Scam Type
CryptoCurrency Scam
Business Name Used
Crypto Scam
Date Reported
February 07, 2024
Postal Code
84405
Total Dollars Lost
$ 0
Scam Description
houds.com appears to be a scam website for trading crypto currency. The URL is registered to Iceland. However, their chat support says:
“Registered office address 85 Great Portland Street, London, London, United Kingdom, W1W 7LT”
There is minimal information required for setting up an account. Also, depositing crypto currency appears to work. However, withdrawing funds seems to require depositing more funds because of various reasons. I think this is a site setup to steel crypto currency from people that think they are transferring crypto currency into their own account.
I have not deposited any funds because this site seems very much like a scam. Wanted to report this site so others might not be scammed.
More information from their chat support:
We are grateful that you chose us, your account was marked by our verification system, as required for wallet verification. To resume the withdrawal of funds, you need to confirm your wallet by making a deposit in the amount of 0.004 BTC. We apologize for any inconvenience that may arise as a result of this process. These additional steps are taken primarily to ensure the security of your account and the legality of your actions. Unfortunately, there is a high level of fraudulent activity in this industry, and such steps help our automated system to significantly reduce the level of fraud and ensure the safety of our customers. This deposit will be credited to your account and immediately available for withdrawal. This is a one-time procedure. Our system is decentralized and works automatically without our intervention. That is, in this case, we cannot manually verify your third-party wallet, it is technically impossible. No one, even from the company’s employees, has any access to opening/closing access to withdrawals. The system operates on smart contracts based on high-level security protocols that exclude any, even the slightest human factor in the management of user accounts. In order for the withdrawal of funds to become available to you, you need to confirm your account by making a minimum deposit of the exact amount of 0.004 BTC from your third-party wallet. A deposit is just a regular replenishment of your account.
Another tactic used is that entering promo code “Elon-boon” gives the user’s account about $9000. The incentive to get the $9000 out of the account is to verify the account by transferring BTC into the account.
