Hcoinrex Alert

On May 1st, 2024, Brokervictims received notice about a possible scam through its CRM system. The SEC also warned about this potential fraud. Based on our review, Hcoinrex seems to be a cryptocurrency platform that raises red flags. Users report being unable to withdraw their money after depositing it. The platform asks for an unusual fee (15% personal income tax) to withdraw funds, which is not a common practice with legitimate cryptocurrency exchanges. Reviews online suggest that customer service is done through WhatsApp, which is less secure than traditional methods used by reputable cryptocurrency exchanges.

It is wise to avoid investing with this platform. 

What To Do If You Were Scammed 

Make sure you gather all information from the broker and records of communication, including bank statements. File a complaint with the local authorities and financial regulators in your country. 

Report the scam to Brokervictims, an organization dedicated to investigating online scams and helping victims in the process of fund recovery.

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