Xventex Crypto Trading Scam: Avoid This Fake Platform

Lost money to a crypto or trading scam? Read this first:

If your losses exceed £3,000 (in the UK) or $10,000 worldwide The Crypto Adviser can offer advice on recovering your funds. 

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Xventex is a scam crypto exchange and trading platform that’s luring unsuspecting investors into parting with their cash.

The Crypto Adviser was contacted by a victim of the Xventex scam who said they’d sent a significant amount of funds to the platform only to have it stolen.

This person was contacted at random via social media and convinced to invest by their new ‘friend’ who spent some time chatting to them before mentioning the platform.

A first the victim was convinced they were investing a real crypto opportunity but after parting with their cash then trying to withdraw it and their alleged profits they found their account blocked.

The scammers behind Xventex then demanded various fees to release the victim’s funds, but these were simply designed to extract more money from the victim and at no point would any cash be returned.

How to spot the Xventex scam

At first glance Xventex could be a genuine crypto exchange but a little digging soon reveals multiple red flags and flaws in the platform.

These include:

• A very new domain name registration.
• A Domain Authority (DA) rating of 1, the lowest possible.
• Outlandish claims about the number of people using the platform.
• No real platform functionality apart from a rudimentary trading screen.
• Grammatical errors across various parts of the content.
• No information about the company or development team.
• No social media channels or mobile apps.
• Numerous reviews online stating Xventex is a scam.
• No regulatory information or official associations.

Putting all these elements together makes it clear that Xventex is a scam crypto platform that’s designed to steal customer funds.

I’ve been scammed by Xventex, what can I do?

Recovering funds from crypto scammers is unfortunately extremely hard, however you should always report what’s happened to both the authorities and forums/social media to make other people aware.

There are also private companies that might be able to help which I’ve written about here.

If you suspect a site is fake, get in touch.

Related post: Crypto scam help and resources