A crypto trading scam by Unicly.ai (previously they were Movex.ai) has recently been exposed by investors. The trading platform lured investors into trading with high profits. When investors wanted to withdraw their funds, the first 2 small withdrawals were fine, but the 3rd withdrawal was required to pay taxes. And, even if the customer pays the required tax they are still unable to withdraw their funds ......

The following is the investor's description of the Unicly scam as a reminder to identify and stay away from their traps.

This happened to me: - I got befriended by someone on IG. I put money in a small exchange, lack of due diligence, but eager to try the new cryptocurrency scene, someone lead me to make a trade and of course in 3 months almost "trading" every other day ...increase "profit". on the 3rd month they took me to options trading which then sky-rocket the profit. I then want to take out funds and as you noted, first 2 times of small amounts withdrawal was fine but the 3rd withdrawal - not allowed - they asked me to pay taxes out of pocket first.

so i pay taxes out of pocket but the person who took me to trades also helped me pay taxes! - to completion! I was excited and got hopes up! Now I thought I can withdraw!

However, upon withdrawal they said due to the multiple accounts paying my taxes- they freeze my account and say it is at risk. They want me to verify proof of funds (30%, equivalent of the "taxes" I just paid) through a "verified" link (they provide) to put through the browser of Coinbase wallet. So now that's where I'm at... they continue to ask me to just "proof of funds" then I can withdraw the amount normally.... they say it's through cooperation with coinbase wallet but it is not when they are giving me a specific link I need to input my funds into right?! Obviously suspicious right? They did not accept my wallet that I am comfortable using which is secure.

the trading platform is Unicly.ai, previously they were movex.ai

FxGecko data shows that Unicly has a rating of only 2.6 and is an unregulated trading platform. A look at their website shows that the broker operates almost anonymously, with no regulatory information, registered address, contact number or other details on their website.

When you trade on such near-anonymous, unregulated trading platforms, you are at greater risk of fraud because the background and operation of these platforms cannot be easily verified. Once you deposit with them, your funds are unprotected and at risk at all times.

In addition, FxGecko reminds you that any trading platform that asks you to pay taxes, deposits and other withdrawal fees is a scam. Beware!

Broker details: https://www.fxgecko.net/en_US/platform/17291.html

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