Cryptoxtrades: Cambodia's $20M Syndicate, Unmasked. Members & Addresses Exposed

To most people, the names of the three platforms in this headline will be foreign, existing in a digital underworld you have thankfully never navigated.

But for those who are considering engaging with them, have already been in contact, or, in the most severe case, have already transferred funds, completing this article is absolutely essential. We must present an unavoidable truth: a single, organized group is the architect behind all three platforms. And this group doesn't operate from the West. Its nerve center is in Cambodia.

This criminal enterprise has cheated its victims out of a sum nearing $20 million. Throughout their campaign, our publications have successfully reached a significant number of individuals, contributing to the prevention of at least $9 million in further losses. (Disclaimer: This number reflects investments halted as a direct consequence of our reports. We do not provide asset recovery services; our mission is exclusively to circulate this intelligence as broadly as possible.) Our work has drawn the syndicate's ire; we have received direct threats, and our web infrastructure has weathered coordinated cyberattacks from their hired agents. Nonetheless, we will not be deterred. Our profound hope is that this report will convince any prospective investor to immediately halt any financial involvement with this group.

For the TraderKnows community, reports on these platforms are not new. However, the staggering extent of the financial harm, along with compelling new evidence we have unearthed, has prompted us to consolidate all available intelligence. A two-part, in-depth investigation will be published shortly, exposing the full scale of the criminal operation this team has masterminded.

How do they carry out the scam?

To fully appreciate the threat, one must first understand the scammers' operational playbook before examining the platforms themselves. Their strategy is a derivative of the notorious "pig-butchering scam," specifically adapted to target investors in the United States.

The engagement begins with a contact, usually via a direct message on a social media app such as Instagram, TikTok, or Reddit. As an alternative, they might acquire your phone number or WhatsApp information to establish a private channel. The initial objective is unvarying: to maneuver you into a secluded, one-on-one conversational setting.

They adopt carefully curated personas of successful figures—veteran trading masters, sharp financial strategists, or perhaps the impossibly charismatic and affluent stranger you "happen" to cross paths with.

At this juncture, they present their "hook": an offer of "guided trades" on U.S. stocks. The sham "Tom Lee" trading community (as shown in this report) is a prime example of their bait. They draw their marks into exclusive WhatsApp groups where all services are advertised as complimentary. Once a target is inside, the "experts" will suggest popular, strong-performing stocks, which almost always results in a minor initial profit for the investor. This is a crucial, calculated step; the entire con would collapse if it began with a financial loss.

Following this, the true mechanism of the scam is activated. A barrage of scripted messages is unleashed to lure you onto their proprietary fraudulent platforms. They will dangle promises of "confidential tips" about a cryptocurrency "about to moon" or returns "a hundred times greater than stocks." With these enticements, they funnel a select group of investors into private cryptocurrency forums. Admission is granted only to those they identify as "high-value" targets who have been adequately "fattened." This process clarifies the function of the invitation codes—they are a tool for pre-qualifying their prey.

On any platform controlled by this syndicate, money, once deposited, is effectively gone forever. Any small, permitted withdrawal is not a sign of the platform's legitimacy but is merely a calculated ploy to boost your confidence and bait you into investing larger sums. When you make a request to withdraw a significant amount, you will be met with a prepared arsenal of excuses: fabricated tax obligations, claims of "account anomalies" that require large fees to resolve, or alerts that your account has been locked for "unusual operations." These baseless justifications are, of course, inexhaustible.

The final act is executed with swift, cold precision. In what amounts to their "standard operating procedure," you are blocked on all channels, your profile is erased, and you are ejected from the group chat without a word. The victim, having served their purpose, is discarded like a spent tool. The only things left are the grim aftermath of financial ruin and deep, personal betrayal.

Wealth Alliances: A persona platform serving the scam group

To project an aura of expertise, a Cambodian fraud operation needs more than a believable character; it requires the semblance of a legitimate corporate entity. It’s an operational necessity. "Wealth Alliances" was conceived for this very purpose.

Consider the situation from the victim's viewpoint: You are debating whether to trust the "expert" guiding your stock trades. You may have even seen some small returns from their advice. This is the moment they propose moving your capital to a platform you've never seen before. It is a critical juncture where you must assess their trustworthiness. And it is for this exact scenario that a polished, professional front like "Wealth Alliances" was built.

They then roll out their fabricated history. They position themselves as the founding partners of "Wealth Alliances," leading a team of supposed luminaries from world-renowned financial corporations. The website is constructed specifically to neutralize any shred of doubt.

Yet, these crafted identities fall apart under the slightest scrutiny. Consider "David Mitchell," listed as one of their key experts. A quick reverse image search reveals his photograph is a generic stock image, appearing on numerous unrelated business and advertising sites globally. The "expert" David Mitchell is an utter fiction.

The undisputed centerpiece of this operation is "Ethan James." The syndicate's activities are predominantly funneled through his persona, with other team members serving as little more than set dressing to enhance the credibility and authority of his resume.

James is presented as the visionary founder of Wealth Alliances, a figure they claim was formerly a senior director at both Goldman Sachs and Morgan Stanley. In building his legend, no exaggeration is too great. For anyone finding this tale convincing, we suggest you look at an image provided to TraderKnows by a fellow user.

Do these words truly sound like they would come from the founder of Wealth Alliances and a former top executive at Goldman Sachs and Morgan Stanley?

Introduction to NKVO: The earliest scam platform

For those seeking a deeper dive, our encyclopedia entry on "NKVO" is essential reading. This platform holds the unenviable distinction of being the subject of the most user complaints and was the first of its kind we documented. The website is now defunct.

The methods NKVO used to project an image of legitimacy are telling. The platform went as far as to register for a U.S. Money Services Business (MSB) license. However, a detailed analysis of the license's terms exposes a fundamental deception: their cryptocurrency exchange services were not included in its scope of permitted activities. The license, to put it plainly, was pure theater—a veneer of compliance created with the singular goal of gaining investor trust. When asked for specifics about this compliance, the platform, unsurprisingly, had nothing to say.

Genuine testimonials from users

The NKVO section on our website features many gut-wrenching, personal accounts from those who were targeted.

A user from the United States described being ensnared by "Ethan James" in December 2024. For six full months, he committed capital without ever requesting a withdrawal. When he eventually made two attempts to access his funds, both were denied. The devastating final act was a notice for a $160,000 fine, ostensibly for "illicit activities"—only then did he fully grasp the devastating reality that he was trapped.

A second victim, a citizen of Romania, was also drawn into the network by "Ethan James." His case had a slight variation: he was able to successfully withdraw $50,000 once.

This, however, was no indicator of legitimacy; it was simply the bait. It was the only money he would ever successfully retrieve. Though his path had a different turn, the final destination was the same: inevitable.

Furthermore, a source who contacted us via LinkedIn gave us a crucial new tip, identifying a previously unknown key player in the operation: "Ava Clark," whom they believe is as pivotal to the scheme as "Ethan James."

This is the first time "Ava Clark" has surfaced in our investigation, and we advise extreme caution. Critically, this source also alleged the syndicate operates at least two other fraudulent websites—a claim that independently corroborates our own findings.

NEKVO and Cryptoxtrades: Still operating, do not deposit!

The seeming "success" of NKVO likely motivated the syndicate to spread its risk. Adhering to the principle of not putting all their eggs in one basket, they launched two new platforms: NEKVO and Cryptoxtrades.

They used an identical playbook and the same formula. Even the cynical tactic of obtaining an MSB license to project a false sense of compliance was duplicated precisely. The only variations were the surface-level branding and the different online personas used by the scammers.

A review of user feedback for NEKVO on TraderKnows shows a clear, consistent script for denying withdrawals.

First, the platform fabricates a violation, accusing the investor of "engaging in fraudulent trades" or "generating illegal profits." Then, they state that a substantial fine must be paid before the investor is "authorized" to access their own funds.

As of today, both NEKVO and Cryptoxtrades continue to be active scams. With the negative reputation of their earlier platforms growing, the syndicate seems to be channeling its efforts into Cryptoxtrades, making it their primary vehicle for new fraud.

To any investor who might still be considering "taking a chance" on these platforms, we offer this final, heartfelt warning:

Please, take our word for it. Do not engage. No potential return is worth this risk.

In-depth exploration of the scam group, addresses and members fully disclosed

Our intelligence places the syndicate's manpower at approximately one hundred individuals. This organizational depth explains their ability to execute a criminal scheme of this magnitude; a two-person team could never extract $20 million from a global pool of investors.

We are convinced that the organization's entire operational focus has now pivoted to its latest platform: Cryptoxtrades.

Group location

All three platforms—NKVO, NEKVO, and Cryptoxtrades—are operated by a single syndicate out of a shared compound in Poipet, Cambodia, a city with a notorious disregard for human life. We encourage readers to click this link to see the location on Google Maps. The high-resolution satellite imagery is clear: endless, sprawling rows of industrial-style buildings. This is the nerve center of their enterprise.

Group members

Director: Chen Fei (alias)

Team Leader: Ye Qing (alias)

Company / Front: Baolong Phase 4, Baili Property Management

So much for the legend of "Ethan James" and his celebrated career at Goldman Sachs and Morgan Stanley. Once the lies are stripped away, their entire professional history can be stated in two words: CRIMINAL. ENTERPRISE.

Final Warning

This fraud network remains operational. Our analysis suggests they will make a move to abscond with all remaining investor funds within the next 60 days.

We strongly recommend all victims use the intelligence in this report to contact the FBI. Be advised: the syndicate's primary active platform is currently Cryptoxtrades.

Part Two of this investigation will be published soon, featuring photographs of the key figures driving this operation. Follow us for that release.

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