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 to have been 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 worldwide.
It provides a low-threshold and easy-to-understand way for users to invest in digital assets and programmatic and systematic trading solutions for senior investors.
SKExchange claims to offer digital currency margin futures trading contracts and leverage ratios to meet users’ various trading styles.
Get in touch with our affiliated Cryptocurrency Forensic Specialists at CNC Intelligence for free by filling out the form below.
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 company information, such as LinkedIn accounts, telephone numbers, and registered addresses, is provided.
Strangely, their Copyright lines say “©Copyright 2022 Pcmcoin.”
What is Pcmcoin?
PCMcoin is not a cryptocurrency that we’re familiar with. However, we found 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 these seems relevant to the platform we’re reviewing…
As for contact information, we found a Telegram account: @CSK-Exchange.
There’s also an email address：email@example.com.
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, where 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.
Complaints We Received
On September 16, 2023, we received the following complaint:
I started using this platform in September last year and currently have two accounts. I have successfully withdrawn funds a few times. However, on April 17th, I made an error in a transaction and requested a correction. To qualify for the correction, I needed to reach a certain level, so I deposited more money on July 20th. A few days later, my level was upgraded.
My sub-account was corrected within five days of the upgrade. Unfortunately, I’ve been unable to withdraw or trade because my main account has not yet been corrected. The platform has informed me that the mistake was mine and that the amount requiring correction is substantial, so they need more time to resolve it. They typically send me an email whenever any process is completed. However, it has now been six weeks since my sub-account was corrected, and customer service has not responded to my messages since August 15th.
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, relevant company details, and low trust rank and mentions in scam lists raise 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 fallen victim to online scams, please comment below. If you have suffered a substantial financial loss, do not despair. We are here to assist you in recovering your funds!
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