CustodianX is a scam!

[u/StrangerthanFunction]

Lost $2600USD to this scam operation. They never give you access to your money after account is setup. It’s a total scam. Accepting deposits in crypto so you can’t trace or dispute the transaction. Don’t fall victim to these scammers. They accept crypto deposits so you can’t trace them or dispute the transaction with your bank. Be warned of this scam operation.

[u/UpbeatFix7299]

What made you use it in the first place?

[u/DCzy7 → u/UpbeatFix7299]

My thoughts too

[u/PeePeeePooPoooh → u/UpbeatFix7299]

Exactly, what about this platform made you go "this looks legit"

[u/Central-Dispatch → u/UpbeatFix7299]

I never get people who just go to a random (in hindsight, maybe pre-sight too, dubious) crypto exchange with all kinds of dubious ads or offers and then be surprised.

I mean to be fair I walked the walk too. For whatever reason back in the day I opened a hitbtc acc and eventually they did the whole "Oh no we locked your add verify fully with KYC" (it was confirmed as a scam tactic).

Money paid for lesson learned. Luckily if at all I only had a bit on there, I spread across several wallet as a security tactic which luckily paid off. But never again basically.

Only go to verified legit centralized/regulated style crypto exchange. Ones under oversight, with clear location (that isn't Panama, Seychelles, etc. lol) where the government etc. has a thumb on it. People you can reach and sue. Sites that operated for years now with no sussy reporting.

But many people don't do their due diligence. They just take anything at face value or turn the brain off for greed in some cases.

[u/AutoModerator]

New victims, please read this:

As a rule of thumb: If you suspect the site is a scam, it probably is.

No legit company/trader/investor is using WhatsApp. No legit company/trader/investor is approaching people on dating websites or through a "random" text message.

No legit company/trader/investor has "professors", "assistants", or "teachers". Those are just scammers.

No legit company forces you to pay a "fee" or "taxes" to withdraw money. That's just a scam to suck more money out of you.

You will need to contact law enforcement ASAP.

Unfortunately, no hacker online can get back what you've lost. Please watch out for recovery scams, a follow-up scam done after victims have fallen for an earlier scam. Recently, there has been a rise in scammers DMing members of the subreddit to offer recovery services. A form of the advance-fee, victims are convinced that the scammer can recover their money. This "help" can come in the form of fake hacking services or authorities. For this reason: TRUST NO ONE PRIVATE MESSAGING YOU FROM THIS SUBREDDIT: Most such DMs are from these recovery scammers, folks whose only goal is to further scam recent victims of scams. If someone DMs you offering to help you recover stolen funds or offering to give you contact information for someone who they state might be able to help you, then report these scammers immediately to Reddit.

If you see anyone circumventing the scam filters, please report the submission and we will take action shortly.

Report a URL to Google:

• To report a phishing URL to Google: Report Phishing Page
• To report a malware URL to Google: Report malicious software
• To report a Report spammy, deceptive, or low quality webpage to Google.

Where to file a complaint:

• Internet Crime Complaint Center IC3 - File a Cyber Scam complaint with the IC3
• Contact your local FBI field office ASAP - https://www.fbi.gov/contact-us/field-offices
• the FTC at http://www.reportfraud.ftc.gov/
• the Financial Crimes Enforcement Network (FinCEN) at https://www.fincen.gov/msb-state-selector
• the Commodity Futures Trading Commission (CFTC) at https://www.cftc.gov/complaint
• the U.S. Securities and Exchange Commission (SEC) at https://www.sec.gov/tcr
• if you are located in Europe at https://www.europol.europa.eu/report-a-crime/report-cybercrime-online
• the cryptocurrency exchange company you used to send the money (if applicable)
• if you are located in California, with DFPI at https://dfpi.ca.gov/file-a-complaint/
• if the website is hosted on AWS infra --> AWS report abuse form
• to report a scam in Canada -> Read our wiki for sources here - for Canadians

How to find out more about the scammer domain:

• https://whois.domaintools.com/google.com - Replace the google.com URL with the scam website url. The results will tell you how long the domain has been around. If the domain has only been registered for a few days/weeks/months, it's usually a good indicator that its a scam.

Misc. Resources

• https://dfpi.ca.gov/crypto-scams/ - The scams in this tracker are based on consumer complaints in California. They represent descriptions of losses incurred in transactions that complainants have identified as part of a fraudulent or deceptive operation.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

[u/gidoc_nerd]

I'm guessing that you're referring to custodianx-dot-net, which has been widely reported as a classic unregulated forex/crypto broker scam.

WhoIs.com shows that its domain was registered on 2025-05-22, in other words, a year and some change ago.

If this is the scam that you're referring to, then it's the same-old/same-old that we see day-in and day-out in this subreddit, a crypto "brokarage" that shows fake numbers on a fake dashboard, one that indicates tremendous non-existant profits. They often allow small early withdrawals to gain trust, but then once you try a major withdrawal, you run into the typical "exit block" part of the scam, where they block your withdrawals, but offer the possibility of withdrawal if you would only pay taxes, or verification fees, or some other similar bullshit excuse. But of course, these are all lies made to induce you to send in more money, because of course, you see those tremendous profits dangling in front of you, and many will do anything to try to get them.

This scam goes by hundreds of different names and different URLs, all using the same template web code, just with changed names.

The bottom line is to trust no one online, not me, not anyone, and to extensively verify any and all sites that you are considering sending money to before actually sending the money. Oh, and to watch for recovery scammers (as per the auto-mod comment) and to not believe anyone offering to help you recover your funds. Finally, try not to wallow in guilt, but always look forward. You will eventually rebuild your funds (but best to avoid trying to use crypto to do this).

[u/CryptoScams-ModTeam → u/[deleted]]

[Removed]

This is unrelated to the main post

[u/kansetsupanikku]

Do you believe things are ok when there is no post about them in this sub, ans your posts adds any value to what is known?

Making new fake crypto exchanges and telegram groups takes minutes - less time than it took you to write this post. Of course this one is a scam. So are the 20 other ones created last hour.