Jul 2021 - Dogecoin Investment Platform Scam Biggy437 - $15k (Global)

"I had 95k doge and got scammed 4 weeks ago for 75k dogecoins . Then I sold 20k of doge to cover my loss in the scam . Now roughly have 5k left of Dogecoins . Going to hold onto them for dear life."

"holding 5k of doge since early 2020"

"It was not like on of those scams . It was a investment scam 10% return for one month 15% for 3 Months . It was stupid to trust a website like that. Any way to track the doge to a exchange ?"

"I got scammed from a fake website . I know how to check on etherscan for eth. Seems like I can’t do it on dogechain"

"Hi I want to know if it’s possible to track a wallet address to a exchange. I have been scammed and my Doge are still in the scammers wallet. I want to inform the exchange that the Doge get sent to."

"It is known exchanges protect scammers identity so in sense they are protecting there clients . Why do you think scams are so prevalent in crypto. Most scammers will never really cash out and most of there money is in crypto so it’s a big win to the exchanges . They send back limited information and do not respond in a timely manner to stop victims crypto being sent through another exchange . I believe these things would not happen so often if Coinbase invested more into customer service."

"[T]he police have not been able to help due to lack of knowledge."

"I have yet to hear back . They said they are investigating and do not reply after a week . I will be looking into this with a crypto tracing company to o recover ."

"Yes. I think thats why they don’t care because there are so many people getting into transaction issues like scams and mistakes that they can not control. I think customer service needs to be updated on coinbase to handle situations like this . I don’t think I will get it resolved for a few months . Binance has not been helpful to me when asking for assistance. I hope they don’t charge me fees as this is not stated in terms and conditions."

"I have nothing left in this world and to be honest most help I have got has been lead to dead ends ."

Further Analysis

Biggy437 reports they were convinced to send 75k of dogecoin to an investment platform which promised a 10% return per month. They were unable to retrieve their funds. They reported the theft to law enforcement and on Reddit. They do not appear to have had any luck with law enforcement.

How Could This Have Been Prevented?

More Cryptocurrency Exchange Hacks/Scams/Frauds

EZWebx Scam Exchange jonathan0402 > > < < ThorChain ETH Router Flaw

Sources/Further Reading

t.me/QuadrigaInitiative

/r/QuadrigaInitiative

@QuadrigaInit

info@quadrigainitiative.com

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