eXch - instant exchange BTC / LN / XMR / LTC / ETH / ERC20

[NotATether]

They said they are basically freezing the funds received and keeping the funds for themselves. Punishing the customers of exch, not the hackers from bybit.

If they are keeping the funds for themselves, then they have to be reported to the police, because that is fraud.

[examplens]

They said they are basically freezing the funds received and keeping the funds for themselves. Punishing the customers of exch, not the hackers from bybit.

If they are keeping the funds for themselves, then they have to be reported to the police, because that is fraud.

What does any KYC exchange do with frozen funds? We've mostly gotten to the point where they freeze funds they think are illegitimate, but what's the procedure after that? Do they look for the original owner they think the coins belong to? do they give those coins to the authorities, or do they keep them for themselves?

[LoyceV]

What does any KYC exchange do with frozen funds? We've mostly gotten to the point where they freeze funds they think are illegitimate, but what's the procedure after that? Do they look for the original owner they think the coins belong to? do they give those coins to the authorities, or do they keep them for themselves?

I'm okay with KYC on some cases, when it's a trusted company with publicly known owners. I'm also okay with (some) anonymous services with anonymous owners. The problems start when anonymous owners demand KYC data, and when they freeze funds, I can only guess what's going to happen to it.

[examplens]

I'm okay with KYC on some cases, when it's a trusted company with publicly known owners. I'm also okay with (some) anonymous services with anonymous owners. The problems start when anonymous owners demand KYC data, and when they freeze funds, I can only guess what's going to happen to it.

I suppose there would need to be a supreme authority to oversee everything and further handle the entire cases. This is why we end up with exchanges like FF, which operate under vaguely defined rules, taking funds from their clients without permission or proper oversight.
None of the exchanges has a license to judge the legality of the origin of someone's money. It's simply not in the description of their business.

[s8n]

I have every confidence that FixedFloat has taken this measure out of good, humane intentions to fight against evil crime, and not to show a competitor, who does -- without exception -- everything better, in a bad light.

It's not as if something like this would happen in competition. (If FF is a serious competitor to exch.cx at all; let's just assume they're not).

[arabspaceship123]

Exchanges like fixed float shouldn't be taking advantage of customers but they don't care. Punishing eXch's customers by freezing the funds because they won't give proof about funds proves they're scamming. I don't believe they were hacked it's possible an inside job.  

They said they are basically freezing the funds received and keeping the funds for themselves. Punishing the customers of exch, not the hackers from bybit.

If they are keeping the funds for themselves, then they have to be reported to the police, because that is fraud.

[fillippone]

What does any KYC exchange do with frozen funds? We've mostly gotten to the point where they freeze funds they think are illegitimate, but what's the procedure after that? Do they look for the original owner they think the coins belong to? do they give those coins to the authorities, or do they keep them for themselves?

I'm okay with KYC on some cases, when it's a trusted company with publicly known owners. I'm also okay with (some) anonymous services with anonymous owners. The problems start when anonymous owners demand KYC data, and when they freeze funds, I can only guess what's going to happen to it.

When it happened to me, I had to let the funds go.
And blame myself because I didn’t rely on a trusted non KYC exchange.
I strongly advice against resorting regularly to KYC exchange.

[bitmover]

I'm okay with KYC on some cases, when it's a trusted company with publicly known owners. I'm also okay with (some) anonymous services with anonymous owners. The problems start when anonymous owners demand KYC data, and when they freeze funds, I can only guess what's going to happen to it.

When it happened to me, I had to let the funds go.
And blame myself because I didn’t rely on a trusted non KYC exchange.
I strongly advice against resorting regularly to KYC exchange.

I prefer to make the KYC before sending funds. Some exchanges allow that, dosabling deposits until completing kyc. This is the ideal situation.

Asking for kyc after the deposit is absurd

[rollinsweet]

If this domain is not yours : exch dot CC - [SCAM link]
Then im just lost my funds right now   Rest in peace 0.0027 btc

edited

[DireWolfM14]

If this domain is not yours : <redacted>
Then im just lost my funds right now   Rest in peace 0.027 btc

This is from the OP:

MAIN DOMAIN: exch.cx
RESERVE DOMAINS: exch.pw  exch.is

The URL you posted has been discussed many times in this thread.  I'm afraid you have indeed been scammed.

[rollinsweet]

The URL you posted has been discussed many times in this thread.  I'm afraid you have indeed been scammed.

Eh, it's a shame though.. Even before the deposit I went to check the address and saw that transactions had already been made on it, which bothered me, but I still made the transfer. Usually exchange addresses are always generated.
But what happened, happened, I hope I'm the last one to donate to the creator of this phishing site.

edited

Made a new exchange but now in .CX domain, and everything went smooth as possible.

[hosemary]

If this domain is not yours : exch(dot)cc - [SCAM link]
Then im just lost my funds right now   Rest in peace 0.027 btc

rollinsweet, can you please edit your post and make the link to the phising website unclickable? You are (unintentionally) help the scammers with backlinks.
To make the link unclickable, you can remove the "https" from the beginning of the URL or put the link in code tag.

[examplens]

If this domain is not yours : exch dot CC - [SCAM link]

If we are already talking about the phishing .cc domain, one of the active links is on X (former Twitter). I assume that the X account was officially created when the .cc domain was under the original owner's control. I guess it would be good if someone from the exch team tried to access that account and delete all phishing links and posts with them.

Code:

https://x.com/_exch_

[rollinsweet]

If this domain is not yours : exch dot CC - [SCAM link]

If we are already talking about the phishing .cc domain, one of the active links is on X (former Twitter). I assume that the X account was officially created when the .cc domain was under the original owner's control. I guess it would be good if someone from the exch team tried to access that account and delete all phishing links and posts with them.

Code:

https://x.com/_exch_

By the way, yes, I came across this page and an old inactive page on bestchange. In any case, it's my fault and carelessness.
I will also agree if one of the admins deletes or corrects the link on twitter(X) if there is still access.

[logfiles]

exch[.]cc is a phishing link and does not belong to eXch anymore, don't be scammed by using it! (By the way can you please edit the links in your message?)

Beware of phishing domains!

Code:

exch[.]cash
exchamp5qu7hdjrbktko7ccsd3zlsbjelnixpwfuxxzev4ap2eqqcfad[.]onion

We invite the community to help us report the phishing website exch[.]cash to Tucows to inform them that they are hosting a malicious domain name. It can be done via sending a phishing report through their webpage https://tucowsdomains.com/abuse-form/phishing/

This caught my attention when I was reading through. The phishing sites are still online. What does it really take for this phishing sites to get taken down?  Why is it so hard for them to do so vs when we report a site promoting let's say hate speech or racism?
I just can't seem to wrap my head around this. I mean, fraud is equally or even more criminal than things like hate speech or sexual content.

[fillippone]

exch[.]cc is a phishing link and does not belong to eXch anymore, don't be scammed by using it! (By the way can you please edit the links in your message?)

Beware of phishing domains!

Code:

exch[.]cash
exchamp5qu7hdjrbktko7ccsd3zlsbjelnixpwfuxxzev4ap2eqqcfad[.]onion

We invite the community to help us report the phishing website exch[.]cash to Tucows to inform them that they are hosting a malicious domain name. It can be done via sending a phishing report through their webpage https://tucowsdomains.com/abuse-form/phishing/

This caught my attention when I was reading through. The phishing sites are still online. What does it really take for this phishing sites to get taken down?  Why is it so hard for them to do so vs when we report a site promoting let's say hate speech or racism?
I just can't seem to wrap my head around this. I mean, fraud is equally or even more criminal than things like hate speech or sexual content.

Even if they remove a website, scammers would immediately create a new one.
Now, I understand there are a few reasons why that website is still around, but in the end, users, should be educated not to trust anyone.
I understand that it is harsh, but it's the truth.

[Cricktor]

If this domain is not yours : exch dot CC - [SCAM link]
Then im just lost my funds right now   Rest in peace 0.027 btc

I wonder where your due diligence was, how did you come up with that site? Before I'd transfer such an amount, I'd make sure by checking more than one source if I'm on the correct site and it should be obvious that eXch would have an ANN thread here on bitcointalk.org.

[mikeywith]

I have every confidence that FixedFloat has taken this measure out of good, humane intentions to fight against evil crime, and not to show a competitor, who does -- without exception -- everything better, in a bad light.

How exactly do see FF actions as good intentions? kindly explain in details, I am very interested.

[Zwei]

If we are already talking about the phishing .cc domain, one of the active links is on X (former Twitter). I assume that the X account was officially created when the .cc domain was under the original owner's control. I guess it would be good if someone from the exch team tried to access that account and delete all phishing links and posts with them.

Code:

https://x.com/_exch_

i would assume if the exch team still had access to the account, they would have done that already.
so the second best thing is to just report the account, if enough people report it, twitter will hopefully suspend it.

[Lucius]

Eh, it's a shame though.. Even before the deposit I went to check the address and saw that transactions had already been made on it, which bothered me, but I still made the transfer. Usually exchange addresses are always generated.
But what happened, happened, I hope I'm the last one to donate to the creator of this phishing site.

edited
Made a new exchange but now in .CX domain, and everything went smooth as possible.

I honestly doubt you're the last one, but I think people are a lot more cautious today than before regarding the price of BTC. One of the golden rules I learned right from the start and still stick to to this day is to check everything several times before approving a transaction.

~snip~
Then im just lost my funds right now  Rest in peace 0.027 btc

Did you send 0.027 or 0.0027 to the scam site? I checked the phishing link and started a swap to see if they are using the same BTC address and it seems they are. The last transaction is exactly 0.0027 BTC