Welcome to our SK Exchange review, in which we investigate the website currently found at sk-exchange.com.
On March 20, 2023 we came across a Better Business Bureau (BBB) review by an Alberta, Canada person who claims being scammed for $4254 by a cryptocurrency scam found at sk-exchange.com:
I invested in virtual currency and requested to withdraw my assets, but they are blocking my withdrawal by demanding a deposit.
This has made life very difficult, as all of my living expenses have been included. I have lost close to CAD $6,000 (USD $4,254).
So is SK-Exchange.com indeed a SCAM?
This domain was registered on July 28, 2022 for 5 years through Dynadot, LLC. It seems to be Chinese-owned.
According to their website, SK-Exchange is a trusted, secure, fast, and reliable cryptocurrency exchange platform to buy, sell, trade and earn cryptocurrencies.
SK-Exchange provides real-time market data of global high-quality digital assets.
According to their About page, SKExchange is a digital currency contract trading platform with offices around the world.
It provides a low-threshold and easy-to-understand way for users to invest in digital assets, as well as programmatic and systematic trading solutions for senior investors.
SKExchange claims to offer digital currency margin futures trading contracts, as well as leverage ratios to meet users’ various trading styles.
The platform aims to become the world’s leading and professional digital asset financial service provider and to provide more people-friendly blockchain application directions in many fields.
No information is provided about the company, such as LinkedIn accounts, telephone numbers, and registered address.
Strangely, their Copyright lines says “©Copyright 2022 Pcmcoin.”
What is Pcmcoin?
PCMcoin is not a cryptocurrency that we’re familiar with. However, we found some information about a cryptocurrency called PROCOM coin (PCM) which can be mined and has a current supply of 3,131,317 with 331,317 in circulation. The last known price of PROCOM coin is 0.00023061 USD and is up 0.00 over the last 24 hours.
We also found information about another cryptocurrency called Precium (PCM) which describes itself as a smart contract platform for peer-to-peer (P2P) transactions. It aims to allow contracting parties to create and use smart contracts simply and securely. Precium (PCM) is based on a set of core components that can promote interactions within the platform.
Neither of this seems relevant to the platform we’re reviewing…
As for contact information, we find a Telegram account: @CSK-Exchange.
There’s also an email address：firstname.lastname@example.org.
On Google there are not many mentions of this website. It is mentioned in a couple of lists of scam websites.
They are also mentioned in a scam-detector.com page, in which sk-exchange.com has a medium-low trust rank. The website’s trust index is 38.7/100 considering 50 relevant factors related to this industry, ranging from WHOIS data and social media feedback to Alexa rank and website technology. Scam Detector suggests being cautious when dealing with sk-exchange.com.
SK-Exchange.com is a cryptocurrency exchange platform that claims to be trusted and reliable, but there are concerns about its legitimacy.
A recent BBB review accuses the platform of scamming the user out of $4254 by blocking their withdrawal and demanding a deposit.
The lack of contact information and relevant company details, as well as the low trust rank and mentions in scam lists, raises red flags.
Users should exercise caution when considering using SK-Exchange.com and research thoroughly before depositing funds from their bank account or using it to trade on crypto exchanges.
If you have any experience with them, share your experience by leaving a comment below this review.
If you lost money online to online scams, such as the SKExchange scam, make sure to get a free consultation with one of our recommended scam recovery companies.