7 Ways How to Report a Scam Exchange

[BestCoinInvestments]

In this article, we look over the 7 ways how to report a scam exchange.

So you have been scammed by a shady exchange. This is nothing new in the cryptocurrency field, and many of us have been there. Precedents like BiteBTC.com, Coinsmarkets.com, Bitconnect, Bitpetite and many more have “exit-scammed” and stole their users' funds. Although previous practice shows that there is not much you can do about this situation, we stress it's not all that black and white.

We contacted many lawyers and people who are connected with law and finance. They all say that you should better forget about your money/investment which you lost because there is literally nothing you can do. The main reason being that these companies have a hidden true beneficiary and they choose specific countries where to register. Mostly those are countries with high-risk jurisdictions which aren't cooperating with international organizations. In addition, it is relatively easy to become a licensed registered agent within these countries. The competition has grown fierce, costs have gone down, and it’s easy to start a reselling business and still offer attractive pricing while raking in a nice margin.

You can check the list of some of these countries and our advice on how to report scammy exchanges in the links provided in our recent article:
https://bestcoininvestments.com/7-ways-how-to-report-a-scam-exchange/

Best of luck, and always research the exchange you are willing to do business with! After all, it's your hard earned money!

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[hugeblack]

Your words are true. People should not be discouraged from tracking their money/coins after losing it. Cryptocurrencies are built on transparency "except some altcoins" and everything is recorded. You will not lose your right just asking for it without despair.

The current situation is different from the past, there is more understanding of the nature of this technology until the United States has recovered some of the hacked coins [27BTC].  ----> Bitfinex Recovers Stolen BTC with US Government’s Help and Reimburses Clients

Even after you use the mixing service you are not safe. ----> Breaking Mixing Services 

[Salauddin1994]

You said right now, most of the exchanger has been working with their security, and in the future they will work with their security, now the security arrangements which are very good, they are working with their security, There are also many exchanger who comes with the idea of scams.

[anu1908]

You said right now, most of the exchanger has been working with their security, and in the future they will work with their security, now the security arrangements which are very good, they are working with their security, There are also many exchanger who comes with the idea of scams.

dude i don't understand a single thing that you said here. i suggest you improve your post quality and read what the op is about before you post a reply to a thread.

[socks435]

You said right now, most of the exchanger has been working with their security, and in the future they will work with their security, now the security arrangements which are very good, they are working with their security, There are also many exchanger who comes with the idea of scams.

dude i don't understand a single thing that you said here. i suggest you improve your post quality and read what the op is about before you post a reply to a thread.

Everything is security. 

Don't troll it is also a bad habit and don't post only just to tell him about improving his post quality because both of you is the same wearing sigs.