Type of Scam: Investment Scam
URL of Scam: btchfx.com
Cryptocurrency Address: bc1qg6vaswffu9tzj7scdfmu9c9v49n43ues3vf9lz
Calculated Amount Loss: $5,019.00

Description: The victim attempted to withdraw their funds from btchfx.com to close their account but faced repeated demands for additional payments purportedly for a “risk assessment” of their Cash App. The platform now insists on a wire transfer to release the victim’s funds, a common tactic in financial scams to extract more money under the guise of procedural necessities.

Open-Source Intelligence Analysis: Investigative Report on Withdrawal Scam at btchfx.com

Current Website:
The website btchfx.com is involved in an investment scam where victims are manipulated into paying additional fees ostensibly for administrative procedures that are typically unnecessary and designed to prolong or prevent the withdrawal of their own funds.

Domain and Hosting Information:

Registrar: NameSilo, LLC
Registered On: 2024-07-01
Expires On: 2025-07-01
Updated On: 2024-07-01
Status: ok
Nameservers: kara.ns.cloudflare.com, noel.ns.cloudflare.com

Technical Analysis and Legal Action Recommendations:

Domain Registrar: NameSilo, LLCAction Recommended: Obtain full registration and ownership details to identify and track the operators behind btchfx.com.
Nameservers: Managed by Cloudflare, Inc.Action Recommended: Request DNS logs and network configurations to trace the domain’s network activities and identify any linked fraudulent operations.

Critical Observations:
The use of Cloudflare nameservers suggests an attempt to enhance site performance and reliability while potentially complicating efforts to trace the site’s actual operational base. The domain’s short registration period is indicative of a potential “hit and run” scam, established to defraud users quickly before detection.

Conclusion:
The deceptive practices observed at btchfx.com highlight a clear case of financial exploitation involving unnecessary and continuous demands for payments to release user funds. Immediate, comprehensive legal actions, including subpoenas for detailed domain registration information and DNS activity, are essential to dismantle the fraudulent infrastructure, potentially aid in the recovery of the victim’s funds, and prevent further exploitation. Raising public awareness about such withdrawal scams is crucial to protect potential investors.