A victim recently fell prey to an elaborate cryptocurrency scam orchestrated through the website Keyrockcorp.com. The scam began innocuously enough with a connection made through Facebook, where the victim was contacted and lured into a trading cycle promising high returns. However, what seemed like a legitimate opportunity soon turned suspicious, leading the victim to realize that they were being scammed.

The Red Flag
The scammer initially promised that the victim’s investments would undergo a 21-day trading cycle, during which the funds would supposedly grow. The victim was instructed to pay a 25% fee for the release of the funds once the cycle was completed. The substantial fee and the promise of easy gains were red flags, but the victim was initially reassured by the smooth-talking fraudsters.

The victim almost went through with a total payment of $125,000, but something triggered their suspicion just in time, preventing further loss. After further reflection and some research, they discovered that they had already lost a total of $132,129.

Transaction Details
The scammer requested multiple cryptocurrency transfers over several days. The victim complied, making payments that were transferred to the same wallet address. Here are the transaction details:

04 Aug 2024: 0.1688 BTC, 06 Aug 2024: 0.3516 BTC, 08 Aug 2024: 0.1483 BTC, 16 Aug 2024: 1.2317 BTC, 21 Aug 2024: 0.4084 BTC; all to a cryptocurrency address bc1qwxap6cljzx4cvv0gaykukur6fyc9vv0kl7s29j
These transfers, totaling approximately 2.3088 BTC, were made to the same address, linked to fraudulent activities.

Domain Information
The website Keyrockcorp.com was registered on March 7, 2024, with a one-year registration, set to expire on March 7, 2025. The domain is currently in a clientHold status, which typically indicates a restriction placed by the registrar due to potential fraudulent activity or disputes. The registrar for the website is Name SRS AB, and the name servers are cdns1.main-hosting.eu and cdns2.main-hosting.eu.

The website’s registration and domain information further suggest that the scam was well-organized, with the fraudsters taking precautions to mask their identity and avoid detection.

Conclusion
The victim was fortunate enough to recognize the scam before any further funds were lost, but they still suffered a significant financial loss of $132,129. The case highlights the risks involved in online cryptocurrency trading, especially when contacted by strangers on platforms like Facebook. The promise of guaranteed returns and the urgency created by fake trading cycles should always be treated as major red flags.

Potential investors are advised to exercise extreme caution when dealing with unfamiliar platforms and individuals online. Always verify the legitimacy of any trading or investment platform, and never feel pressured to pay large sums of money without doing thorough research.