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Investment Scam Tracker

Alleged Cryptocurrency Trading Site Flashtradeinc.com Appears to Be Engaged in Fraud

  • DFI cannot assist in recovering lost cryptocurrency funds.
  • This alert is meant to notify and educate the public.
  • The factual details and losses reported have not been verified by DFI.
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November 12, 2025

About

In summer 2025, a Washington investor met an individual using the name Alexanda Basett (“Basett”) on a dating app and later moved their conversations to WhatsApp and Telegram. Bassett told the investor that he lived in Seattle, Washington. Basett created a romantic connection with the investor before convincing them to invest in cryptocurrency. Basett had the investor buy Bitcoin (“BTC”) and Ethereum (“ETH”). Then he had the investor transfer the BTC and ETH to flashtradeinc.com. 

Once on flashtradeinc.com, Basett instructed the investor on how to trade cryptocurrency. However, when the investor tried to withdraw their investment proceeds, flashtradeinc.com told them that the withdrawal was subject to an 18% tax and would incur a 2% late fee each day the tax went unpaid. The investor made this payment but was still unable to withdraw their funds. Bassett was also supposed to meet the investor in person in August of 2025 but did not show up. Instead, Bassett began threatening to release the investor’s intimate images if they did not send him $100,000. Before the investor was able to cut off communications, Basset made repeated attempts to threaten them, including contacting their friends on Instagram. 

How to Report

If you believe you are a victim of this alleged cryptocurrency scam:

Other Resources

Subjects

Flashtradeinc.com

Loss Reported

$50,000