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This content is based on victim and potential victim accounts. Government agencies and legitimate business names and phone numbers are often used by scam artists to take advantage of people.
Description
I was instructed by a Whatsapp group by the name of CAI to create an account on this VaultX Elite app that is decentralized trading platform. Where i would be apart of a testing process where I could end up making a decent amount of profit, and I did make a little bit of profit until it was time to cash out my funds from the platform. I had no issues at first, transferring crypto to and from the platform was working well until i had a disagreement with the CAI group. I blamed them for giving me flase imformation, and now this VaultX Elite platform initially put an7 day hold on my funds due to a " safety mechanism" being triggered. Then after the 7 days were up, they sent me a message saying another 10 day holding period was needed to maintain the funds were legitimate and rigorous testing would be done in this period to verify the funds were ok to be released. Well tge 10 day holding period is now over and im still unable to transfer my funds out of this platform out of this platform and back into my crypto wallet on another app. Seems as though they are holding my funds hostage because of the disagreement I had with a partner of theirs (This partnership between the CAI community and the VaultX Elite trading platform was what the leaders of the CAI group had said which is why we used their platform to trade on.) I will send screenshots of the CAI community webpage, as well as the VaultX webpage(which is set to "invite only" but i have given you the invite link on the previous page.)
Dollars Lost
$805.2
Targeted Person's Location
IL, USA - 62521
Scammer Information
Unknown Location
(999) 999-9999
https://h5.xxus62wr7.com/#/pages/auth/sign-up?code=279841
Scam Type
Phishing
Learn More
Business name
VaultX Elite
Date Reported
August 28, 2025
Scam ID
1048928
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