Compilation of all "Scam Accusations" threads related to exchanges

[Raja_MBZ]

Opening post updated with all the exchanges.

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[Raja_MBZ]

Livecoin:

The total number of accusations: 6
The number of major accusations: 2

List:

6. Livecoin.net Scam

5. Livecoin.net stealing clients ETH assets

4. Livecoin took the money and ran

3. LiveCoin - ETH Scam Confirmed

2. Livecoin - did they exit.

1. Livecoin exchange - thieves and scammers

Note: It seems like they had some sort of Ethereum (and ERC20) deposits related issue a couple of years ago (which I believe is no more present). As it's a low-volume exchange, trade with low-funds only.

[Raja_MBZ]

Opening post updated.

I've decided to keep this thread unlocked from now on for any suggestions/updates/requests/etc.

[Chris!]

FYI CryptoBridge exit scammed a while ago. I'm not sure what you're considering major or not, but there are lots of people out lots of crypto. I lost about 0.12BTC personally.

https://bitcointalk.org/index.php?topic=5207458.msg53735110#msg53735110

[Raja_MBZ]

FYI CryptoBridge exit scammed a while ago. I'm not sure what you're considering major or not, but there are lots of people out lots of crypto. I lost about 0.12BTC personally.

https://bitcointalk.org/index.php?topic=5207458.msg53735110#msg53735110

Thanks for the information! Well, sad to hear that you lost some of your precious BTC at CryptoBridge. I've removed CryptoBridge. Moreover, the "Last updated" section of the table tells about the last updates of the exchange platform. As CB's Last updated was September 2019, it meant that its complaints were last updated in September 2019 (and there weren't many complaints at that time).

[Raja_MBZ]

Paradex:

The total number of accusations: 0
The number of major accusations: 0

List:

<none>

Note: Low-volume exchange. Be careful while depositing funds in a large amount.

[Raja_MBZ]

Mercatox:

The total number of accusations: 9
The number of major accusations: 3

List:

9. MERCATOX.COM Exit Scam! Beware you will lose your Money!

8. How Am Currently Being Scammed At Mercatox

7. Doge Gold Coin SCAM FAKE list on Mercatox

6. Dont list your coins in MERCATOX! They will delisted !

5. MERCATOX POTENTIAL SCAM !!!!!!

4. Mercatox.com EXIT SCAM / STOLE all the users fund - CLASS ACTION LAWSUIT ONGOING

3. mercatox.com - Beware!

2. MERCATOX.COM Exchange SCAM! Beware you will lose your Money!

1. MERCATOX BTC WITHDRAWAL

Note: Most of the scam accusations are from 2017/2018.

[Raja_MBZ]

Opening post updated.

[Raja_MBZ]

BitPanda:

The total number of accusations: 3
The number of major accusations: 0

List:

3. Bitpanda Scam

2. BitPanda.com pretends they cannot verify me after keeping my money

1. Bitpanda.com (Bitpanda) possibly is a scam. Bitpanda scammed for 3000 euros.

Note: Not many scam accusations around.

[Raja_MBZ]

Tradence:

The total number of accusations: 0
The number of major accusations: 0

List:

<none>

Note: Low-volume exchange. Be careful while depositing funds in a large amount.

[Raja_MBZ]

TradeSatoshi is closing down. Interestingly, it was marked red in the opening post.

It'll shortly be removed, along with the addition of Tradence and BitPanda.

[Raja_MBZ]

Opening post updated:

>Tradence added.
>TradeSatoshi removed.

[Raja_MBZ]

PIT:

The total number of accusations: 1
The number of major accusations: 0

List:

1. A scam report for pit.blockchain.com

Note: By blockchain.com.

[Raja_MBZ]

Blockchain.com:

The total number of accusations: 0
The number of major accusations: 0

List:

<none>

Note: Zero scam accusations.

[squatter]

Raja_MBZ, you may want to update your entry for CoinBene. I was planning to create an account there because I saw that they list several tokens I had lying around. A bit of research turned up several scam accusations on the forum and elsewhere:
1) https://bitcointalk.org/index.php?topic=5138863.0
2) https://bitcointalk.org/index.php?topic=5138863.msg50925601#msg50925601
3) https://bitcointalk.org/index.php?topic=5159105.0
4) https://bitcointalk.org/index.php?topic=4955146.0
5) https://bitcointalk.org/index.php?topic=2674080.msg45891945#msg45891945
6) https://bitcointalk.org/index.php?topic=2674080.msg53959745#msg53959745

There are also allegations that CoinBene was hacked last year. Instead of coming clean about it, they supposedly covered it up and put the affected wallets into maintenance mode permanently:

On Monday (March 25, 2019), there were massive outgoing transactions from CoinBene’s hot wallet to an unknown wallet that did not exist prior to that Monday. These transactions reportedly involved every single ERC-20 token (totaling 109) held by the company.

Those tokens include huobipool token (HPT), pundi X (NPSX), maximine coin (MXM) and udoo (UDOO). The latter two will prove important later on in this narrative.

The following day (March 26, 2019), Cointelegraph reported an announcement from CoinBene stating that the platform was undergoing maintenance. However, several reports were circulating at the time that the cryptocurrency exchange had been hacked.

On March 27, 2019, the day after CoinBene’s maintenance announcement, data scientists at Elementus — a blockchain infrastructure firm — published a report that described the fund transfers out of CoinBene’s hot wallet bore all the hallmarks of a hack.

“After leaving CoinBene, the tokens were quickly moved into Etherdelta, where they were sold for ETH. A large amount of funds were also moved into centralized Exchanges, including Binance, Huobi, and Bittrex. The funds continue to move into exchanges as I write this.”

The more I research, the worse things look for CoinBene. I would avoid this exchange like the plague!

[Raja_MBZ]

Raja_MBZ, you may want to update your entry for CoinBene. I was planning to create an account there because I saw that they list several tokens I had lying around. A bit of research turned up several scam accusations on the forum and elsewhere:
1) https://bitcointalk.org/index.php?topic=5138863.0
2) https://bitcointalk.org/index.php?topic=5138863.msg50925601#msg50925601
3) https://bitcointalk.org/index.php?topic=5159105.0
4) https://bitcointalk.org/index.php?topic=4955146.0
5) https://bitcointalk.org/index.php?topic=2674080.msg45891945#msg45891945
6) https://bitcointalk.org/index.php?topic=2674080.msg53959745#msg53959745

There are also allegations that CoinBene was hacked last year. Instead of coming clean about it, they supposedly covered it up and put the affected wallets into maintenance mode permanently:

On Monday (March 25, 2019), there were massive outgoing transactions from CoinBene’s hot wallet to an unknown wallet that did not exist prior to that Monday. These transactions reportedly involved every single ERC-20 token (totaling 109) held by the company.

Those tokens include huobipool token (HPT), pundi X (NPSX), maximine coin (MXM) and udoo (UDOO). The latter two will prove important later on in this narrative.

The following day (March 26, 2019), Cointelegraph reported an announcement from CoinBene stating that the platform was undergoing maintenance. However, several reports were circulating at the time that the cryptocurrency exchange had been hacked.

On March 27, 2019, the day after CoinBene’s maintenance announcement, data scientists at Elementus — a blockchain infrastructure firm — published a report that described the fund transfers out of CoinBene’s hot wallet bore all the hallmarks of a hack.

“After leaving CoinBene, the tokens were quickly moved into Etherdelta, where they were sold for ETH. A large amount of funds were also moved into centralized Exchanges, including Binance, Huobi, and Bittrex. The funds continue to move into exchanges as I write this.”

The more I research, the worse things look for CoinBene. I would avoid this exchange like the plague!

You're probably the first person to contribute to this thread. I really appreciate your effort and would like to request others around to do the same as well, if they feel something has gone wrong.

I'll have a look at the threads you provided right away and will update accordingly.

Merited, thanks!

[Raja_MBZ]

Coinbene updated.

[Raja_MBZ]

Binance:

The total number of accusations: 5
The number of major accusations: 0

List:

5. Binance Started To Scam People! Be Aware!

4. BINANCE INDEPENDENCE DAY GIVEAWAY on TWITTER: SCAM.

3. Binance Giveaway Scam

2. Fake Binance competition. Scammer stealing ETH from people's.

1. Fake giveaways by using name of Binance decentralized exchange. Be careful !

Note: Scam accusations are mostly related to giveaways.

Updated, after about 8 months.

[Raja_MBZ]

OKEx:

The total number of accusations: 3
The number of major accusations: 0

List:

3. Scam Okex Exchange Launch Fake IEO

2. [SCAM] Okex is a SCAM

1. OKEX scam or not scam?

Note: Not many scam accusations around.

Updated, after about 8 months.

[Raja_MBZ]

Kucoin:

The total number of accusations: 5
The number of major accusations: 2

List:

5. [SCAM] KuCoin 1 Million USD Rewards Kucoin Play SCAM - Never Use KuCoin

4. Do Not Keep your tokens in KuCoin Exchange for a long term

3. Beware From Kucoin Exchange!!

2. WARNING about KuCoin

1. KuCoin shares scam

Note: Even though there are very fewer Scam Accusations, you should still be careful while trading at Kucoin because of their shady (and empty) head office.

Kucoin updated after about 8 months. Two new scam accusations have been added.