UT-market.com is a fraudulent, unregulated trading and investment platform that deceives users with false claims about its history and operations. Our investigation reveals that the website, launched in 2024, falsely claims to have been in operation since 2017, adding to a long list of discrepancies and lies designed to scam unsuspecting investors.

False Claims and Fabricated Information

UT-market.com falsely portrays itself as a well-established platform, claiming to have been founded on March 1, 2017. However, domain records confirm that the website was only created in May 2024, exposing its false history. This type of deception is a hallmark of scam platforms trying to fabricate legitimacy and trust.

Additional fake claims include:

• Fake Address: The platform lists its headquarters as 414 Light St, Baltimore, MD 21202, USA, but this address does not belong to any legitimate business linked to UT-market.com.
• Bogus CEO and Ownership: The website names Edward Goldman as its CEO, but there is no verifiable information about this individual or their connection to the platform.
• Exaggerated Revenue: The platform boasts an annual revenue of over $20 billion, which is absurd for an unregulated and recently created platform with no proven track record.

Domain Information and Deceptive Creation Timeline

A domain analysis of UT-market.com uncovers further evidence of the scam:

• Updated Date: 2024-06-17
• Creation Date: 2024-05-06
• Registry Expiry Date: 2025-05-06
• Registrar Abuse Contact Phone: +1.6613102107

Despite claiming to have been operational since 2017, the website was only created in 2024, proving that the platform’s backstory is entirely fabricated.

User Report: $474 Lost in a Crypto Scam

One victim reported losing 0.00826 BTC (approximately $474) after investing through UT-market.com. The funds were sent to the crypto wallet address bc1qm2gm776kn57al9vdusdk96wy699ypw330e6g5y, and, as with other users, once the cryptocurrency was transferred, it became impossible to withdraw or recover the funds. This user’s experience further highlights how the platform manipulates users by promising returns that never materialize and blocking withdrawals once they have stolen the funds.

UT-market.com Conclusion

UT-market.com is a fraudulent and unregulated platform that uses false claims about its founding date, address, and leadership to scam users. One user lost $474 in Bitcoin after investing on the platform, which further underscores the dangers of engaging with such platforms.

If you come across UT-market.com or similar platforms, avoid making any deposits or engaging with them. Victims should report the platform to authorities and share their experiences to help prevent others from falling victim to the same scam.