What is wrong with these Exchanges? Who copied whom?

[Shishir99]

I am not sure if this thread belongs here. If not, please suggest the appropriate board.

I have been browsing the service announcement board and the exchange board. I noticed a couple of exchanges that use the same template with minor changes. Also, a couple of them use a similar title, and their posting pattern is the same as well.

If you check those exchange websites, you will notice they just changed the background color and the theme color. Almost everything else is the same. Who copied whom, actually? Are they legit?

Here are some examples,

Thread title: What is Bitz?
Website: https://bitsz.io/

Post example:

Stay Connected:
Twitter x.com/bitsz_io
Telegram t.me/bitsz_io
Exchanger bitsz.io​[/center]

Thread title: ❓ WHAT IS COINXES EXCHANGE
Website: https://coinxes.io/

Post Example:

ℹ️ Stay Connected:
Twitter https://x.com/Coinxes_io
Telegram https://t.me/coinxes_io
Exchanger https://coinxes.io[/center]

Thread Title: What is Ecex Exchange?
Website: https://ecex.exchange/
Post example does not match much.
Thread Title: What is Ybex?
Website: https://ybex.io/

Post example:

Follow us:
Twitter https://x.com/Ybex_io
Telegram https://t.me/ybex_io
Exchanger https://ybex.io/

Thread title: About MarketExchange.io: Professional Cryptocurrency Exchange Platform
Website: https://marketexchange.io/
Post Example:

Stay Connected:
Twitter x.com/Marketexch_io
Exchanger Marketexchange_io[/center]

Thread Title: About Godbex.io
Website: https://godbex.io/
Post example:

ℹ️ Stay Connected:
Twitter https://x.com/godbex_io
Telegram https://t.me/godbex_io
Exchanger https://godbex.io/

[yahoo62278]

You could look up the domain and see how old each 1 is which tells you nothing really except the domain age. You can look up whois and see the age of the site though I believe. It's quite possible all 3 are owned by the same people. Maybe they didn't get any business from 1 name and tried another. Rinse n repeat. Never heard of any of them personally.

[Cantsay]

If you check those exchange websites, you will notice they just changed the background color and the theme color. Almost everything else is the same. Who copied whom, actually? Are they legit?

I think I have seen this before, it wasn’t exactly this type of format but the sites involved were basically identical to each other - what they did was purchase a cheap web template and made a few edits. And for an exchange that couldn’t even invest in their own website designer I don’t think it’s worth using.

This thread^[1] could be related this your topic - you can go through it and see that my explanation is quite similar to what is happening here.

[1] https://bitcointalk.org/index.php?topic=5512938.0

[Odohu]

Something does not seem right with those exchanges because a serious business like cryptocurrency exchange will not do such a poor job that appear like spam. Two cases are possible here. Either those exchanges hire the same company or group of persons to  manage their ANN threads or they are own by the same group of persons who are definitely in a mission that will not end well for their customers.

[LoyceV]

You could look up the domain and see how old each 1 is which tells you nothing really except the domain age. You can look up whois and see the age of the site though I believe. It's quite possible all 3 are owned by the same people.

Let's see:

Code:

whois bitsz.io
Creation Date: 2024-05-20T17:12:43Z
Registrar: NameSilo, LLC
Registrant State/Province: AZ

whois coinxes.io
Creation Date: 2024-06-10T17:57:20Z
Registrar: NameSilo, LLC
Registrant State/Province: AZ

whois ybex.io
Creation Date: 2023-06-02T17:00:00Z
Registrar: NameSilo, LLC
Registrant State/Province: AZ

whois marketexchange.io
Creation Date: 2024-08-26T09:06:27Z
Registrar: NameSilo, LLC
Registrant State/Province: AZ

whois godbex.io
Registrar: NameSilo, LLC
Creation Date: 2024-11-07T15:57:16Z
Registrant State/Province: AZ

They all have a similar popup about "automated risk assessment", and they all have a link "Documents" on their site:

Per our Terms of Service, Bitsz.io services are provided by “Bitsz Technology Limited,” a legal entity registered in the Seychelles.
As stated in our Terms of Service, Coinxes.io is operated by Coinxes Technology Limited, a company registered in the Seychelles.
As detailed in our Terms of Service, Ybex.io services are operated by the legal entity “Ybex Technology Limited,” registered in the Seychelles.
As detailed in our Terms of Service, MarketExchange.io is operated by MarketExchange Technology Limited, a company registered in the Seychelles.
As explicitly stated within the Godbex Terms of Service agreement, Godbex.io services are provisioned by the duly registered legal entity, “Godbex Technology Limited”, incorporated in the Seychelles.

I'm pretty sure they're owned by the same anonymous entity that's collecting KYC on users. As I wrote before:

I'm (up to some point) okay with centralized but well-known and regulated services (be it casinos or exchanges) that require KYC. I'm also okay with completely anonymous but trusted services that don't ask for any personal data.
Problems start when unregulated exchangers demand personal data after depositing, which many exchangers seem to do. We need more trusted exchangers, not less.

[Zwei]

I have been browsing the service announcement board and the exchange board. I noticed a couple of exchanges that use the same template with minor changes. Also, a couple of them use a similar title, and their posting pattern is the same as well.

If you check those exchange websites, you will notice they just changed the background color and the theme color. Almost everything else is the same. Who copied whom, actually? Are they legit?

none of them are actually real exchanges, all of them are just a simple wordpress website and they seems to be an affiliate using an exchange widget connected to an exchange called coinall, which i have never even heard of before.
at least that's where some of the widget assets are hosted.

Let's see:

Code:

whois bitsz.io
Creation Date: 2024-05-20T17:12:43Z
Registrar: NameSilo, LLC
Registrant State/Province: AZ

whois coinxes.io
Creation Date: 2024-06-10T17:57:20Z
Registrar: NameSilo, LLC
Registrant State/Province: AZ

whois ybex.io
Creation Date: 2023-06-02T17:00:00Z
Registrar: NameSilo, LLC
Registrant State/Province: AZ

whois marketexchange.io
Creation Date: 2024-08-26T09:06:27Z
Registrar: NameSilo, LLC
Registrant State/Province: AZ

whois godbex.io
Registrar: NameSilo, LLC
Creation Date: 2024-11-07T15:57:16Z
Registrant State/Province: AZ

this alone is enough evidence to know they are all controlled by the same person/entity. like what are the odds all the domains are .io and are all registered with the same registrar?

[examplens]

In order for someone to start their exchange service, a large investment is not required. Domain registration, cheap hosting, and just a little technical knowledge to install a script or add it to WordPress. The opportunities for resellers are endless.
For example, a lesser-known exchanger, The change, offers such an opportunity even though it is a reseller itself.
A similar thing is probably the case with the examples given by the OP, and in that case, they are easily recognizable because they use an identical method of promotion, probably done by the same person.

[Shishir99]

Now the question is, if they are a legitimate exchange. Suppose some of them are owned by one person/company. I feel like most copy/paste exchanges are either owned by the same group of people, or the template is available online at a very cheap price. LoyceV pointed out a very important thing. I don't even know where the Seychelles are, and if this is too popular to get a license for an exchange.

All six domain registrars are NameSilo, and the Registrant State/Province: AZ.
Interesting.

[The Sceptical Chymist]

none of them are actually real exchanges, all of them are just a simple wordpress website and they seems to be an affiliate using an exchange widget connected to an exchange called coinalls<snip>

And hopefully people here have sense enough not to use some random web address to send crypto to, unless it's not a random address and is an exchange that has a positive, established reputation.  Despite all of the scam accusations I've seen through the years, I've got faith that not even the newbiest of noobs nor the greediest of the greedy would fall for this crap.

Why is it that so many exchanges (mainly the 'instant' kind) have .io as their URL suffix?  I might not be stating that right, but you know what I mean.

[LoyceV]

I don't even know where the Seychelles are, and if this is too popular to get a license for an exchange.

I wouldn't call it a license, it's just a company registration (if that part is actually true). Google tells me a "company" can be registered online in a day, and it's basically a tax haven. I assume they're registered there because they don't ask questions. Kinda like the Cayman Islands where another big well known global exchange is registered hiding.
Either way, those aren't "companies" I'd want to send my KYC data to.

Why is it that so many exchanges (mainly the 'instant' kind) have .io as their URL suffix?  I might not be stating that right, but you know what I mean.

I asked that question at Rollin.io years ago, and Admin told me .io is popular with developers. It's mainly because every possible domain name with .com extension is taken already.

[Alpha Marine]

And hopefully people here have sense enough not to use some random web address to send crypto to, unless it's not a random address and is an exchange that has a positive, established reputation.  Despite all of the scam accusations I've seen through the years, I've got faith that not even the newbiest of noobs nor the greediest of the greedy would fall for this crap.

Somehow, people keep falling for things like this.
Things like this are dependent on the existence of gullible and ignorant people. I mean, the scams are still on because there are still people to fall for them. If there were no more fishes in the river, they would have packed it up and gone to another river.

There is a reason why false religious prophets are still profitting till this day, there's a reason useless politicians still win elections even though they're obviously not competent enough for the job, there is a reason why suicide bombers and terrorist still exist. This is because the world will never run out of gullible, ignorant and foolish people.