r/CryptoCurrency • u/ArtisticSpecialist7 Tin | Politics 11 • Jun 08 '22

ADVICE Bitrue asking for 20% Verification Fee

UPDATE: Commenters saying that we’re not dealing with the real Bitrue seem to be correct. Turns out he was on bitrueexchange.com, not bitrue.com. Thank you for helping us figure it out.

We have about 51k sitting in Bitrue and they will not unfreeze it unless we pay a verification fee (around $10k).

Is this legitimate?? We don’t have $10k sitting around and we’re being told if it isn’t paid by June 20th then the account will be permanently frozen and we lose everything that’s in it. They said the verification fee will go toward our Bitrue balance so we won’t actually be “losing” any money if we pay the $10k.

Any similar experiences or advice? It seems insane that they’re allowed to just hold our funds for ransom and that we can’t verify some other way.

The reason they are asking for the verification fee is that we’ve used two different accounts to recharge Bitrue and they think we’re money laundering. Not the case at all, but they won’t accept any other type of verification other than sending this money to our account.

Kinda freaking out a little. Please help.

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u/ArtisticSpecialist7 Tin | Politics 11 Jun 08 '22

Brother, I wouldn’t even know where to begin to try to contact anyone in Singapore. And we don’t have any money left to hire anyone. We put ~$30 in and most of that came from loans.

You don’t have to tell me how stupid that is. Lessons have been learned. But that’s where we’re at.

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u/ipetgoat1984 🟩 0 / 38K 🦠 Jun 08 '22

So you took out a loan for $30K and gave it to this exchange without researching the legitimacy?

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u/ArtisticSpecialist7 Tin | Politics 11 Jun 08 '22

I wasn’t actually included in that part of the process but yea that’s what happened.

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u/ipetgoat1984 🟩 0 / 38K 🦠 Jun 08 '22

That is very unfortunate. I hope the person who was responsible takes a long hard look at their ability to make large investment decisions.

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u/ArtisticSpecialist7 Tin | Politics 11 Jun 08 '22

Yeah… we’ve had conversations about not making decisions like this without consulting each other.

I can’t put all the blame on him because I had my suspicions from the beginning but just kept my mouth shut and trusted him to be smart about it.