DG Coin Investigation: dgcoiner.com, dgcoineap.com and $1.5 Million Cryptocurrency Loss
Case Type: Cryptocurrency Scam / Pig-Butchering Scam / Digital Investigation
Case ID: CASE-2026-013
Investigation Status: Open
Published: August 2026
Investigated By: Cyb3rsect.com
Executive Summary
Cyb3rsect has opened an investigation into DG Coin, including the domains dgcoiner.com and dgcoineap.com, following an official warning from the Washington State Department of Financial Institutions (DFI).
On July 15, 2026, Washington State DFI published an alert titled:
“Alleged cryptocurrency trading platform DG Coin Exchange may be fraudulent.”
DFI states that it received a complaint from a Washington investor concerning DG Coin Pro, also known as DG Coin.
The reported loss is:
$1,515,000
DFI categorizes the case as both a:
Cryptocurrency Scam
and
Pig-Butchering Scam.
According to the complaint described by DFI, the investor was introduced to the investment opportunity through an individual encountered on LinkedIn identified as WenChao Wang.
The investor subsequently deposited Bitcoin into what they believed was a DG Coin trading account.
When the investor attempted to withdraw funds, they were reportedly told that the account had been frozen because of suspicious activity and that a verification process was required.
The investor was then allegedly instructed to deposit 30% of the account’s current value.
The complaint states that the investor deposited approximately:
$400,000
but remained unable to withdraw funds.
DFI reports that the investor lost more than $1.5 million.
1. Official Regulatory Warning
The Washington State DFI alert is the primary source for this investigation.
The alert identifies:
- DG Coin
- dgcoiner.com
- dgcoineap.com
The regulator reports a loss of:
$1,515,000
and classifies the matter as:
- Cryptocurrency Scam
- Pig-Butchering Scam.
DFI emphasizes that the factual details and losses reported in the complaint have not been independently verified by DFI.
Accordingly, the allegations in this report are presented as reported allegations unless independently established.
2. How the Investor Was Introduced
According to the complaint described by DFI, the investor encountered an individual named:
WenChao Wang
through:
The investor was subsequently introduced to DG Coin.
This type of approach is particularly important in pig-butchering investigations because the relationship-building stage can occur before an individual is asked to make substantial financial deposits.
Investigators should therefore preserve the complete communication history rather than only the investment transactions.
Relevant evidence may include:
- LinkedIn messages.
- Profiles.
- Phone numbers.
- Emails.
- WhatsApp messages.
- Telegram messages.
- Investment instructions.
- Website links.
3. The DG Coin Trading Account
The investor reportedly deposited Bitcoin multiple times between:
December 2025 and January 2026
into what they believed was a DG Coin trading account.
A critical forensic question is whether the trading activity displayed inside the DG Coin account represented genuine transactions.
DFI reports that the public blockchain records showed a movement pattern that was not consistent with the records displayed to the investor through the DG Coin account.
This distinction could be extremely important.
A trading dashboard can display balances and transactions, but blockchain records provide an independent record of cryptocurrency transfers.
4. The $400,000 Verification Deposit
When the investor attempted to withdraw funds, DG Coin customer service reportedly stated that the account had been frozen because of suspicious activity.
The investor was allegedly told that a verification process was required.
The reported requirement was a deposit equal to:
30% of the current account value
The investor reportedly deposited:
$400,000
but still could not withdraw the funds.
This alleged payment is a major investigative priority.
Investigators should identify:
- The exact date.
- Cryptocurrency used.
- Wallet address.
- Transaction hash.
- Person or entity requesting the payment.
- Explanation provided for the verification requirement.
- Subsequent movement of the cryptocurrency.
5. Blockchain Evidence
One of the strongest aspects of this case is the blockchain information described by Washington State DFI.
According to the regulator, after each investment the investor’s Bitcoin was transferred multiple times through different cryptocurrency wallets.
The Bitcoin was subsequently:
Swapped for USDT
and:
Bridged to TRON
DFI reports that the USDT was subsequently swapped for USDD and transferred to additional wallet addresses.
This provides an important independent investigative trail.
The blockchain should therefore be analyzed transaction by transaction.
6. The Blockchain Trail
A forensic reconstruction should establish:
Investor
↓
DG Coin deposit address
↓
Intermediate wallets
↓
USDT conversion
↓
TRON
↓
USDD
↓
Additional wallet addresses
The DFI alert identifies two destination addresses associated with the reported transaction flow:
TY7TgHkrZjp11wCaSqbaWBZzK4oTYX6U3h
and
TBByDL5xMZg67xchYXaH9N5rb79cx4MVfA.
Wallet addresses alone do not establish the identity of their controller.
However, they provide valuable starting points for blockchain attribution.
7. Website and Mobile Application Concerns
DFI also identified concerns involving mobile applications associated with DG Coin.
The regulator states that the websites contained application download links that did not appear to direct users to reputable application marketplaces such as:
- Google Play Store
- Apple App Store
Instead, the links reportedly prompted users to install:
iOS Mobile Configuration Profiles
or:
Android APK files
DFI warns that these methods can bypass normal device-security protections.
The regulator further states that files associated with DG Coin were flagged by security vendors as possible phishing scams designed to steal sensitive personal information.
This creates a second investigative dimension beyond the financial allegations:
Was the application infrastructure itself being used to compromise users’ devices or credentials?
That question requires technical examination of the original application files.
8. Pig-Butchering Classification
DFI categorizes DG Coin as a:
Pig-Butchering Scam
This classification is significant because these schemes can involve a relationship-building stage before substantial financial deposits are requested.
The reported LinkedIn introduction should therefore be examined alongside the subsequent investment communications.
Investigators should determine:
- How long the contact lasted.
- Whether investment advice was gradually introduced.
- Whether the individual claimed professional trading expertise.
- Whether the investor was directed toward DG Coin.
- Whether the person remained involved after deposits increased.
- Whether other identities or accounts were used.
9. Domain Investigation
The two domains specifically identified by DFI are:
dgcoiner.com
and
dgcoineap.com.
Third-party website analysis reports that dgcoiner.com was registered on December 23, 2025, and currently has privacy-protected registration information. Scam Detector gives the domain a low automated trust score of 19.5/100 and labels it “New. Suspicious. Dubious.”
Automated reputation scores should be treated as supporting intelligence rather than definitive evidence.
The DFI warning and blockchain evidence are considerably more important investigative sources.
10. Evidence Classification
VERIFIED
- Washington State DFI issued a DG Coin warning on July 15, 2026.
- DFI identifies DG Coin, dgcoiner.com and dgcoineap.com.
- DFI records a reported loss of $1,515,000.
- DFI categorizes the matter as cryptocurrency and pig-butchering scams.
- DFI reports the investor was introduced through LinkedIn.
- DFI describes the alleged $400,000 verification deposit.
- DFI describes blockchain movements involving Bitcoin, USDT, TRON and USDD.
- DFI identifies two destination wallet addresses.
- DFI reports concerns regarding application downloads associated with DG Coin.
REPORTED / ALLEGED
- WenChao Wang introduced the investor to DG Coin.
- The investor believed they were using a legitimate trading platform.
- DG Coin allegedly froze the investor’s account.
- The investor was allegedly required to deposit 30% of the account value.
- The investor allegedly lost more than $1.5 million.
UNVERIFIED
- The identity and location of the DG Coin operators.
- Whether WenChao Wang was directly connected to the platform operators.
- The ultimate controllers of the identified wallets.
- Whether the displayed DG Coin trading activity was fabricated.
- Whether the associated mobile applications were deliberately designed for phishing.
- Whether additional domains were operated by the same individuals.
11. Investigator’s Assessment
DG Coin represents a particularly significant cryptocurrency investigation because the available evidence extends beyond website claims and user reports.
The Washington State DFI warning identifies a reported $1.515 million loss, a LinkedIn introduction, an alleged $400,000 verification payment, and a blockchain transaction pattern that DFI says did not match the records shown to the investor.
The regulator also identifies cryptocurrency movements involving Bitcoin, USDT, TRON and USDD, creating a substantial blockchain trail for further analysis.
The reported use of non-standard mobile application installation methods creates an additional cybersecurity concern.
The investigation should therefore focus on three primary areas:
1. Identity and relationship attribution
Who introduced the investor to DG Coin and who controlled the communications?
2. Financial attribution
Where did the investor’s cryptocurrency ultimately go?
3. Technical attribution
Who controlled the domains, applications, hosting infrastructure and associated cryptocurrency wallets?
Investigation Status: OPEN
PRIMARY INVESTIGATIVE CLASSIFICATION: CRYPTOCURRENCY / PIG-BUTCHERING INVESTMENT SCHEME
12. What Investors Should Preserve
Anyone who interacted with DG Coin, dgcoiner.com or dgcoineap.com should preserve:
- LinkedIn messages.
- WhatsApp conversations.
- Telegram messages.
- Emails.
- Website screenshots.
- Trading-account screenshots.
- Wallet addresses.
- Transaction hashes.
- Exchange records.
- Deposit instructions.
- Withdrawal requests.
- Application files.
- Installation instructions.
- Phone numbers.
- Social-media profiles.
Do not provide passwords, seed phrases, private keys or authentication codes.
Official Source
Washington State Department of Financial Institutions — DG Coin Alert
The Washington State DFI published its official warning on July 15, 2026, identifying DG Coin, dgcoiner.com and dgcoineap.com and reporting a $1,515,000 loss. The alert also contains the regulator’s description of the blockchain transaction pattern and mobile-application concerns.
Washington State Investment Scam Tracker
The DFI tracker lists DG Coin under cryptocurrency and pig-butchering scams with a reported loss of $1,515,000.
Investigation Notice
This report is based on publicly available information and regulatory material reviewed by Cyb3rsect.com at the time of publication.
The investor allegations and reported losses originate from the complaint described by Washington State DFI. DFI expressly states that the factual details and reported losses have not been independently verified.
The blockchain movements described above are based on the regulator’s public alert.
The inclusion of any individual, website, domain or platform in this report does not by itself establish criminal conduct or fraud.
Where information could not be independently established, it has been identified as reported, alleged or unverified.
Investigation Status: OPEN
CASE ID: CASE-2026-013
