I recently fell victim to an automated trading platform scam on Teamsi.uk, a website promising high returns through “smart” trading algorithms. I discovered Teamsi.uk through a YouTube video that portrayed it as a reputable and profitable investment opportunity. After seeing this, I decided to invest, initially experiencing some small returns. However, as I deposited larger amounts, my funds became locked, and I was repeatedly asked to pay additional fees to “unlock” my balance for withdrawal. In total, I lost $58,770 to this fraudulent platform.

Transaction Details

Here is a summary of the transactions I made, showing how substantial amounts were transferred into Teamsi.uk’s wallet addresses:

• June 28, 2024: 15,209.995033 USDC to wallet : 0x7ba6eaf2a935c2a20afbdea4504d60a7afdc7264
• June 27, 2024: 11,722 USDC to wallet: 0x14b7d85987408532b112af83469320f835484f7f
• July 1, 2024: 9,998.508915 USDC to wallet : 0x04a1e209ad949a3f1315b091ad5ef02d0eace6e1
• July 2, 2024: 975 USDC to wallet:0x04a1e209ad949a3f1315b091ad5ef02d0eace6e1
• June 28, 2024: 700 USDC to wallet: 0x7ba6eaf2a935c2a20afbdea4504d60a7afdc7264
• July 2, 2024: 0.0321576 BTC to wallet : 3AdZ3U28zAX4GPW6U1eMtchJ8psLJ7i1o4
• June 22, 2024: 0.03091218 BTC to wallet : 3AdZ3U28zAX4GPW6U1eMtchJ8psLJ7i1o4
• June 23, 2024: 0.02746016 BTC to wallet : 3AdZ3U28zAX4GPW6U1eMtchJ8psLJ7i1o4
• June 23, 2024: 0.01557701 BTC to wallet : 3AdZ3U28zAX4GPW6U1eMtchJ8psLJ7i1o4
• June 21, 2024: 0.00159567 BTC to wallet : 3AdZ3U28zAX4GPW6U1eMtchJ8psLJ7i1o4
• July 2, 2024: 3,000 USDC to wallet: 0x7ba6eaf2a935c2a20afbdea4504d60a7afdc7264
• July 1, 2024: 3,000 USDC to wallet: 0x7c6741f471103cca1c57c62290bbcdfb66f8df7e
• June 19, 2024: 0.02953552 BTC to wallet : 3AdZ3U28zAX4GPW6U1eMtchJ8psLJ7i1o4

Scam Tactics Uncovered

Teamsi.uk used several classic scam tactics to lure and trap investors:

• Social Media and Video Promotions: By presenting itself on popular platforms like YouTube, Teamsi.uk appeared trustworthy and accessible. These promotions gave the platform a false legitimacy, making it easier to attract unsuspecting investors.
• Trust-Building Payouts: Initially, the platform processed small returns to create an illusion of profitability and reliability, encouraging users to invest more.
• Endless Withdrawal Barriers: As soon as significant investments were made, the platform started demanding additional payments, citing various fees and security deposits asprerequisites for withdrawal. This strategy is a common red flag, as legitimate platforms do not require users to make additional deposits to withdraw their own funds.

Teamsi.uk Conclusion

Teamsi.uk is a fraudulent trading platform that preys on investors through deceptive social media and video promotions. The total loss in this scam amounts to $58,770, underscoring the financial harm caused by this scheme. This experience highlights the importance of conducting independent research before investing in any online trading platform, especially those promoted through unverified sources.

Avoid Teamsi.uk and similar platforms, and remember that legitimate investment services will never demand additional deposits for withdrawals.