Cryptorichs

Our investigation into Cryptorichs found an operation with the classic markings of an investment scam. If you are weighing a deposit — or trying to get one back — read this first.

Who is Cryptorichs?

Cryptorichs markets itself as an online trading and investment service. Its public site is presented at https://cryptorichs.com/. As with most operations of this kind, the polished front end conceals a lack of the basic protections a real, regulated broker is required to provide.

Is Cryptorichs regulated?

We could find no evidence that Cryptorichs holds a valid licence from any recognised financial regulator. Trading client funds without authorisation is one of the strongest indicators of a scam — there is no regulator to complain to, and no protection for your money.

Red flags we identified

• Aggressive “account managers” coaching clients to deposit
• No verifiable licence from a recognised financial regulator
• Withdrawals reportedly blocked behind “taxes,” “fees” or account “upgrades”
• Offshore or shell-company registration used to avoid oversight
• Unrealistic profit claims and pressure to deposit more

Our analysis

There is no any regulatory or registration information on its website, their phone number belongs to New Zealand, but we don't find the correct information on New Zealand's regulatory institution matching to Cryptorichs. The truth is that Cryptorichs is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

Can you recover money lost to Cryptorichs?

If you have deposited with Cryptorichs, do not pay any further “fees” to withdraw — that is part of the trap. Funds sent to operations like this can sometimes be traced on-chain and pursued through the exchanges and processors that received them. Whether recovery is realistic depends on how you paid and how quickly you act.