Topic: CEX.IO Scam. Filing a complaint. (Read 1065 times)

I'm afraid I still don't understand you very well, where exactly the scam happened?
you write a bit vaguely, so I'm not sure if you lost money entering their "cloud mining" or if you bought their mining equipment.
also, are we talking about the CEX.io exchange? I am not sure whether they are from Russia/Chinese as you claim.

otherwise, I would prefer if you have some clearer evidence about everything, so that you show it here. it is easiest to accuse someone, but it is still necessary to give weight to the accusations and present clear proof. It is also important that other users are warned if there are elements of fraud.

It was in cloud hashing. No it is not a Ponzi. Those russian/chinese killed it by defrauding everyone. Very sunny in this country and very cheap land. I managed a personal farm before on solar with several terraminers. I remember I had to "fix" some of them since the mosfets shorted and I had to burn them entirely with 12v battery. This killed one core but permitted the rest of the cores to be powered and the machines were able to start again. Of course best fix would be mosfet replacement but this is knowledge I got later studying how VRMs worked.

Obviously when those scammers stole a lot of my money I needed to recover from their attack. I did by building a new company and it took a couple of years. We are ready to jump now. And FYI is not a theory, they stole 1+ BTC to be exact in a couple of weeks. They used to sell ancient cloud mining hardware in shares and there is were the scam was. If you sell old trash at modern prices hiding the information to the buyer this is definitely a scam even if it is old GPU repainted on ebay. Anyways lets go for their market share. Pretty much an expansion of my current company.

I'm trying to understand what's going on here. the user woke up his thread after 5 years with a fraud theory.
I would like to hear detailed information about where and how he was cheated, and why he waited 5 years to talk about it again. of course, all of this should be much more direct and clear than in his previous posts.

I remember the time when CEX sold mining hash (maybe they were pioneers in that business), but I also remember that they stopped all of that because such a business model brought loss to everyone.

Just to get the backstory right. At the time, you invested in the cloud hashing or mining venture.

Were you aware that cloud mining is just some sort of bullshit/Ponzi, or you were completely naive about the outcomes?

The problem with that, is that is too costly for what they stole and they know it. They took from me a little bit than 1 BTC. Currently it runs at current price for 24K and just expenses in lawyers probably will take it if I win the case. The best thing is to use that money to compete against them and take away their market share. Exfiltrate money from their pocket to our pocket. Effective. But yes eventually I will be pursuing the legal route even if that means losing some money. Is not the right time. It will come.

I hate when this scammer says it "was your decision" washing his dirty hands keeping ppl's money. It was YOUR decision to sell ancient hardware and LIE to people. It was YOUR decision to take it down and make all shares worth nothing while keeping all our money. My decision will be to take YOU and your disgusting company to their knees and show you that to scam people is evil and disgusting.

 Lets do something folks, since police never did anything against those scammers even I filed more than one report. Let's start an exchange and overthrow them. I am currently the CEO of a trading company therefore an exchange is very much in alignment with my current niche. My plan is to take over their business eventually. I am currently studying/programming an exchange and I have worked before as computer security consultant for the government of my country. Before funding my current company. I think I am pretty much qualified to make this move. Is time to put out of business all of those greedy russians and chinese(bitmain) scammers. I think this can be a profitable business by doing things right. Will be a slow but steady process and likely will take years. In the meanwhile we will be taking market share from them. I am already conducting business analysis on them, already selected the domain and studying some exchange sourcecode I am forking. I am doing a review to check if it is not tainted in some way. Also a friend of mine that runs an apartment building construction company will be providing capital. If some of you want to join let me know.

I'm not sure that something will work out from this! although hope dies last!

Withdrawal 2017-12-15 00:27:42 still, so far status 'Payment verification' Transaction ID: 5202952428 There were only 2 responses in 72 days, and in both responses they gave me data for other transactions. I wrote this in the request 514291, but they do not answer again.

Hello CEX,
Please reply to my PM

My wire transfer of $43,172 USD is processed 3 weeks ago but didn’t receive it into my bank account. And no reply from support at all. I’m going to report this to the FBI and UK authorities if this is not resolved soon.  ID# up106236101

As we can see, you have already been contacted by support team on the matter. They will take care of the issue.

2018-01-04 20:14:00 i made eth withdrawal of 5.18185700 eth to my ledger nano s. I STILL DID NOT RECEIVED THEM!!! Support doesnt help at all just ignore even can't explain what is going on. ID up109341044.
The hash in the cex.io site shows "Sorry, we are unable to locate this Transaction Hash" although the hash which i found by my own search on etherscan shows, that my ETH went straight to Cex.io eth wallet. So what the hell is going on??? Thats not like a small 0,1 eth transaction its 5,18 ETH which is now worth approximately 6,7 k USD!

Your funds were sent back to your bank, and we are sorry for the delay. We never intend to steal the money of our customers and do our best to ensure that you receive every single payment.

We did not actually make anyone invest in cloud mining. It was your own decision. And if you have chosen the inappropriate time, we are sorry about the issue, but there is nothing we can do to solve the case. It is always users' responsibility to decide whether to make an investment or not. In many cases, it is just an issue of luck.

no need to open new thread. I did after reading this one 2 days ago. and also used the recommended form..nobody gave a fuck so just keep writing CEX and hope for the best. all u can really do

Thanks for the tips. I haven't looked into how to open a new thread yet but posted as comments on their FB page and messaged them there too with a copy of the fraud report receipt. If you have a link to where to open a new thread I would appreciate it! Thanks again!

This is a very old thread, open new thread and post all the proof you have.

Scam Report Format (Use it to make scam reports properly)


You can create a new thread like I said before and you contact the DT members (default trust) to help you with this problem


source: **CEX.IO Bitcoin Exchange ** Buy Bitcoins with Cards in iOS / Android App***

Just look at their thread as you will realize that they are getting worse every day, more people are losing money because of them

Thanks for sharing your information on reporting. CEX has been refusing to return a 10K USD wire I sent over a month ago now (on Nov 28th) and keeps replying that they are escalating and to be patient.

Over one month and still BS excuses. Only 2 things remain possible, either CEX doesn't have the cash on hand to refund their clients or they don't want to. Either way, DO NOT WIRE MONEY TO CEX!

Filing a police report in the UK with your link now. We'll see if that makes them return my money.

How exactly were you scammed? What say the terms & conditions when you invest in their cloud hashing?

If you have proof of your claim, you can directly start a court case in London.

You was terrible unlucky investing in cloud mining "at end". But you are not able to sell your GHS?
Have you tried to get some cash back for your expense? I know this is pretty boring I lost some € also with their site for the same reason, but after received "negative" ROI !!! 

Hi Folks:

I know many like me were scammed by CEX.IO. I for example invested in their cloud hashing and never saw a single cent back. Like some weeks later they closed the mining. Everytime I open a ticked with support they come to me with the same excuse:

"difficulty and bad pool luck do not depends on CEX.IO". They have being telling me this for over two years.

Fact is they don't want to return our money. So I think if we join together we can push them. I mean they have a profitable company while we lost our money. This is not fair at all. They win and we loose. Not acceptable.

 I know many of you like me want to get their money back. I mean are we going to let them run a profitable company trading money enjoying their profit while we sorry our loss? So I want to start this thread so we join toguether to fight the owners of CEX.IO and make the change.

I am filing a complaint to the FBI here: https://www.ic3.gov/complaint/default.aspx

Please join in to make pressure.

EDIT: Here you can report to the UK police

http://www.actionfraud.police.uk/report-a-fraud-including-online-crime-questions