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This entity appears in one or more regulatory or sanctions lists (SEC PAUSE, DFPI, OpenSanctions). Report to the FBI IC3 at ic3.gov and the FTC at reportfraud.ftc.gov.

Bitcoin FX Tradesbitcoinfxtrades.com

Investment / sanctions alert · dfpi

DFPI — Victim narrative (California)

A California resident reports transferring crypto assets from their account to a crypto asset trading platform called BitcoinFxTrades.com. Believing their account balance had grown substantially, the victim sought to withdraw their funds. However, the platform’s customer service told them they needed to “upgrade” their account to “SILVER” to make a withdrawal and a demanded an “upgrade fee” of $1,200. The victim paid the fee, but when they attempted to make another withdrawal, the platform’s customer service told them to pay an additional $2,000. When the victim couldn’t pay, their account bal

Estimated loss: $1,200

Type: Fraudulent Trading Platform

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What to do if you were targeted

  1. 1.Stop all transfers immediately.
  2. 2.Contact your bank or wire transfer service to attempt a recall.
  3. 3.File a complaint with the FBI IC3 at ic3.gov.
  4. 4.Report to the FTC at reportfraud.ftc.gov.
  5. 5.Report to your state securities regulator via nasaa.org.