Recovering Funds from Fake Cryptocurrency Exchanges
Fake exchanges and unauthorised crypto brokers steal billions annually by impersonating legitimate trading platforms. EthGuardians investigates losses to fraudulent exchanges including Anycoin, 4xai, Click Trades, CoinEffect, EuropeFX, StateFunds, Bitwisenex, and Crypto Trades AU, tracing deposits and identifying whether viable recovery options exist.
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 investigated cases involving:
- 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 and identify the real exchange accounts used. Where viable options exist, we contact compliance teams through their established channels and support efforts to freeze and return funds.