Original Topic: Risks of the Exodus exchange function (“coin switch scam”) Author: 1miauI go just they leave dis tori for here as I dey hear say plenty newcomers dey use exodus together with the exchanges function as fah say the thing no get wahala to use (but e cost oo)
But as the matter day go e no tey wey some bad experience don they sub oo as some people wey they use am don dey bring the matter come Reddit. I no sure say this scam happened to small number of people wey day use the wallet but sha e no be one big issue like dat, but newcomers suppose dey know say the matter don happen to people, so as them dey use dis exodus of a thing make them dem dey extra careful and aware say e get as e be.
People wey them they use this thing suppose know say exodus no be exchange on it own ooo, but common a normal computer wallet wey join hand with coinswitch so that dem go fit perform exchange. Dis exchange of cryptocurrencies wey they sub for exodus no be only them day do am but with the other partners dem join hand with, so exodus dey send this cryptocurrencies so dat dem go fit exchange am with their partners dem. So tey The end of 2018 wen them exodus joins hand with another partner again called shapeshift, wey they work from Switzerland and Denver. E come reach the time wen the SEC (U.S securities exchange commission) say make the exodus bring KYC to dem wallet, na dat time exodus begin dey look for another partner wey them go join hand with.
Dis function e day under the performance of 5 provides,dis 5 provides include changelly, coinswitch and many of them, but sha report don drop as people wey dey use the exchange feature don dey complain of losing their coins
Some month wey don pass people they wey them don they complain give about it on Reddit: https://www.reddit.com/r/ExodusWallet/comments/e6rydc/beware_exodus_exchange_scam_ripped_75_via/https://www.reddit.com/r/Bitcoin/comments/ei0h8m/coinswitch_exodus_scammed_6500_euro_coinswitch/https://www.reddit.com/r/ExodusWallet/comments/egphm2/exodus_coinswitch_are_a_huge_scam/This nah small tori on how them scam them: Some people don use the exchange function in exodus and them don sent the coins, but the coins wey them exchange no come back as them promise. After they don contact the exodus nah him them tell them to contact their partners wey day incharge of the coin exchange which is the coinswitch.
Some of the people wey be victim of this don do so to contact coinswitch, but coinswitch no gree do the exchange for them and still dey no come give them their money back again, including the money wey them suppose give as compensation for the cost of transactions. Coinswitch come say they must do the exchange and request for complete KYC or they go block all the money:
SourceThey don freezes another person 6500$ and him don send the request information for the KYC o .
After the coinswitch don receive the information wey him send, they no still gree return the person coins for am but tell him say make him send video with complete information, him do dat one oo but still e no enough them and coinswitch say make him prove where him get the money from.
After him don do that one again, still them no gree release him money for him, e come reach the stage wey him mount pressure on coinswitch, him come do post for Reddit an him come lucky Exodus come day him side nah his coinswitch come return the coin o
=> E come be like say coinswitch try use KYC scope to scam the people oo (the users) and steal their coins.
Last last, I go say all this cases wey I don bring no be them be the major ones o but the unexpected ones, but sha no be only people wey get big amounts be victim o but even the people with small small amount fall for victim also. But sha I no blame Exodus but coinswitch because nah them day Incharge of all this coin exchange, which them come dey put doubt for people mind by freezing their coins, but after all this palaba people wey they use am still lose their coins o.
The question wey I get here be say after 2018 you don use Exodus for coins exchange again and him dey work well?
