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Topic: Is this exchange legit? - page 2. (Read 240 times)

newbie
Activity: 8
Merit: 4
December 01, 2021, 05:52:30 PM
#3
Thanks for the reply my friend.

Yes, they recently changed the domain from a16zcrypto.xyz to a16zcryptos.xyz

Another red flag.
legendary
Activity: 2030
Merit: 1189
December 01, 2021, 05:49:34 PM
#2
Bitcoin Fam, I've gotten myself into a bit of a situation and I need the wisdom of the community to help me out.

For reasons too long and convoluted to get into, I have a sizeable sum of money deposited on this exchange: https://a16zcryptos.xyz/

Is this exchange legit?

It appears as though it's associated with the company https://a16z.com/ which is definitely legit. Same branding etc. However I'm struggling to verify the link between the two entities. I have approached the company a16z on facebook, twitter, email and asked them if this exchange is associated with them, or if it's a scam exchange but I have received no response.

The reason I asked is that the exchange has disabled my withdrawals and the customer service person is demanding KYC information for some regulatory bullshit. However they're also demanding an additional 'deposit' equivalent to 20% of my account value before they can enable deposits again. Naturally I was immediately sketched out by this and now think the whole exchange might be a scam.

Can anyone please confirm?
Mate, you're in a pickle here. Honestly, I don't know if it is legit as I try to keep to exchanges that are well known and have a reputation to maintain, because if things go south you can at least manage it differently.

The best you can do at this point is run some background investigations to see who owns the domain, when it was built and check if it lines up.
From the looks of it, with a domain registered this year, doesn't seem that legit to me.



Here's the full search report https://who.is/whois/a16zcryptos.xyz

newbie
Activity: 8
Merit: 4
December 01, 2021, 05:40:23 PM
#1
Bitcoin Fam, I've gotten myself into a bit of a situation and I need the wisdom of the community to help me out.

For reasons too long and convoluted to get into, I have a sizeable sum of money deposited on this exchange: https://a16zcryptos.xyz/

Is this exchange legit?

It appears as though it's associated with the company https://a16z.com/ which is definitely legit. Same branding etc. However I'm struggling to verify the link between the two entities. I have approached the company a16z on facebook, twitter, email and asked them if this exchange is associated with them, or if it's a scam exchange but I have received no response.

The reason I asked is that the exchange has disabled my withdrawals and the customer service person is demanding KYC information for some regulatory bullshit. However they're also demanding an additional 'deposit' equivalent to 20% of my account value before they can enable withdrawals again. Naturally I was immediately sketched out by this and now think the whole exchange might be a scam.

Can anyone please confirm?
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