Investment Scams

Crypto Fraud Alert: Digital Wallet World Steals 1.02329 BTC

Prakash M
Participant

    Scam Details:
    Digital Wallet World operated an investment scam, soliciting funds from victims under the guise of legitimate cryptocurrency investments. The fraudulent activity was tied to the following wallet addresses:

    bc1qqgf7h33y6ztvyhd07vzzmpp3s77p2q44saxv9m 📋
    bc1qdurgkg79qa6dp649uhy8garm6htwskn07sqhpx 📋
    1CP3kowLmcktCKajNNUWtpwCfjNFLtbZC2 📋
    bc1qryvvn5a9q7qlzhxs6wf3c80j4e0qlc7kndxq0h 📋
    The scam led to a significant financial loss of 1.02329 BTC ($20,000), with no means to recover the investment or realize the promised returns.

    Domain Information Analysis:
    Domain: digitalwalletworld.com
    Registrar & Name server: Gname.com Pte. Ltd
    ISP:EGIHosting.
    Registration Details:Registered on March 17, 2024.
    Set to expire on March 17, 2025.
    Last updated on May 4, 2024.
    Registrant Contact:State: Guangxi
    Country: China
    The use of international hosting services and a short domain registration period indicates a strategy designed for quick scams before detection.

    Recommended Actions:

    Report to Exchanges:
    Notify cryptocurrency exchanges where the BTC was sent from, providing wallet addresses and transaction IDs to help monitor and flag suspicious activities.

    Engage Law Enforcement:
    File a report with local authorities or cybercrime units, sharing all evidence, including wallet addresses, domain details, and communication records.

    Seek Legal Counsel:
    Consult with legal professionals specializing in cryptocurrency fraud to explore recovery options or litigation.

    Track Wallet Activity:
    Use blockchain monitoring tools to receive alerts for any activity involving the identified wallet addresses.

    Strengthen Security:
    Ensure all remaining cryptocurrency assets are secured in well-protected wallets and adopt best practices to prevent future compromises.

    Public Awareness:
    Share the experience on cryptocurrency forums, scam alert websites, and social media to warn others about Digital Wallet World.

    Conclusion:
    Digital Wallet World exploited the victim by masquerading as a legitimate investment platform, leading to a loss of $20,000 (1.02329 BTC). Immediate reporting, blockchain monitoring, and raising public awareness are essential steps to address the scam and mitigate further victimization.

    Reply To: Crypto Fraud Alert: Digital Wallet World Steals 1.02329 BTC
    Your information:




    Scroll to Top