Welcome to our A16Zcrypto review, in which we investigate the now defunct domain A16Zcrypto.cc and the website that was used to be hosted on it.
On March 19, 2023, we received a complaint from a person who was recently scammed out of $210,000 in the Chinese Pig Butchering Scam.
He believes that the scammer’s website was shut down on December 7, 2022, either by Singaporean police or the FBI.
The victim, based in the USA, was contacted by a woman named Lena through LinkedIn in April, who claimed to be working for her sister in Little Rock, Arkansas. He writes:
She told me that she was from my wife’s home town, Hang Zhou, China and she loved my hometown’s food. She then taught me how to set up an account in Japanese LINE to send mails freely. After weeks, she told me that she is working for a company to update the database system of its cryptocurrency exchange plate. She and her sister made money on that plate.
“Lena” convinced the victim to invest money into a fake website called A16Zcrypto.cc/h5/#, and all of his money was transferred to Lena’s wallet instead of the fake website.
After building a rapport, Lena convinced the victim to invest in a cryptocurrency exchange platform, A16Zcrypto.cc/h5/#, promising profits and support for the Chinese Democratic Movement.
The victim transferred money from his Chase Bank account to buy coins on Coinbase, which were then sent to Lena’s wallet instead of the fake website.
When Coinbase noticed something was amiss, they shut down the victim’s account. Lena then asked the victim to open another account in Kraken, which also shut down his account.
The scammer’s wallet account is 0x281Df366c94A93ae3ca4dd0407dF3ba09e211498.
Since I was scammed, my life was ruined. I watched the fake website all the time, hoping someday it could be shut down by policemen. […]
Later I believed that their website service station is located in Singapore. The scammer mentioned to me that she had a friend in Singapore. I sent a report to the Singapore Policeman several days ago.
These notorious Chinese Pig Butchering scammers were in two groups. One group is in Singapore to maintain the website station. The other group was in the United States to search the targets to rob by social media.
They destroyed the trust of Americans and seeded the hatred among people.
We can find no popularity information or whois records for a16zcrypto.cc, however, it does have an Authority Score of 4% with 3 backlinks from 2 referring domains.
Get in touch with our affiliated Cryptocurrency Forensic Specialists at CNC Intelligence for free by filling out the form below.
Online, we also find a handful of mentions of a16zcrypto.cc.
We find that under A16z Crypto Exchange, more domains are listed, including:
The domain a16zcrypto.xyz was registered through Lexsynergy Limited on October 27, 2021, for 2 years by Andreessen Horowitz from CA, US.
Andreessen Horowitz is also called a16z (legal name AH Capital Management, LLC). It is a private American venture capital firm founded by Marc Andreessen and Ben Horowitz in 2009. The company invests in early-stage start-ups and established growth companies across various industries, including healthcare, consumer, cryptocurrency, gaming, fintech, education, and enterprise IT.
This is the actual website of a16zcrypto, a legitimate company.
A16zcrypto.xyz has a Semrush Authority Score of 2% with 5 backlinks from 2 referring domains.
The domain a16zcrypto.buzz was registered through NameSilo, LLC on September 11, 2022, for one year. It has a 2% Authority Score with 5 backlinks from 2 referring domains.
According to one a16zcrypto.buzz review, a16zcrypto.buzz is an unregulated investment platform. It advises against using its services due to a lack of transparency, licensing, and regulation.
On a BitcoinTalk thread, A16zcryptos.xyz is suspected to be a scam exchange with several red flags, including a recent domain change and demanding additional deposits to enable withdrawals.
What happened to a16zcrypto.xyz?
AH Capital Management (Andreessen Horowitz) has filed a complaint against bzj bzjf over the domain names a16zcrypto.xyz and a16zcryptos.xyz, registered with NameSilo.
So crypto vs. cryptos is another variation. Can we also expect to find the following domains?
- a16zcryptos.cc – Registered through Lexsynergy Limited on November 19, 2021, for 2 years by Andreessen Horowitz from California, USA.
AH Capital Management has trademark rights in A16Z and alleges that the domain names a16zcrypto.xyz, and a16zcryptos.xyz, are confusingly similar to its trademark.
AH Capital Management’s official domain names are:
Additionally, it alleges that Respondent has no rights or legitimate interests in the disputed domain names and that Respondent registered and used them in bad faith.
As the Respondent failed to respond, the Panel decided the administrative proceeding based on the Complainant’s undisputed representations and ordered the transfer of the domain names from the Respondent to the Complainant.
Following the Money
Recall that the scammer’s wallet account is 0x281Df366c94A93ae3ca4dd0407dF3ba09e211498.
What can we learn from that?
For example, on bitcoinabuse.com, a website that maintains a database of bitcoin addresses involved in scams, frauds, and other abusive activities, we find the following report from March 14, 2022, regarding this wallet address:
Scammers are attempting to lure victims into short-term investments on discounted Diem bought against USDT. They may be working in collusion with or operating as the market at a16zcrypto.cc
And on EtherScan, we can find its transaction history:
There are 48 transactions on this address, with the latest transaction occurring 17 days ago.
The page shows the transaction hash, method, block, age, from and to addresses, value, and fee of the latest 25 transactions.
Complaints We Received
On October 25, 2023, we received the following complaint:
I have invested over $1,700,000 into the a16z crypto platform. I have made a profit from my investment. However, when I placed a withdrawal order of $500,000, a16z rejected my order, stating that their platform was undergoing maintenance. They advised me to resubmit the order. Upon resubmitting, and after waiting for about three days, a16z customer service, which is quite challenging to get in touch with, informed me that only a partial amount would be released to Gemini, my intermediary platform. They explained that this was due to the blockchain releasing funds in batches and advised me to be patient.
A week later, a16z customer service advised me that the remaining amount from my first withdrawal order was returned to my total assets due to a long interval in the release time. I’m not quite sure what this means. Lastly, a16z instructed me to make an audit deposit fee of $560,000, which is about 11.58% of my total assets, so they can verify that I am the account holder of this investment. I have already forwarded my driver’s license to them and went through a verification process with a16z. I’m questioning why this is necessary now. I have over $4.6 million in USDT still stuck on the a16z platform.
“Why am I so stupid?” Asks the complainer, and he goes on answering:
Because I thought this country is the USA, a law country. Who can open a fake website to rob other people without being stopped for several months? This is a big felony. Who dares do that?
Several friends reminded me. but I did not listen. I was wrong. The Chinese Pig Butchering scammers thought they were smart and could escape from punishment.
The A16Zcrypto review sheds light on the fraudulent activities of cyber criminals who prey on innocent investors.
Sadly, despite several warnings from media outlets, investors continue to fall for scams, losing their hard-earned money.
If you have fallen victim to online scams, please comment below. If you have suffered a substantial financial loss, do not despair. We are here to assist you in recovering your funds!
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