Home » Topics » Scam Analysis and Research » Ubuy.com Scam: Users Report Losses Through Cryptocurrency Transactions

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    satish
    Keymaster

      Ubuy.com, a platform claiming to offer imported products to over 180 countries, has been the subject of alarming user reports. While it advertises a vast product range and global delivery, several customers allege fraudulent practices involving cryptocurrency transactions.

      Reports reveal that users lost money after placing orders on the platform. Following payment in cryptocurrency, sellers reportedly failed to deliver the promised products. Worse, users claim that once their orders were marked as “complete,” they were repeatedly asked for additional payments under various pretexts. This led to significant financial losses, with one reported transaction involving 0.006141 BTC (approximately $200, depending on market rates).

      The lack of transparency in operations and the exclusive reliance on cryptocurrency for payments make recovery of funds nearly impossible. Cryptocurrency transactions are irreversible, making it easier for scammers to exploit unsuspecting users.

      Transaction Details:

      • Address: 3FFTtdHntmDGQvrK5wjfM1LRqgsT2YoXCG
      • Amount: 0.006141 BTC

      Domain Information:

      • Domain: ubuy.com
      • Registrar: Moniker Online Services LLC
      • Registered On: October 16, 1995
      • Expires On: October 15, 2032
      • Updated On: December 25, 2023

      Warning Signs:

      • Non-delivery of products after payment.
      • Repeated demands for additional payments post-order.
      • No effective customer support or accountability.

      Potential buyers are strongly advised to exercise caution and verify the legitimacy of the platform. Avoid making payments in cryptocurrency unless you can fully trust the vendor. If you’ve encountered issues with Ubuy.com, report the matter to local authorities and share your experience to help warn others.

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