Problem withdrawing assets from chineese trading platform

Vankata said:
Hello I have problem with my withdrawal from a chineese trading platform (https://wap.ghcap.vip/). A friend of mine told me about this opportunity to earn if I trade on the above mentioned platform for currency pairs, so I bought some binance coins from my bank account and deposited them to this exchange(they got converted to USDT). I traded with my friends help with little amount and made little profit, that I was able to withdraw back to my binance e-wallet and then to my bank acount. So I thought everything is fine, and bought more coins from binance, deposit them to this exchange and traded again with my friends help and made a profit of about 27000usdt. Then the problems start emerging after I tried to withdraw all my assets from this exchange back to binance. I had to deposit many times to meet their requirements (increse my credit score, deposit to ensure there is no money laundering involved and make a few trades, deposit again to get VIP1 membership rights in order to be able to withdraw within 3 day (the ordinary users withdrawal process takes at least 90 days, but if any upgraded user tries to withdraw i will again placed behind them, which I thought would never get my money back, so i upgraded, with money that I borrowed)). Now I have used all my savings and I am in debt and I still cannot withdraw my assets from this exchange. After talking with customer service, this is their explanation:
"respected user. The World Bank Supervisory Committee has tested that the funds in your account have recently fluctuated significantly. Your withdrawal was intercepted and returned to your account. To prove that your source of funds is legal. At the same time to ensure the safety of your funds. You need to deposit 20,000 USDT as a security deposit. Then you can make a withdrawal" (they say World Bank Supervisory Committee, but then explained that it was Chineese Banking Supervisory Committee)
I am looking for some help if anyone in this communitee has faced such problems, how did they resolved them? Is this suspicous that they keep asking for depositting more and more and not provide any proof of their subsequent actions, that my withdrawal will succeed? They even threated to sue me, if I do not deposit !! Is this possible for me to go to jail if I do not deposit the wanted sum! I am in a very difficult situation here and would appreciate any help or at least some guidance if anyone has experiences such thing before.
P.S All the money that I used to deposit, are from my savings, that I would stash for years from my sallary as a software engineer. The rest I was lended my bank loan, my sister and anoter friend.
P.S If this is not the propper place for this thread, I appologize and would appreciate If anyone could point me to the right one. Thank you in advance.
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You have been scammed. CONTACT THE POLICE, RIGHT NOW!!! That's a very popular scam in China. I have already quite a few friends who fell prey to this scam. This is already a modified version of the scam. In the original version, you are not able to withdraw anything at all once you've deposited your money. The link is not even clickable. Now they've modified it a bit to let you withdraw when the amount is small and only disallow you to withdraw your entire deposit.

If you can, try to see if you can find out where that app or that fake "currency exchange company" is located in China and contact the police of the city where this company is located. Sometimes the police in China would be able to block the transfer and/or freeze the account of the fraudster so you might be able to recover some of your money but you need to ACT FAST!! One of my friends sensed something wrong after depositing her money and when she couldn't withdraw her money anymore, she contacted the police right away and the police was able to block her deposit and freeze the account of the defrauding company and she was able to recover her most recent deposit but all of her previous deposits were gone because they've already been transferred out.

Next time do NOT invest anything with any Chinese platform or anything Chinese especially through anything social media!! Geez haven't people learned anything from what's happening with Evergrande? Even large investment companies like Blackrock and UBS and HSBC are about lose their $$ after investing with China, what makes you think you can earn any profit investing in Chinese companies? Jesus people!! Think!!
 
trend2009 said:
You think the story is made up?
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No the story is real. This scam is very popular in China. See my previous post. The OP needs to contact the police right away!! The police in China is actually quite good in dealing with scams now because they are more experienced now with these s*** unlike the police here. This happened to one of my friends and she was able to recover some of her money after contacting the police in China.
 
JSOP said:
No the story is real. This scam is very popular in China. See my previous post. The OP needs to contact the police right away!! The police in China is actually quite good in dealing with scams now because they are more experienced now with these s*** unlike the police here. This happened to one of my friends and she was able to recover some of her money after contacting the police in China.
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Stop freaking out. The domain name seems to come back to Iceland.

https://www.elitetrader.com/et/thre...e-trading-platform.361753/page-2#post-5463242
 
Probably used Iceland address so that it's more difficult to verify the exact location.
If they used NY for example, then it could be quickly checked, just assuming.
The address is a red herring.
 
trend2009 said:
who is the friend that led you to the pitfall? Do not deposit any more cents. They try to juice last cent out of you. do not worry they will sue you, because if they do, they will go to jail. It is nothing to do with Chinese bank system, since crypto is illegal in China.

you said you are a software engineer, how old are you? when the first red flag flashed, you deposited more which is quite naive.

you could report to police, but it is useless, since they are not in us, and you do not know who and where they are. You sent them crypto, so even bank can not trace them. The only clue is website, try to find who is the website owner, and where he is. Possibly that doesn’t help you either since the domain name rented anonymously.

I feel for and sympathize with you. But no one can help you. It is just some money, you can live without it. you still have job and you sound young.
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You are right that was naive from me. This sitr looked suspecious to me, but I was assured by my friend, and decided to trust her as I woudnn't think a friend could stab me in the back, and I was also greedy, I admit. I will see what I can do about this site, but I do not really trust that police in Bulgaria would help me, just like all the government institutions.
 
Vankata said:
You are right that was naive from me. This sitr looked suspecious to me, but I was assured by my friend, and decided to trust her as I woudnn't think a friend could stab me in the back, and I was also greedy, I admit. I will see what I can do about this site, but I do not really trust that police in Bulgaria would help me, just like all the government institutions.
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Where did you meet this "friend"? Tiktok? Wechat? That should give you a clue. Try to see if there is a mobile version of this platform. It might be easier to pinpoint the originating location through the mobile version.
 
JSOP said:
Where did you meet this "friend"? Tiktok? Wechat? That should give you a clue. Try to see if there is a mobile version of this platform. It might be easier to pinpoint the originating location through the mobile version.
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Ok, in this https://wap.ghcap.vip/ there is an "Introduction to the Platform" link that leads to the following site- https://www.ghcos.vip/, and I can see there are mobile apps of this platform
 
trend2009 said:
It is nothing to do with Chinese bank system, since crypto is illegal in China.
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Crypto exchanges still exist in the rest of the world outside of China. The crooks could've still exchanged the bitcoin through any of those exchanges to RMB and transfer the RMB back to the bank account in China if the crooks in indeed from China. I have a feeling it is.
 
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