OP, unless you present some proof of a scam, this thread is pretty much useless.  I get that you're angry, but this section is for "officially" reporting scams, and that means including some proof with your accusation, i.e., it's not just a section to bitch about the scamminess of a particular exchange.  My suggestion is to either fill out the proper scam accusation form, which can be found in the stickies on the first page of the section or lock the thread. 

I've never heard of this one either.  I guess we're really in the Wild West stage of crypto, where anyone can create their own exchange in countries where the laws are lax about such things.