This complaint is alleged. Is Axexcoin.com a scam?
The answer is not completely clear. This complaint does not present any conclusions, that is what investigations and liaising with law enforcement are for. Take all things presented here with a grain of salt, but is believed to be true. If you have been affected by Axexcoin.com and believe you have been affected, please contact the owner of this website.
Observations
Axexcoin.com is a website that facilitates online crypto exchanges, investments, and binary options trading.
The website and parents companies are not registered with the SEC as of 6/9/2023
The platform does not advise on taxes for any gains on investments/bets
The platform does not advise on any deductions or right-offs for losses
Axexcoin.com does not employ even basic Know Your Customer (KYC) policies and procedures
Axexcoin.com does warn in several places that certain kinds of transactions, such as breaking out of 'locked trades' will result in a large financial penalty
Axexcoin.com *does* lock accounts for flimsy reasons, like two or three withdrawals in a week. They demand a substantial fee or ransom to reinstate the account
After what appears to be an alleged 'rugpull', axexcoin.com has the terminity to demand more funds from additional external accounts. basically paying a ransom to be able to access your account.T
Technical
The company does not have any officers, board members, or counsels to receive legal paper
The company offers no way to contact them in any manner, besides customer service chat
The company hides its identity behind CloudFlare, which obscures most if not all forensic data
A recent outage of the site had the side effect of throwing errors. Several of those errors disclosed actual source code
From the source code, it was originally written in Mandarin
The original wallet was in French
The address for one of their wallets is: 0x30d2a897ae5128c4a83f1bef6eb5f23f4ce67641
The author has observed accounts with well more than a million dollars in them
To pierce the veil of anonymity, several legal reports have been filed to:
Local police department
A courtesy report from local PD to San Francisco PD, LAPD, and NYPD
The FBI
The FTC
The SEC
Cloudflare
The IRS
State Attorney General
Reports
Online investigations about fraud are complex, even for the easy ones. I intend to document the steps to take when. And when possible, it is critical to screenshot or record interactions. Document timestamps. and make sure everything is backed up.
More to come.