TheCoinTrust broker scam, operated by SPT Media LLC in St. Vincent & The Grenadines, is another brand of the same cybercrime network that also operated the vanished TradeVtec via different offshore entities such as Universal Services LLC and UMedia LLC. In our review on 15 July 2022, no payment option was available for deposits. Thus, we assume that TheCoinTrust broker scam may soon vanish with the clients’ money. We would like to learn more about the boiler rooms and the facilitators behind the scam.
Key data
| Brands | TheCoinTrust |
| Related scam brands | TradeVtech, Universal Markets, UMarkets, UMarketsPro, UnionMarkets.Group SwissMarketFX, SwissMarkets, SolTechX, and counting |
| Domain | www.tradevetech.io www.tradevtech.com, www.tradevtech.net, www.tradevtech.email |
| Legal entities | UMedia LLC (SVG), est. Sept 2020 UM Media LLC (Marshall Islands) Universal Services LLC (SVG), est. Oct 2019 SPT Media LLC (SVG) |
| Jurisdictions | St. Vincent & The Grenadines Marshall Islands Bulgaria |
| Broker platform | Sirix by Leverate |
| Payment processor | BridgerPay |
The scam narrative
TheCoinTech is only one of many scams operated by the legal entities, boiler rooms, and people of a cybercrime network that also operated dozens of other vanished broker scams. The vanished brands TradeVtech, Universal Markets a/k/a UMarkets a/k/a UMarketsPro have also been operated by this network.
Report scammers
If you have any information about TheCoinTrust, TradeVtech, UMarkets, UMarketsPro, Universal Markets, or other broker scams, their entities, and people, please share it through our whistleblower system, Whistle42.
