MagicCoin Scam (www.magiccoin.vip)

[The Punisher]

MagicCoin (http://www.magiccoin.vip) is a new crypto scam where investors are contacted on Instagram and then lured to WhatsApp and Line to have further communication. This is a scam and not a real crypto but like many other scams is setup to look and feel very realistic. Investors are asked to move funds from ETH to Coinbase to Magic Coin. The scammers claim this is a decentralized crypto exchange platform. Upon initially opening an account, investors are led to believe they are making profits through the rise in value of the coin. When it’s time to withdraw your funds there are many excuses for why an investor cannot make withdraws (i.e. you must add more funds to make a withdraw = steal more of a victims money). This is a WARNING to all investors to Never do business with anyone or any broker claiming that MagicCoin is real!

Profiles of Scammers

magiccoin

www.magiccoin.vip

Paul Wan (万贯) also goes by Hehry
@ddhhxdhd (Instagram)
@mei112233 (Instagram)
+1 (343) 560-5741
+1 (437) 666-2950

Customer Service







Line Account

 

[The Punisher]

Below is the IP for the website being ran by the scammers. Big surprise that that the site is hosted in Hong Kong!

 

[The Punisher]

There appears to be a real crypto called MagicCoin and these scammers are clearly using the real crypto coin as a decoy for the fake trading site and accounts they setup. Either way, stay away from MagicCoin all together.

 

[The Punisher]

Hehry (also know as Paul Wan (万贯) is now threatening and blackmailing victims because of this thread. Now the real hunt for Hehry and the rest of his scammers begins. You cannot hide, we will find you!

Hehry（也被称为 Paul Wan（万贯）现在因为这个帖子威胁和勒索受害者。现在真正追捕 Hehry 和他的其他骗子。你不能躲，我们会找到你！

@ddhhxdhd (Instagram)
@mei112233 (Instagram)
+1 (343) 560-5741
+1 (437) 666-2950

 

[Ravenn]

Hehry (also know as Paul Wan (万贯) is now threatening and blackmailing victims because of this thread. Now the real hunt for Hehry and the rest of his scammers begins. You cannot hide, we will find you!

Hehry（也被称为 Paul Wan（万贯）现在因为这个帖子威胁和勒索受害者。现在真正追捕 Hehry 和他的其他骗子。你不能躲，我们会找到你！

@ddhhxdhd (Instagram)
@mei112233 (Instagram)
+1 (343) 560-5741
+1 (437) 666-2950

 

[PK494]

China is cracking big on cryptos, therefore there’s so much volatility as of now. Some people might said the Chinese government has too much power to impose something like this but this is their only harsh way to stop their bad apples from conducting criminal activities through the untraceable world of crypto.
I feel bad for people investing in crypto coins but the reality is that it has too much irregularities that make a lot of innocent victims to fall into the traps of those bad guys.
Just beware when anyone is investing, as always do lots of due diligence before putting your hard earned money into anything.

 

[Ravenn]

Hehry (also know as Paul Wan (万贯) is now threatening and blackmailing victims because of this thread. Now the real hunt for Hehry and the rest of his scammers begins. You cannot hide, we will find you!

Hehry（也被称为 Paul Wan（万贯）现在因为这个帖子威胁和勒索受害者。现在真正追捕 Hehry 和他的其他骗子。你不能躲，我们会找到你！

@ddhhxdhd (Instagram)
@mei112233 (Instagram)
+1 (343) 560-5741
+1 (437) 666-2950

Yes, let’s get these evil scammers

 

[peacetoforex]

@The Punisher I fully agree with you. MagicCoin is certainly a scam. These scammers are evil and have no humanity. The world will be a better place if they're all in jail.

 

[NRG11]

100% scam no question about it. Crypto will get regulated by governments one day and these scammers will have everything taken from them and put in jail

 

[Jim2020]

Thank for posting this.
Crappy website with no contact information,
ridiculous white paper with stolen pictures, fake names and false claims
Typical chinese scam for sure!