#ScamRiskWarning I was scammed out of 6 Eth by a fake exchange called agupe so I think my story sadly qualifies. I heard about this amazing arbitrage opportunity through a telegram group (cryptodegen) that this exchange called agupe has an eth course of around 3800 when binance was 3500 and that you can transfer your eth to agupe sell them quickly for usdt and then transfer the usdt back to binance. I thought this sounded too good to be true so I did a bit of research online on agupe. I only found a few articles on a website called medium that said it was a good exchange. The telegram account was sharing messages from other users showing how happy they are and that it actually works. I gave it a try with a small amount of eth and transferred the Eth to agupe. Got my usdt and was able to transfer them back to binance. I increased my Eth amount then to see if it really would work a second time and it did again. I was so happy at this point that all my previous skepticism flew right out the door. I went ahead and changed all my assets to Eth and did it one more time however this time the website did not send my usdt back to binance but asked for 700 USDT for a verification payment. My heart immediately sank.. I realized what had happened. I thought it was weird that I never had to do any verification when setting up the account on agupe, now I knew that it’s because it’s a scam and the sad truth is there is no chance of getting any of it back. What binance could do in the future to help prevent this is show a list of legit exchanges (the competitors they are aware of). Then give users the option to say the exchange name they want to use. If binance has never heard of it then binance could flag it as very high risk and that it is an unknown exchange. I did some research that these scammers have done this already with several other fake exchanges. Currently they are using a website called upamp.com. Same game as with agupe, only articles you can find are on medium.com. It would also be good to flag that specifically Eth arbitrage Scams are being used.
#ScamRiskWarning I was scammed out of 6 Eth by a fake exchange called agupe so I think my story sadly qualifies. I heard about this amazing arbitrage opportunity through a telegram group (cryptodegen) that this exchange called agupe has an eth course of around 3800 when binance was 3500 and that you can transfer your eth to agupe sell them quickly for usdt and then transfer the usdt back to binance. I thought this sounded too good to be true so I did a bit of research online on agupe. I only found a few articles on a website called medium that said it was a good exchange. The telegram account was sharing messages from other users showing how happy they are and that it actually works. I gave it a try with a small amount of eth and transferred the Eth to agupe. Got my usdt and was able to transfer them back to binance. I increased my Eth amount then to see if it really would work a second time and it did again. I was so happy at this point that all my previous skepticism flew right out the door. I went ahead and changed all my assets to Eth and did it one more time however this time the website did not send my usdt back to binance but asked for 700 USDT for a verification payment. My heart immediately sank.. I realized what had happened. I thought it was weird that I never had to do any verification when setting up the account on agupe, now I knew that it’s because it’s a scam and the sad truth is there is no chance of getting any of it back. What binance could do in the future to help prevent this is show a list of legit exchanges (the competitors they are aware of). Then give users the option to say the exchange name they want to use. If binance has never heard of it then binance could flag it as very high risk and that it is an unknown exchange. I did some research that these scammers have done this already with several other fake exchanges. Currently they are using a website called upamp.com. Same game as with agupe, only articles you can find are on medium.com. It would also be good to flag that specifically Eth arbitrage Scams are being used.
#ScamRiskWarning I was scammed out of 6 Eth by a fake exchange called agupe so I think my story sadly qualifies. I heard about this amazing arbitrage opportunity through a telegram group (cryptodegen) that this exchange called agupe has an eth course of around 3800 when binance was 3500 and that you can transfer your eth to agupe sell them quickly for usdt and then transfer the usdt back to binance. I thought this sounded too good to be true so I did a bit of research online on agupe. I only found a few articles on a website called medium that said it was a good exchange. The telegram account was sharing messages from other users showing how happy they are and that it actually works. I gave it a try with a small amount of eth and transferred the Eth to agupe. Got my usdt and was able to transfer them back to binance. I increased my Eth amount then to see if it really would work a second time and it did again. I was so happy at this point that all my previous skepticism flew right out the door. I went ahead and changed all my assets to Eth and did it one more time however this time the website did not send my usdt back to binance but asked for 700 USDT for a verification payment. My heart immediately sank.. I realized what had happened. I thought it was weird that I never had to do any verification when setting up the account on agupe, now I knew that it’s because it’s a scam and the sad truth is there is no chance of getting any of it back. What binance could do in the future to help prevent this is show a list of legit exchanges (the competitors they are aware of). Then give users the option to say the exchange name they want to use. If binance has never heard of it then binance could flag it as very high risk and that it is an unknown exchange. I did some research that these scammers have done this already with several other fake exchanges. Currently they are using a website called upamp.com. Same game as with agupe, only articles you can find are on medium.com. It would also be good to flag that specifically Eth arbitrage Scams are being used.