Lizex.io SCAM! $18K

[noorman0]

-snip-
I am also not sure why Kucoin would deny that they are in possession of the funds as Lizex claims, and if i was to believe one party, i'd believe them over Lizex. Finally, i don't know how busy their rep is, but it would do everybody good if they also respond directly to certain questions in this thread.

If the Lizex operator registered as an individual account, KuCoin would not recognize "Lizex"  and would question what kind of entity it is. My suspicion (based on Trevoid's insights) is that because Lizex operates without a license, they are unable to secure a KuCoin institutional account due to KYB requirements. They might be able to handle small exchange volumes using their own liquidity, but for large amounts, Lizex likely routes the orders to KuCoin by creating sub-accounts.

[Coyster]

Please DT users respond directly to my topic and address my questions clearly. Why has none of my questions been answered?

Forum users, DT or not, can only leave negative feeback on Lizex account on this forum to warn other users about them, and that has already been done, and they'd prolly receive more red tags if they don't solve this in the right way. That said, nobody here can enforce anything, nor compel Lizex to pay you the funds they are holding, even though i agree that they should refund the coins to the sending address.

[mabji1]

Please DT users respond directly to my topic and address my questions clearly. Why has none of my questions been answered?

Forum users, DT or not, can only leave negative feeback on Lizex account on this forum to warn other users about them, and that has already been done, and they'd prolly receive more red tags if they don't solve this in the right way. That said, nobody here can enforce anything, nor compel Lizex to pay you the funds they are holding, even though i agree that they should refund the coins to the sending address.

I don’t understand why you’re blaming me. We were scammed badly, and they’re spreading fake and fraudulent information while giving me an email address. What is that email just an address with a .sg domain? Don’t you see that this is a scam?

What’s wrong with what I’m saying?

[AB de Royse777]

I am also not sure why Kucoin would deny that they are in possession of the funds as Lizex claims, and if i was to believe one party, i'd believe them over Lizex.

If you look at our conversation this denial from Kucoin upsets me too to be honest, sadly we can not verify. So there will be no resolution or very hard to find a resolution by going that route.

It is also clear from the conversation that there are sub-accounts involved and the customer (OPs fund went to that account, if that is true). Since Lizex is not registered, Kucoin and Lizex are partner (Kucoin is the liquidity provider), OP don't want to fill out the EDD via Lizex so the only way to resolve it is contacting the Singapore Authority and send them the document or whatever they ask.

Moreover, If Kucoin is holding the fund (we don't know if they are not too) they will act upon the authorities request.

AB de Royse777

1. provide the lizex company’s complete details.  
2. provide verifiable proof that KuCoin is holding the funds

not merely an email just in dm.

Of course, Lizex won’t come here because they know we’ve busted their scam.

You and I both know they are not registered company so you are asking an invalid question. Regarding the verifiable proof - what kind of proof you are looking for? I can pass it to Lizex.

Your excuse was not to give KYC to Lizex because they are not registered. Now since you don't need to give the KYC to Lizex but asked to give it directly to the authority then what keeps you away to contact the authority and do so, the EDD?

You are here to get your funds returned which I am trying - I am a volunteer., not paid by you nor by Lizex (they were my ex client). If Kucoin is really holding the fund then you will only get the fund returned by acting upon what they requested.

Your goal is to get the fund returned and I expect you to co-operate.

[mabji1]

I am also not sure why Kucoin would deny that they are in possession of the funds as Lizex claims, and if i was to believe one party, i'd believe them over Lizex.

If you look at our conversation this denial from Kucoin upsets me too to be honest, sadly we can not verify. So there will be no resolution or very hard to find a resolution by going that route.

It is also clear from the conversation that there are sub-accounts involved and the customer (OPs fund went to that account, if that is true). Since Lizex is not registered, Kucoin and Lizex are partner (Kucoin is the liquidity provider), OP don't want to fill out the EDD via Lizex so the only way to resolve it is contacting the Singapore Authority and send them the document or whatever they ask.

Moreover, If Kucoin is holding the fund (we don't know if they are not too) they will act upon the authorities request.

AB de Royse777

1. provide the lizex company’s complete details.  
2. provide verifiable proof that KuCoin is holding the funds

not merely an email just in dm.

Of course, Lizex won’t come here because they know we’ve busted their scam.

You and I both know they are not registered company so you are asking an invalid question. Regarding the verifiable proof - what kind of proof you are looking for? I can pass it to Lizex.

Your excuse was not to give KYC to Lizex because they are not registered. Now since you don't need to give the KYC to Lizex but asked to give it directly to the authority then what keeps you away to contact the authority and do so, the EDD?

You are here to get your funds returned which I am trying - I am a volunteer., not paid by you nor by Lizex (they were my ex client). If Kucoin is really holding the fund then you will only get the fund returned by acting upon what they requested.

Your goal is to get the fund returned and I expect you to co-operate.

Thank you so much. I respect you, but please look at this carefully it is a scam, and we’re not lying. Can’t you see the warning signs? They keep evading questions and refuse to respond.

Where is the police report? Where is the other evidence? They have made numerous false claims.

Believe it or not, Lizex.io is a scam.

And I’m telling you all of this sincerely, from the bottom of my heart.

[AB de Royse777]

Thank you so much. I respect you, but please look at this carefully it is a scam, and we’re not lying. Can’t you see the warning signs? They keep evading questions and refuse to respond.

Where is the police report? Where is the other evidence? They have made numerous false claims.

Believe it or not, Lizex.io is a scam.

And I’m telling you all of this sincerely, from the bottom of my heart.

I do feel you, $18k is a lot of money. On the other hand there are so much pause, information gap, scopes to lie even for the liquidator - it's hard to trust when there are limited or no way to verify.

For the sake of the argument let's say Lizex has the fund and Kucoin said the truth that they don't have it in their positions. Lixex is denying to return the fund. What happen?
You don't get the fund returned, you lose the $18k. The argument also become weaker when you do not go with the authority even after the direct contact was given to you.

I know someone who had issue with Kucoin, high AML issue like yours. They asked for the source of fund and many other things including the ID. His experience was ridiculous according to him but good thing was he got his fund returned.

If you believe the source of the fund is good but this AML risk thing is not your fault then just go ahead. Do what they are asking (you are giving it directly to the authority). If Kucoin is holding the fund then you have the chance to get the fund returned.

[mabji1]

Thank you so much. I respect you, but please look at this carefully it is a scam, and we’re not lying. Can’t you see the warning signs? They keep evading questions and refuse to respond.

Where is the police report? Where is the other evidence? They have made numerous false claims.

Believe it or not, Lizex.io is a scam.

And I’m telling you all of this sincerely, from the bottom of my heart.

I do feel you, $18k is a lot of money. On the other hand there are so much pause, information gap, scopes to lie even for the liquidator - it's hard to trust when there are limited or no way to verify.

For the sake of the argument let's say Lizex has the fund and Kucoin said the truth that they don't have it in their positions. Lixex is denying to return the fund. What happen?
You don't get the fund returned, you lose the $18k. The argument also become weaker when you do not go with the authority even after the direct contact was given to you.

I know someone who had issue with Kucoin, high AML issue like yours. They asked for the source of fund and many other things including the ID. His experience was ridiculous according to him but good thing was he got his fund returned.

If you believe the source of the fund is good but this AML risk thing is not your fault then just go ahead. Do what they are asking (you are giving it directly to the authority). If Kucoin is holding the fund then you have the chance to get the fund returned.

Thank you,

"Lixex is denying to return the fund. What happen?"

Lizex’s plan is to make us wait until we forget about the coins so they can withdraw the funds and take them. That is their plan. The funds are currently still there in their hand and have not been moved, but they are waiting for us to abandon this case.

Where is the official report from the authorities or the police? If you can provide it, I will do what they are asking.

How can an unlicensed exchange ask for these documents? How can you believe them? This is a scam. I’m telling you again.

[Coyster]

I don’t understand why you’re blaming me. We were scammed badly, and they’re spreading fake and fraudulent information while giving me an email address. What is that email just an address with a .sg domain? Don’t you see that this is a scam?

What’s wrong with what I’m saying?

Are you sure you are replying to my message with this post? I never blamed you for anything. For the record, i believe Lizex are in possession of your coins and i think they are trying to scam you out of it. That's why i've left them a negative feedback. They have not been able to establish that they received any request from law enforcement, nor can they.

I was basically letting you know that we cannot really do more than this, we cannot force Lizex to refund your money. You might need to seek legal advice regarding this case, but they are an unregistered platform and it makes things more complicated.

[bitbollo]

Unfortunately it's evident there are different views on how to handle the scams.

Forum users, DT or not, can only leave negative feeback on Lizex account on this forum to warn other users about them
...

If you are not lucky enough to read these previous scam accusations they will just to continue to scam.
Why after promoting not adding a tag on their profile? Just to mention, they have made other scams registered here on forum/internet

Thank you so much. I respect you, but please look at this carefully it is a scam, and we’re not lying. Can’t you see the warning signs? They keep evading questions and refuse to respond.

Where is the police report? Where is the other evidence? They have made numerous false claims.

Believe it or not, Lizex.io is a scam.

And I’m telling you all of this sincerely, from the bottom of my heart.

I have already sent few details to @OP.
I don't suppose there should be any form of mercy or patience with them.
I suggest to @OP to act immediately with authorities (the only that can really get answers from exchange or legally track coins). It's a waste of time to have chit-chat with them (this is an opinion based on evidences).