ScamCrypto Forum Forums Investment Scams Loboex Exposed: In-Depth Evaluation of Cryptocurrency Platform – $600,000 Lost


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      Hello to all members of this group!

      In today’s focus, we evaluate, a platform that has recently come under scrutiny for its cryptocurrency investment operations. Our aim is to dissect their claims, assess potential red flags, and gather insights from customer experiences to offer a comprehensive view of Loboex’s credibility.

      Raising the Alarm: A BBB Complaint

      A BBB report highlighted by an individual from New York, NY, USA sets the stage for our inquiry. The individual claims to have been ensnared in a scam involving $600,000 in a Loboex investment account. The account got frozen during a withdrawal attempt, and the customer was then accused of money laundering, facing a demand for a huge deposit to unfreeze the account.

      Platform Overview:, primarily in Chinese, positions itself as a digital asset derivatives trading platform. Established in 2019, it purports to offer a range of financial derivatives for cryptocurrencies.

      Red Flags and Concerns

      1. Fragmented Online Presence: Loboex operates under various domain names, leading to a fragmented and confusing web presence. This practice is unconventional and raises questions about the platform’s legitimacy.

      2. Cloning and Similar Sites: The existence of multiple clones with similar branding but hosted on different domains such as adds to the confusion and skepticism.

      3. Negative Reviews: The platform has garnered low ratings and negative feedback on independent review sites. Customers report issues with trading, withdrawal processes, and an overall unsatisfactory experience.

      4. Opaque Contact Information: The lack of clear contact details such as a physical address, phone number, or dedicated email address is concerning. This lack of transparency is not typical of reputable cryptocurrency platforms.

      Customer Experiences

      1. Account Suspension and Money Laundering Accusations: A user who invested a substantial amount claims their account was frozen, followed by accusations of money laundering and unreasonable financial demands to unfreeze the account.

      2. Difficulties in Communication: The same user reported challenges in contacting customer support and addressing the issue, adding to the apprehension surrounding the platform.

      3. Negative Feedback: Other users have shared their negative experiences with Loboex, citing issues with withdrawals, poor customer support, and accusations of the platform being a scam.

      Conclusion: Assessing Loboex’s Legitimacy

      Given the multiple red flags, such as the fragmented online presence, cloning, negative reviews, lack of transparency, and concerning customer experiences, caution is advised. Potential investors should thoroughly research and scrutinize Loboex’s claims before considering any financial commitment.

      In the dynamic world of cryptocurrency investments, due diligence, security, and transparency should be the cornerstones of any decision-making process. We welcome your thoughts and experiences with Loboex to enrich our collective understanding.

      Sathish M

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