What happened in this scam?
Deceptive trading portals and fabricated brokerages display simulated dashboards showing large account balances and profitable trades. In reality, the numbers on screen are completely fabricated. When you attempt to withdraw, the website claims your account is frozen or demands additional payments.
When withdrawals are blocked and demands for fees begin.
Victims typically realise something is wrong when a platform demands unexpected “tax clearance fees” or “liquidity verification” before allowing withdrawals. While the dashboard numbers are simulated, where your actual cryptocurrency moved is permanently recorded on the blockchain.
How Fundoraid investigates fake trading platforms
We do not rely on guesses or assumptions. We reconstruct the movement of funds directly from the public blockchain ledger.
We analyze the original deposit transactions to confirm whether your funds entered real liquidity pools or went directly to personal wallets.
We audit the blockchain ledger to prove the platform was never conducting live market trades with your cryptocurrency.
We follow the movement of your real coins as they are consolidated into scammer-controlled wallets.
We identify the cryptocurrency exchange accounts where the scammers converted your funds.
Real anonymised case example
Past case results do not guarantee identical outcomes, but demonstrate our forensic evidence process.
Offshore Futures Platform Recovery
An individual deposited Bitcoin and USDT into what appeared to be an institutional crypto futures trading platform. Within 60 days, the platform interface displayed a balance of $310,000. When requesting a withdrawal of $50,000, the user was told their account was flagged for "money laundering" and required a $30,000 compliance bond.
Fundoraid proved that the platform never opened any positions on-chain. The user’s Bitcoin deposits were moved within 30 minutes of receipt into an unhosted wallet cluster, and the USDT was consolidated and transferred to an identified deposit wallet.
Fundoraid proved the fraud, traced the transferred assets to the recipient account, and initiated recovery actions that prevented further loss and began the recovery of the $112,000.
Questions about fake trading platforms
Clear, transparent answers without false promises.
Lost money to fake trading platforms?
Share your transaction hashes or wallet address. We will trace where the cryptocurrency went, pinpoint recipient exchange accounts, and initiate recovery action.