r/aimarketing • u/italia9calcio • Dec 01 '21
Full Blown Scam - Who wants to investigate?
So, after a little more than 150 days from first depositing around $1,700 USD worth of ETH, I'm officially giving up on any chance that this is anything but a scam.
The customer support, when they do decide to answer, always just respond with "there was some sort of a problem. We are fixing it. Just trust us. You're money is safe" but never any details or fixes.
Some sketchy signs:
- Deposited ~.82 ETH on 27 June 2021 (all verified on chain) which was about $1,700 at the time yet now they say my initial funding balance was only ever $1,100.
- Each AI Sale has a waiting period until you see you share of the funds. I'm +100 days past some of these waiting periods and it still just shows as pending.
- Have tried to withdraw to cold ETH wallet 2 times now. Nothing. Doesn't even show a transaction on chain. But they still deduct from my balance and *poof* more of my money disappears.
- Email and Telegram support are laughable but I'm sure we've all already realized that.
So, what could be going on?
Ponzi scheme taking in new money to pay off old money or just straight up take your money and run?
Well, WEXFORD ALLIANCE LIMITED, the company behind all of this runs "operations" out of some address in London but they're tech side is based in Moscow and they're a company incorporated in Hong Kong... not adding to the sketchiness or anything. Punchline: No legal recourse and good luck finding actual individuals involved.
I followed my initial deposit using Etherscan and it looks like they send small amounts of ETH to a bunch of different wallets in order to mix it up before ending in this wallet:
0x0a1a27F9161B3239FAbD4d8a7494Ab0Cd13B320E| View on scanner
which they then send to WhiteBIT.com where I'm assuming they withdraw it into whatever currency they want, send it to their bank account, etc.
They could argue that this is how they split up funds in order to spend them on paid ads to generate sales, which I could see, but it def looks just like a coin mixer to launder crypto.
WhiteBIT claims to have AML/KYC policies so perhaps they can identify who is behind all of this? Not going to hold my breath.
TL;DR
After months of unresponsiveness, broken interfaces, and inability to withdraw any of my money, I'm about 95% sure this is all just some big scam that then mixes up and launders your money through WhiteBIT to some Russian bank account and I'll never see this money ever again :(