Bitcoin Forum

Has anyone heard of this trading platform ?

Does anyone have experience of it ?

Any information would be very helpful .

It doesn't seem to have any online presence. I found this result on another site's trustpilot page, someone was asking about them now just like you are now:

https://www.trustpilot.com/review/gname.com

I wouldn't recommend using them. I don't see why would you use them, when there are dozens of reputable exchanges out there anyway, what's so special about them that you want to try and can't find anywhere else?

No records of them any where mate. I tried trust pilot but simply no reviews or recommendations from anyone. I also checked up the domain on whois and it was registered this year which makes it obvious new And has not even been updated since January. I also tried downloading their software from play store but it couldn't be found on my app store which gives it a red flag already for me. I used one of my mobile device to try download their software from the link provided on the web but my device detected a malicious app and thus unable to download. So I'll advice you to stay away from this website and find some other reputable exchange to trade on.

We should all avoid using any new or unknown trading platform that enters the system as it may be a new scam designed to steal people's hard-earned money. However, if someone has extra money to spare and is willing to take a chance, then by all means try the platform out; I am confident that there is no harm in trying. Don't attempt to utilize the site to trade or buy with money you can't lose, though.

First time I've heard of this exchange, are you sure that you're going to use it? It would be totally risky of you to use it because no one can vouch for this website. Heed what @OmegaStarScream just said, it would be really good for you to be safe. I'm also a little skeptic about this and you're someone that knows about this website and I feel like you're one of those accounts that indirectly advertises your website by making it look like you're a newbie that doesn't know anything so you try and pique the curiosity of other people so you do this kind of thing, or I'm just being paranoid.

You are being completely paranoid.
I know someone who is having a problem so I reached out in the hope that those with far more knowledge than me can provide a little help or information.

Yes..it's a new website.
Limited traffic....no online presence......no-one has heard of it.....all red flags.

BTW...thank you all for the advice you have provided....big big help.

We might be able to give you "on what you can do" if you don't mind sharing more details about the nature of the problems you're facing. I just hope it's not a "withdrawal issue" otherwise that would prove the above points.

With the first reply OmegaStarScream has made that the trading platform is not having online platform representation, this also could tell more on how harmful the use of such platform could be, i will advice you don't use them, we have many other well recognized trading platforms online starting from Binance exchange and many other if crypto trading is what you're considering, use them and be rest assure that you're not going to risk yourself too much.

That's not an indicator, look at bitcointalk:

Anyhow the whole website screams cheap copy scam incoming.

Their terms are copied from different exchanges, the support page is the same, and most importantly the news, this one is from 2018 when the website didn't exist
https://kexbui.com/#/announcement/details?id=3184195587415212032

I assume some scammers have a cloned template of the former KEX.com exchange and they used that for their "new" exchange.

The HTTP protocol[/p] is a red flag itself ~no Encryption of data which is really sucks for a website that will be handling personal details and funds :-\

checked their Domain too still young

https://www.talkimg.com/images/2024/05/29/LVp4P.png

they still run a fake app (to me)...
...
https://www.talkimg.com/images/2024/05/29/Lj2i8.jpeg
permission
https://www.talkimg.com/images/2024/05/29/LrZtP.png

It is not bad to be paranoid if it will save you from losing your funds, because you distrust new and suspicious services and do not use them, until it is 'proven' that it isn't run by scammers.

You haven't said what the problem is, however, if the 'person you know' deposited money into this exchange and they are being asked to deposit extra funds in order to be able to withdraw, then tell the 'person you know' that they have been scammed.

I have a feeling this was OP's reply to indirectly promoting accusation posted above their post. 🤔 Sad that OP did not use the quote function so it would be clearer or perhaps they don't know how.

If I'm right, then I hope they understand as we have seen far too many cases of subtle promotion in the forum lol. But I did thought at some point that people may be jumping the gun too soon but then again, I can't blame them.

Why are u bringing this up? Dead on arrival exchanges. They only do this to syphon new and ignorant traders.

"You haven't said what the problem is, however, if the 'person you know' deposited money into this exchange and they are being asked to deposit extra funds in order to be able to withdraw, then tell the 'person you know' that they have been scammed."


Z-Tight...you have hit the nail on the head...that is exactly it.....requiring another deposit in order to make a withdrawal.


I hope the confirmation of this problem can assure the sceptics out there that I am not endorsing this exchange...far from it.

I thought as much, this is usually the case anytime someone falls victim to these scam exchanges. I am sure you now have your answer, the funds are lost for good, and if 'the person you know' deposits another money into that platform, they'll confiscate the money and ask for another deposit, they'll do so until their victim gives up and accept their losses.

I hope the victim in this case didn't deposit a lot of money here?

Now that we know he is obviously getting scammed, just for the sake of it, did the person in question somehow get into contact with somebody (most likely female) on some social website and she advised him how much money she made, got him to deposit, he made a fortune with great returns and when he wanted to cashout suddenly he needs to pay some sort of taxes before getting his money?

Even if it's a different scenario, you could open another topic, or at least update the title of this one with the words "scam" or anything else in it, it would help others who would google for this!

 Yep..... 100 % correct.

They were contacted by a good looking female , suggested to deposit , they made money , withdrawal ok .
This continued for a while without any problems.

Then a bigger investment was advised on a different platform , which he did and then the funds were frozen.

Then he was asked to make another deposit (20% of the total value of his accounts from a more regulated exchange) in order to access his funds so they could then be released to his other wallets.

So , I take it that there is absolutely no way for this person to retrieve his funds ?

Yeah, there is absolutely no way to get the money back, your friend has been scammed and this is a very common scam. The platform he deposited money into is controlled by these scammers, so there is no money to withdraw and they will keep requesting that their victim makes extra deposits to be able to withdraw, until the victim gives up.

So this is a lesson to your friend, they should use reputable exchanges only and ask questions first when they are in doubt. It is common for people to ask questions after they have been scammed and not before, and it is not nice.

Is that an absolute certainty that the funds cannot be retraced ?
Obviously the funds that were sent to Kexbui cannot be reclaimed ....but... if the person was asked to invest in previous exchanges (and made a profit) previously , is there not a way to trace these transactions ?

Several times they wee advised to deposit into Kraken and they did so ..they were to able to access the funds and send them back to their bank account. This was obviously part of the same scam so is it possible that there links to the perpetrators ?

I do not know too much about crypto and it all seems very complex but ..is it possible to find a link .....or completely impossible ?

One way to recover the funds would be through law enforcement but you must know for a fact that the funds you sent to the scammer have been moved to a specific regulated exchange. The law enforcement could use that information to contact the exchange, and get the personal information of that person.

Obviously, though, if the person is not from the same country as you, it probably doesn't really help in any way, unless there are millions of dollars involved I would imagine.

Using law enforcement agencies can be okay to go after those involved in the act. But to be able to do a proper tracking, the transaction harsh would be needed so as to determine the exchange the funds were pulled out to so that they can contact them and take every necessary procedures and steps in recovering the funds from the scammers.

If the funds are huge, trust me the agencies involved would definitely go after them but as you have said, if it is otherwise, I think they would not out much efforts but to keep track of the Scammer to monitoring their activities so that they could get them whenever the opportunity avails itself.

The complexity all depends on how the perps hid their traces. For instance, there's a good chance perps were using verified exchange accounts from buy and sell market.

You also have to pray your local law enforcement would be cooperative on day to day cases such as this. I've seen cases in where the victim tries to contact the exchange in order to freeze any remaining funds from the perpetrators' account  but eventually flopped because they couldn't get ahold of their local authorities.

Nevertheless, try to still file a report esp if your cybercrimes unit is competitive. If they end up being a part of a large crime ring, it's likely law enforcement could spend a good amount of resources on them. I've seen cases of US busting crime rings of such scam scheme fairly recently as well.

The funds can be traced, the problem is what do you do next!

First, you (the victim) must file a complaint with law enforcement, no exchange will act on just an email and some screenshots, they have no way of knowing which one is the true story, and they will act only when some official asks for an inquiry.

The problem is the time, by the time this will arrive the funds will be of course gone, most like the user on that exchange will be a fake one, and even if they were stupid enough to use a legit one you would still be faced with the trouble of filing a civil lawsuit against a foreigner that might not have a thing on this name so you have nothing to take even if you win the case.
That's the problem with those scams, by the time you realize it's a scam the worst is already done.

Of course, filing a complaint is the way to try to do something and if those pile up law enforcement might do something that at least will scare them but recovery of funds...slim chances.