Scam Name: We-Bull.Help Cryptocurrency Scam

Calculated Amount Lost: $2,000 USD
Scam URL: we-bull.help

Victim Description:
The victim was contacted via Telegram and eventually added to a group chat, where they were persuaded to send ETH to a specified address as part of a cryptocurrency transaction. The funds were then allegedly processed on the we-bull.help platform, where the victim was shown multiple transactions involving ETH, Bitcoin, and USDT. The scammers returned some of the initial funds to build trust but demanded an additional $3,000 USD before releasing the remaining funds, which is a common tactic in scams.

Scam Tactics:
Telegram Contact:
The scammers reached out to the victim on Telegram, a platform commonly used by fraudsters to initiate contact and gain trust.

Group Chat Manipulation:
The victim was added to a group chat where the scammers created an illusion of legitimacy and social proof to convince the victim to proceed with the transactions.

Fake Transaction Activity:
The scammers manipulated the victim by showing cryptocurrency movements (ETH to Bitcoin to USDT) on the we-bull.help website, giving the impression that their funds were being processed.

Partial Refund for Trust:
The scammers returned a portion of the victim’s funds to build trust and encourage further transactions, a tactic designed to make the victim believe the process was legitimate.

Additional Payment Demand:
The victim was told they needed to send an additional $3,000 USD for the release of their remaining funds, a classic scam tactic to extract more money.

Cryptocurrency Address Involved:
0x65c3f52d56601f8d5e2bd597756d515d168aabbe

This address was used to receive the victim’s funds. Tracking it through a blockchain explorer may provide insights into the scam’s scope or identify other victims.

Domain Information:
The domain we-bull.help was registered on November 18, 2024, with NameSilo, LLC as the registrar. It has been set to expire on November 18, 2025. The website employs DNS Owl for name servers and is protected under serverTransferProhibited and clientTransferProhibited status, indicating that the domain is locked to prevent alterations or transfer.

Domain: we-bull.help
Registrar: NameSilo, LLC
Registered On: November 18, 2024
Expires On: November 18, 2025
Updated On: November 23, 2024
Status: serverTransferProhibited, clientTransferProhibited
Name Servers:ns1.dnsowl.com
ns2.dnsowl.com
ns3.dnsowl.com

Scam Overview:

The we-bull.help scam utilized Telegram to contact and manipulate the victim into sending ETH to a specific address. After showing staged transactions and returning a portion of the funds to establish trust, the scammers demanded an additional $3,000 USD for the release of the remaining funds. This tactic is commonly used by fraudsters to extract as much money as possible before ceasing communication.

Recommendations:
Report the Scam:
The victim should report the incident to local authorities, the Federal Trade Commission (FTC), and the Internet Crime Complaint Center (IC3). Reporting can help authorities investigate the scam and prevent further victimization.

Track Blockchain Transactions:
The victim should use a blockchain explorer to trace the cryptocurrency address 0x65c3f52d56601f8d5e2bd597756d515d168aabbe. This may help reveal the movement of funds and possibly identify linked scams.

Stop Communication with the Scammers:
The victim should cease all communication with the scammers to avoid further manipulation or loss. Blocking the scammers on Telegram and any other platforms is essential.

Monitor Accounts:
The victim should closely monitor their cryptocurrency wallets and financial accounts for any unusual activity. Prompt action should be taken if unauthorized transactions are detected.

Consult Legal and Cybersecurity Experts:
The victim may consider consulting a lawyer specializing in cryptocurrency fraud and a cybersecurity expert to understand recovery options and improve security measures.

Raise Awareness:
Sharing the victim’s experience on scam-reporting platforms like Scamwatch, Trustpilot, and Reddit can help warn others about we-bull.help and prevent further scams.

Conclusion:
The victim was scammed out of $2,000 USD through we-bull.help, a fraudulent cryptocurrency platform. After being contacted on Telegram and manipulated through staged transactions, the victim was asked to send an additional $3,000 USD for fund release. Immediate actions such as reporting the scam, tracking the cryptocurrency address, and consulting legal professionals are recommended to mitigate losses and prevent further harm.