Brief Look at EXMO
The operations of the cryptocurrency exchange EXMO were marked by persistent allegations of fraud from users, stemming from the forced expropriation of assets, the blocking of accounts under the guise of AML/KYC procedures, and the manipulation of account balances. Over the course of several years, clients reported the imposition of hidden "inactivity" fees—which in some cases drained wallets entirely—as well as the unjustified withholding of large sums under the pretext of endless, repetitive checks into the source of funds. The crisis of confidence reached a breaking point when the platform, without prior notice, forcibly converted clients' actual US dollars (USD) into an unsecured internal token called "usdX"—which subsequently lost nearly half its value—while simultaneously imposing strict limitations on withdrawal channels. The eventual winding down of operations and the forced closure of a regional branch left a significant number of traders with no way to recover their frozen assets.
We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.
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