Press Release: Coinhitex Uncovers Coordinated Defamation and Extortion Scheme by Fraudulent Actor "Alex Muller" and FunZoneNews

Coinhitex, a leading cryptocurrency platform since 2018, is issuing this press release to expose a coordinated defamation and extortion attempt by individuals using false identities. A defamatory article titled "Coinhitex.com: A Crypto Fraud Unmasked" was recently published on the website FunZoneNews, authored by "Alex Muller," falsely accusing Coinhitex of fraudulent activities.

Following an internal investigation, it has been discovered that "Alex Muller" is not a legitimate journalist but an alias used by individuals engaged in a web of fraudulent operations. These include the management of both FunZoneNews and the sc@m website fraud-protection.me. Fraud-protection.me, which operates under the email help@fraud-protection.me, masquerades as a fund recovery service, targeting individuals who have lost money in sc@ms, offering false promises of recovery in exchange for a fee. This recovery sc@m is a well-known tactic used to exploit victims further, rather than help them.

In addition, our findings show that the administrator of FunZoneNews, operating under the alias "forumone," is yet another identity linked to this network. Posts on the forum are designed to promote fraudulent schemes, including recovery sc@ms that prey on victims by luring them into paying for non-existent services. This deceptive setup is part of a larger pattern of exploitation, and Coinhitex is one of the latest targets.

Extortion Demand: Evidence of Malicious Intent
After Coinhitex's legal team demanded the removal of the defamatory article, we received an email response from a suspicious email address, site_manager_1@zohomail.eu, which was quickly identified as fraudulent. The individual behind the email, posing as "Alex Muller," demanded a ransom of 500 USDT TRC20 in exchange for removing the article from FunZoneNews. This brazen demand not only highlights the malicious intent behind the false article but also underscores the lack of professionalism from those involved. Responding from a fake email account further demonstrates their attempt to cover their tracks and avoid accountability for their actions.

The fact that this ransom demand came from a fraudulent Zoho Mail address confirms that the defamation campaign was not motivated by any journalistic intent but was a deliberate effort to extort Coinhitex under the guise of misinformation. Such extortion attempts show the depths these bad actors will go to discredit legitimate businesses and exploit them for financial gain.

Legal Actions and Exposure
Coinhitex will not be intimidated by these fraudulent tactics. We are taking immediate action to expose this network of sc@mmers and will be issuing a detailed press release to major media outlets. Our legal team is also pursuing all available legal avenues to ensure that those responsible for this defamation and extortion are held accountable.

Protecting the Cryptocurrency Community
We urge the cryptocurrency community to remain vigilant against recovery sc@ms and fraudulent media outlets like FunZoneNews. Always verify the legitimacy of recovery services and be cautious of anyone requesting payments or sensitive information under false pretenses.

Coinhitex remains committed to providing secure, reliable services to its users, continuing its mission to protect the cryptocurrency space from fraudulent actors.

For media inquiries, please contact:
Coinhitex Team
Email: info@coinhitex.com
Website: www.coinhitex.com

Coinhitex Wallet
667 Madison Ave
New York, NY, 10065
support@coinhitex.com

Since 2018, Coinhitex has established itself as a trusted platform within the cryptocurrency industry, offering secure trading, wallet services, and innovative blockchain solutions. Known for its open-source API support and transparency, Coinhitex is dedicated to maintaining trust and security within the decentralized finance ecosystem.

This release was published on openPR.