A distressing scam has emerged involving the website trxico.com, where an individual lost a significant amount of cryptocurrency, totaling approximately $7,330. The scam began when the victim was contacted by someone named Jolina on the dating platform Badoo. After some communication, Jolina introduced the victim to a supposed cryptocurrency trading platform, where curiosity led to the transfer of funds to the website. However, the withdrawal function on the platform failed to work, effectively trapping the cryptocurrency on the site. The platform’s operations, including the gains and losses displayed, are suspected to be fraudulent, intended to deceive users into believing their investments were legitimate. In reality, the funds were likely siphoned off.

The victim’s funds were transferred to the receiving address TKbgNVZ3kobY68zFdiQssiSMsd4ScoKSFY. Multiple transactions were conducted, and despite attempts to withdraw, the funds remain inaccessible, raising serious concerns about the platform’s legitimacy.

Receiving Address: TKbgNVZ3kobY68zFdiQssiSMsd4ScoKSFY

The receiving address TKbgNVZ3kobY68zFdiQssiSMsd4ScoKSFY is associated with a relatively low balance of approximately $265.19, spread across TRX and USDT tokens. The address was created recently, on July 9, 2024, and has conducted 26 transactions. The activity on this address indicates minimal engagement, with only small amounts of TRX being transferred frequently, suggesting that this wallet may be used for micro-transactions or could be part of a more extensive network of wallets.

The presence of USDT in the wallet aligns with the complaint, where a substantial amount of cryptocurrency was transferred to this address. Given the small balance and low activity, it’s plausible that this address is being used as a temporary holding or pass-through wallet, potentially linked to fraudulent activity, especially considering the inability to withdraw funds from the associated platform. This raises red flags about the legitimacy of the operations conducted through this address.

Domain Analysis

The domain trxico.com was registered with GoDaddy.com, LLC, on March 15, 2024, and will expire on March 15, 2025. Privacy services protect the domain’s registration through Domains By Proxy, LLC, which obscures the registrant’s identity, a common tactic used by fraudulent websites to avoid detection. Cloudflare, Inc. hosts the website, and its IP address is traced to Toronto, Canada.

SEO analysis reveals that trxico.com has virtually no organic presence, with zero organic search traffic, keywords, and paid search traffic. The domain authority is notably low, and the site ranks for no significant keywords, suggesting it has little to no legitimate online presence. The backlinks are primarily nofollow, with a small number coming from low-authority domains, indicating minimal credibility and raising concerns about the site’s legitimacy.

The site’s hosting by Cloudflare provides some protection against direct attacks but does not validate the website’s authenticity. The lack of substantial organic and paid traffic, hidden registrant details, and the absence of a legitimate online footprint suggest that trxico.com is likely a newly created platform designed to perpetrate fraudulent activities. The rapid registration and immediate locking of the domain add to the suspicion that the website was created with the intent to deceive.

Trxico.com Review

The content on trxico.com presents a series of concerning red flags that strongly indicate fraudulent activity. Firstly, the website promotes cryptocurrency trading and DeFi staking with exaggerated promises of up to 100% APY, which is highly unusual and unrealistic in legitimate financial markets. Additionally, the website claims to offer rewards for referring friends, amounting to $1M plus an extra $100K, a typical strategy scam sites use to lure more victims into their scheme by incentivizing them to recruit others.

The platform imposes various withdrawal conditions, requiring users to trade more than twice their principal daily if their deposit exceeds 500 USDT. This unreasonable demand is designed to trap funds within the platform and make it increasingly difficult for users to retrieve their money. Moreover, the site mandates the payment of taxes before withdrawals under the threat of account freezing and balance clearance if the taxes are not paid. This is a classic tactic scam websites use to extort additional money from victims under pretenses.

No contact details, company information, or regulatory credentials are provided on the site, which is a significant red flag. Legitimate financial services platforms are usually transparent about their operations, providing customer support details and regulatory oversight information. The absence of such information, coupled with the overly aggressive and restrictive withdrawal policies, suggests that trxico.com is designed to defraud users by trapping their funds and making it virtually impossible to recover them.

The visual content, including promotional images promising high returns and rewards, further underscores the site’s deceptive nature. It employs manipulative techniques to entice users into the scam.

COINForex Reviews

The reviews available for trxico.com across various platforms overwhelmingly indicate that the site is a scam, with numerous users reporting significant financial losses and deceitful practices. On Scamadviser, users like Djricar Bertoli and Gian Gian describe their experiences as a “scam,” Gian explicitly notes that the site prevents withdrawals, a common tactic employed by fraudulent platforms to trap user funds. Another user, Aqza M, highlights that the site lures users with an initial payout but then demands further upgrades for continued access, a classic hallmark of a Ponzi scheme.

Trustpilot reviews further corroborate these claims, with a TrustScore of 2.8 out of 5 based on three reviews, all of which are 1-star ratings. One user, Ankit Bhasin, recounts how they were defrauded of $1,700 after being shown false profits on the platform. Despite multiple attempts, they could not withdraw their funds, and they provided screenshots as proof of the scam. Another review by Orlando Cheng describes a similar experience where, after an initial withdrawal, they were told their account had expired and required additional deposits to reactivate, further illustrating the manipulative strategies used by trxico.com. Rafi Ibrahim’s experience echoes these sentiments, losing their deposit after only a few transactions were honored.

These user experiences reveal a consistent pattern of fraudulent behavior, where trxico.com deceives users with the promise of high returns, only to lock them out of their accounts or demand additional payments once they try to withdraw their funds. The lack of positive reviews and the repeated reports of scamming tactics across multiple platforms leave little doubt about the site’s fraudulent nature, marking it as a dangerous platform for potential investors.

The Bottom Line Regarding Trxico.com

After thoroughly examining trxico.com, it is clear that this website operates as a scam. The suspicious domain setup, unrealistic promises of high returns, restrictive withdrawal conditions, and overwhelmingly negative user experiences all point to one conclusion: trxico.com is not a legitimate platform. If you’ve considered investing through this site or have already done so, I strongly urge you to take immediate action to protect your remaining assets and avoid further financial loss. This site is designed to deceive and defraud, making it a dangerous place for any investor. Stay vigilant and avoid trxico.com at all costs.