Topic: [SCAM] Crex24 sudden KYC - while Crex24 wishes to stay anonymous - page 2. (Read 738 times)

The house for rent on city24 isn't the Crex24's address. Tornimäe tn 7, Kesklinna linnaosa isn't the full address it just gives the village name and its district. The poster didn't give the full details on the location house.

This is the place where they seem to be located, as well the other exchange companies you found
https://goo.gl/maps/2yXPALDVSf6FGSwz9

Which makes me believe they are renting a virtual office there (like a lot of other companies do). The good thing since this country rely 95% on digital is you can probably report them online about GPDR etc while lying on your sofa

Again, thanks to all for your support.


Thanks for your hint regarding Estonia, it is helpful to know they are in the EU. Probably it's an E-residency company. Upon checking the business register of Estonia I found this:

https://ariregister.rik.ee/lihtparing.py?rkood=14419665&search=1

The address listed interestingly seems in an apartment building:

https://www.city24.ee/en/real-estate/apartments-for-rent/Tallinn-Kesklinna-linnaosa/1370177

Under the very same address, there is another exchange registered obviously:


https://www.ilexexchange.com/

Oh, wait, there's a lot more going on in this apartment obviously:

https://crex24.cc/

https://www.maxiunit.com/

https://bitexfin.com

https://cst-exchange.ru

https://gtoxy.com/

https://www.pfser.com

https://iqexchange.com

https://cryptoorange.com/

And I just stopped there, might fill an evening or two to list all entities registered at that address.

Here is what I found regarding the company:

http://www.infoproff.com/en/companies/regcard/EST8048562/14419665

Again, interestingly the company seems not to have some kind of financial license as it says in above URL:

I have again checked my email archive, and I never received an announcement from Crex24 regarding newly implemented KYC. I logged in there about every 10days and I only noticed this restriction on my account last week.

I am not from the EU and given Crex24 is in the EU as LeGaulois says, they break about a dozen of laws, starting with GDPR but also ODR (Online Dispute Resolution). If one actually had an address, one could sue them. Though I am considering to report them to Estonian authorities.

Asking for KYC without revealing your own identity is simply criminal behaviour, at least in Europe and also in my country.

Maybe its the most easiest way to ignore accusations in a common way. They like the idea to keep everyone silent rather than giving space for sharing (Evidences, Claims, Accusations) on their ANN.

Little correction : Underwears size with recent photos. Hahaha,,, . what an psychopathic idea to implement KYC procedures with social media profiles.  

I know this new regulation also from crex. So it is really not a sudden change from crex's side, they announced it regarding the KYC requirements. I have learned such requirement last year and from this forum. But I couldn't remember which thread that was. From time to time, I use crex and haven't gone their KYC requirements as I'm not part of the EU users. I am just sharing that I haven't experienced any trouble with crex so far, withdrawing funds or anything of that sort.

Yeah, it's a law, and we all agree, however, they are asking about KYC, yet they themselves are not transparent at all.
They provide no information about;
- Their Team or who runs the exchange.
- Their Company address or where they are based.
- Their company registration number or license.

But they got the audacity to withhold people's money on grounds of KYC.

Without all the information, it could as well be some bunch of scammers in a random safe house pretending to comply with the AML/KYC policies and holding on people's money, yet they are nowhere near a company with any legal papers and licenses.

Okay, you are probably in right, but did you know about this(December 3rd, 2019): https://twitter.com/Crex_24/status/1201822589771026432
https://ec.europa.eu/info/business-economy-euro/banking-and-finance/financial-supervision-and-risk-management/anti-money-laundering-and-counter-terrorist-financing_en
OP has not confirmed, if they are from the EU. as far as I know mandatory KYC is not Crex whimsy, it is an official law.

How providing social media profiles is going to speed up the verification? Soon exchanges will start to ask for the underwears size.

@psycodad
It's not going to help you but this platform is from Estonia and they started to bother users with KYC since a story with HTMLcoin recently and with users accusing them to hide a hack.

https://cointelegraph.com/news/crex24-exchange-accused-of-hiding-hack-from-customers

Quite ironically they are asking for KYC from people, and yet they don't even have anything that talks about the team behind them or the address of the company behind the exchange

They also locked the r=thread when things got heated up: Crex24.com - Cryptocurrency Exchange [Official Thread]

I have supported both flags opened against them. I negged them too.

Flag supported from my end. Thanks for bringing our attention on crex24 again. Last year i have detected their nasty activities and from the necessity of keeping newbies and traders safer from them created below topic on march 31,2019.

Here is the topic link: ★ Alarming information about the crypto exchange "crex24" ★

I wanna let you know that they are popular for listing scam ICO projects and most interesting thing is that they don't care about scam accusations too. Sorry to say that we are getting new accusations against them on a regular basis and you are one of the sufferer now. After opening the thread with all necessary informations "Lauda" opened a flag to warn everyone about their fraudulent activities but still some people are not enough aware about them.

Thank you for your support IconFirm.

I am loosely following DEX developments but until now I kept postponing my first steps in this area (out of laziness I guess).
But you are right, that recent experience with Crex24 might be a good motivation to start looking more into it and your recommendation for bisq is well noted.

This is yet another example of scammers using KYC as a means to rip crypto users off & you are absolutely right not to share any personal info with them without knowing who they are & them refusing to provide any info.

Flag supported & tagged.

I can recommend Bisq - decentralised & zero KYC - It's the only exchange I use now - stay away from centralised exchanges.

Thank you Rikafip for your reply and supporting my flag.

I have no hope to get my balance back since I refuse to complete KYC with an anonymous organisation that most likely will sell my address and they made clear that it's absolutely mandatory to withdraw (since a bit more than a week).

CREX24 has a long history of dodgy behavior, as they are willing to list just about any scam project that there is, so I am not surprised  really that they did this to you, unfortunately. They don't care about their customers, all they are interested is getting money from them, and this is just another way to do it, hoping that some won't be willing to go though KYC so they can just seize the funds.
Flag supported by the way, and I hope you manage to sort it out with them, somehow.

What happened::

In Dec 2018 I opened an account at crex24.com and was able to deposit and trade ARI and MEC. I regulary tested if I *could* withdraw, but waited until I have enough BTC to make up for the withdrawal fee.

When I recently logged in last week to put some sell orders for above Altcoins I had deposited, I couldn't place any orders or withdraw anything and was presented with a truely worrying KYC procedure asking for a wealth of personal data. I have not received any advanced information or warning from them.

Crex24 wants me/you to submit:

• photo of current ID / driver license
• social media profile (not mandatory, but very much recommended)
• selfie holding ID card used + signature
• two different utility bills, though they seem to prefer credit card and bank statements
• complete address

I was about to bite the bullet, when it came to two different proof of residence documents, at which point I spontaneously wondered with whom I am dealing with here. So being confident that an exchange asking for so much KYC information certainly has a legal address listed on their website I started searching. Turns out they haven't, the best information you can find in their web page is


(Archived Apr 26 2020: https://archive.is/aHBBy)

So I mailed support asking for their legal address and received the following reply:



After that I demanded that I receive my coins back without KYC which naturally was refused.


Scammers Profile Link:
https://bitcointalksearch.org/user/crex24-1113444

Reference Link:
https://bitcointalksearch.org/topic/crex24com-cryptocurrency-exchange-official-thread-2101721 (ANN thread for the exchange, locked meanwhile)

Amount Scammed:
0.03066087 BTC (Crex24 account estimate on 23 Apr 2020)

Payment Method:
Deposit and trading of altcoins against BTC

Proof of Payment:
Deposit address ARI: 5dqQbQsTc5ABKMoDqMSoxyubL6fWcLZ3GD
Link ARI Blockexplorer: https://chainz.cryptoid.info/ari/address.dws?5dqQbQsTc5ABKMoDqMSoxyubL6fWcLZ3GD.htm
Deposit address MEC: MBZRExkE3jHWXQGzbWw2ZamrSJxerfJ48n
Link MEC Blockexplorer: https://chainz.cryptoid.info/mec/address.dws?MBZRExkE3jHWXQGzbWw2ZamrSJxerfJ48n.htm

PM/Chat Logs:


The Crex24 replies did not quote my previous mails, I have edited that in for easier understanding. Though the textual content is absolutely unchanged.

Additional Notes:
Crex24 asks you for the most detailed KYC that I have ever witnessed (and I've done a few meanwhile), while not even giving you their basic information like a business address. The details of information they request and the lack of detail they are willing to reveal about themselves is deeply worrying and hints to something more sinister.

Flag:
I have also raised a flag against Crex24 and would like to ask you to consider it for supporting or opposing:

https://bitcointalk.org/index.php?action=trust;flag=1699