URL of Scam: webtrader.safecryptoworld.com

Type of Scam: Investment
Calculated Amount Loss: $27,146.00

Victim Description:
The victim was initially contacted by a representative after signing up for an online trading platform. After depositing $250, the victim was guided by a “broker” who later claimed to be promoted to “Senior Broker”. The victim continued to invest, believing the platform was legitimate, but after making several additional deposits, they realized they were unable to withdraw funds. Eventually, the platform stopped responding to the victim’s withdrawal requests, and the total amount lost amounted to $27,146. The victim was asked to send funds to multiple cryptocurrency wallet addresses but could not retrieve any of the invested money.

Cryptocurrency Addresses Used:

Wallet Address 1: 1N6a4NA57PzK1jk62Xjps9YFLYzCVg45W9
Wallet Address 2: 1EfrEcLRAKFRTNdop3JZk2mbRcHgiNYc5T
Wallet Address 3: 1Js3z4B1gxFsiwd6Fxp7TQhiFnq3JE8sKn
Wallet Address 4: 1FWQiwK27EnGXb6BiBMRLJvunJQZZPMcGd
Wallet Address 5: 19SuckrFbuM5e3dqnFYVtztr2XSBTZZwQ8

Open-Source Intelligence Analysis: Key Details of SafeCryptoWorld Scam
Current Website & Platform Details:
The website webtrader.safecryptoworld.com is associated with a fraudulent cryptocurrency investment scheme. The victim was initially introduced to the platform through what appeared to be a professional broker offering “safe” and “profitable” trading opportunities. After making an initial deposit, the victim was encouraged to send more funds with the promise of high returns. However, the platform blocked withdrawals once the victim attempted to cash out, signaling that this was a typical investment scam designed to steal money from unsuspecting users.

Domain and Hosting Information:

Domain Name: safecryptoworld.com
Registrar: NameCheap, Inc.
Registration Details:Registered On: September 29, 2021
Expires On: September 29, 2025
Updated On: November 4, 2024
Status: clientTransferProhibited
Nameservers: ns1.afternic.com
ns2.afternic.com
The domain is registered with NameCheap, a legitimate registrar, but the fraudulent activity associated with the site indicates that this domain has been used to host a scam platform. The nameservers point to Afternic, which is commonly used for domain listing and can sometimes be associated with domains for sale.

Key Observations:

Broker Manipulation: The victim was guided by a broker who provided assistance and promised large returns. This manipulation is typical of scams where brokers appear to work closely with victims to gain trust.
Initial Deposit and Follow-up Requests: The platform started with a small deposit of $250, and later additional requests for funds followed as the victim was persuaded to invest more.
Cryptocurrency Wallets: Multiple wallet addresses were used for the transfers, which suggests that the perpetrators are operating across multiple accounts to avoid detection.
Withdrawal Issues: The inability to withdraw funds, along with sudden non-responsiveness, is a key red flag in investment scams.

Recommendations:
Blockchain Forensics: Investigate the cryptocurrency wallet addresses (e.g., 1N6a4NA57PzK1jk62Xjps9YFLYzCVg45W9) to trace the movement of the victim’s funds and identify whether other victims have been affected.
Financial Reporting: File a complaint with financial regulators, cryptocurrency exchanges, and other relevant authorities to report the scam and prevent further victims.
Domain & Hosting Investigation: Contact NameCheap and Afternic for more details regarding the domain ownership, which could help identify the individuals behind the scam. Since the nameservers are linked to domain sales platforms, there may be useful information to uncover.
Victim Education: Inform the public about the dangers of trusting unsolicited investment opportunities, particularly those involving high-pressure tactics, promises of guaranteed returns, and untraceable cryptocurrency payments.

Conclusion:
The SafeCryptoWorld platform, hosted under webtrader.safecryptoworld.com, is a fraudulent investment scheme that lures victims with promises of high returns on cryptocurrency investments. Victims are manipulated by brokers to deposit large amounts, but when they try to withdraw their funds, they are blocked and their requests ignored. The use of multiple cryptocurrency addresses for receiving payments is consistent with scams that attempt to obfuscate the movement of funds. Reporting this case to relevant authorities and tracking the cryptocurrency wallets involved could help uncover further evidence and protect other potential victims.