Recovering Funds from Fake Cryptocurrency Exchanges
Fake exchanges and unauthorised crypto brokers steal billions annually by impersonating legitimate trading platforms. EthGuardians has recovered funds from dozens of fraudulent exchanges including Anycoin, 4xai, Click Trades, CoinEffect, EuropeFX, StateFunds, Bitwisenex, and Crypto Trades AU.
Red Flags of a Fake Exchange
- Promises of guaranteed high returns (20-50% monthly)
- Pressure to deposit more to "unlock withdrawals"
- Requests for "tax" or "insurance" fees before withdrawal
- Not registered with any financial regulator (FCA, ASIC, OSC)
- No verifiable company address or team
- Sudden website shutdown or communication blackout
Known Fraudulent Exchanges
EthGuardians has active or completed recovery cases against:
- Anycoin — Fake trading platform impersonating legitimate services
- 4xai — Offshore broker with fabricated trading records
- Click Trades — Unauthorised CFD/crypto broker
- CoinEffect — Ponzi-style exchange with withdrawal blocks
- EuropeFX — Unlicensed broker with manipulated trading conditions
- StateFunds — Fraudulent investment platform
- Bitwisenex — Fake exchange with frozen withdrawals
- Crypto Trades AU — Australian-targeting scam operation
Recovery Process
We trace where your deposits were sent on-chain, identify the real exchange accounts used, and work with compliance teams and law enforcement to freeze and return your funds.