Topic: Unregulated Trading Platforms - page 2. (Read 391 times)

Your initiative is to join a bitcoin trading group from the start. Trading groups are bullshit, you should avoid them as much as possible. Trading is basically done independently (solo trading) not in groups.

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Blockchair is just a block explorer site, there is no information they filter beyond the capabilities of their features. They can't help you.

Just a few tips, the first thing is to double-check before you make a transaction and start investing anything or using any change because once your transaction is confirmed there is no way to get your bitcoins back in any condition unless you know the owner of the destination wallet address and he does a favor to get back your bitcoins which is most unlikely not going to happen, Also, there is not any different if you are using coinbase or some random exchange because even exchange with the strongest support team cannot change or undo anything because the bitcoin blockchain is decentralized and none can change it.

You can already tell that this is one big scam site but because you are new to crypto space you didn't realise it. No genuine trading platform will do business through whatsapp group - none that I know of.
If this link was received by you randomly without seeking them out then why would you take such risk?

From your explanation above it all shows so many red flag to tell you this is scam. It is unfortunate you had to fall for their dirty trick.
You try and engage lawyers to take legal action but this will coat more money and time.

there are several factors that make you unable to make your money back, especially never give your money to a bad platform this can be said to be a scam platform, and maybe at this time you can report the platform as a scam, it looks like you have to collect some information if You want to follow up on the case that happened to you, because this might be said to be a bad thing to happen to you, if you can't recover it, it can be said that your money will be impossible to return.

I am also new to this, so in the future you have to be more careful especially if the game involves trading, we have a lot to learn in this trading, if we are not able to master it it will be difficult to do the trading, so learn as you can control it as much as possible and start with small trades first, if you are successful in these trades then you can just do it according to your own wishes, and don't be in a hurry, you will most likely get big profits too of course.

So be careful of platforms that allow a lot of irregularities and don't let you experience something like this, because if you have made a transaction with the name BTC and it has been confirmed, you can be sure this cannot be changed again if it has been confirmed, and when it comes to Coinbase, Coinbase of course also can't take any policies or actions, maybe as I said you can only report the scam platform.

The coins he sent are not on Coinbase. He deposited on some fake trading platform that was advertised to him over WhatsApp. Coinbase can only take action if assets are located in their wallets. Centralized stablecoins can be frozen by the issuers controlling them no matter where they are. Both on private wallets and on exchanges.

You can follow the money trail on a service such as Wallet Explorer. Check where they are moving the coins, maybe they will end up on a centralized exchange where they went through KYC. Doubtful but possible. Even if that happens, you can't just contact the exchange and ask for information about account owners. No one is going to give you that. Unless you are planning to take legal actions, you should just forget about it.

So is this a website where they made you believe that you can trade and be profitable? If that is the case, you really need to use common sense and think logically before you believe in things like that. Do you even know how to trade? Can you read charts, recognize patterns, etc.? Before sending your crypto anywhere, do some research on what you are doing before it's too late.

The entire system is set up to scam people. Those running the site are behind the scam. It makes no sense to contact customer service on such platforms.

If I may ask if this trading platform is a dex or cex exchange?
Perhaps they have a way of communicating with them something like a customer service, I believe all trading platform should have this (except this was mainly designed to scam people).
It is sad to loss money to scammers, you have to learn from your experience and be more cautious next time. It is better to use well known trading platform.

I called coinbase and they basically froze my account and reset it 24 hours later, basically no help.

Can I tell on blockchair if they use a centralized exchanges or custodial wallet, i can see my transaction on blockchair i think it is the same because the date, time and  the amount transferred is very close ? 

I don't know why you can said this, but technically it's possible since Coinbase can freeze someone funds. The hard thing here is find the legit crypto lawyer or legal to handle this case, of course you need a money to pay them. If they're professional, they can cooperate with centralized exchanges and if your funds stored on centralized exchanges. If he use non custodial wallet, then it's impossible to retrieve your funds.

Sorry to hear that but this isn't really a new technique which is existing here for very long time even I received such requests from unknown people on social media platforms but I know so I just laugh and ignore such messages completely without giving any shit about it.

I just want to say one important thing, no legitimate exchange will ask you to deposit more money to withdraw your own money and also they never contact their customers and ask them to trade on their platforms so in future keep this in mind to avoid becoming a victim.

Recovery services work if you can't access funds in your own wallet but you actually made a transaction and the scammers took your money already so doing anything won't work at all, accept it and this js a lesson for your life.

This is what happend:

BTCHEO.com is complete scam. they operate via whatsapp group “Bitcoin Group 288” and other channels. They collect people by sending random/misdirected messages on SMS, whatsapp etc. They will say you can make a lot of money trading short term and to trade, they will ask you to open an account on their spoofed trading platform (btccheo and many other similar sites) and ask you to send crypto currency to their address. The platform will show you a fake account and will make you think that you are doing trading and making profits but you will never be able to withdraw money (beyond a small bait initially). Once crypto is sent to their address it is gone for good. The people chatting in the group is a decoy and some victims who have not yet realized the scam. When the person tries to withdraw, they block that person from the group so you won’t see any complaints about withdrawals. Everyone will claim they are making money all the time.  This is a complete SCAM.  BTCHEO.com  You will hear from Mr. Jeston, Mr Benson, Karen

As said above, Bitcoin or any crypto transaction is irreversible and once it will be confirmed, there's no way to get back not unless you hold the private key where your coins transfer.  I have doubt that you might a victim of a fraud exchange and this was what I experienced before when someone PMed me on telegram.  I created an account for the unknown exchange which is the deposit address controlled by the scammer (which I doubt this is the same case).

Try to contact this service, Chainalysis.
They have a service to investigate any related to the blockchain transaction which means they can able to track high-profile cybercriminals.  I hope this will help you if that is a huge amount, but if not, just move on and learn mistakes.  Just verify it first legitimacy of an exchange.

The trading platform is run by the scammers,   when I tried to withdraw funds the scammer knew I made a withdrawal request.  We were communicating through whatsapp.  It was a lot of money, at least worth some time for me not to totally give up and ask a few questions

you can't do much about it as you don't know where they are sending it to even if the addresses are shown at blockchair. and what do you mean by you got scammed with the trading platform? maybe, these scammers just used the trading platform to scam you but not the trading platform itself. maybe you can contact the platform support and report them. but to be honest, if the amount is not so huge, better move on as you would need more resources to seriously run after them. the trading platform won't cooperate if there is no legal lawsuit from your end.

The 3 Wallet addresses are coming up on https://blockchair.com and I can see transfers made close to amount I sent, I am not sure what to do with this information though

It's two bad mate, if you can't recovered funds from this trading group then consider your money as "lost" already. Just sad that you fall for this kind of trick and hopefully you will learn your lessons here. You can do trading yourself, go to the process of learning just like the rest of us here.

Just start small with your trading journey, understand and for sure you will enjoy it. Don't rush everything and maybe in the future you will earn huge profit from it.

I'm using blockchair.com

I got scammed with the trading platform, not a recovery service.  Do you have a explorer you recommend?  I have the wallet addresses of the scammers

Are you saying you have been scammed twice? First was depositing to a fake exchange and second was falling victim to a scam service for trying to recover what you already lost? That's really too bad if that's the case.

Don't expect much try to monitor the address you sent the money to using explorers Maybe the scammers will commit a mistake of sending to a known centralized exchange. You can then seek help from the said exchange.

Bitcoin transactions are irreversible once confirmed. If you sent money to a scam website, you can not reverse that transaction, and no one else can, so do not fall into another scan trying to retrieve it.
Do not pay the platform any fee either to retrieve it. Scammers usually put demands on withdrawals as an attempt to get more money.

Coinbase can not take any action, the transaction happened on the blockchain which is decentralized.
You can report the platform as a scam and try to gather more information to pursue the case. I'm not sure how serious such cases are taken in your country, but it could be worth a shot.

Hi, just joined group.  I should of searched a little deeper before I invested with a BTC trading group.  Long story short the reason I am here is I need advice if there is anyway to get my funds back that are on a trading platform that will not let me withdraw.  I read quite a few posts before I posted this and what I concluded is:
1. Recovery is next to impossible
2. Do not throw good money after bad on a “crypto recovery company”
3.  No authorities will help not even Coinbase where the transactions were wired from.
Anyway I am sucker who got scammed