Is that an absolute certainty that the funds cannot be retraced ?
Obviously the funds that were sent to Kexbui cannot be reclaimed ....but... if the person was asked to invest in previous exchanges (and made a profit) previously , is there not a way to trace these transactions ?

Several times they wee advised to deposit into Kraken and they did so ..they were to able to access the funds and send them back to their bank account. This was obviously part of the same scam so is it possible that there links to the perpetrators ?

I do not know too much about crypto and it all seems very complex but ..is it possible to find a link .....or completely impossible ?

 Yep..... 100 % correct.

They were contacted by a good looking female , suggested to deposit , they made money , withdrawal ok .
This continued for a while without any problems.

Then a bigger investment was advised on a different platform , which he did and then the funds were frozen.

Then he was asked to make another deposit (20% of the total value of his accounts from a more regulated exchange) in order to access his funds so they could then be released to his other wallets.

So , I take it that there is absolutely no way for this person to retrieve his funds ?

"You haven't said what the problem is, however, if the 'person you know' deposited money into this exchange and they are being asked to deposit extra funds in order to be able to withdraw, then tell the 'person you know' that they have been scammed."


Z-Tight...you have hit the nail on the head...that is exactly it.....requiring another deposit in order to make a withdrawal.


I hope the confirmation of this problem can assure the sceptics out there that I am not endorsing this exchange...far from it.

You are being completely paranoid.
I know someone who is having a problem so I reached out in the hope that those with far more knowledge than me can provide a little help or information.

Yes..it's a new website.
Limited traffic....no online presence......no-one has heard of it.....all red flags.

BTW...thank you all for the advice you have provided....big big help.

Has anyone heard of this trading platform ?

Does anyone have experience of it ?

Any information would be very helpful .