So just an update here. I was able to withdraw my funds from this site and only suffered a total loss of 30$ . I am genuinely impressed my withdrawal actually went through. Kudos to bitlevex for that.

While testing the mechanics of this site , i created a 1:10 option with 20$ , and ended up with 10$ profits. I really dont know what to make of this because the owner of the site has been quite vocal with me on telegram accusing me of blackmail and slander (Which this is not.) . Because of the opaque nature of this platform and my experience with the 1:2 options how do i know they just didnt flip a switch to make the scam engine not take all my money.

There are still quite a few issues with this platform that i find extremely concerning.

1. The earnings feed appears to be fake and shows users constantly profiting on 1:100 options . I have asked the Bitlevex admins to show some sort of proof of how this is possible , without sharing user data and they refuse.
2. The "loss prevention" temporary rules that prevent users from selling options until 24 hours has passed, seems stacked against users investing in the "profitable" option not to mention the other options that seem to lose significant value with little explanation.
3. The opaque calculations used to calculate option prices . I again asked bitlevex to clarify this and they refuse . The answer i got from Mikhail was "I am expert in this, but support team is not. That is why some specifics is hard for them to explain". How are the parameters used in the black scholes formula calculated? (Ie volatility)
4.There are no audits that prove that the bitlevex platform actually has the BTC to cover the leveraged options they are selling. Bitlevex should provide a signed message proving BTC ownership.

This is the transaction they sent my withdrawal in, https://www.blockchain.com/btc/tx/c40661ee0443e34062b0b3e49800d466a2c7088b79d4848316bd98da0bea708a
 Im no expert in this but following the transactions starting here https://www.walletexplorer.com/wallet/0d8d5b69b24cb24e?from_address=3ASszxkxoo89vze7a4145fbbjx8bU9E98M
I came accross this wallet that contains a total of 20 BTC https://www.walletexplorer.com/wallet/5d62b27b2e55600a , this wallet typically interacts with binance. And it certainly doesnt look like a lot of withdrawals are coming out of this wallet. I have no evidence this wallet belongs to bitlevex but it does seem there was an attempt made to obfuscate where the withdrawal is coming from.