On May 7th, 2024, Cryptocointrace received notice about a potential scam from a customer in its CRM system. The SEC has also sent a warning about this possible fraud broker. The two websites Xmdeficotd.net and Xmdeficotd.com have a very complex and odd domain. They do not appear to be registered or licensed by any financial institution, and they do not provide any information about their company, operations, location, services, and owner. This raises red flags. 

Due to the lack of regulation and transparency, it is best to avoid these sites. 

What To Do If This Broker Scammed You

Ensure you gather all information and records of communication, including bank statements. File a complaint with local authorities and regulatory bodies in your region. 

Report the scam to Cryptocointrace, an organization dedicated to investigating online scams and tracing lost funds to help victims seek justice.