Lost Coin Rescue has received multiple reports from victims of a fraudulent crypto exchange operating under the name XDY Exchange.
At first glance, the platform appeared to be a legitimate trading interface, complete with a polished dashboard, active charts, and customer support chat.
However, beneath the surface, XDY was a fabricated trading environment designed purely to deceive investors.
What Happened to Victims
Victims were typically approached online by individuals posing as financial advisors, traders, or brokers.
They were directed to deposit crypto into XDY’s platform, where fake balances and “profits” were displayed on screen.
When users tried to withdraw, the system refused to release the funds, instead demanding new payments under false reasons such as:
- “Gas fee” or “activation deposit”
- “Liquidity requirement”
- “KYC upgrade fee”
- “Tax clearance”
In many cases, these demands continued until the victims stopped sending money — at which point XDY support vanished, and account access was blocked.
How the Scam Works
- Imitation Setup:
The scammers clone trading software and make it look like a legitimate exchange. - Deposit Stage:
Victims send funds to wallet addresses under the scammers’ control.
The platform then simulates balances, but no real blockchain wallets are linked to the account. - Fake Growth:
The dashboard shows “profit” or “trading results” that don’t exist on-chain.
This convinces users they’re making money — prompting larger deposits. - Withdrawal Trap:
When a withdrawal is requested, the platform invents a fee condition (activation, liquidity, or tax).
Each payment goes directly to the scammers’ wallets. - Account Lock:
Once the scammers believe they can’t extract more funds, they disable login access and shut down communications.
Insights from Lost Coin Rescue
Our blockchain investigators have already traced multiple wallet clusters linked to the XDY fraud network, which show patterns consistent with pig-butchering and exchange clone scams.
We’ve seen nearly identical fraud structures in other cases, including Bitobyt, SyreCoin, and CoinTradeMax.
In all of them, on-screen “balances” are AI-generated numbers designed to keep victims engaged and believing they have assets to withdraw.
What Happens Next
Lost Coin Rescue has opened new cases related to XDY.
Victims who deposited funds into XDY should:
- Preserve all screenshots and TXIDs of deposits.
- Avoid contacting any party claiming to represent XDY.
- File an official report through our secure contact form to begin case assessment.
đź’¬ Our Message to Victims
If you’ve lost funds to XDY Exchange or any similar fake trading platform, you are not alone.
Each report helps us strengthen our tracing network and identify recurring fraud patterns.
Start your case securely through:
👉 Submit a Recovery Report
Your information will be handled confidentially, and our specialists will review your case free of charge.
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