Coinexx
We are investigating Coinexx for allegedly attempting to conceal critical reviews and adverse news from Google by improperly submitting copyright takedown notices. This includes potential violations such as impersonation, fraud, and perjury.
PARTIES INVOLVED : Coinexx
ALLEGATIONS : Perjury, Fraud, Impersonation
INCIDENT DATE : 22 Aug 2024
INVESTIGATED BY : Ethan Katz
TOOLS USED : Lumen, FakeDMCA, SecurityTrails
CASE NO : 7022/A/2024
CRIME TYPE : Intellectual Property Scam
PUBLISHED ON : 22 Nov 2024
Is This About You?
What We Are Investigating?
We are investigating Coinexx for allegedly attempting to conceal critical reviews and adverse news from Google by improperly submitting copyright takedown notices. This includes potential violations such as impersonation, fraud, and perjury
We are investigating Coinexx for allegedly attempting to conceal critical reviews and adverse news from Google by improperly submitting copyright takedown notices. This includes potential violations such as impersonation, fraud, and perjury
What are they trying to censor
Coinexx, a cryptocurrency trading platform, has faced a barrage of allegations and adverse news that have significantly tarnished its reputation. While the platform markets itself as a reliable and user-friendly broker for forex and crypto trading, numerous reports and complaints suggest a pattern of unethical practices, lack of transparency, and potential regulatory violations. Below is a summary of the major allegations, red flags, and adverse news associated with Coinexx, along with an analysis of why the company might seek to suppress this information, even if it means resorting to cybercrime.
Major Allegations and Red Flags
Lack of Regulatory Oversight: Coinexx operates without clear regulatory oversight, raising concerns about its legitimacy. The platform is not registered with major financial regulatory bodies such as the U.S. Securities and Exchange Commission (SEC) or the UK’s Financial Conduct Authority (FCA). This lack of regulation has led to accusations that Coinexx may be operating as an unlicensed broker, exposing users to significant financial risks.
Withdrawal Issues and Fund Mismanagement: Numerous users have reported difficulties withdrawing funds from their Coinexx accounts. Complaints include delayed or denied withdrawals, unexplained fees, and account freezes. These allegations suggest potential mismanagement of user funds or even fraudulent practices, eroding trust in the platform.
Misleading Marketing Practices: Coinexx has been accused of using misleading advertising to attract users. Promises of high returns, low fees, and seamless trading experiences often do not align with user experiences. Critics argue that the platform prioritizes aggressive marketing over transparency and user satisfaction.
Poor Customer Support: Users have consistently criticized Coinexx’s customer support for being unresponsive and unhelpful. Complaints range from delayed responses to outright dismissal of user concerns, further damaging the platform’s credibility.
Security Concerns: There are allegations of inadequate security measures on the platform, leaving users vulnerable to hacking and data breaches. While Coinexx claims to prioritize user security, the lack of transparency about its security protocols has raised red flags.
Anonymous Ownership: Coinexx’s ownership structure is opaque, with no clear information about the individuals or entities behind the platform. This anonymity has fueled suspicions about the platform’s intentions and accountability.
Reputation Damage and Motives for Suppression
The allegations against Coinexx have severely harmed its reputation as a trustworthy trading platform. The lack of regulatory oversight and withdrawal issues paint the company as unreliable and potentially fraudulent. Misleading marketing practices and poor customer support further alienate users, while security concerns and anonymous ownership create an atmosphere of distrust.
For Coinexx, the stakes are high. Negative publicity can lead to a loss of users, legal scrutiny, and a decline in revenue. The platform’s survival depends on maintaining a positive public image, which is why it might seek to remove or suppress damaging stories. In the digital age, where online reviews and news articles can make or break a company, Coinexx could view cybercrime—such as hacking into review sites, deleting negative content, or orchestrating disinformation campaigns—as a desperate but effective way to control the narrative.
Conclusion
Coinexx’s alleged misconduct, ranging from regulatory non-compliance to fund mismanagement and poor customer service, has cast a shadow over its operations. The platform’s reputation has been further tarnished by its opaque ownership and security concerns. While Coinexx may seek to suppress these stories to protect its image and maintain its user base, resorting to cybercrime would only deepen the ethical and legal quagmire surrounding the company.
- https://lumendatabase.org/notices/44009970
- Aug 22, 2024
- TitanEdge Innovations
- https://coinexx.com/
- https://www.myfxbook.com/reviews/brokers/coinexx/3089867,1
Evidence Box
We are investigating Coinexx for allegedly attempting to conceal critical reviews and adverse news from Google by improperly submitting copyright takedown notices.
Targeted Content and Red Flags
About the Author
The author is affiliated with Harvard University and serves as a researcher at both Lumen and FakeDMCA.com. In his personal capacity, he and his team have been actively investigating and reporting on organized crime related to fraudulent copyright takedown schemes. Additionally, his team provides advisory services to major law firms and is frequently consulted on matters pertaining to intellectual property law.
He can be reached at [email protected] directly.
Many thanks to FakeDMCA.com and Lumen for providing access to their database
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How This Was Done
The fake DMCA notices we found always use the ?back-dated article? technique. With this technique, the wrongful notice sender (or copier) creates a copy of a ?true original? article and back-dates it, creating a ?fake original? article (a copy of the true original) that, at first glance, appears to have been published before the true original
What Happens Next?
The fake DMCA notices we found always use the ?back-dated article? technique. With this technique, the wrongful notice sender (or copier) creates a copy of a ?true original? article and back-dates it, creating a ?fake original? article (a copy of the true original) that, at first glance, appears to have been published before the true original.
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Average Ratings
2.7
Based on 9 ratings
Anjali Rani
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RED FLAG...BIG SCAMMM
Deepak Sharma
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I tried to withdraw funds, and they kept delaying or denying.
Payal Gupta
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No clear ownership, security issues, and poor reviews? It’s clear that Coinexx isn’t legit.They act like they care about security, but the reality is their platform isn’t secure at all.
Nitin Malhotra
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Coinexx’s marketing is all lies.BE Alert all.
Vinay Singh
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misleadingg platform.Dont waste ur time here.it is scam
Kathy Clark
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My experience with Coinexx has been nothing short of disappointing. They locked my account, and their customer support is non-existent. Withdrawals are an incredibly difficult process, and it's evident that the platform is more interested in making promises than in fulfilling them. I’ve lost not only time but also my peace of mind due to their lack of reliability and transparency. I highly recommend steering clear of Coinexx and considering alternatives like EaSY be, which seems to be a much more trustworthy option.
Hank Carter
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This broker is dishonest and will steal from your trades through misleading spreads and intentional slippage, leaving you with losses or breakeven results.
David Lee
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Avoid these scammers, especially Gaurav Joshi, who manipulates slippage and controls multiple brokers. They hold your deposits under the guise of API costs and only fund accounts if you constantly ask for assistance. Their website address keeps changing, raising red flags.
John Smith
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Made a deposit, but nothing shows up on Coinexx's website, and after waiting all day and submitting a ticket, there's still no response. Do not trust this broker until issues like this are resolved.