Recently, a Chinese exchange friend who currently lives in Japan encountered a "serial scam" of withdrawals on the coinw Bitcoin futures platform. Not only did he invest more and more funds, but he was also threatened with having his account permanently frozen.
According to Huiyou's description, he was bewitched by netizens and recharged US$400,000 on the coinw platform. After one operation, his account made a profit of US$280,000. When he tried to withdraw the funds, he was told by the platform that since his account had exceeded US$200,000, he needed to pay US$90,000 in advance to "complete advanced verification." Such a high "verification fee" is really against the norm, but Huiyou only wanted to withdraw the funds from the account, and without much thought, he pieced together the funds and transferred US$90,000 as required.
However, things did not go as smoothly as expected. When withdrawing cash again, Huiyou was told that because his account was suspected of money laundering, he needed to pay a "security deposit" of approximately US$70,000 within the specified time. Huiyou stated that all his funds had been used for the last "verification fee" payment, and he could no longer complete the deposit payment this time. The reply he received was: If it is overdue, the platform will forcefully cancel his account within one month, and the funds It will also be permanently frozen. Only then did Huiyou realize that he might have been deceived.
coinw is a freshly launched black platform
The coinw platform of Huiyou Trading, the website address is https://www.coinwice.top/#/, and the domain name was established on December 15, 2023, which is just one month old.
The website has a very simple design and claims to be the world's leading digital asset trading platform, but it does not mention any regulatory information. It is obviously unregulated. Combined with the layers of withdrawal routines encountered by Huiyou above, it is not difficult to judge that this is a newly launched black platform that may run away at any time.
It is worth noting that the name coinw is easily reminiscent of the CoinW exchange. Regardless of whether there is some relationship between them, investors need to be wary of one thing: CoinW itself does not have effective supervision. license.
In fact, at the end of November 2023, some investors had similar experiences with the above-mentioned Huiyou on the so-called CoinW exchange. They were unable to withdraw money and were threatened: the platform required them to complete the payment of a deposit of 30,000 USDT within 12 hours. Otherwise, the account will face the risk of being permanently frozen. It can be seen that there are more than one black platforms on the market under the banner of CoinW, and investors need to pay attention to distinguish them.
Again, if you encounter a platform that requires a deposit for withdrawals, don’t hesitate to stop your losses and stay away! Investors must not credulously believe that "you can withdraw money after paying the money". This is very likely to be a "bottomless pit" that will only sink deeper and expand losses. There are many good and bad trading platforms in the market, and there are many black platforms. Investors need to be more cautious and carefully investigate the qualifications of traders before depositing money. Once you find that there is a problem with the platform, or you accidentally enter a black platform, get out of the trap if you can, don't hesitate! If not, be careful to keep relevant evidence and call the police in time. You can also submit an exposure on our website to avoid more people being fooled!
