I remember the day I decided to try out Bilaxy.club, a cryptocurrency trading platform that was relatively new at the time. I had heard some good things about it from friends who were also into trading cryptocurrencies, and I was excited to give it a shot. Little did I know that this decision would lead to me losing a significant amount of money.
At first, everything seemed fine. The website had a clean design, and it was easy to navigate. They had a wide range of cryptocurrencies available for trading, and their fees were lower than some of the other platforms I had used before. I created an account and started trading.
However, a few weeks into using the platform, I started to experience issues. I couldn’t log into my account, and when I tried to contact their customer support team, I didn’t get a response. It wasn’t until later that I found out that Bilaxy.club had been hacked or received clone attacks.
After weeks of trying, I was finally able to log back in, but I couldn’t perform any trades. They had disabled the trading feature, and I could only withdraw my funds. However, the withdrawal fees were insane, with a minimum fee of $75. I withdrew a portion of my funds and waited for the platform to recover, hoping to withdraw the remaining funds later.
However, that never happened. The site eventually went down, and I was unable to withdraw the rest of my funds, which amounted to around $3000 in ETH. I later found out that many others had also been scammed and lost hundreds or thousands of dollars.
I tried to contact many so-called scam recovery services. They promised to recover my fund but I have to give them a good amount of upfront fee. That seems unusual and I did not take their services.
Then I got in touch with Report Scammed Bitcoin. I found that they only provide free consultation on how to recover the money and based on the case, they provide recovery service recommendations that are pay-after-service and they are reputable. It was really helpful for me.
I found their blog section really helpful as they provide many tips to be safe from scams and many ways to identify a scam. I used this knowledge later on. Also, their lists of scammers in the different category was also helpful for me.
It was a hard lesson for me to learn, but I took it as a learning experience. I took a break from investing in cryptocurrencies for a while, but eventually, I got back into it. This year, I came across another site called bitgrux.com, and my experience with Bilaxy helped me identify the red flags that indicated that it was also a scam.
I couldn’t find any information about their license or regulation, and the domain was even available for sale. It was clear that this was a site I should stay away from. It’s essential to be cautious when it comes to investing, especially in something as volatile as cryptocurrencies.
I’ve learned to only use regulated platforms that are transparent about their fees and processes. I also do thorough research before investing any money, making sure to read reviews from other users and check for any red flags. It’s better to be safe than sorry when it comes to investing, and I hope that others can learn from my experience with Bilaxy.club and bitgrux.com so they can avoid falling victim to similar scams. It’s better to play safe and only use regulated platforms or investment companies.