We received a complaint regarding the website xai-token.app/presale/. The complainant, who had been meticulously saving money over the past three years, intended to use these funds to alleviate a substantial debt incurred for stem cell therapy, totaling $20,000. Unfortunately, this individual fell victim to a scam, losing $5,427.52 worth of Bitcoin in a single transaction.

The complainant, employed as a teller at a credit union, finds an ironic twist in their professional experience juxtaposed with this personal financial loss. The transaction was sent to the receiving address bc1qevpp883tf3txhcf7y9er634fxyyhc8pct3jy4x, marking the culmination of a deceitful operation under the guise of a token presale.

Receiving Address: bc1qevpp883tf3txhcf7y9er634fxyyhc8pct3jy4x

The receiving address bc1qevpp883tf3txhcf7y9er634fxyyhc8pct3jy4x has been identified as the recipient of several transactions, aligning with the complaint we received about the scam associated with the Xai Presale. According to the transaction details, this address received a total of 0.1164 BTC, approximately $7,911.94 USD.

Breaking down the transactions, on July 22, 2024, at 22:02:43 UTC, a significant deposit of 0.08 BTC, worth $5,410.80, was made to this address. This transaction is directly linked to the complainant’s report, as they mentioned losing $5,427.52, which corresponds to the fluctuating value of Bitcoin. The transaction hash for this deposit is 2718edf77c480c08d7bd6568683c8f9169f606d25b30991552c505745a4574f9, confirming the exact match with the complaint details provided.

Additionally, earlier on the same day, the address received 0.0214 BTC, valued at $1,452.63, and on July 21, 2024, it received 0.015 BTC, equating to $1,015.85. These transactions and the complainant’s funds highlight a pattern of accumulating Bitcoin from various sources, a common trait of scam operations attempting to amass cryptocurrency quickly before disappearing.

The confirmation of these transactions and the amounts received substantiate the complainant’s report and point toward a fraudulent operation designed to siphon funds from unsuspecting investors. The alignment between the transaction records and the complaint details confirms that this address is actively involved in the scam, making it a crucial piece of evidence in exposing and understanding the fraudulent activities associated with the Xai Presale.

Domain Analysis: xai-token.app

The domain xai-token.app, associated with the alleged scam, presents several red flags that align with fraudulent activities. Registered on July 18, 2024, through NICENIC INTERNATIONAL GROUP CO., LIMITED, this domain is notably new, which is often a characteristic of scam websites designed to exploit trends quickly before being flagged or shut down. The registration details provide limited transparency, such as the registrant organization listed as sammeraahPA and the state specified as Zurich in Switzerland. Privacy protection measures, including the redaction of personal information, are standard for many legitimate sites but can also obscure accountability in the context of scams.

Hosting by Cloudflare, Inc. provides some credibility, given Cloudflare’s widespread use for security and performance optimization. However, many malicious actors also utilize Cloudflare’s services to mask the origin of scam websites. The site’s IP address, located in Toronto, Canada, and the use of well-known name servers like martin.ns.cloudflare.com and thea.ns.cloudflare.com, further obscure the true origin of the site.

SEO and traffic analysis reveal negligible organic and paid search traffic, typical for a new site. The lack of significant backlinks and keywords suggests that the site has not yet established a substantial online presence, which can be interpreted as either a new legitimate project or, more likely, a nascent scam site.

The presence of backlinks from sites like aimarketingshowcase.com and conservativeinvestingnews.com, both associated with promotional content, indicates efforts to create a facade of legitimacy and attract potential investors. However, the low number of referring domains and the nature of these backlinks highlight a lack of organic credibility, pointing towards coordinated promotional efforts typical of scam operations.

Xai-token.app Review

The website xai-token.app/presale/ promotes a presale for the xAI token, promising up to 200% bonus returns for early investors. The site features a sleek design with high-quality graphics, including a prominent image of a futuristic robot, which aims to convey a sense of cutting-edge technology and innovation. Using various cryptocurrency logos such as Bitcoin, Ethereum, BNB, XRP, USDT, ADA, and DOGE suggests that the platform accepts a wide range of digital currencies, enhancing its appeal to potential investors.

The content claims that xAI is an innovative project intersecting cryptocurrency and artificial intelligence, purportedly spearheaded by Elon Musk, a high-profile name that adds a veneer of credibility. However, there is a conspicuous lack of verifiable details to substantiate these claims. No concrete information about the team behind the project, the company’s physical address, or direct contact details such as phone numbers or email addresses is provided. The absence of this critical information raises immediate red flags.

Additionally, the site’s terms and conditions, privacy policy, and regulatory compliance information are either missing or insufficiently detailed. This lack of transparency is a common trait among scam operations, which often exploit the anonymity provided by the internet to defraud unsuspecting investors.

While alluring, the presale structure and bonus system follow a typical pattern of Ponzi schemes where early investors are enticed with high returns, often unsustainable and indicative of fraudulent intentions. The high-pressure sales tactics, such as countdown timers and limited-time offers, are designed to create a sense of urgency and compel quick investment decisions without thorough due diligence.

Xai-token.app Reviews

Multiple sources have flagged the website xai-token.app as a probable scam. A search through Google and various review platforms reveals a consistent pattern of red flags and warnings from users who have encountered the site.

On ScamAdviser, the website is scrutinized, and its legitimacy is questioned due to its recent creation and lack of verifiable details. The site’s domain was registered only a few days ago, on July 18, 2024, which aligns with typical scam behaviors where new domains are created to lure investors quickly.

Reddit users on the r/CryptoScams subreddit have also expressed concerns about the site. One user, WHOIS__bot, highlighted the site’s recent domain creation date and noted that it was only three days old at the time of the post, often indicative of a scam. Another user, tokentrace, pointed out the lack of information about the team behind the project and the dubious claim that the project is spearheaded by Elon Musk, which are significant red flags. One comment succinctly stated, “Red Flags all around. Stay away!”

InvestReviews.com also conducted an analysis, concluding that the site presents several red flags commonly associated with fraudulent operations. They noted issues with users being unable to withdraw their funds, a hallmark of scam websites that aim to collect deposits without intending to provide any legitimate return.

User-generated content on platforms like YouTube also sheds light on the skepticism surrounding the site. Videos with titles like “xAI49k and xAI96k are probably Scams!” and comments cautioning viewers to be careful reinforce the growing sentiment that xai-token.app is not to be trusted.

Complaints We Received

One of our complaints involved a user attempting to swap Bitcoin for AI crypto tokens on the site xai-token.app. The user was enticed by the promise of up to a 200% bonus and a limited-time offer to join the presale. The transaction was initiated from Coinbase, transferring $5,427.52 worth of Bitcoin. Despite the successful transaction on Coinbase, the funds were never acknowledged by xai-token.app, even after six hours. Attempts to contact Coinbase for assistance proved futile as they could not intervene. Efforts to reach the site’s customer service were equally unproductive, leaving the user feeling lost and financially devastated, with everything they had disappearing instantly.

Another complaint described a similar experience, where a user attempted to purchase presale tokens on the xai-token.app. After completing the transaction of $993.83, the user expected to be redirected to set up their wallet. However, the screen simply refreshed, and the transaction was not processed. The user is now attempting to track down the wallet to recover the lost funds, but their efforts have been unsuccessful.

The Bottom Line Regarding xai-token.app

After a thorough analysis of xai-token.app, encompassing receiving address scrutiny, domain analysis, scam review, user feedback, and direct complaints, it becomes evident that this site operates with many red flags typical of fraudulent schemes. The website’s recent creation, lack of transparency, unsubstantiated claims of high-profile endorsements, numerous user complaints of unfulfilled transactions, and non-existent customer support all point towards a scam operation. The substantial financial losses reported by users further substantiate this conclusion.

Therefore, it is strongly advised to avoid engaging with xai-token.app and to exercise extreme caution with similar cryptocurrency presale offers.