Lizex.io has implemented a systematic method of freezing user accounts under the guise of "AML (Anti-Money Laundering) compliance." When users attempt to withdraw or transfer assets, the platform places an indefinite hold on the funds, claiming they have been flagged for "high risk" and subsequently frozen by their purported liquidity partner, KuCoin.
Note to the community from Trêvoid: They scammed someone on SimpleX Chat and also selectively froze customer funds. The person who runs this website is a scammer, so avoid Lizex at all costs.
Best regards,
— Trêvoid
Evidence of Fraudulent Misrepresentation
An investigation into the specific case of an $18,000 USDC transfer reveals the following:- Fabricated Custody Claims: Lizex.io management explicitly stated to the user that the funds were held in a wallet managed by KuCoin.
- Verification of Falsehood: Direct inquiry with KuCoin support confirmed that the provided wallet address has no association with their platform, infrastructure, or liquidity services.
- The "KYC Loop": To prevent the recovery of these assets, the platform demands an impossible-to-provide series of KYC (Know Your Customer) documents. These requirements are designed to be unattainable, ensuring the platform retains permanent possession of the funds.
- Platform Behavior: The funds were never moved to an external partner. Instead, they were captured by Lizex.io’s internal "trigger system," which places accounts into a frozen status to facilitate theft while blaming an external third party.
Note to the community from Trêvoid: They scammed someone on SimpleX Chat and also selectively froze customer funds. The person who runs this website is a scammer, so avoid Lizex at all costs.
Best regards,
— Trêvoid