Fedlio / BiteBTC SCAM Exchange

[Dazedconfused11]

Hi all,

This has been reported a few times on the internet but as BiteBTC works to rebrand themselves I felt it was vital we share the information that BiteBTC is a scam and their new brand > Fedlio Exchange is mostly likely a scam as well.

Proof

Fedlio openly discusses how they are the same team from BiteBTC >> Soure: https://www.cryptoninjas.net/2019/07/15/bitcoin-exchange-bitebtc-reopens-as-fedlio-to-return-frozen-user-funds/

CoinMarketCap even warns users against using BiteBTC. The warning states, " We have received reports that user deposits are being withheld. Please be careful with your funds." Soure: https://coinmarketcap.com/exchanges/bitebtc/

Furthermore, if you google BiteBTC exchange you will see a ton of user reports that the exchange stole user funds. There are multiple telegram groups regarding this issue as well. Both exchanges seem to be ran by the same scam artist whom one can only hope that he gets caught red handed with his scam.

Fedlio Exchange claims to be backed by a big bank but there is 0 information from the actual bank to support their claims.

DO NOT USE FEDLIO EXCHANGE THEY ARE A SCAM! Be Careful friends!

[fratoshi]

Fedio said it will enable accounts again, but reports from twitter are another story

[joniboini]

Wow, the old BiteBTC is back. I have a terrible experience with them and I do hope they're gone for good.

Never use this exchange, it's more than just a pain in the ass. They'll need your KYC again probably.

[inheritor]

They'll need your KYC again probably.

Yes, you are right. They blocked accounts asking KYC through Seychelles Commercial bank.
The asking to perform the following steps:

These steps are necessary to restore your funds:

1. Download the Source of Funds Compliance document attached, print, fill and sign it.

2. Send the signed document by mail to:
Attn: SCB Account Department
3-201 Independence Ave, Mahe Mahe island, Seychelles

Please note, that Fedlio doesn't have its own customer verification department. In this regard, all requests relating to the KYC sent by e-mail will be rejected.

[fratoshi]

Someone from this forum already sent an email to the Seychelles Commercial bank and they reply saying they doesn't know anything about Fedio or Bitebtc.

It is obvious a scam. If you send your documents they will probably use it for something shady, be careful.

[pixelised]

It's 2020 now and this exchange is still scamming. They do this by withholding the ability to withdraw your funds.

When you try to withdraw, you'll be greeted with a "Security alert detected - abnormal activity detected. Please contact support." message.

I've opened a support ticket with them that hasn't been asnwered for days now. I expect to never see my funds.

Beware of Fedlio!

[maggalder12]

Beware of Fedlio, they will lock you out of your account without any credible reasons and decline all withdrawal requests to steal your money. I was able to get it back with help from a Recovery Pro. They are clearly taking advantage of ignorant customers. You can reach me to share my experience if you are in a similar situation and have also lost money, you will recover everything you lost. maggiealder12 {at} gmail,com

[dkbit98]

I think that I remember them from the time when they tried to extort money from one developer...
Now they are thinking that with new name they can just continue with that practice

[MeBender]

Why do people keep using these new shit exchanges that offer nothing new and end up being scams when there are countless trusted exchanges to choose from?

[dkbit98]

Why do people keep using these new shit exchanges that offer nothing new and end up being scams when there are countless trusted exchanges to choose from?

Because some shitcoins and shitokens are only listed on exchanges like this, and people are forced to use them.
Good exchanges on other hand are charging ridiculous amount of money just to list a coin.

[maggalder12]

Beware of Fedlio, they will lock you out of your account and decline all withdrawal requests to steal your money. Fortunately, I was able to get it back with help from a Recovery Pro.  You can reach me if you have also lost money in binary options and cryptocurrency trading, you will recover everything you lost. maggiealder12 {at} gmail,com