On January 21, 2023, the following report was made with the Better Business Bureau (BBB) by a Washington, USA person who claims being scammed out of $7,400 on a CryptoCurrency involving bitcashex.top or bitcashex.com:
They use bitcash app, through which they perform trade.
He also mentions a phone number: (520) 302-4185.
(520 is a Tucson, AZ area code.)
Unfortunately, or perhaps we should say fortunately, neither of the mentioned domains is still active.
We are also able to find bitcashex.space, another website that is no longer active.
So is Bitcashex legit or a SCAM?
And could the people behind this scam be opening more and more domains with different TLDs?
We begin by seeing what information can be gleaned from the defunct domains.
Bitcashex.com was registered on May 9, 2017 by a Chinese entity.
Get in touch with our affiliated Cryptocurrency Forensic Specialists at CNC Intelligence for free by filling out the form below.
Bitcashex.com has a a Facebook page from September 12, 2017 in which they claim to be an Internet company.
They have email@example.com as the email address.
Their Twitter account @bitcashex1 was suspended.
Their last Facebook post from January 4, 2019 said:
Join the BITCASHEX team to the new age of Crypto-World. Buy & Exchange with us Today Visit www.Bitcashex.com
An account associated with that Facebook page is of a person called Iyke Nwanosike.
This person also owns an Instagram account which he links to bitcashex.com.
They even have a LinkedIn page, belonging to the “Bitcash Exchange,” but in the profile picture we find the URL “Bitcashex.com.”
Bitcashex.top was registered on December 30, 2021.
The registrant contact is Dan Li from Henan, China.
The meta description of its Login page, which is still indexed in Google, says “Dear Bitcash users,” indicating that this website too referred to itself as “Bitcash” rather than as “Bitcashex.”
The title of the page also used to say “Sign in – Bitcash.”
We found a review from January 13, 2023 on scamdoc.com, which says:
Don’t use this platform, you will not be able to withdraw your money, you can reach support by telegram and when you ask them about your money they will block you.
Bitcashex.space was registered on January 11, 2022.
Since this domain is newer, we have more pages that are still indexed in Google.
In fact, three pages are still indexed: the homepage, terms or service, and login page.
For the homepage, we see the following meta description:
Whether you’ re sending to a friend or transacting for business, Bitcashex allows you to send and receive cryptocurrencies with the lowest fees. phone. Options …
For the Terms of Service & Login pages, we have:
Buy, Sell & Trade Crypto using modern and secure trading platform. Trade our spot and margin markets with advanced funding options, lightning fast execution
So clearly this was a site which offers buying, selling, trading, sending, and receiving of cryptocurrencies.
In the Terms of Service cached version, we find a text that was copied from the Terms of Service of Kraken.com and the company behind Kraken, Payward, is mentioned there many times.
In the Login page, we find the following text: “Www operates under the rules of financial, operational and legal safety, as well as AML and KYC regulations. All transactions are processed via encrypted HTTPS connections with the use of safe TLS protocols and encryption algorithms.”
This looks strange, like they copied it incorrectly, so if any other websites are using this text, we can be certain that the same people are responsible for them as well.
And indeed, we find quite a few websites that contain this text, including:
All 5 websites have the same favicon and design, indicating they were made by the same people, which we guess also are responsible for creating Bitcashex.
And we able to find additional websites which we believe were created by the same scammer or group of fraudsters since they also have the same design, including:
This is only a partial list, there are other suspicious domains as well, some of which are defunct, such as:
Is BitcashEx a SCAM? It sure is!
And not only BitcashEx, but we as have shown there’s a huge network of other websites, most of which are BitcashEx clones, which are also scams.
Do yourself a favor and stay far away from them.
SCAM ALERT! Do NOT invest with the websites listed above.
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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