Scammers Profile Link: https://bitcointalk.org/index.php?action=profile;u=2189266
Connected: https://bitcointalk.org/index.php?action=profile;u=1250847
PrimeXBT ANN: https://bitcointalk.org/index.php?topic=5077142.0
PrimeXBT Bounty topic: https://bitcointalk.org/index.php?topic=5077022.0

I recently saw a few posts pop up about Prime XBT so I did a little research. Prime XBT is supposed to be "a brand new cryptocurrency trading platform offering 100x leverage, high liquidity and fast order execution.", so basically a Bitmex competitor.

This topic got my attention. User ber68dclass posted IN THIS TOPIC saying that he made $112,000 by margin trading on Prime XBT and is asking how fast their withdrawals are. He then later posts this:

Quote from: ber68dclass on February 20, 2019, 12:31:53 PM

Quote from: Vingolle on February 20, 2019, 12:12:00 PM

Quote from: ber68dclass on February 20, 2019, 08:13:56 AM

Hey guys! Ive made $112k on that platform yesterday! check it out.. Anyone has experience with them? How quickly they withdraw funds ? I have originally posted the whole story here: https://bitcointalk.org/index.php?topic=5112000.0
Thanks!

Don't worry, PrimeXBT processes all pending withdrawal daily between 12 and 13 UTC, you can also ask support, they ready to help you 24/7

Withdrawal is done! thank you so much for support ! I love PrimeXBT!!! Definitely will recommend to all my friends who trade on margin

This same user answered questions about Prime XBT earlier, making it sound like he is involved in the exchange/company (this post was deleted, not archived):

Quote from: ber68dclass on January 16, 2019, 05:26:42 PM

Quote from: slaman29 on January 14, 2019, 11:08:42 AM

No KYC? That's good. If this is the starting standard, then everyone will love you guys.

I have just t 3 questions for you guys, to show you are a platform serious about being one of the big players.

1: Do you have proof of funds for your competition? That's a lot of money, be nice to show us you actually have it. In fact, why not choose a forum escrow for just 1% of that? Better still give 1% of that for a signature campaign, more new members, more exposure.
2: Do you have enough staff to provide customer support to get all those thousands of new members?
3: Do you allow fiat withdrawal?

No KYC

1. Our company was found by an investment fund and we have enough investments to launch such a marketing campaign
2. We have quite a big front office to deal with support and account of airdrop campaign
3. no, only crypto withdrawals

He also posted his Prime XBT employee e-mail address (post also deleted):

Doing some research on the Prime XBT website shows their Republic of Seychelles company number: 148707

Guess who shares that same company number? Their competitor Bitmex! What a coincidence!

A large section in their T&C is a blatant copy of Bitmex's T&C.

In a different part of their T&C they mention a different Republic of Seychelles company number: 206865

A quick search in the Republic of Seychelles company database shows that there is no company named "PrimeXBT", "Prime XBT" or any other bitcoin related company with "Prime" in its name registered:

EDIT: Another red flag is their insane amount of fake Twitter followers: https://twitter.com/PrimeXbt/followers (https://i.imgur.com/o6ra8qb.gif)

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TL;DR

A PrimeXBT employee (posts his email address and answers questions) pretends to be a happy customer by saying he has earned $112,000 on the exchange.
He gets confronted and deletes all his employee posts.
PrimeXBT copy/pasted a section of Bitmex's T&C, including their Seychelles business number.
PrimeXBT included a second Seychelles business number in their T&C but can't be found in the Seychelles business register.
PrimeXBT editted their T&C bu no official response yet.
Their Twitter account is littered with fake followers.
This thread gets attack by shitposting newbie accounts, none of them posted in the PrimeXBT ANN prior to this thread.

Conclusion: The chance of getting scammed by this "company" is highly likely and I would seriously advise anyone to stay away from them.