We need to talk about a dangerous scam involving the website Coinwyie.com. This fake trading platform demanded a 25% tax payment upfront before releasing cryptocurrency funds. They tricked their victim into sending payments, claiming the money was necessary to access their investment. The scammers cashed out through OKX, making it harder to track the stolen funds.

The client reported a total loss of $70,000. The scam started with promises of investment gains but quickly escalated into fake fees. The scammers pushed hard, even convincing the victim to involve a friend to cover costs. It’s clear these people use emotional pressure to get what they want.

We dove deep into this case at CNC Intelligence. We traced multiple transactions, identified cashouts, and prepared a detailed report for further action. We provided the victim with critical tools to file reports with law enforcement. This kind of investigative work is key to stopping these scams in the future.

If you’re wondering, yes, this is 100% a scam. The fake tax demand is a classic red flag. No legitimate platform requires upfront fees to release funds. We’re sharing this story to warn you and others about how these scams work. If you’ve seen anything like this or have been approached by Coinwyie.com, take action fast. Scammers thrive in the shadows—let’s shine a light on them.

Stay alert and always verify where your money is going.

How Owallet.com Cost a Victim $50,000 in an Investment Scam

When you’re promised easy profits, it’s tempting to believe. That’s exactly how scammers behind owallet.com trapped their victim. The website appeared professional, convincing, and full of promises. It persuaded someone to invest $50,000, using cryptocurrencies like XRP and USDT. The funds flowed, but the returns never came. Instead, the victim faced silence, excuses, and demands for more money. If you’ve dealt with owallet.com or received communications from any of its representatives, take action immediately.

This case tells a cautionary tale. The victim trusted the scammers and even shared personal KYC details, thinking it was a standard process. Transactions spanned multiple days, and everything seemed legitimate—until it wasn’t. By the time they realized the truth, their money was gone, and they were left searching for help.

That’s where we stepped in. CNC Intelligence worked on this case, investigating the transactions and identifying traces to follow. We analyzed data, reviewed the evidence, and completed three cryptocurrency traces. This provided a clear picture of how the scam operated. Our investigation armed the victim with actionable insights to pursue further steps with law enforcement.

Scams like this play on emotions. They create urgency and promise life-changing outcomes. But when promises turn to losses, relief feels distant. We want you to know there’s hope. If you’ve encountered owallet.com or a similar scam, reach out. By understanding the signs, tracing the funds, and acting quickly, you can regain control.

Yes, this was a scam. The fraudulent domain, the unreturned funds, and the victim’s story make that clear. We’ll continue exposing scams like this to protect others. If you’ve faced something similar, share your story. Together, we can uncover the truth.

Trapped by IOECoin.com: How to Spot and Stop Bitcoin Scams

You hear about crypto scams, but it feels different when it happens to you. Someone transferred Bitcoin from Robinhood to a wallet connected to the scam site ioecoin.com. The wallet looked legit. It wasn’t. Their funds, worth $11,000, vanished. Traces of these transactions led to cashouts on OKX. The cryptocurrency address linked to the scam, critical for any investigation, revealed where the funds flowed.

At first, there was panic and disbelief. Losing that much money is more than financial—it’s emotional. But there’s hope. We investigated the case and traced three key points of transaction. This helped identify where the stolen Bitcoin went. The process involved analyzing movement and uncovering how scammers launder funds.

This scam reinforces why verifying wallet legitimacy is critical. Scammers prey on trust. Websites like IOECoin mimic real platforms to lure people. They promise security but deliver losses. If you’ve interacted with ioecoin.com, take immediate steps to secure your remaining assets and report suspicious activity.

This is a scam. No question about it. Sites like IOECoin are traps. They rely on deception, taking your money and running. But we’re here to help. If you’ve fallen victim, know that tracing these transactions can still expose the scammers. Sometimes, shining a light in the right places is enough to make a difference.

How Provesterlite Scammed $69,340 and Left False Promises

The website Provesterlite.com—formerly known as Pro-Vester.com—lured victims into its trap using deception and false hope. Scammers convinced their targets to send Bitcoin to external wallets, promising massive returns. One scammer pretended to be Brandon Roland, guiding every step through WhatsApp. When funds grew, a fake manager demanded a $28,400 fee on official-looking Chase bank letterhead. Another individual, claiming to help, extorted even more money through wire transfers and false FedEx claims. Crypto wallet addresses, screenshots, and fraudulent documents back these events, proving this was no accident but a well-planned con.

This nightmare started in May 2024. The victim, desperate to recover her savings, even sold part of her home equity. Each time she thought her funds were coming back, scammers added new hurdles. Videos of people “happily receiving money” and fake tracking numbers on FedEx labels tried to make it all seem real. But when FedEx “required crypto payments,” the scam’s reality became clearer.

We understand how devastating it feels to fall for scams like these. CNC Intelligence reviewed the evidence and traced transactions across major exchanges, including Coincola and Binance. The detailed investigation gave law enforcement clear leads to pursue.

If you’re wondering whether this is a scam, let us be clear—it is. The layers of deceit, fake documents, and relentless extortion leave no doubt. Whether you’ve encountered Provesterlite.com or others like it, remember you’re not alone. We’re here to help investigate, trace, and recover where possible.

Beware of Bitoneapp: The $150,000 Scam Story

When we first heard about Bitoneapp.com, it was clear something wasn’t right. The scam started with promises of big profits and quick gains. But when it came time to withdraw the funds, the nightmare began. The scammers demanded repeated “risk value refundable tax” payments. The victim, trusting the process, paid $45,000 and $29,000. Then they asked for another $60,000, claiming the account’s “risk value” needed lowering before a withdrawal could happen. Their emails came from mail@bitoneus.com, and they threatened to freeze the account if the payment wasn’t made.

We worked on this case and traced over ten transactions involving Bitcoin, Ethereum, and USDC. The total loss? A staggering $150,000. Our investigators prepared a full report, including a detailed timeline and the scammer’s communication patterns. We also helped the victim contact the Brampton Police and RCMP in Canada.

If you’ve been contacted by Bitoneapp or similar platforms, beware. Their tactics include fake profit displays, high-pressure tax demands, and threats of account freezes. This is a scam. There is no chance of recovering funds by paying them more. We urge you to stay alert and avoid falling for their tricks.

CNC Intelligence helped uncover the full extent of this operation, documenting every detail and tracing the money trail. If you’ve been affected by this scam or a similar one, reach out. We’re here to help.

We want to warn you about a troubling case involving the website bnextrade.com (also accessible at bnex.cc). The scammers behind this platform lured their target using personal charm, posing as an approachable Asian woman eager to teach cryptocurrency investments. The victim made two payments through Coinbase, totaling $35,000, which were transferred to the scam’s addresses. Investigators traced one payment to a cash-out at OKX and found another amount still held in a wallet.

The scammers used a romance-like approach to gain trust, promising quick profits through their fake platform. These tactics often manipulate emotions, making it hard to spot the red flags. The case highlights the use of polished communication and fraudulent investment sites to steal funds.

CNC Intelligence played a key role by analyzing transactions, tracing the funds, and preparing a detailed report for law enforcement.

This situation reminds us to stay cautious, especially when someone online encourages you to invest. Always verify platforms before transferring money, and keep an eye out for signs of emotional manipulation. Remember, real opportunities don’t require trust based solely on words. If you’ve been targeted by a scam, let us know. We’re here to help.