[Exit Scam Crypto Rumor] Liqui.io is Liquidating Their Customer’s Crypto Assets via Binance and Bancor
Unfortunately, the crypto market is simply full of scammers. We have just read about a possible new scam, so you better watch out. The rumor started on Reddit after a user called mastertim1 posted on r/CryptoCurency.
He has affirmed that Liqui.io has been delisting most of its tokens lately and that this includes some of their tokens that have the most volume like BAT tokens. They give the customers just 15 days to withdraw after delisting, which is sort of like a month after the delistment announcement.
This, the user complains, could lead some people to lose their money if they do not see the news about it. The company, he affirms, has been liquidating assets and some people are already losing money. He cites an unnamed case in which lawyers are involved. The case, he says, is about a person who lost over $150,000 USD because of the delisting.
Liqui.io has already announced the unlistment of NET, XID, PTOY, NEU, ZRX, REN, AE, DNT, QRL, SNM, SRN and STX, among others. According to the original poster, the company is using Bancor and Binance to cash in the funds.
Is It a Scam?
While it does not make a lot of sense, it is still very early to be 100% sure of anything. However, it should be noted that the possibility of scam is very real, so you should withdraw all your assets from Liqui.io if you want to protect your money from any eventuality.
Only 15 days is a very short timeframe. Companies like Bittrex, for example, still process withdrawals a lot of time after the delisting of the assets. Because of this, it makes sense to be wary of this exchange.
Some people on Twitter seem pretty pissed right now, affirming that the company is running a scam and that they are hoping that some people are not able to take their tokens back so they get their money.