Fraxtrade

Fraxtrade is recorded on the SARFund database as a reported NFT minting drainer. The case is currently in pending disbursement and has been assigned for coordination with the assigned independent recovery partner.

Common across the case file: operators demanded “tax” or “verification” fees before withdrawal and required upfront deposits routed through obscure custodial wallets. These behaviours, combined with operated through impersonated KYC documents, are the basis on which SARFund classified the platform as a verified scam broker.

Public chatter on Quora question threads, Google Search complaints and TrustPilot complaints shows the same recurring complaint structure: deposits go in, dashboard “earnings” appear, withdrawal requests trigger fee demands, and contact eventually goes silent.

What victims should do

If you deposited funds with this platform, file a claim with SARFund as soon as possible. Provide transaction hashes, wallet addresses, deposit dates, and any communication with the operator (Telegram, WhatsApp, email). The fresher the evidence, the higher the chance of a successful trace.

Why details on this case stay redacted

The Recovery Partner field, victim count, and traced-wallet figures are masked on the public registry. This is deliberate: publishing partner identities or live victim counts compromises tracing operations and tips off counterparties. Verified claimants receive the partner contact privately after submitting evidence.

Have transactions linked to Fraxtrade? File a claim with the evidence checklist and SARFund will verify within 48 hours. We never charge to file and we never custody recovered funds.

SARFund does not guarantee recovery. All recovery actions are conducted by independent partners. Submission is free. SARFund is an intermediary case registry, not a recovery firm.