Titan Wealth is a fake crypto exchange that’s been set up to scam would-be investors by luring them into parting with their cash for products that don’t exist.
Not to be confused with the legitimate global financial entity of the same name, this platform has been set up purely to defraud people following unsolicited approaches via social media.
Despite claiming to have been launched in 2003, the platform and domain name were only a couple of months old at the time of writing in 2024.
We’d also been contacted by several people who’d been scammed out of funds after becoming embroiled in investing via this platform.
They’ve explained how they were contacted by strangers online who either offered high-return crypto investing or claimed that they could recover crypto that had previously been lost.
The platform acts as a conduit for either investing or receiving recovered crypto, however, there both of these activities lead to lost cash and demands from the scams for large fees, which are then stolen.
Having examined the platform, it’s clear that it’s part of an elaborate fraud. Some of the red flags include:
- No real content on the site apart from a few pages of generic copy that could have been scraped from elsewhere.
- No social media presence or apps.
- No information about the company HQ or the team.
- Zero regulatory information or registration details.
- Multiple people have reported that they’ve lost money to scams involving the platform.
Have you had any experience with this platform? Kindly share your thoughts in the comment section to help others stay informed and safe.