Morgarbits.com – Homepage (Fraudulent Trading Platform)

A Californian reports being introduced to the crypto trading site at morgarbits.com by a chat group on WhatsApp. After participating in the chat group, the victim invested $10,000 in crypto on the MorgarBits site. Over time, the victim believed their balance had increased to over $50,000. But when the victim tried to withdraw funds, a representative for the site said the account was under “SEC control” and therefore froze the account. The victim has not been able to withdraw their funds and the site is no longer operational. The victim reports the chat group referred to the trading site by various names including MorgarBits and ExpertExchangeTrades.