • Registered On: September 18, 2024
      • Expires On: September 18, 2025
      • Updated On: November 4, 2024

      Domain Status:

      The domain olevet.co was registered in September 2024 and is still active, with a registration expiry date of September 2025. It is registered through Dynadot Inc., a legitimate domain registrar. The platform is still operational, using the domain to conduct fraudulent activities.

      Conclusion:

      The victim lost 0.03589223 BTC (~$950 USD) to the fraudulent platform olevet.co, which promised crypto trading returns but blocked withdrawal requests. This is a classic example of a fake crypto investment scam, where funds are stolen after the victim is lured into making deposits. The victim should take immediate action to report the scam, trace the transactions, and consult legal professionals for potential recovery of the lost funds.

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