Hcoinrex Alert!

On May 22nd, 2024, Cryptotrace received notice about a possible scam through its CRM system. The SEC also warned about this potential fraud platform. Based on our review, Hcoinrex is a cryptocurrency platform that raises suspicions for a few reasons. Customer service is done through WhatsApp, which is less professional and secure than traditional methods used by reputable cryptocurrency exchanges. Users also report an unusual fee to withdraw funds and once they deposit their funds, withdrawing is very difficult. 

What To Do If You Were Scammed 

Gather all information and records of communication, including bank statements. File a complaint with the local authorities and financial regulators in your country. 

Report the scam to Cryptotrace, an organization dedicated to investigating online scams and tracing lost funds to assist victims in the process of recovery.