1️⃣ Initial Contact:

Victims are usually contacted via email, social media ads, or direct messages on WhatsApp, Telegram, or Instagram.

The promoters offer attractive investment opportunities in cryptocurrency mining, forex, or trading through Cryptex.to.

2️⃣ Fake Profit Demonstration:

Once registered, victims are shown a highly polished dashboard showing consistent profits generated through supposed trading algorithms or mining operations.

3️⃣ Pressure to Deposit More:

After small initial profits, the victim is encouraged to deposit larger sums to maximize returns. Often, they are shown fake account growth.

4️⃣ Withdrawal Restrictions:

When victims attempt to withdraw funds, Cryptex.to suddenly demands additional payments — often labeled as:

•Tax clearance fees

•KYC verification fees

•Account unlocking fees

•Regulatory compliance charges

5️⃣ Account Freeze & Communication Block:

When victims refuse to pay or request refunds, their accounts are often frozen.

Support either stops responding or continues demanding additional payments under different excuses.

6️⃣ Financial Loss:

Victims eventually lose access to both their invested capital and any promised profits. Many experience losses ranging from thousands to tens of thousands of dollars.

7️⃣ Recovery Attempts:

Some victims have reported success in initiating recovery through professional legal action, specifically via litigation handled by XAIDSART LLP (xllp.eu).