DYIG Official is a scam platform which claims to offer crypto trading opportunities but is actually part of a scheme to steal investors’ funds.
It has been set up to mimic the functionality of a genuine crypto exchange but no trading operations actually take place.
Any deposits that would-be investors make are placed into dummy accounts that are set up to appear as if profits are being accrued on the funds.
But the reality is that the money has been siphoned off into crypto wallets controlled by the scammers and is not longer accessible by the victims.
When the victim realises they can’t withdraw their investment the scammers try to assure them that their funds are safe.
But they’ll demand a fee or tax in order to release the money. These demands takes many guises and can often be accompanied by subtle threats about the victim breaking tax laws or similar.
If the victim pays, more demands will follow and the scammers will keep coming back until the victim runs out of funds.
Here’s what PawProfitForum Team team found when examining the DYIG Official platform:
- The domain name is very new. Scammers set up thousands of similar looking sites which are used for a few months before being shut down.
- The platform has an amateur cookie cutter design meaning it’s been set up very quickly and only resembles a crypto exchange on the surface.
- It has none of the functionality or security offered by genuine crypto exchanges.
- There are no mobile apps or social media platforms associated with the platform. Legitimate firms always offer these.
- The site doesn’t list any genuine contact information for anyone connected with it which is a huge red flag.
- There are several reports online from users who’ve been scammed by this platform warning others to steer clear.
Have you had any experience with this platform? Kindly share your thoughts in the comment section to help others stay informed and safe.