Post
Topic
Board Scam Accusations
Re: [SCAM WARNING] Godex locked my coins
by
LoyceV
on 11/08/2025, 08:22:33 UTC
How to make apogio cry  Tongue Well I knew it but it sounds worse now that you said it
Sorry Sad

This is the reason I barely use exchangers, and if I do, only with small amounts. I don't trust them, and they don't give me a reason to trust them. I can only guess, but it looks like they want to be in the third category:
I recently came to the conclusion that it's not possible to offer a good, trusted privacy service for a long time:
1. If they're full KYC and honest about it, they can exist but there is no privacy.
2. If they're completely anonymous and don't ask for anything, authorities will eventually shut them down.
3. If they themselves are anonymous but selectively freeze funds (and keep them for themselves), they're kinda untouchable as they won't get big enough to be shut down, governments won't go after them for scamming, and users have no way to get their money back.
All we can do is warn people about #3.
By being #3, they avoid being #2 and governments won't shut them down. They still exist, but they're small enough not to become a target, and the occasional selective scamming makes it worth it for them.