CoinW6
Last changed 2026-10-27 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 0 → 26. Problems weighed by who is responsible: the subject's own conduct −125, problems around the subject, caused by others −1.5; legitimacy credit long-running +8; no established finding that it defrauded anyone, so it stays out of the red band; fact-check adjustments (−5) now shown as page reliability, not in the score. Version history →
Why this score
| Every page starts at | 65 |
| The subject's own conduct | -125 |
| Problems around it, caused by others | -1.5 |
| Long-running | +8 |
| Sum | -53 |
- No established finding that it defrauded anyone, so it stays out of the red band (26 or above).
Score: 26/100 (kept between 0 and 100)
How scoring works →Summary
CoinW6 is a fraudulent cryptocurrency trading platform at the center of the SEC's first-ever enforcement action targeting a pig butchering (relationship investment) scam, filed September 17, 2024 in the U.S. District Court for the Central District of California (Case No. 2:24-cv-07924). According to the SEC's complaint, operators of CoinW6 posed as wealthy professionals on LinkedIn and Instagram, cultivated romantic relationships with victims over WhatsApp, then directed at least 11 investors to a fake trading interface that displayed fabricated returns, stealing approximately $2.2 million between July 2022 and December 2023. As of mid-2026, the case remains pending, with the SEC seeking service by publication after defendants failed to appear.
Connected Entities
2 entities · 23 linked investigations- CoinW6→mentioned with→Bybit(60%)
Connected Through
2 shared actors · 23 investigationsDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- □Bybitorganization
- ♦CoinW6token
Timeline(8 events)
1 July 2022
CoinW6 scheme allegedly begins, with operators contacting victims on LinkedIn and Instagram and developing romantic relationships over WhatsApp.
SEC Complaint (comp-pr2024-134-coinw6.pdf)31 December 2023
CoinW6 scheme period ends, per the SEC complaint. At least 11 investors allegedly defrauded of approximately $2.2 million.
SEC Press Release 2024-13417 September 2024
SEC files complaint against CoinW6 in U.S. District Court, Central District of California (Case No. 2:24-cv-07924), in the agency's first-ever enforcement action targeting a pig butchering scheme. A companion NanoBit action is filed simultaneously.
SEC Litigation Release LR-2611121 April 2026
SEC files request for clerk to enter default in the CoinW6 case.
PACER Monitor — SEC v. CoinW6 Docket22 April 2026
Court issues notice of deficiency regarding the SEC's default request in the CoinW6 case.
PACER Monitor — SEC v. CoinW6 Docket23 April 2026
SEC withdraws its motion for default judgment in the CoinW6 case.
PACER Monitor — SEC v. CoinW6 Docket16 June 2026
U.S. District Court for the Eastern District of New York enters a $5.5 million default judgment in the companion NanoBit case against four entities and two individuals.
SEC Litigation Release LR-2657614 July 2026
Court grants SEC's motion for service by publication in the CoinW6 case, permitting notice via the New York Times International Edition and a public webpage, indicating defendants have not been served through standard means.
PACER Monitor — SEC v. CoinW6 DocketDecision Log
- slot 461966680 · hash FD6EQhVcqujUzJDsHoGCXjej7Yau4ffSf1kUHJg5HsLT
- slot 445508702 · hash 835qiqBZVSTcMSo63MCwqZhKPiDnGFFgbMgw4ED8SWH6
- slot 443561696 · hash 4UUhPesaiiaT2TWyPa7ja8Z6XYQJWwVX4FAjobFpNnNj
- slot 443561688 · hash 7YExkSX9HejtkjMyJ242tog3X4TFacWzCQoRAbuuYG2u
- slot 443527416 · hash CiNCLzUPSZWkkWugRFyv4GbTtfXeZjW22LvoshofMHKP
This investigation is cryptographically anchored to the Solana blockchain (5 decisions). 12 of 13 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 9/1/2026, 5:10:45 PM
last updated: 10/27/2026, 6:08:01 AM
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