On May 5th, 2024, Cryptocointrace encountered a potential scam from a customer reporting via its CRM. The SEC also notified about this possible fraud.  The website, offering cryptocurrency exchange, has been flagged by multiple sources as suspicious and potentially fraudulent. Scamadviser reviews indicate a very low trust score, with several negative indicators such as the owner hiding their identity and the site having a recent registration, which often correlates with risky sites. Additionally, customer reviews are overwhelmingly negative, with users reporting the inability to withdraw funds and advising others to avoid investing through the platform. 

Due to the red flags, lack of regulation, and numerous negative customer experiences, it is best to avoid investing with

What To Do If You Were Scammed By This Broker

Make sure you gather all information and records of communication, including bank statements. File a complaint with local authorities or financial regulators in your country. 

Report the scam to Cryptocointrace, an organization dedicated to investigating online scams and helping victims in the process of fund recovery.