TradingXBT (Fake Website)
Utopia Financial Services Ltd (Details are misrepresented)
"CrypNuevo Official" (Channel), Direct Message: @CrypnnuevoDm
Likely uses WhatsApp and email after initial Telegram contact.
Unsolicited message on Telegram, social media, or dating apps, or via the "CrypNuevo Official" channel.
Fake "trader" or "account manager" promises guaranteed high returns on crypto/futures trading.
Victim is directed to a professional-looking but fake website (e.g., TradingXBT) to deposit funds (usually in USDT).
The scammer manipulates the platform to show huge, fake profits, building false trust.
When withdrawal is requested, the scammer demands a large upfront "fee," "tax," or "commission" (e.g., 10-15%) to be paid externally before funds are released.
If paid, more fees are invented. Ultimately, the victim is ghosted, and no money is ever released.
Initial outreach via Telegram/Social Media DMs.
Promises of low-risk, high-profit trading.
Being asked to pay a fee outside the platform to access your own money. LEGITIMATE BROKERS NEVER DO THIS.
Using details of a real UK company (Utopia Financial Services Ltd) but misrepresenting its business purpose. The real company is for mortgage finance, NOT trading.
Urgency to pay fees combined with slow email support.
All communication immediately.
Any more money, for any reason (fees, "unlock" charges, etc.).
The scheme to your local financial regulator and cybercrime unit.
Others in your network and online communities.
"This is a sophisticated advance-fee investment scam. The promised profits do not exist. The only goal is to steal your initial deposit and then extort repeated 'fees.' The use of a cloned company identity is a deliberate tactic to appear legitimate. Stay Away. Stay Safe."