Topic: P2PB2B exchange in trouble and showing signs of insolvency (Read 236 times)

A p2pb2p robbed 0.4 bitcoin, this happened midway through this year and because they didn't return.
In addition to blocking a second account of mine with $ 40


Scam

I believe there are several ongoing scam accusation against P2PB2B exchange is still alive in this board. This one ads up a new one.

After some search:
https://bitcointalksearch.org/topic/scam-alert-p2pb2b-exchange-provides-your-personal-data-to-third-parties-5169364
https://bitcointalksearch.org/topic/p2pb2b-scam-selling-coins-they-dont-have-wash-trading-fraud-and-theft-5163367 (came from you)
https://bitcointalksearch.org/topic/fraud-alert-p2pb2b-yet-another-russian-scam-exchange-5166081
https://bitcointalksearch.org/topic/p2pb2bio-has-blocked-my-account-without-any-explanation-looks-like-scam-5166605
https://bitcointalksearch.org/topic/beware-of-the-p2pb2b-exchange-5160442
https://bitcointalksearch.org/topic/scam-alert-b2bp2p-exchange-is-stealing-your-money-5166049
List goes on and on. So there are nothing much to say about them.

There profile link (forum): https://bitcointalksearch.org/user/p2pb2bio-2509426

There is a flag against them : https://bitcointalk.org/index.php?action=trust;flag=477 (feel free to support)
I also tagged them.

Yes, they seem insolvent.
Just take a look at the BTC - USDT market.
The last trades are between the spread, and there are no orders on the orderbook, total scam exchange with fake volume
http://prntscr.com/oohh1v

I believe that P2PB2B exchange is in dire trouble and all users funds are at serious risk, here's why.

I purchased 2.6 million hempcoins on this exchange approximately 2 months ago, I then tried to withdraw them for 1.5 months with 0 luck and having support simply tell me to please wait (at least 20 support tickets open during this time).

They finally did respond to me about this matter 1.5 months later and claimed that the Hempcoin's I bought were obtained through fraud and that they had reversed all of my trades that I made months ago.

After a more thorough investigation, it appears that P2PB2B made a technical error and had been sending free Hempcoins to users. Some of these users withdrew their free coins or sold them for BTC and now due to their mistake, they cannot cover users balances.

A quick check of any Hempcoin holders deposit history on P2PB2B will clearly show free coins being deposited over the last few months (appears to be from May 20th to June 2nd) and will look something like this.



After announcing that they had reversed my trade I was told that I could withdraw my refunded BTC.

Well, I have been trying to withdraw for 5 days now and opened 4 support tickets and contacted them by email 3 times. They have for some reason disabled my account from being sent a confirmation withdrawal and I cannot complete the withdrawal. This feature was working fine before and I did successfully withdraw a small number of coins about 1.5 months ago. Now for some reason, it is mysteriously offline on my account.

Again, we are seeing the exact same scenario and response from support "please wait".

These issues and lack of any sort of response from P2PB2B support to me or to the community to address these claims lead me to believe that something is very wrong.

If Hempcoin holders were sent free coins.... Did they make this mistake with other currencies as well?
Is this why users cannot withdraw their funds?

This is a very dangerous exchange to trade with at this point in time and until they address these claims and evidence I would not recommending depositing any funds or you may have your funds held without any sort of explanation or support.