Investigation Resources

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⚠️ Scam Alert

BSVCloud.com has been identified as a fraudulent cryptocurrency investment platform. This website documents evidence of the scam to help potential victims and assist those who have already been affected.

This investigation into bsvcloud.com has uncovered substantial evidence that it is a fraudulent cryptocurrency investment platform. The site exhibits numerous red flags typical of cryptocurrency scams, including:

• False company claims
• Domain registration inconsistencies
• Use of privacy protection services to hide ownership
• Suspicious cryptocurrency transaction patterns
• Connection to OKX exchange for fund withdrawal

The operators have taken deliberate steps to conceal their identities while collecting significant amounts of cryptocurrency from victims.

• Establishment Date Discrepancy: Claims to be “Established in 2017” but domain was only registered in December 2018
• Anniversary Contradiction: Running an “8 YEARS Anniversary SALE” which contradicts their own founding date claim
• No Official Registration: No company registered as “BSVCloud” or “BSV Cloud” exists in the UK Companies House database
• False Regulatory Claims: Claims to be “registered and operating under UK regulations” but has no regulatory authorization

• Problems with fonts and crypto addresses section visibility
• Broken PDF report link
• Other technical issues suggesting a hastily created or poorly maintained site

Analysis of Privacy Protection

Withheld for Privacy ehf is a privacy protection service owned by Namecheap that:

• Is based in Iceland, a country known for strong privacy laws
• Replaces domain owner information with their own details in WHOIS records
• Makes it extremely difficult to identify the actual owners of domains
• Is commonly used by fraudulent cryptocurrency projects to hide their identities

According to research from TheHolyCoins and WhoisXML API:

1. Namecheap has been identified as the second-leading registrar associated with malicious domains
2. The Kalkofnsvegur 2 address in Reykjavik is associated with approximately 35 million domains
3. This privacy setup creates a significant barrier to transparency, allowing scammers to operate without fear of detection
4. The Icelandic jurisdiction makes it significantly more difficult to reveal domain owner information, even in cases of suspected criminal activity

• DNS Provider: Cloudflare
• Nameservers:
  • ace.ns.cloudflare.com (162.159.44.65)
  • harleigh.ns.cloudflare.com (162.159.38.58)
• Current Status: Inactive (as of WHOIS lookup)

Bitcoin (BTC)

1. 3LXZ5o9DRHWRMhLXxyXqXidcj3A1F5JCjN
   • User sent 0.05355071 BTC (approx. $4,989.08) on March 3, 2025
   • This address was mentioned in multiple shared links
2. bc1quhruqrghgcca950rvhtrg7cpd7u8k6svpzgzmrjy8xyukacl5lkq0r8l2d
   • Reportedly contains a significant amount of funds (possibly up to $250 million)
   • Mentioned as potentially linked to BSVCloud
   • Confirmed as OKX Exchange Hot Wallet
3. bc1q4ud9tc7mmv0t6c2ssgunk22sdj3m0m8qs2s287
4. 3LaRfQs5611ChaDdmY5B7QPCVHdjk4qnz5
5. 1LLUByDbsaGmvkVkHnfFSqyQw7Daq8x
6. 37iPboyt1Pez3bef42dDiMVi6H6Q9fEeSH

Litecoin (LTC)

1. MVWSK6wHvYQvQcfvYQuLgd8J8MhCbMtQJe
   • User sent 48.5000076 LTC (approx. $4,849.04) on March 4, 2025
2. MQGj1dfbHD8YdHCvrLC1GRH1LPfD9NE3Ww

Other Cryptocurrencies

• Ethereum (ETH): 0x71578bf970b7ef029fa9dd92d27000a9cd6ea3aa
• Binance Coin (BNB): 0x71578bf970b7ef029fa9dd92d27000a9cd6ea3aa (same as ETH address)
• Bitcoin Cash (BCH): qqleenel9r3a4fcpcwrt3pn2m2x22h9rquh7we2gpk
• Dogecoin (DOGE): DF1wAEeBw9W8syVtYRcSyZ1Ji3sByAWz49

User Transactions

The user made two documented transactions to BSVCloud addresses:

1. 48.5000076 LTC (approx. $4,849.04) sent to MVWSK6wHvYQvQcfvYQuLgd8J8MhCbMtQJe on March 4, 2025
2. 0.05355071 BTC (approx. $4,989.08) sent to 3LXZ5o9DRHWRMhLXxyXqXidcj3A1F5JCjN on March 3, 2025

Fund Concentration

Based on the shared links, there appears to be a pattern of funds being moved to larger wallet addresses, particularly the bc1quhruqrghgcca950rvhtrg7cpd7u8k6svpzgzmrjy8xyukacl5lkq0r8l2d address which reportedly contains a significant amount of funds.

Multi-Currency Operation

The scam operation uses multiple cryptocurrencies (BTC, LTC, ETH, BNB, BCH, DOGE), which is a common tactic to:

1. Cast a wider net for potential victims
2. Make tracing more difficult by spreading transactions across different blockchains
3. Provide flexibility in moving and converting funds

• Address: bc1quhruqrghgcca950rvhtrg7cpd7u8k6svpzgzmrjy8xyukacl5lkq0r8l2d
• Status: Confirmed as OKX Exchange Hot Wallet
• Evidence: Labeled as “Exchange: OKX, Hot Wallet” in the OKX blockchain explorer
• Significance: This address was previously identified in the investigation as potentially containing a significant amount of funds (possibly up to $250 million)

The investigation has traced a clear pattern of fund movement from victim deposits to exchange wallets:

1. Initial Collection Points:
   • 3LXZ5o9DRHWRMhLXxyXqXidcj3A1F5JCjN (received user’s 0.05355071 BTC)
   • MVWSK6wHvYQvQcfvYQuLgd8J8MhCbMtQJe (received user’s 48.5000076 LTC)
   • Multiple other addresses across different cryptocurrencies
2. Intermediate Addresses:
   • 3LaRfQs5611ChaDdmY5B7QPCVHdjk4qnz5 (high volume address with 173 transactions)
   • bc1q4ud9tc7mmv0t6c2ssgunk22sdj3m0m8qs2s287 (33 transactions)
   • Various other addresses used to move funds between collection points and final destinations
3. Final Destination:
   • bc1quhruqrghgcca950rvhtrg7cpd7u8k6svpzgzmrjy8xyukacl5lkq0r8l2d (OKX Exchange Hot Wallet)

The identification of OKX as an exit point creates a potential recovery avenue:

1. Exchange Notification: OKX can be notified about the fraudulent activity with specific transaction details
2. Account Identification: OKX has the ability to identify which user account(s) received funds from the identified addresses
3. Potential Fund Freezing: If notified promptly, OKX may be able to freeze accounts associated with the scam
4. Law Enforcement Cooperation: OKX typically cooperates with law enforcement agencies in cases of fraud

1. Trace the 3LaRfQs5611ChaDdmY5B7QPCVHdjk4qnz5 Bitcoin address which received the largest outgoing transaction
2. Seek exchange cooperation if destination addresses can be linked to known exchange deposit addresses
3. Perform advanced cluster analysis to identify other addresses likely controlled by the same entity
4. Conduct cross-chain analysis to check if counterparty addresses appear in transactions for other cryptocurrencies associated with BSVCloud
5. Monitor the bc1quhruqrghgcca950rvhtrg7cpd7u8k6svpzgzmrjy8xyukacl5lkq0r8l2d address for any outgoing transactions that might reveal connections to exchanges or other identifiable entities

1. Law enforcement involvement: Report the scam to relevant authorities with all transaction details
2. Exchange cooperation: If funds were moved to known exchanges, those exchanges might be able to freeze accounts if properly notified
3. Blockchain forensics services: Professional services can conduct more detailed analysis to trace fund movements
4. Legal action: With sufficient evidence, legal action could potentially be taken against the operators if they can be identified, though the use of privacy protection services makes this challenging.

BSVCloud.com demonstrates all the hallmarks of a sophisticated cryptocurrency scam operation. The operators have:

1. Created a false company narrative with inconsistent founding dates
2. Used domain privacy protection services to conceal their identities
3. Established a multi-cryptocurrency operation to maximize potential victims
4. Collected significant amounts of cryptocurrency from victims
5. Moved funds through a series of addresses to obscure their trail
6. Used OKX exchange as an exit point for the stolen funds

The investigation has uncovered critical evidence linking BSVCloud’s fraudulent operation to the OKX cryptocurrency exchange. The confirmation that funds were moved to an OKX exchange hot wallet provides a significant lead for potential recovery efforts.

The use of Withheld for Privacy ehf as a privacy protection service, based in Iceland with strong privacy laws, creates significant barriers to identifying the actual operators. This is a common tactic used by cryptocurrency scammers to evade detection and legal consequences.

Recovery options are limited but may be possible through cooperation with law enforcement, cryptocurrency exchanges (particularly OKX), and blockchain forensics services. The most promising approach would be to trace the movement of funds to exchanges where the operators might attempt to convert the cryptocurrencies to fiat currency.

• A comprehensive investigation website documenting findings about the BSVCloud.com scam has also been created for cybercrime agency access:
• Live Investigation Site For Agent Access