Recovery File · LCR-2026-016
Invest505 presented as a “managed crypto fund” with a sleek portal and a dedicated “fund manager.” A Dubai-based investor funded it, then grew suspicious within weeks. Acting early made this a strong recovery.
Scam typeFake managed crypto fund
InstrumentUSDT & bank transfer
Reported loss$58,000
Timeline4 weeks
Recovered76%
Reported operatorInvest505 ↗
How it started
Z.H., 40, was pitched a “diversified managed crypto portfolio.” He deposited USDT and a bank transfer, watched the portal show gains, and planned to add more.
Where it went wrong
A withdrawal test was met with a “performance fee settlement” demand. Rather than pay, he checked the firm’s registration, found nothing, and contacted us within the month.
“I did a small withdrawal test first. When that got blocked, I stopped and called you.”
The recovery, step by step
- We rewarded fast actionReporting within weeks meant the trail was still warm.
- We traced the USDTIt moved to a single exchange deposit address still holding a balance.
- We prepared the bank recallFor the transfer portion, filed promptly with his bank.
- We requested a freezeThe exchange held the destination funds pending review.
- We secured a strong returnA freeze release plus a bank recall returned $44,100.
76%Outcome: $44,100 of $58,000 recovered. A withdrawal “test,” early suspicion, and fast reporting are exactly what makes recovery succeed.
Warning signs we flagged
- “Managed funds” with no verifiable registration or custodian.
- A “performance fee” demanded before withdrawal.
- Portals showing gains you can’t actually withdraw.
- Pressure to add funds after a “successful” small test.
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