Is Alphabanc A Cryptocurrency Scam? Read Our Assessment
Alphabanc.com.au presents itself as a legitimate cryptocurrency trading platform, offering services related to cryptocurrency and Non Fungible Tokens (NFT). However, after conducting a thorough investigation, Cybertrace has identified Alphabanc as a fraudulent operation designed to deceive investors.
If you have engaged with Alphabanc, or have been a victim of their scam, you need to act quickly and seek assistance from a professional investigation company like Cybertrace. We have gathered evidence of the individuals behind this scam and can help guide you through the next steps to protect yourself and take action.
Cybertrace Investigation
As of 27 May 2024, the website Alphabanc.com.au was active, and we visited it to assess its likely legitimacy. A few aspects immediately stood out that raised our concern.
- No Contact Details Listed
Despite claiming to offer trading services, Alphabanc did not provide any email address, phone number, or verifiable company details on its website. This lack of transparency is a huge red flag for potential investors.
- No Contact Form
The only method of communication on the website was through a contact form, which we submitted during our investigation. However, no response was received, further raising suspicions about the site’s intentions.
- Contradictory Addresses
The website lists two physical addresses. One in Dublin, Ireland, and another in London, UK. But it was noted that the website operates under a .com.au domain which implies that it’s an Australian-based operation. Our investigation confirmed that the Irish address is associated with U.S. Bank Global Fund Services and the London address links to several well-known financial entities such as Goldman Lampe Private Bank, National Australia Bank, and Lombard International. None of these legitimate entities have any association whatsoever with Alphabanc, which indicates the use of misleading information to create false credibility.
- Lack of Regulatory Oversight
The Alphabanc’s website lacked reference to licensing and did not mention regulatory authorities which is a major red flag sign for a cryptocurrency investment platform. Legitimate financial service providers are regulated and provide details about their licensing and compliance on their websites.
- KYC Policy
On their KYC (Know Your Customer) page, Alphabanc states they do not accept U.S. citizens. This is a tactic frequently used by fraudulent cryptocurrency websites to avoid scrutiny from authorities like the FBI, which is known to investigate and prosecute investment scams targeting U.S. investors.
Connections to Other Known Fraudulent Websites
Cybertrace’s investigation identified that the content and structure of Alphabanc’s website are like that of rock-coins.net, a known fraudulent investment platform previously exposed by us. In particular, the website header layout, FAQ section, and contact page of Alphabanc are almost identical to rock-coins.net. Even more concerning is that the login button on Alphabanc redirects users to the subdomain cfd.alphabanc.com.au, which mirrors the design and content of cfd.rock-coins.net, except for the logo. This indicates that Alphabanc is likely using the same fake trading platform as rock-coins.net.
What You Should Do if You Have Been Scammed
If you have engaged with Alphabanc and suspect you may be a victim of their scam, you need to act quickly. Cybertrace has compiled substantial evidence linking Alphabanc to fraudulent activities, and we can assist you in identifying the perpetrators and gathering the information necessary for reporting the crime to the authorities.
How Cybertrace Can Help
Cybertrace specialise in cyber fraud investigations and can assist victims in multiple ways:
- Gathering Evidence: Our team has collected evidence about Alphabanc’s operations, including connections to other fraudulent cryptocurrency platforms and the likely individuals involved. This information can be used to report the scam and pursue legal action.
- Investigation Services: If you have interacted with Alphabanc or other similar cryptocurrecny platforms, we can investigate further to identify more information about their operations and who is behind them.
- Next Steps: Once we identify the scammer, we can guide you on the best course of action, including reporting the crime to the relevant authorities and seeking legal advice.
Our Assessment
Alphabanc.com.au is a cryptocurrency scam, and those behind it are operating with the intent to deceive investors. If you have lost money or suspect fraudulent activity, contact Cybertrace immediately. Our team has the tools, experience, and evidence to help you fight back and hold the scammers accountable.
For more information or assistance, visit our website or contact us directly. Don’t let these scammers continue their deceptive practice. Take action now!
