CryptoXChange

[theymos]

Who is owed money by CryptoXChange? Did anyone get paid back?

Any reason not to scammer-tag him?

[1714780578]

1714780578

[1714780578]

1714780578

[1714780578]

1714780578

[augustocroppo]

I am certain that Cryptoxchange was planned scheme to defraud customers from the begin. The crooks build an "ethical" reputation to lure Internet users to use the exchange platform. Then, when users trusted them with a substantial quantity of money, they decided to close the scheme. They even fooled a moderator to act against one of the victims. Once the minor complains against them started to pop up, they suddenly closed the exchange with a false promise to return customers funds. At that time, I had initiated a careful investigation to discover the identity of the crooks. My investigation uncovered that the company behind the exchange never had any authorization to perform AML checks, even less to retain funds from customers based on KYC policies. Once the crooks realized the consequences of my investigation, they convinced an active forum user to reinforce their false guarantees. On 28th November 2012 they promised to return funds in 6 weeks. During that period of time, I received several requests from Cryptoxchange customers to help them to recover their funds. Up to now, the users did not indicated that their funds were returned.


Economy > Trading Discussion > Scam Accusations > CryptoXchange: Crooks!

https://bitcointalk.org/index.php?topic=126552.0

[Phinnaeus Gage]

It's never a good sign when theymos peeks outside his "caverne" and starts a thread in Scam Accusations. 

[epetroel]

Yup, they owe me about $5,900 and I've had no communication on my recent support tickets or any hint that I'll ever be getting my money back. 

[21after2]

It's never a good sign when theymos peeks outside his "caverne" and starts a thread in Scam Accusations. 

That's what I was thinking. Must be serious if the admin is bringing it up.

[theymos]

It's never a good sign when theymos peeks outside his "caverne" and starts a thread in Scam Accusations. 

That's what I was thinking. Must be serious if the admin is bringing it up.

Someone asked me about CryptoXChange, but I was unsatisfied with the existing threads, so I created this one. I don't consider this case to be much more important than others.

I never used CryptoXChange, so the fact that I created this topic should not be seen as testimony against them.

[Phinnaeus Gage]

It's never a good sign when theymos peeks outside his "caverne" and starts a thread in Scam Accusations. 

That's what I was thinking. Must be serious if the admin is bringing it up.

Someone asked me about CryptoXChange, but I was unsatisfied with the existing threads, so I created this one. I don't consider this case to be much more important than others.

I never used CryptoXChange, so the fact that I created this topic should not be seen as testimony against them.

Duly noted. Thanks, theymos, for that important clarification. (seriously)

[Monster Tent]

It appears they got away with a  lot of money going by some of the threads about them.

[Phinnaeus Gage]

False alarm!  

First, I want everyone to know - that all that nonsense that was posted on the Bitcointalk forum yesterday was not about me. In fact, I have not been on that forum in quite a while. My forum account was compromised, and now I'm locked out, having to depend on others to post what I'm thinking, and of the fun I'm not having here in sunny Oz.

Either way please DO NOT trust or believe anything that has been or is being posted by my Bitcointalk forum account.

This post will self-destruct in 5...4...3...

Love you guys.

Ken

[epetroel]

False alarm!  

First, I want everyone to know - that all that nonsense that was posted on the Bitcointalk forum yesterday was not about me. In fact, I have not been on that forum in quite a while. My forum account was compromised, and now I'm locked out, having to depend on others to post what I'm thinking, and of the fun I'm not having here in sunny Oz.

Either way please DO NOT trust or believe anything that has been or is being posted by my Bitcointalk forum account.

This post will self-destruct in 5...4...3...

Love you guys.

Ken

I don't get it.  Which "posts from yesterday"? 

[dustintrammell]

Who is owed money by CryptoXChange? Did anyone get paid back?

Any reason not to scammer-tag him?

They currently hold ~$12k USD of mine and have not responded to support requests or emails in over a month.  $10k of that USD had been requested as withdrawals via wire transfer BEFORE they announced their shutdown and were in the "Booked" (pending) state.

They did however return all of my BTC (~240 BTC) that was in my account on 11/19 and 11/28.  The BTC withdrawal requests were made upon their announcement to shut down but the transfers on 11/28 were not processed until I emailed and complained:

Status: 8004 confirmations
Date: 11/28/2012 14:40
From: unknown
To: 1KZJZGgDRwahqNVxK4LM4aDnYPHJVhJNZc (own address, label: Crypto X Change Withdrawal)
Credit: 0.004 BTC
Net amount: +0.004 BTC
Transaction ID: 05ead153ceafa055317fcd147c8cff3f588b4a312eaa4a55a4b57aae4cc8640e

Status: 8005 confirmations
Date: 11/28/2012 14:40
From: unknown
To: 1KZJZGgDRwahqNVxK4LM4aDnYPHJVhJNZc (own address, label: Crypto X Change Withdrawal)
Credit: 199.9995 BTC
Net amount: +199.9995 BTC
Transaction ID: 636ecd1626dcb84db9d62386bb42e750fefa70d8fd4799a660b4b63e9233d9bd

Status: 9327 confirmations
Date: 11/19/2012 23:34
From: unknown
To: 1KZJZGgDRwahqNVxK4LM4aDnYPHJVhJNZc (own address, label: Crypto X Change Withdrawal)
Credit: 39.84827994 BTC
Net amount: +39.84827994 BTC
Transaction ID: 50b98dabebcaa292c54d4b9626c395d33fe5f148d9ef34333aff32d7f5137fa6

I suspect they are insolvent.

[augustocroppo]

I suspect they are insolvent.

No, they are not.

Just look at my investigation to notice how many business they have.

They returned part of your funds only to "buy" more "patience" from you.

It is very unlikely that you will recover the remaining funds.

[Monster Tent]

I suspect they are insolvent.

No, they are not.

Just look at my investigation to notice how many business they have.

They returned part of your funds only to "buy" more "patience" from you.

It is very unlikely that you will recover the remaining funds.

This is a well honed method in bitcoinland and works over and over again.

[Phinnaeus Gage]

Remember this interview? http://www.youtube.com/watch?v=sOY7LmwLAEM

[theymos]

OK, I scammer-tagged him.

[Phinnaeus Gage]

OK, I scammer-tagged him.

No, wait! This was good for at least 50 pages, now you ruin it for everybody. 

Good job, they! Can I call you they? In RL, I many a times shorten multisyllable names to using only the first syllable.

[stochastic]

OK, I scammer-tagged him.

There are lots of others, for example, that need that prestigious tag as well.

[iambaboon]

Everybody agrees to the scammer tag.

I opened a separate thread for those who would like to pursue this further on, to see how many of us were scammed and gather some more proof on that:
https://bitcointalk.org/index.php?topic=142130.0

[ravinp2000]

I have opened an account with CryptoXchange with my other e-mail address (pmravindran20@rediffmail.com) in 2012 & my Bitcoin wallet is: 1CWxx7y9cYHC13zuQYDiZBBgNW6vU4Z6CR.
They have also verified my Bank account of India.
In September 2012, I have received 90.33BTC and by CryptoXchange, I kept this money with them.
However all of a sudden they closed down without paying up equivalent amount or returning my Bitcoins and my many attempts to contact them have failed and all my mails got bounced.
It all started by blocking my access to my account.
Later to my horror, I found from google search that my own money, 90.33BTC have been stolen by someone intentionally, as below:
 
Address1CWxx7y9cYHC13zuQYDiZBBgNW6vU4Z6CR
Hash1607e5426c9712b36628984c0282310da08811937a9
Transactions2 (1 in, 1 out)


Total BTC In90.33000000
Total BTC Out90.33000000
Current Balance0.00000000
Formats[json]
Transactions
 
TxBlockAddressTypeValueTotal
c23400c882460658a33603780dcd640b87f769427fef364afc98d1a1a4e7a3751976801Kadtpf4J AWQKwmQL7PSNs1bajPLDFwMfd
->90.3300000090.33000000
798b331c72b0f2f263ed5020bf72bda82cc6888000c3f06a94ed61aca7f35bf4197819
1AgtGHvLnefe2f4B2BrwT5AtUoa1qR48t5
(32.48000000)
1DDNfTh4C129Jv6UQhYCWCDCqV8XrCHNaV
(57.85000000)
 
This is very clear that CryptoXchange started operation with a criminal mindset to rob their un-suspecting clients and I am a victim.
Is there a way out to get my money back ?
Please help.
 
Thanks,
PM.Ravindran
Mumbai - India