URL of Scam: trader.spresfx.com

Type of Scam: Forex / Investment Scam
Amount Lost: $693,208.00

Victim Description:
The victim reported falling for an investment scam, which was presented as the Spreadex.com Forex trading platform. Despite initial due diligence, the victim continued to engage with the platform and made significant investments. The scam continues to operate, with the victim being pressured to send an additional $500,000 to the scammer by the end of the week. The victim is still active on the fraudulent site, highlighting that the scam is ongoing.

Cryptocurrency Addresses Used:

0xBebC3aAc44CbF339fE1d4E7a225E8d8d40244BEA
0x78A23ECf532d6600313A146c91F43925f072ebce
0xf8d5a593ccc1440f8e9874134f964231c2af43e5

Open-Source Intelligence Analysis: Key Details of spresfx.com Scam
Scam Overview:

The scam involved the Spreadex.com Forex trading platform, which was misrepresented to the victim as a legitimate investment opportunity. The victim was led to believe they were making successful trades, only to be coerced into sending $693,208 worth of funds. Despite experiencing significant losses, the victim is still interacting with the scam platform, where they are being pressured to send an additional $500,000 to withdraw their funds or “unlock” their profits.

Domain and Hosting Information:

Domain Name: spresfx.com
Registrar: GoDaddy.com, LLC
Registration Details:Registered On: September 13, 2022
Expires On: September 13, 2024
Updated On: November 25, 2024
Registrar Status: PendingDelete (indicating the domain is set to expire soon and may be deleted)
Domain Status: PendingDelete status is often used when the domain is about to be deactivated, which could signal that the scam is planning to move to a new domain or shut down entirely.
Name Servers: Not specified, but the scam site is likely hosted on a network of anonymous or offshore servers to avoid detection.
Scammer’s Tactics:

Fake Forex Platform: The scammers set up a fraudulent website claiming to be Spreadex.com, a well-known Forex trading platform. They likely used the name of a legitimate company to gain the victim’s trust.
High-Pressure Tactics: After enticing the victim with initial profits, the scammers demanded large additional payments, claiming the funds were necessary to access profits or continue trading.

Ongoing Scam Activity: The victim is still actively communicating with the scam platform, indicating that the fraudsters are using psychological tactics to keep the victim engaged. They may be threatening the victim or using false promises of profit to extract further funds.

Recommendations:
Cease Communication with the Scammers: The victim should immediately stop all communication with the scam platform and block any contact from them. The scammers may try to use further threats or promises to encourage the victim to send additional funds.
Report the Scam: The victim should report the scam to the relevant authorities, including the FBI’s Internet Crime Complaint Center (IC3), local law enforcement, and any regulatory bodies such as the Commodity Futures Trading Commission (CFTC), which oversees Forex trading.

Contact Payment Providers: If any funds were transferred via credit card, wire transfer, or cryptocurrency, the victim should contact their payment providers immediately to report the fraud and attempt to reverse the transaction.
Warn Others: The victim can help prevent further scams by reporting the website spresfx.com to ICANN, GoDaddy, or other domain authorities. The victim should also share their experience on online scam awareness platforms, such as Reddit, Trustpilot, or BitcoinTalk, to warn others.

Investigation of Wallet Addresses: The scammer’s wallet addresses (0xBebC3aAc44CbF339fE1d4E7a225E8d8d40244BEA, 0x78A23ECf532d6600313A146c91F43925f072ebce, etc.)

should be tracked on Etherscan or another blockchain explorer. This could provide insight into where the stolen funds have been sent and potentially help identify other victims or related scams.

Conclusion:
The spresfx.com scam is a Forex investment fraud targeting individuals with high-pressure tactics and promises of large returns. The victim has already lost $693,208, with scammers continuing to demand additional funds. It is critical for the victim to cease communication with the fraudsters, report the incident to authorities, and track the wallet addresses to recover the funds or potentially trace the scammers.