A recent scam involving the fraudulent website pearlinetrade.com has surfaced, where a user lost approximately $1,800 to a fake cryptocurrency trading platform. The site, which had a short lifespan, deceived users by promising quick profits from trading. After the victim transferred funds to the following Bitcoin addresses:

1. 12JnEsmgv4zzkaZhLSZABgnGG9wu3sPhMu
2. 1GoEGmpnnTstbvBXLapE9Mm1CwZFWuxqJP

the platform ceased all communication, and no returns were provided.

Domain details for pearlinetrade.com show that it was created on September 4, 2023. With an updated date of September 5, 2024 and an expiry date of September 4, 2025. These details indicate that the website was designed for short-term fraudulent activity, targeting unsuspecting users before disappearing. The website was registered with a contact number for registrar abuse, +1.6613102107, though this has proven ineffective in halting the scam.

As always, be cautious when engaging with new trading platforms, especially those promising unrealistically high returns. Scammers often exploit such promises to deceive users into transferring funds that cannot be recovered.