If you have any interaction with Stovex, Stovex-Global or Casder Institute of Wealth
The link between the Casder Institute of Wealth (casder.com) and Stovex confirms that you are caught in a highly sophisticated, multi-layered "Pig Butchering" crypto scam. [1, 2]
The scammers have set up a complete network of fake websites, fabricated news releases, and fraudulent entities to make themselves look legitimate. [1]
🎭 How the "Casder to Stovex" Scam Works
- The Legitimacy Trap (Casder): The scammers registered "Casder Institute of Wealth Inc." as an Exempt Reporting Adviser (ERA) with the SEC. They did this entirely to exploit a regulatory loophole—being an "ERA" means they filed a piece of paperwork but have never been vetted, audited, or approved by the government. They use this registration to trick victims on forums and chat groups into believing they are a real U.S. advisory firm.
- The "AI Trading" Pitch: Under the guise of a prestigious financial education group, "instructors" or "mentors" pitch a proprietary trading algorithm called Casder Vanguard AI.
- The Funnel to Stovex: They tell you that to test or use this AI, you must execute trades through their "strategic partner," Stovex Global.
- The Reality: Both Casder and Stovex are run by the exact same group of cybercriminals. When you transfer funds to Stovex, your cryptocurrency goes straight into the scammers' private wallets. The dashboard trades and profits you see are 100% fake. [1, 2, 3, 4, 5, 6]
🚨 What to Do Immediately
- Cease All Contact: Block every WhatsApp, Telegram, or email contact associated with Casder, Nathaniel Casder, or Stovex. Do not tell them you know it is a scam; simply go silent.
- Refuse All Demands for Fees: They will soon tell you that your account is locked due to "risk control," or that you owe capital gains taxes to release your funds. Do not send another dime. Any fee you pay will just be stolen.
- Ignore "Recovery" Offers: Because Casder and Stovex are heavily discussed in public scam forums, recovery scammers browse these threads looking for victims. Anyone who private messages you claiming they can "hack" Stovex or trace the money is lying to steal from you a second time. [1, 2, 3]
📝 Next Steps for Your Taxes and Security
- Download Evidence Immediately: Save your chat histories, wallet addresses you deposited to, and screenshots of your Casder/Stovex portals before they block your access.
- File Federal Cybercrime Reports: Submit the URL
casder.com,stovex.com, and all names used by the scammers to the FBI's Internet Crime Complaint Center (IC3) and the FTC Fraud Report System. - Prepare for Tax Deduction: Keep these official crime reports safe. You will need them as a paper trail to prove a theft loss deduction using IRS Form 4684 when you file your taxes.