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Author Topic: BitexBay Is a scam Exchange  (Read 552 times)
eceuysal512
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September 05, 2018, 07:33:37 PM
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 #1

Scamming Exchange Site:: BitexBay.com

Scammers Profile: https://bitcointalk.org/index.php?action=profile;u=2128246 and https://bitcointalk.org/index.php?action=profile;u=2329988 :
Ann Link: https://bitcointalk.org/index.php?topic=4838557

Scammed AMount: Unlimited
Payment Methood: Various

Reason and Proof 1: Archive: https://archive.is/TjaCC on this archive you can see their mismatch calculation. It should be Latest Price(BTC)   24H Volume*24H Volume= 24H Amount(BTC)
It might be not exact of these rule but it should be approximate. But they are totally different for almost all currency. They showed a lots of trading volume actually they have not. They update it by typing where it should be updated on each trade.

Reason and Proof 2: After lisiting a coin if they have good deposit then they disable withdraw of the coin. There are too many coins who have no option to withdraw. To check this you have to create an account on their site. Archive: https://archive.is/RuOcu

Reason and Proof 3: They are locking account who has good deposits. To see proof you can join their discord. Sorry but they have removed their discord link and I have no access of their channel.

Reason and Proof 4: They have removed all their contact info from their site. They send direct message on discord to the project admin to list their coin. And on their support link they have no contact info or form. Archive: https://archive.is/zq4tf

Reason and Proof 5: Buy and sell order is too much difference. In this case there is no chance to make transaction. But according to them they had a lots of transaction and its volume is good. For example you can see: http://prntscr.com/kr0xay
To check it more you can just check trade of any currency for 24 hours. if there is trade of 0.001 btc on their volume you would be able to see few bitcoin.


Few More referrence:
*** https://bitcointalk.org/index.php?topic=4763106.0
*** https://bitcointalk.org/index.php?topic=4929002.0
*** https://bitcointalk.org/index.php?topic=665858.3800
*** https://bitcointalk.org/index.php?topic=3744621.msg42929285#msg42929285
*** https://bitcointalk.org/index.php?topic=2496037.msg43296766#msg43296766
*** https://bitcointalk.org/index.php?topic=4644964.msg42929204#msg42929204

1. https://bitcointalk.org/index.php?topic=4838557.msg44392596#msg44392596
2. https://bitcointalk.org/index.php?topic=4838557.msg44639193#msg44639193
3. https://bitcointalk.org/index.php?topic=4838557.msg44929014#msg44929014
4. https://bitcointalk.org/index.php?topic=4838557.msg44974181#msg44974181
5. https://bitcointalk.org/index.php?topic=4838557.msg45111175#msg45111175
6. https://bitcointalk.org/index.php?topic=4838557.msg45111890#msg45111890
7. https://bitcointalk.org/index.php?topic=4838557.msg45168761#msg45168761
8. https://bitcointalk.org/index.php?topic=4838557.msg45171188#msg45171188
9. https://bitcointalk.org/index.php?topic=4838557.msg45183692#msg45183692
10. https://bitcointalk.org/index.php?topic=4838557.msg45187436#msg45187436
11. https://bitcointalk.org/index.php?topic=4838557.msg45199087#msg45199087
12. https://bitcointalk.org/index.php?topic=4838557.msg45204603#msg45204603
There are many more proof. You would be able to find out if you search on bitcointalk.


Conclusion: By above discussion it is proved that it is a scam exchange site.


BitexBay
bitexbay
bitexbay.com

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Reply with quote  #2

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September 06, 2018, 09:00:24 PM
 #2

I have checked it and according to your proof it is 100% scam exchange.
r34tr783tr78
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September 06, 2018, 11:29:14 PM
 #3

Are they holding your money? You should post evidence of that. Your links just go to the archive.is for a page that ask for a login. Dont you have scans of your account?

eceuysal512
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September 12, 2018, 03:02:21 PM
 #4

Are they holding your money? You should post evidence of that. Your links just go to the archive.is for a page that ask for a login. Dont you have scans of your account?
See an example:

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r34tr783tr78
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September 13, 2018, 03:42:34 AM
 #5

Alright the negative balance is indeed strange. But can you show evidence of the blocking of accounts for no reason?

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September 13, 2018, 03:47:23 AM
 #6

Alright the negative balance is indeed strange. But can you show evidence of the blocking of accounts for no reason?
I have been blocked before posting here. And they have already removed discord link from their website. and while posted this topic there was no contact info even no contact form on their website. their a lots of people complained that their account has been locked. Also they banned them. I have been banned as I ask why disable withdraw option.
Edit: And also you can get few proof from links I have mentioned on my first post.

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r34tr783tr78
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September 17, 2018, 03:22:28 PM
 #7

I checked your links and they seem legit but many are dead. They have indeed some accusations of scamming.

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September 19, 2018, 07:13:31 PM
 #8

I checked your links and they seem legit. They are indeed scammers.
Thanks for checking and understanding.

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September 21, 2018, 08:15:31 AM
 #9

Ridiculous, see this

I got minus balance in Stock Exchange too
https://static.dingtalk.com/media/lADPDgQ9qRCPRpTNAx3NBPk_1273_797.jpg_620x10000q90g.jpg

the reason of minus balance is you over-sold your coin, which means you earned A LOT MONEY by using their system bug, and you are the one to blame after robbing money from others and slandering them.

I see you saying this exchange is a scam everywhere, why are you doing this? Are you from their rival exchange? Did they rob your money? Can't you trade?

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September 21, 2018, 08:54:45 AM
 #10

Ridiculous, see this

I got minus balance in Stock Exchange too
https://static.dingtalk.com/media/lADPDgQ9qRCPRpTNAx3NBPk_1273_797.jpg_620x10000q90g.jpg

the reason of minus balance is you over-sold your coin, which means you earned A LOT MONEY by using their system bug, and you are the one to blame after robbing money from others and slandering them.

I see you saying this exchange is a scam everywhere, why are you doing this? Are you from their rival exchange? Did they rob your money? Can't you trade?


There are a lots of evidence I have provided. I have provided link which I cant edit. Your image can be edited. And also you are a agent of bitexbay. Proof: https://archive.is/2OMA6

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r34tr783tr78
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September 22, 2018, 12:03:13 PM
 #11

Ridiculous, see this

I got minus balance in Stock Exchange too
https://static.dingtalk.com/media/lADPDgQ9qRCPRpTNAx3NBPk_1273_797.jpg_620x10000q90g.jpg

the reason of minus balance is you over-sold your coin, which means you earned A LOT MONEY by using their system bug, and you are the one to blame after robbing money from others and slandering them.

I see you saying this exchange is a scam everywhere, why are you doing this? Are you from their rival exchange? Did they rob your money? Can't you trade?



Yes this newbie is an obvious alt account of the exchange owner. They did the same with other accounts and posts https://bitcointalk.org/index.php?action=profile;u=2300900
This is typical scammer activity. But many of your links on the OP are dead. If they are indeed scammers and you want to nail them you have to find more evidence of scam activity.

eceuysal512
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September 22, 2018, 12:13:07 PM
 #12

Ridiculous, see this

I got minus balance in Stock Exchange too
https://static.dingtalk.com/media/lADPDgQ9qRCPRpTNAx3NBPk_1273_797.jpg_620x10000q90g.jpg

the reason of minus balance is you over-sold your coin, which means you earned A LOT MONEY by using their system bug, and you are the one to blame after robbing money from others and slandering them.

I see you saying this exchange is a scam everywhere, why are you doing this? Are you from their rival exchange? Did they rob your money? Can't you trade?



Yes this newbie is an obvious alt account of the exchange owner. They did the same with other accounts and posts https://bitcointalk.org/index.php?action=profile;u=2300900
This is typical scammer activity. But many of your links on the OP are dead. If they are indeed scammers and you want to nail them you have to find more evidence of scam activity.
Now noting more need to proof they are scam. Anyone would be able to understand that they are scam. Scammers main profile link https://bitcointalk.org/index.php?action=profile;u=2329988 has 0 posts now. It is the proof of their scamming. All of their post has been removed. From both profile posted on same topic that is also removed. As a result many proof has been lost. So, how much info anyone need to make them conscious. Negative trust on their profile will not bear any result. Because main account has no post. they are promoting from alternate account. So, anyone make any trade on bitexbay will make them looser. Nothing else. I can make conscious to anyone but can make anu restriction to trade. So, if anyone want to trade their that is their wish.

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October 01, 2018, 02:44:09 PM
 #13

I'd avoid it at all costs.

Three of their accounts at Bitcointalk have been removed, not exactly sure why as with it it removes all the scam accusations in those threads, its like giving them a free way to get back as they simply register a new account and go from there.

We paid them a 0.15 BTC listing for two trading pairs, after all the scam accusations came in I disputed the payment and requested a removal of our token. To our surprise Paypal didn't decide the case in our favor despite the account being registered to a certain Miaoqi Su from Singapore. No reference to China or the US at all.

After some digging I found more information and confronted them with it, which they neither denied or confirmed, instead they chose to ignore it completely.

It appears they are pretending to be based in China and the US while running the exchange from Singapore. i suppose its illegal without the needed licenses and that being the reason they try to hide their identity. They just made one mistake, accepting the listing fee through Paypal that revealed their true identity.

The father of this Miaoqi girl is an expert in python, machine learning, and anything else you need to know to set up a crypto currency exchange so I suppose his Paypal account has already been banned and uses his daughters name instead. I'm not sure what kind of lies they came up with to win the Paypal dispute, it could very well be that they denied any involvement in the exchange and pretended the money was for something entirely different.
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October 01, 2018, 03:07:04 PM
 #14

I'd avoid it at all costs.

Three of their accounts at Bitcointalk have been removed, not exactly sure why as with it it removes all the scam accusations in those threads, its like giving them a free way to get back as they simply register a new account and go from there.

We paid them a 0.15 BTC listing for two trading pairs, after all the scam accusations came in I disputed the payment and requested a removal of our token. To our surprise Paypal didn't decide the case in our favor despite the account being registered to a certain Miaoqi Su from Singapore. No reference to China or the US at all.

After some digging I found more information and confronted them with it, which they neither denied or confirmed, instead they chose to ignore it completely.

It appears they are pretending to be based in China and the US while running the exchange from Singapore. i suppose its illegal without the needed licenses and that being the reason they try to hide their identity. They just made one mistake, accepting the listing fee through Paypal that revealed their true identity.

The father of this Miaoqi girl is an expert in python, machine learning, and anything else you need to know to set up a crypto currency exchange so I suppose his Paypal account has already been banned and uses his daughters name instead. I'm not sure what kind of lies they came up with to win the Paypal dispute, it could very well be that they denied any involvement in the exchange and pretended the money was for something entirely different.
You have found this scam thread after being scammed. If you search earlier then you could stay away from being scammed.

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October 07, 2018, 09:26:29 AM
 #15

I'd avoid it at all costs.

Three of their accounts at Bitcointalk have been removed, not exactly sure why as with it it removes all the scam accusations in those threads, its like giving them a free way to get back as they simply register a new account and go from there.

We paid them a 0.15 BTC listing for two trading pairs, after all the scam accusations came in I disputed the payment and requested a removal of our token. To our surprise Paypal didn't decide the case in our favor despite the account being registered to a certain Miaoqi Su from Singapore. No reference to China or the US at all.

After some digging I found more information and confronted them with it, which they neither denied or confirmed, instead they chose to ignore it completely.

It appears they are pretending to be based in China and the US while running the exchange from Singapore. i suppose its illegal without the needed licenses and that being the reason they try to hide their identity. They just made one mistake, accepting the listing fee through Paypal that revealed their true identity.

The father of this Miaoqi girl is an expert in python, machine learning, and anything else you need to know to set up a crypto currency exchange so I suppose his Paypal account has already been banned and uses his daughters name instead. I'm not sure what kind of lies they came up with to win the Paypal dispute, it could very well be that they denied any involvement in the exchange and pretended the money was for something entirely different.
You have found this scam thread after being scammed. If you search earlier then you could stay away from being scammed.

If the exchange is a true scam, then why are there no reports here that nobody has been able to withdraw their funds ? Can anybody here confirm (screenshots) that no withdrawals were successful???

And if so, we can report the site to the hosting provider:  https://www.alibabacloud.com/report#abuse
and e-mail provider: https://mail.qq.com/contact_us_english.html

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eceuysal512
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October 07, 2018, 06:16:56 PM
 #16

If the exchange is a true scam, then why are there no reports here that nobody has been able to withdraw their funds ? Can anybody here confirm (screenshots) that no withdrawals were successful???

And if so, we can report the site to the hosting provider:  https://www.alibabacloud.com/report#abuse
and e-mail provider: https://mail.qq.com/contact_us_english.html

If you search then there are lots of topic about bitexbay scam. and they deleted all their post which they posted on by those account. Now they are opening new accounts and promoting via new accounts.

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D3m0nKinGx
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October 07, 2018, 06:42:31 PM
 #17

If the exchange is a true scam, then why are there no reports here that nobody has been able to withdraw their funds ? Can anybody here confirm (screenshots) that no withdrawals were successful???

And if so, we can report the site to the hosting provider:  https://www.alibabacloud.com/report#abuse
and e-mail provider: https://mail.qq.com/contact_us_english.html

If you search then there are lots of topic about bitexbay scam. and they deleted all their post which they posted on by those account. Now they are opening new accounts and promoting via new accounts.

I've seen it, again i'll repeat this once more... if it's a scam where's the withdrawals that didn't successfully process ?

I just did a withdrawal of BTC from their exchange yesterday that was sent and confirmed to my trex account (after arbing doge across the exchange 3-10% profit and then withdrawing):


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October 11, 2018, 06:45:49 PM
 #18

Bravo!
You are right. Proven today!
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October 12, 2018, 03:39:00 AM
 #19

It was pretty obvious, even if you only looked at the volume they reported on their front page; for example, I'll quote what I wrote elsewhere in august:

Quote
bitexbay's volume numbers are obviously fabricated, at the moment they show 51,882 btc volume on the month, 12,105 btc on the week -- (7/30)*51882==12105.8 -- not to mention that in the past 8 days, their 30 day volume has supposedly gone from around 14k btc to 51k btc.

There were a couple other times I checked as well (I could dig them up if anyone wants), and the ratio matched perfectly each time .. not to mention that there is no way on earth they would have such volume.
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October 14, 2018, 06:30:32 PM
 #20

Fake volume isn't enough to label them as scammers. One successful withdrawal isn't also ground to say that they arent scammers. There are other accusations and its very strange that their posts were all deleted. But more evidence of scam activity is necessary.

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