Regulatory Status: UNAUTHORIZED / IDENTITY THEFT | Status: ACTIVE ASSET DRAINER
Banqnote Limited (banqnote.com) is a high-velocity 'Sha Zhu Pan' (Pig Butchering) scam syndicate. Our forensic audit confirms the platform hijacks the identity of a dissolved UK entity (No. 13919427) to lend a veneer of legitimacy to its fraudulent dashboards. The operation utilizes **Synthetic Profit Fabrication (SPF)** to deceive victims into making high-value USDT deposits, followed by a mandatory 'Tax Clearing' extortion phase where users are blocked from all withdrawals until an external 20%+ fee is paid.
| Firm Type | Pig Butchering Syndicate (Sha Zhu Pan) |
|---|---|
| Entity Fraud | Impersonating Dissolved UK Co. #13919427 |
| Primary Red Flag | Mandatory 20% "Tax Clearing Certificate" Fee |
| Recruitment Method | LinkedIn Professional Poaching / Romance Scams |
| Digital Footprint | High-Risk Shared Infrastructure (Serials Clustering) |
| Regulatory Warning | UNAUTHORIZED (Verified via FCA Check) |
Banqnote Limited is a textbook execution of the 'Sha Zhu Pan' (Pig Butchering) model. The fraud progresses through three distinct technical stages: Trust Acquisition (Social Engineering), Capital Inflation (Synthetic Profits), and Asset Extraction (Tax Extortion). **Any funds sent to "unlock" withdrawals will be lost immediately.**
Technical investigation into banqnote.com reveals a sophisticated decoupled frontend. While the platform displays real-time market data to appear legitimate, the user-specific "Profit & Loss" (PnL) metrics are controlled via a centralized backend administrative panel. This Synthetic Profit Fabrication (SPF) is used to create an emotional "high" in the victim, bypassing rational risk assessment and driving massive secondary deposits.
Our analysts have also documented the hijacking of BANQNOTE LIMITED (UK Registration 13919427). The original company was dissolved in late 2024; however, the scammers continue to present these outdated incorporation documents to victims as "proof" of stability. This use of "Ghost Entities" is a common tactic to stall legal intervention and confuse law enforcement.
The most dangerous phase is the "Tax Clearing" Extortion Trap. When a victim attempts to liquidate their USDT balance, the platform generates a fraudulent "Tax Demand" notice. It claims that because the profits were generated in a "foreign jurisdiction," the victim must send a 20% deposit from an external wallet to verify their identity. Legitimate brokers never require external deposits for tax—they simply withhold the amount from the existing balance. This is a definitive signature of an organized crime syndicate.
Banqnote syndicates are increasingly utilizing LinkedIn for recruitment. Scammers pose as "Wealth Management Consultants" or "Market Analysts," often using stolen professional photos. If you are introduced to an investment platform via a direct message on a professional network, cease all contact immediately.
| Synthetic Profits | User dashboards show faked growth to trigger larger deposits. |
|---|---|
| The Tax Trap | Demanding external USDT deposits to 'pay taxes' on profits. |
| Social Recruitment | Recruitment via romance platforms and professional networks (LinkedIn). |
| Zero Transparency | No verifiable physical address, company officers, or licenses. |
I was introduced to Banqnote by a woman I met on LinkedIn. Everything looked professional. I saw my $25,000 turn into $60,000 on the site. But when I tried to withdraw, they told me I had to pay $12,000 in 'security fees.' I paid it, and then they asked for $5,000 more for 'GAS fees.' Now they won't reply to my emails.
The person I was talking to on Tinder for two months suggested this site. It's a complete fake. The charts are just animations. Once you put money in, it's gone. Don't believe the 'mentors' who say they use this site. They are part of the scam.
Every time I try to withdraw, I get a new excuse. First it was KYC, then it was tax, then it was a 'wallet upgrade.' They just want you to keep sending more money. banqnote.com is a black hole for your money.
No. While they may use names similar to legitimate entities, Banqnote Limited (banqnote.com) is not registered with any major financial regulator. It is an offshore shell operation designed to defraud investors.
Stop sending money immediately. The 'tax' was a lie to steal more of your funds. The scammers will continue to invent new fees as long as you keep paying. Break all contact with the scammers and report the wallet addresses used to your exchange and local authorities.
Recovery is difficult but not impossible if the funds haven't been 'cashed out' to a fiat currency yet. We can perform a technical blockchain trace to locate your funds and identify the exchanges used by the scammers →
Forensic Blacklist Status
Status: CRITICAL SCAM ALERT
Confirmed Tactics: Pig Butchering, Synthetic Profits, Advance-Fee Tax Extortion.
Advice: Immediate cessation of all contact. Do not provide further personal data.
If you've lost funds to Banqnote Limited, our forensic investigators can help you build a case. We specialize in tracing stolen cryptocurrency and documenting scam syndicate operations for legal and recovery purposes.
Risk Warning: Investing in unregulated platforms carries a 100% risk of total loss. This forensic review is based on aggregated victim reports and technical analysis of banqnote.com's operational footprint.
Legal Notice: No legitimate investment firm will ever ask for an upfront 'tax' payment to be sent via cryptocurrency to a private wallet.