Community Alert: An online advertisement claiming an endorsement from Justin Trudeau for Trade Galactica has led to significant financial loss for at least one individual. The platform, which appeared legitimate, engaged the victim in a series of transactions under the guise of trading and investment opportunities, resulting in a cumulative loss of $38,136 USD.

Key Information for OSINT Investigations:

• Fraudulent Website: tradegalactica.com
• Scam Type: Cryptocurrency
• Total Amount Lost: $38,136 USD
• Location of the Targeted Individual: ON, Canada- N2L 1V4
• Scammer’s Contact Number: (647) 254-2997
• Business Name Involved: CryptoCurrency – Trade Galactica
• Date Reported: February 20, 2024

An online ad initially attracted the victim, who was subsequently engaged by the platform’s agents. The agents solicited multiple payments for trading, account recovery, and resolving a substantial trading deficit. The scam involved coercing the victim into making payments under the pretext of loans, account recovery, and purchasing out a bad trade, cumulating in a purported debt and additional payments.

The platform’s policy purportedly prohibits the deduction of gains to cover the debts, requiring the victim to settle the amount with their funds before any withdrawal of supposed gains, which were claimed to be over $219,000.

If you have encountered similar experiences with Trade Galactica, or if you have been approached by anyone using the contact information provided above, your story is important. Sharing your experience could aid others in avoiding similar scams and might provide valuable information for open-source intelligence (OSINT) efforts to uncover these fraudulent schemes.

This alert cautions individuals against engaging with the mentioned platform and encourages those affected to come forward. Your input could be crucial in piecing together the operations of these scammers and potentially aiding in recovery efforts.