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Description
The Scam is structured on the idea of crypto Arbitrage, where the website offers crypto currencies at a high price allowing you to buy lower another exchange and sell for profit. It will work for a short period of time until you are conducting a high dollar amount sell. At this point the website will restrict you from withdrawing your money and instruct you to deposit more money in order to withdraw your money. Giving you an ultimatum of losing your current holding unless you deposit more. Where in fact you will not receive your original amount or the money deposited. It is a multilayer scam where it is very easy to fall for.
Dollars Lost
$4000
Targeted Person's Location
GA, USA - 30813
Scammer Information
Unknown Location
Unknown Email
Unknown Phone Number
BITAY.IO
Scam Type
CryptoCurrency
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Business name
BITAY.IO
Date Reported
February 11, 2025
Scam ID
945330
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