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ExNow Scam Crypto Trading Platform: Fake App Will Steal Your Funds
ExNow, or Exnows if you go by the domain rather than the site title, is a fake crypto trading platform used as a front for crypto scammers.
Investors are contacted via social media channels, befriended then urged to invest in the platform, which claims to offer 9,000 products, low spreads and low commissions.
Those who send funds to the ExNow platform, often in the form of USDT (Tether) as per the scammer’s instructions, will lose everything they invested.
How does the ExNow scam work?
Investors are promised huge returns in a short space of time and encouraged to send funds to the platform to start their trading journey.
To start with they’ll see their account balance increase rapidly, but when they come to withdraw their funds, the scammers hit them with further calls for cash.
These often come in the shape of commissions to taxes but are just another part of the scam designed to extract as much money as possible from the victims.
Once the victim has run out of money the scammers will break off all contact and disappear.
How can you tell ExNow is a crypto scam?
- The domain name is very new.
- There is no information about the company or its location on the site.
- There are no internal links to any significant content.
- There are no social media channels associated with the site.
- The content is generic and scraped from other sites. It doesn’t relate to the platform itself.
- The name of the exchange differs from its web URL.
- The site design is clearly hastily thrown together with minimal effort.
- A quick search of google reveals stories of people who’ve been scammed by the platform.
This list is by no means exhaustive, but demonstrates that there are many things suspicious about the ExNow platform.
It is 100% a fake site and you should not invest any of your money here. Block anyone who contacts you on behalf of ExNow.
I’ve been scammed by ExNow – can I get my money back?
It’s highly unlikely you’ll be able to secure the return of your funds as the scammers usually vanish quite quickly.
However, the authorities are cracking down on this type of crime and there have been a few high profile cases where people have been caught.
Make sure you report what’s happened to you to the relevant authorities and spread the word to help prevent others losing money to this and other similar crypto scams.
If you suspect a site is fake, get in touch and I’ll take a look.
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Disclaimer: Nothing on this website constitutes financial advice. The information provided is for educational purposes only.
