Our investigation has revealed that owallet.com is associated with a large-scale trading scam targeting cryptocurrency investors. Victims of this fraudulent operation have reported losing a total of $50,000 in Ethereum (ETH).

The domain owallet.com was registered through GoDaddy.com, LLC, with its registration dating back to June 12, 2006, and an expiration date set for June 12, 2025. It was recently updated on November 12, 2024. The domain’s registrant details are masked through Domains By Proxy, LLC, listing an address in Tempe, Arizona, USA. This use of a privacy service makes it challenging to trace the individuals behind the scam.

Victims of this scam were instructed to send Ethereum to the following wallet addresses:

rETfsremYZtH2B2hfJSar27sKQ5rT3YZZ
0x8a9fac190a8ae44b82e27fb1fa1ab46ac8bae1a9
The fraudulent scheme typically lures investors with promises of high returns, convincing them to deposit funds into these wallets. Once the funds are received, the scammers cease communication, leaving the victims unable to recover their investments.

The domain’s longevity and professional appearance may have been used to gain the trust of unsuspecting victims. Its recent update and protection through a privacy service suggest an effort to shield the operation from scrutiny and further investigation.

If you have additional information about this scam such as transaction details, communication records, or other associated wallet addresses please share your findings. Blockchain analysis of the wallet addresses could provide leads to trace the funds and potentially expose the individuals involved.

Raising awareness about this scam is essential to protect others in the crypto community. Together, we can work to combat these fraudulent schemes and prevent further financial losses.