The Coin Trust scam. Cybertrace’s experienced investigators are issuing an urgent warning about the fraudulent website www.thecointrust.com, another sophisticated forex trading scam. This website should not be mistaken for www.cointrust.com, a website that provides cryptocurrency news, ICO reviews, and reports. We have also identified that www.thecointrust.com is linked to the known scam website, Tradevexo and is operated by the same criminal syndicate.
After recent investigations, Cybertrace analysts have brought to light important new information about how the fraudsters running The Coin Trust scam trick their victims into handing over thousands of dollars.
If The Coin Trust scammers have already cheated you out of your hard-earned money. Contact our experienced fraud investigators today to discuss how we can help. But first, let’s look at how the scam works and what tell-tale signs our expert analysts look for.
How does The Coin Trust Scam Work?
The Coin Trust scammers follow a common pattern. They entice unsuspecting targets onto their website, to sign up and register an account with a small initial deposit. Next, they build false trust by making their victims believe that they are quickly multiplying their initial investment and pressure them to “invest” more and more money. It’s only when victims try to cash out their supposed “profits” that the fraudsters reveal their cloak-and-dagger tactics, either ceasing contact or demanding further “taxes” or “fees”. Needless to say, these are just additional lies to extract further money from the victims.
How do you know The Coin Trust is a Scam?
While our expert analysts have access to sophisticated website forensics and online tracking tools, there are some things everyone can look out for to protect themselves and their families. These are some of the red flags Cybertrace identified regarding The Coin Trust website.
Unlicenced and Unregulated: Any genuine trading or investment company will list where and by whom it is licensed and regulated. An address on The Coin Trust website indicates an office location in Switzerland. The website also states it is operated by the company, SPT Media LLC with an address in Saint Vincent and the Grenadines.
To operate out of Switzerland and provide financial and investment services, requires registration with the Swiss Financial Market Supervisory Authority (FINMA).
Searches of the official FINMA search portal confirmed that SPT Media LLC is unlicensed.
Nameless and Faceless: While legitimate brokers put their names and face to their work, The Coin Trust scammers hide in the shadows. Their website provides no information about who owns, runs, or works for the company. Equally, there are no genuine current social media accounts for the company, nor can any employees be found on LinkedIn. Our expert analysts know that any legitimate companies would be taking advantage of the free advertising provided by social media!
The Coin Trust website states “Trust Us, You Can Trade Everything” on its homepage, despite the website saying it should be trusted, this is not enough, and this website should be avoided at all costs.
Does The Coin Trust Operate Alone?
Cybertrace’s expert forensic website investigators have identified The Coin Trust as being potentially linked to a long list of other websites including Tradevexo, and for this reason, have decided to issue a mass scam alert. We are hereby warning the public against doing any business with the following brands/websites as we believe they are highly likely to be scams. Cybertrace has been contacted by victims regarding many of the websites below and we are aware that hundreds of thousands of dollars have already been scammed.
Please note we have not independently investigated and verified every single website as a scam. Our analysts believe several of the websites listed below could be legitimate. However, we have strong reasons to believe that the vast majority of these domains are linked to fake crypto and forex trading scams.
If you have already been the victim of fraud, don’t hesitate to contact our experienced team of investigators today to see how we can help. Don’t be embarrassed or ashamed – Cybertrace is here for you!
The below list of websites is linked to the same criminal syndicate as The Coin Trust. Should you have been scammed by any of the below websites, please contact us to determine whether we can assist you.
tradevexo
bithebank
anycoincapitla
bitech-max
plazma-new2
gulfmarketing
purecryptonic
qa-whrpv
midsidefinances
swisscapital
x-fortunes
ethertrust
monafoli
template7
nullivo
crown-business-solutions
polotrade365
pixtrade
citigroupglobalmarkets
eshmor
xeprimeeu
planetinvestlimited
mandevilleconsultanslimited
migmarkets
promarkets
btcapitals
asp
legacyae-redesign
zetahedge
qa-protopv
qa-cashier
dalefoxlimited
solismarkets
allcryptocapital
gprs
investurk24
meyarltd
expert-financial-solutions
xeprimeint-website
icontrade
duvaro
tradereducation
melioratelimited
eamarcapital
allcryptomarkets
geniesolution
united-asset-finance
bitzha
unitradeswiss
legacyfx-newredesign
paytiko-live-cashier
financeandcurrency
whrpv
alpha-capitals
blake-finance
coinstrades
tgmfx
tradingclub
legacyby-redesign
plusteck
fxmtrader
italiantrades
portal-vc-global
24era
homefx-plus
gccfx qa
fine-investments
alltradingmarkets
enterpriselondonltd
gccinvests
datum-finance-limited
lyndonfinancelimited
ahre
saudiinvesting
plazma-new4
supremecapital
toprofit
allnewtechltd
acm-paytiko
xprestrade
arabco
ncapitalgroup
oraclereports
tradevexo
yrpmdia
adbfx
instantmarkets
phoenix-fr
xeprime
vigo
dev-cashier
apiuplode
ftmtrade
payvia
emergingmarketsgroup
xeprimeint-lp
voximarkets
lexingtonplus
mwctradingltd
cryptoneyx
cbdinvestment
ezinvest-jp-qa
injazcapital
capitalmarketsstrategy
financialfocusltd
bitsterzio
central-financial
xeprimeeu-lp
snpinvestments
ethprofits
uipv
brighterfieldstrade
libreholdings
polarbtc
virtufinance
profitechx
capitalaccessgroup
apexchange24
mmapi-xeprime
mobatrade
medifinancelimited
sndoqinvest-saudi
aurora
backups
qadev-site
elwasatah
burjaltadawul
marparkltd
vc-global
capfins
klmfx qa
cashier
plazma-mfi
plazma-new3
saudiarabiainvestmentfund
plazma-new5
plazma-gcc
legacyfxae
alriyadh
alawwalcapital
sagatrade
mahfazainv
costulfix
ib-finanzas
eibank
igphoenix
migotrade
trust-financial-planning
millenniumspecialist
swissmarketfx
onirofx
legacyfxby
ttstrading
arbahgcc
paymentservice-qa
hightrustcapital
goldenhawkgroup
btc-convert
inbestial
ezinvest qa
paytiko-qa-cashier
corepv
bullcfds
pspintegrations
stockhome
btc-trad
sptoro
ualgo
injaz-capital
davyfinancial
allglobalfin
lamellefinancialconsultants
tanmya-invest
24icapital
winbitx
rallymarkets
qa-uipv
gcblondonltd
cfdtrades
legacyfxcoza
website-qa-cashier
activtradee
webtrader-qa
itqantrade
sandbox
esnad
phoenixmarkets
xeprimeeu-website
almal-capital
fxalta
oriontero
corpusfx
adbislamic
alkhabeercapitals
paytiko-website
cupiro
jadwa-inves
paymentservice-qa
hedgestoneassets
paytiko
atlanticallianceltd
alfabtc
voytegon
legacyfx
tradingcoast
coinberry
blacklandsfin
bitopps
sierrafinancials
ezinvestjp-qa
investments-hk
currenxro
richardsonlewis
tradexfininv
brycemgmt
epicinvest24
capitalsinvestment
legacy-qa-cashier
bluecointrade
plazma-new1
legacyfxeu
legacy-live-cashier
int-xeprime
12trader
bit1md
aguventures
nftvisionfx
invexeo
tradevtech
paymentservice-qa
kronox
martynservices
tradevexo
If you’ve been a victim of any websites listed above, please contact Cybertrace today to speak to one of our expert investigators.
