Two recent complaints indicate that Asproex.com, an online trading exchange, is engaging in fraud. Users report that they cannot withdraw their funds without paying additional fees. Specifically, one user was asked to pay $2030 to access their account balance of $100,000, and another user could not retrieve $10,000 from the exchange.

Details:

• Asproex.com has been rebranded to ZBTCEX, but the fraudulent practices continue.
• Attempts to withdraw funds result in demands for additional certifications and fees.

Do not trust Asproex.com or ZBTCEX with your investments. If you have been affected, please share your experience.

Domain Analysis

Asproex.com is an online trading exchange under scrutiny for its fraudulent activities. The domain, registered on June 13, 2019, through GoDaddy.com, LLC, and set to expire on June 13, 2029, has a history of prohibitive actions such as clientDeleteProhibited, clientRenewProhibited, clientTransferProhibited, and clientUpdateProhibited statuses. This indicates a high level of control and restriction over the domain, making it difficult for users to take corrective action once the site traps them.

The domain is associated with Ivan Lim, based in Georgetown, Penang, Malaysia. All administrative, technical, and registrant contact details, including phone numbers and email addresses, point back to this single contact, suggesting a centralized and potentially opaque management structure.

Despite its claims of being a fully licensed digital currency trading platform with licenses purportedly from the Caribbean, the United States, Canada, Australia, and Estonia, no verifiable information supports these claims. The platform asserts it offers services comparable to major stock exchanges like NASDAQ but has failed to provide transparency or legitimate operational data.

The website’s traffic analytics and SEO data are also telling. With a low authority score of 2 on Semrush and no significant organic or paid search traffic, it becomes evident that Asproex.com lacks credibility and visibility in the legitimate digital market space. The domain has accumulated 384 backlinks from 74 referring domains, mostly nofollow links, which further questions the quality and authenticity of its web presence.

Asproex.com Reviews

User complaints on platforms like Quora, Scam Detector, and Revain highlight Asproex.com’s deceptive practices. Many users report that the platform refuses to release their funds without demanding additional fees. For example, one user was coerced into paying $2030 to withdraw $100,000, while another user has been unable to recover $10,000 despite multiple attempts. These instances are typical of an “advance fee scam,” where victims are asked to pay upfront fees to access their money.

A review on Revain states, “Asproex is a scam. They change the rules always asking for money to pay taxes 250,000 verifications 350,000. I have over 23 million after paying all fees… Now they are asking for 600,000”. Another user on the same platform mentions, “No matter how much you think you know of a trading platform or if you still consider each one of them reliable. Most professional traders and advanced researchers recommend avoiding using Asproex since this exchange is unfair, and you can lose everything from your assets to your private data”.

The platform’s operational history is also questionable. The Department of Financial Protection and Innovation (DFPI) lists Asproex.com as involved in “Pig Butchering Scams,” where scammers establish relationships with victims, gain their confidence, and then introduce them to fraudulent investment opportunities.

Despite claims of a “wide range of cryptocurrencies available” and “24/7 customer support,” many reviews and regulatory alerts suggest that these are part of a facade to lure unsuspecting investors. The WikiBit score for Asproex is notably low due to “too many unresolved complaints” and indicates that the exchange has “ceased its operation”.

Bottom Line

In light of the overwhelming evidence, it is clear that Asproex.com operates under highly questionable and likely fraudulent practices. The myriad of user complaints and regulatory alerts paint a consistent picture of a platform designed to exploit and deceive its users. The repeated reports of funds being held hostage unless additional fees are paid, along with the platform’s dubious regulatory status and opaque management structure, underscore the lack of transparency and trustworthiness.

The experiences shared by users and the alerts from regulatory bodies like the Department of Financial Protection and Innovation (DFPI) strongly suggest that Asproex.com is not a legitimate trading platform. Instead, it appears to be a sophisticated scheme that leverages the allure of cryptocurrency trading to defraud individuals of their hard-earned money.

Given these insights, it is prudent to view Asproex.com as a scam.