Dogecoin Investment Platform Scam Biggy437

Notice: This page is a freshly imported case study from the original repository. The original content was in a different format, and may not have relevant information for all sections. Please help restructure the content by moving information from the 'About' section to other sections, and add any missing information or sources you can find. If you are new here, please read General Tutorial on Wikis or Anatomy of a Case Study for help getting started.

Notice: This page contains sources which are not attributed to any text. The unattributed sources follow the initial description. Please assist by visiting each source, reviewing the content, and placing that reference next to any text it can be used to support. Feel free to add any information that you come across which isn't present already. Sources which don't contain any relevant information can be removed. Broken links can be replaced with versions from the Internet Archive. See General Tutorial on Wikis, Anatomy of a Case Study, and/or Citing Your Sources Guide for additional information. Thanks for your help!

Dogecoin Art

Biggy437 reports they were convinced to send 75k of dogecoin to an investment platform which promised a 10% return per month. They were unable to retrieve their funds. They reported the theft to law enforcement and on Reddit. They do not appear to have had any luck with law enforcement.

This is a global/international case not involving a specific country.

About Unknown

"I had 95k doge and got scammed 4 weeks ago for 75k dogecoins . Then I sold 20k of doge to cover my loss in the scam . Now roughly have 5k left of Dogecoins . Going to hold onto them for dear life."

"holding 5k of doge since early 2020"

"It was not like on of those scams . It was a investment scam 10% return for one month 15% for 3 Months . It was stupid to trust a website like that. Any way to track the doge to a exchange ?"

"I got scammed from a fake website . I know how to check on etherscan for eth. Seems like I can’t do it on dogechain"

"Hi I want to know if it’s possible to track a wallet address to a exchange. I have been scammed and my Doge are still in the scammers wallet. I want to inform the exchange that the Doge get sent to."

"It is known exchanges protect scammers identity so in sense they are protecting there clients . Why do you think scams are so prevalent in crypto. Most scammers will never really cash out and most of there money is in crypto so it’s a big win to the exchanges . They send back limited information and do not respond in a timely manner to stop victims crypto being sent through another exchange . I believe these things would not happen so often if Coinbase invested more into customer service."

"[T]he police have not been able to help due to lack of knowledge."

"I have yet to hear back . They said they are investigating and do not reply after a week . I will be looking into this with a crypto tracing company to o recover ."

"Yes. I think thats why they don’t care because there are so many people getting into transaction issues like scams and mistakes that they can not control. I think customer service needs to be updated on coinbase to handle situations like this . I don’t think I will get it resolved for a few months . Binance has not been helpful to me when asking for assistance. I hope they don’t charge me fees as this is not stated in terms and conditions."

"I have nothing left in this world and to be honest most help I have got has been lead to dead ends ."

This is a global/international case not involving a specific country.

The background of the exchange platform, service, or individuals involved, as it would have been seen or understood at the time of the events.

Include:

• Known history of when and how the service was started.
• What problems does the company or service claim to solve?
• What marketing materials were used by the firm or business?
• Audits performed, and excerpts that may have been included.
• Business registration documents shown (fake or legitimate).
• How were people recruited to participate?
• Public warnings and announcements prior to the event.

Don't Include:

• Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.
• Anything that wasn't reasonably knowable at the time of the event.

There could be more than one section here. If the same platform is involved with multiple incidents, then it can be linked to a main article page.

The Reality

This sections is included if a case involved deception or information that was unknown at the time. Examples include:

• When the service was actually started (if different than the "official story").
• Who actually ran a service and their own personal history.
• How the service was structured behind the scenes. (For example, there was no "trading bot".)
• Details of what audits reported and how vulnerabilities were missed during auditing.

What Happened

The specific events of the loss and how it came about. What actually happened to cause the loss and some of the events leading up to it.

Key Event Timeline - Dogecoin Investment Platform Scam Biggy437

Date	Event	Description
July 23rd, 2021	Scam Date Estimate	The estimated date of the scam based on the available evidence.
August 14th, 2021 1:18:38 AM MDT	Reports Holding 5k DOGE	Biggy437 reports that they are holding 5k DOGE at this time, which confirms they have already been scammed.
August 18th, 2021 1:42:53 AM MDT	Asking About Tracing	Posts asking about tracing the blockchain address of the scammer.
August 19th, 2021 6:17:11 PM MDT	4 Weeks Ago	Biggy437 reports that they were scammed "4 weeks ago" and provides the amount as $75k dogecoin.
August 19th, 2021 6:22:53 PM MDT	Late Last Month	Biggy437 reports that they were scammed "late last month".
October 26th, 2021 9:49:29 AM MDT	Frustration With Law Enforcement	"The police do not try to help 90% scam victims they will only tell you what you want to hear ." "Sometimes I believe the scammers where scammed and is they scam others because they know it easy and police don’t care unless it’s light work ."
October 26th, 2021 4:58:38 PM MDT	Nothing Left In World	"Please understand that I have nothing left in this world and to be honest most help I have got has been lead to dead ends ."

Technical Details

This section includes specific detailed technical analysis of any security breaches which happened. What specific software vulnerabilities contributed to the problem and how were they exploited?

Total Amount Lost

The total amount lost has been estimated at $15,000 USD.

How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?

Immediate Reactions

How did the various parties involved (firm, platform, management, and/or affected individual(s)) deal with the events? Were services shut down? Were announcements made? Were groups formed?

Ultimate Outcome

What was the end result? Was any investigation done? Were any individuals prosecuted? Was there a lawsuit? Was any tracing done?

Total Amount Recovered

There do not appear to have been any funds recovered in this case.

What funds were recovered? What funds were reimbursed for those affected users?

Ongoing Developments

What parts of this case are still remaining to be concluded?

Individual Prevention Policies

No specific policies for individual prevention have yet been identified in this case.

For the full list of how to protect your funds as an individual, check our Prevention Policies for Individuals guide.

Platform Prevention Policies

Policies for platforms to take to prevent this situation have not yet been selected in this case.

For the full list of how to protect your funds as a financial service, check our Prevention Policies for Platforms guide.

Regulatory Prevention Policies

No specific regulatory policies have yet been identified in this case.

For the full list of regulatory policies that can prevent loss, check our Prevention Policies for Regulators guide.