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Author Topic: Scam Report Against CryptoXchange $100k USD  (Read 20244 times)
EnergyVampire
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June 12, 2012, 03:19:29 PM
 #141

The problem with that is that we all know Ken is honest and that CryptoXChange has a flawless reputation.

I wouldn't say they have a flawless reputation.  We don't all know that.  

I've heard rumors that they had major litecoin solvency issues which they swept quietly under the rug, and that is why you can't trade litecoin anymore.

Another rumor I heard was that their registrations and compliance are overstated and that they don't have any financial service business registrations and they are effectively registered as a software company.

I don't know if either of those are true, could have just been trolls.  Heard from anonymous internet strangers, so take that as you will.

Doesn't matter to me though, I've never liked their business style (excessive ads, "24-hour support" that isn't always available, gold coin pricing errors, etc.) . This thread just seals the deal.

I think this may be the end of CXC

It's a bit difficult to distinguish rumours from news on the internet but it's not very difficult to do a google search:

http://www.abr.business.gov.au/SearchByAbn.aspx?abn=12140244828
http://www.search.asic.gov.au/cgi-bin/gns030c?juris=9&hdtext=ACN&srchsrc=1&acn=140244828
http://whois.domaintools.com/bitcoinminingrigs.com.au

These sites confirm what is posted on the CryptoXchange website:

Australian Owned and Operated by Kenseycol PTY LTD,
Trading as “Crypto X Change”
64 McNamara Street Orange,
New South Wales 2800
Australia
Business Registration Information

So unless they pasted a random company's info, it looks legitimate.

In reference to liquidity, unless the exchange(s) used customer's fiat deposit for personal use, I fail to see how an exchange would become illiquid.

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June 12, 2012, 03:22:17 PM
 #142



In reference to liquidity, unless the exchange(s) used customer's fiat deposit for personal use, I fail to see how an exchange would become illiquid.

Chargebacks.
Bigpiggy01
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June 12, 2012, 03:25:40 PM
 #143

I've just received a wire from them today so I'd hardly call them illiquid.


Liberty Payout
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June 12, 2012, 06:21:24 PM
 #144

I've just received a wire from them today so I'd hardly call them illiquid.



100,000$ goes a long way, now they can run there ponzi a little longer.
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June 12, 2012, 06:29:49 PM
 #145

Just wondering how you got $100,000... Seems rather a lot of bitcoins!

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June 12, 2012, 06:52:11 PM
 #146

Just wondering how you got $100,000... Seems rather a lot of bitcoins!

It's called being successful, I currently have quite a good amount of funds myself. Many people on here have these large amounts.
LordGreynick
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June 12, 2012, 07:19:28 PM
 #147

Just wondering how you got $100,000... Seems rather a lot of bitcoins!

It's called being successful, I currently have quite a good amount of funds myself. Many people on here have these large amounts.

They're not that large for serious investors.

Hedge funds like the one I have an interest in drop serious amounts (much more than $100k) into ventures if the business model works for us.

PatrickHarnett
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June 14, 2012, 08:28:11 PM
 #148

Having pulled another few thousand out of crypto this week (24 hours for an international wire is one of the fastest I have received), the scammers are still the Australian banks charging 8% currency spreads costing me extra hundreds of dollars going to their profit margins.  Locally it's only 4% and other places are even less.

Didn't see any liquidity problem.
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June 14, 2012, 11:29:40 PM
 #149

this is getting good!!!  Grin
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June 22, 2012, 09:38:20 PM
 #150

Having pulled another few thousand out of crypto this week (24 hours for an international wire is one of the fastest I have received), the scammers are still the Australian banks charging 8% currency spreads costing me extra hundreds of dollars going to their profit margins.  Locally it's only 4% and other places are even less.

Didn't see any liquidity problem.

8%!!!
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June 22, 2012, 09:50:58 PM
 #151

I'm sorry for your loss but is this just another attempt at controlling the market price?  Huh
Just for the record Opistlled is a really annoying word.  Sad

It was a cunning plan to have the funny man be the money fan of the punning clan.
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June 22, 2012, 09:56:10 PM
 #152

Having pulled another few thousand out of crypto this week (24 hours for an international wire is one of the fastest I have received), the scammers are still the Australian banks charging 8% currency spreads costing me extra hundreds of dollars going to their profit margins.  Locally it's only 4% and other places are even less.

Didn't see any liquidity problem.

8%!!!

The worst I've ever seen was at Brisbane Airport where the AUD/USD buy/sell spread was 30%.  It's cheaper for me to buy Australian cash outside of Australia than doing so locally.  Similarly, for the money I have in my AUD account in Aus, it's too expensive to send back to my local account, so I'll wait until I pass through an airport and visit the closest ATM and extract it.

As for the back on topic - other than a trading glitch I saw on the BTC/USD screens a few days ago, have not seen any other problems with CryptoX or them being taken out of circulation by the OP's actions.
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June 27, 2012, 01:17:45 AM
 #153

Having pulled another few thousand out of crypto this week (24 hours for an international wire is one of the fastest I have received), the scammers are still the Australian banks charging 8% currency spreads costing me extra hundreds of dollars going to their profit margins.  Locally it's only 4% and other places are even less.

Didn't see any liquidity problem.

8%!!!

The worst I've ever seen was at Brisbane Airport where the AUD/USD buy/sell spread was 30%.  It's cheaper for me to buy Australian cash outside of Australia than doing so locally.  Similarly, for the money I have in my AUD account in Aus, it's too expensive to send back to my local account, so I'll wait until I pass through an airport and visit the closest ATM and extract it.

As for the back on topic - other than a trading glitch I saw on the BTC/USD screens a few days ago, have not seen any other problems with CryptoX or them being taken out of circulation by the OP's actions.

30% o_0, are you sure you didnt walk into some loanshark cage Tongue

That seems highly criminal and suddenly it makes our foreign exchange that peaks at 3% seem outragiously low.

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June 27, 2012, 02:31:13 PM
 #154

Having pulled another few thousand out of crypto this week (24 hours for an international wire is one of the fastest I have received), the scammers are still the Australian banks charging 8% currency spreads costing me extra hundreds of dollars going to their profit margins.  Locally it's only 4% and other places are even less.

Didn't see any liquidity problem.

8%!!!

The worst I've ever seen was at Brisbane Airport where the AUD/USD buy/sell spread was 30%.  It's cheaper for me to buy Australian cash outside of Australia than doing so locally.  Similarly, for the money I have in my AUD account in Aus, it's too expensive to send back to my local account, so I'll wait until I pass through an airport and visit the closest ATM and extract it.

As for the back on topic - other than a trading glitch I saw on the BTC/USD screens a few days ago, have not seen any other problems with CryptoX or them being taken out of circulation by the OP's actions.


even the soda it's more expensive in airports. not to mention the currecys.
there is a wall street in every airport around the world
30% o_0, are you sure you didnt walk into some loanshark cage Tongue

That seems highly criminal and suddenly it makes our foreign exchange that peaks at 3% seem outragiously low.

btc-e.com
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July 02, 2012, 10:23:41 AM
 #155

We know WME very well
He big trader at btc-e.com
We never holding any payments of our clients!

Bitcoin \ Litecoin \ Namecoin \ Novacoin <-> Exchange btc-e.com

BTC-E.com // Биржа по автоматической торговле Bitcoin \ Litecoin \ Namecoin \ Novacoin <-> Exchange btc-e.com
Raoul Duke
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July 02, 2012, 11:04:13 AM
 #156

We know WME very well
He big trader at btc-e.com
We never holding any payments of our clients!

Start accepting bank transfers and after that we'll talk again.

btcash
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July 02, 2012, 12:35:47 PM
 #157

We know WME very well
He big trader at btc-e.com
We never holding any payments of our clients!

Start accepting bank transfers and after that we'll talk again.
+1

They actually accepted bank wires but only for a few days than they stopped Grin

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Raoul Duke
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July 02, 2012, 12:43:31 PM
 #158

We know WME very well
He big trader at btc-e.com
We never holding any payments of our clients!

Start accepting bank transfers and after that we'll talk again.
+1

They actually accepted bank wires but only for a few days than they stopped Grin

I guess they realised most of their russian customers were thieves lol

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July 02, 2012, 02:49:09 PM
 #159

We know WME very well
He big trader at btc-e.com
We never holding any payments of our clients!

Start accepting bank transfers and after that we'll talk again.

We accept bank transfers.

Bitcoin \ Litecoin \ Namecoin \ Novacoin <-> Exchange btc-e.com

BTC-E.com // Биржа по автоматической торговле Bitcoin \ Litecoin \ Namecoin \ Novacoin <-> Exchange btc-e.com
Raoul Duke
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July 02, 2012, 05:39:31 PM
 #160

We know WME very well
He big trader at btc-e.com
We never holding any payments of our clients!

Start accepting bank transfers and after that we'll talk again.

We accept bank transfers.

Do you? I went to your site and the only ways I found to deposit USD are Liberty Reserve, Interkassa.com and Webmoney.
Where is the IBAN for your bank account posted?

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