This article is the reproduction of a thread on Reddit. Follow the original thread for updates.
You have all heard of the pump and dump groups where the organizers of the group buy a token in advance and then tell the group just before its time to pump which token to buy to push up the price. The organizers of course are selling at a profit to the rest of the group. Welcome to Pump and Dumps 2.0 where the pump and dump is legit (kinda) they will tell you in advance which token is the target (like 24 hours) and then on the signal the token goes up 200 to 300% and you can make that in profits in your trades. As always if it is too good to be true it generally is. The scam is genius, it is the Exchange. The pump and dump group says you must use a certain exchange and on the signal I imagine the exchange just raises the price so you can sell at the profit.
There are probably a number of discord servers. They have people discussing things and posting as often as possible withdrawal images. If you look at the public address they post most are fake or have zero balances; Here are a few they post
You will see post all the time from fake people like this. The address OP893arNGQi3ixfhR3nM7wdzYAxPKDkIEp does not exist.
A clear sign it is a scam is when you go to withdraw. You will be asked to “deposit” more crypto to verify yourself. See the below image.
Andrei Melkov changes the domain often once word gets out. I have highlighted his contact details, if you want a cheap domain name contact him.
Digital Ocean (See all the red boxes) has been put on notice numerous times of this scam but as can be seen from the below image allow it to continue with the same domain name owner and identical content. Maybe a good lawyer might get your full losses out of them given they knew about it but did nothing. Further Serverius also has. Not only do they both ignore this scam being run on their servers but given the address of the owner of the name currently supports a country that is on numerous sanction lists.
No you are not seeing double. With a simple text search of the HTML Andrei changes the website to match the domain.
And don’t trust any of the reviews online either, they have that covered. On Trust pilot they have multiple reviews for Trezbit already. Here is my favourite – the domain is 7 days old but this person has been using it for over 6 months. (EDIT: NOW REMOVED)
EDIT: Despite being alerted to the fake exchange TrustPilot still has positive comments which are obvious fakes. Here is one which indicates they withdrew to a UK bank account. The writer who is from SK (Slovakia) has a UK bank account, however, that could be possible. The problem is that Bitswet and Trezbit never have and obviously never will have on and off ramps to real bank accounts 🙂
It is also good to see the scammer spending most of his time writing reviews. Keep him busy with Trust Pilot – who promotes these fake sites and is not interested in the truth or scams in my opinion.
If you cannot trust reviews what can you trust? For sites like Trezbit the tools that do a dynamic check seem to be the most reliable eg.
I do hope that you are reading this after getting an invite to the discord server and now know what is going on better.
Dynamic Updated Domain List: shenbit, bitswet, trezbit, trezxbit, Auecoin, trahbit, wixybit, ebalabit, loot-trade, fastxbit, vdulbit, lyablyabit and shaubit. The domain owner of all of these according to the documents below is Andrei Melkov.
All the domains point to the same website just with a fake name. Here is a (just as fake as all the rest) example.
Telegram Update: Looks like the scammers have franchised their idea. They now are on Telegram too. Called Top Pumps see pic. Of course only works with their fraud, scam website.
Remember: If something seems too good to be true, it probably is.
To read about other Investment Scams, click here.
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If you have been a victim of an investment scam, you can take the following steps:
- File a complaint with the payment portal. However, investment scammers mostly use methods such as Bitcoin, Western Union, MoneyGram and other untraceable methods which make refunds impossible.
- File a formal police complaint with the Cybercrime department.
- Leave a negative review on review portals such as Scamadviser and TrustPilot.
- Report the website to Google using the Suspicious Site Reporter extension for Chrome
- Give a low rating to the website on Web of Trust. You can also install their extension for the same.
- If the company has a listing on Google My Business or Google Maps, file a complaint using the Business Redressal Complaint Form. Also, leave a negative review explaining what kind of experience you had.
- Report the scam site to web filtering companies.
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