Bitcomex Valid Withdrawals Pig Butchering pf_12345

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Bitcomex Homepage

Reddit user pf_12345 met a girl online who was into cryptocurrency investing. He was naturally skeptical of the platform bitcomex, but kept on being able to withdraw profits of hundreds of dollars on initial small investments, so he started to invest more money. At one point, he decided to withdraw larger amounts and was faced with a tax bill, which he paid. After that point, he was informed he had broken rules and needed to pay more money. He stopped investing and started researching to discover that he had fallen for a scam.

This exchange or platform is based in United States, or the incident targeted people primarily in United States.

About Bitcomex

"bitcomex.site"

Lost all of my savings to a pig butchering scam. FML. by pf_12345 in Scams

"I'm such an idiot. I can't believe I went through with this bullshit. I was talking to a "girl" online who started talking about how she made 10s of thousands of dollars a month through cryptocurrency trading. Immediately alarm bells began ringing, but after receiving a voice message and not finding any results after reverse imaging her photos, I began to trust her.

I was curious so asked how she did this and she gave me the link to a website. I thought it was dodgy as fuck but I went against my better judgement and created an account there, thinking it wouldn't hurt to try it with a small amount of money. Sure enough I deposited a few hundred, made a small profit and withdraw the money. Tried again with a larger amount of money, made a slightly larger profit and withdrew the money again. At this point I believed the website was safe to use.

So "she" convinced me to deposit 5,000 dollars. And then later another 5,000. And then some more. I followed the scammer's advice and trusted "her" enough at this point to not bother withdrawing each day after making a "profit".

A month later, I had deposited half of my savings. The website showed that I had earned a profit of several times my annual income. Then it was time to withdraw. I tried to withdraw and I received a message about needing to pay 20% tax. I didn't want to get in trouble for tax evasion so I panicked and deposited the amount they asked for. At this point the vast majority of my money was in this fake website.

So the next day I tried to deposit again. And this time it said I had broken the rules and needed to deposit even more money for a risk fee or the account would be permanently frozen. Welp at this point I had no option to accept that I had lost all of my savings.

It wasn't until a couple of weeks later that I managed to find other victims of this scam online, thus removing any doubt in my mind that I had been scammed and causing my to realise how common it is.

TL;DR I'm an idiot. Please don't invest cryptocurrency at the advice of people online."

"I'm not going to explain everything but initially I was able to withdraw more than I invested (about $300 - $400 more). After that I made some more withdrawals but never more than I invested until I tried to withdraw everything at the end.

Edit. On the 4th of June I deposited 584 usd and later withdrew 665 USD. On the 6th of June I deposited 2051 USD and withdrew 2348 later that day. After that I never withdrew more than I put in."

"[I]t definitely was enough to [mess] up my life, I am now left with practically nothing. The only thing I can do now is try to find a higher paying job so I can earn money faster."

"Thank you for the nice comment, I appreciate it. I have found it incredibly difficult coming to terms with what has happened and I have never felt so degraded and ashamed before in my life. I hope my post stops at least one person from making the same mistakes as me and ruining their life too."

This exchange or platform is based in United States, or the incident targeted people primarily in United States.

The background of the exchange platform, service, or individuals involved, as it would have been seen or understood at the time of the events.

Include:

• Known history of when and how the service was started.
• What problems does the company or service claim to solve?
• What marketing materials were used by the firm or business?
• Audits performed, and excerpts that may have been included.
• Business registration documents shown (fake or legitimate).
• How were people recruited to participate?
• Public warnings and announcements prior to the event.

Don't Include:

• Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.
• Anything that wasn't reasonably knowable at the time of the event.

There could be more than one section here. If the same platform is involved with multiple incidents, then it can be linked to a main article page.

The Reality

This sections is included if a case involved deception or information that was unknown at the time. Examples include:

• When the service was actually started (if different than the "official story").
• Who actually ran a service and their own personal history.
• How the service was structured behind the scenes. (For example, there was no "trading bot".)
• Details of what audits reported and how vulnerabilities were missed during auditing.

What Happened

The specific events of the loss and how it came about. What actually happened to cause the loss and some of the events leading up to it.

Key Event Timeline - Bitcomex Valid Withdrawals Pig Butchering pf_12345

Date	Event	Description
July 23rd, 2021 1:40:31 PM MDT	Reddit Post	Situation is posted on Reddit.

Technical Details

This section includes specific detailed technical analysis of any security breaches which happened. What specific software vulnerabilities contributed to the problem and how were they exploited?

Total Amount Lost

The total amount lost has been estimated at $10,000 USD.

How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?

Immediate Reactions

How did the various parties involved (firm, platform, management, and/or affected individual(s)) deal with the events? Were services shut down? Were announcements made? Were groups formed?

Ultimate Outcome

What was the end result? Was any investigation done? Were any individuals prosecuted? Was there a lawsuit? Was any tracing done?

Total Amount Recovered

There do not appear to have been any funds recovered in this case.

What funds were recovered? What funds were reimbursed for those affected users?

Ongoing Developments

What parts of this case are still remaining to be concluded?

Individual Prevention Policies

No specific policies for individual prevention have yet been identified in this case.

For the full list of how to protect your funds as an individual, check our Prevention Policies for Individuals guide.

Platform Prevention Policies

Policies for platforms to take to prevent this situation have not yet been selected in this case.

For the full list of how to protect your funds as a financial service, check our Prevention Policies for Platforms guide.

Regulatory Prevention Policies

No specific regulatory policies have yet been identified in this case.

For the full list of regulatory policies that can prevent loss, check our Prevention Policies for Regulators guide.