Lost my crypto after investing in a supposed 'AI trading bot' – is it gone forever?

asked 27d ago16 views43 answers
0

Ok, so I'm pretty embarrassed about this, but I really need some advice. I got sucked into one of those 'AI trading bot' things, supposedly super profitable. It was all on a really flashy website, promised like 15% returns a week, said it was using advanced algorithms and stuff. I transferred a decent chunk of ETH, like, all my savings after my last bonus, from my personal wallet to their platform. This was over a couple of weeks, small amounts at first, then a bigger one. Everything looked great on their dashboard, 'profits' were accumulating, but when I tried to withdraw, they hit me with a 'tax' fee, then a 'verification' fee, then a 'liquidity' fee. I paid one of them, but then it just kept escalating. Now their website is down and no one answers my emails. Feel like such an idiot. Did anyone else fall for this? Is there *any* way to get my ETH back? I'm in Ottawa, Canada, if that helps.

#crypto-scam#ai-trading#investment-fraud#ethereum#canadaasked by Noah Ouellet · Ottawa, Canada

43 Answers

38

Noah, I hear you, and it's a common, unfortunately effective, scam vector. These 'AI trading bot' schemes are classic advance fee fraud wrapped in crypto glamour. They create these hyper-realistic dashboards showing fake profits to lure you in, then hit you with endless fees. The promise of super high returns is the first red flag, 15% a week is simply impossible in legitimate trading without extreme, non-sustainable risk. Usually, once they start with the 'tax' or 'verification' fees, it's a sign they never intended to let you withdraw. Paying more just means losing more. In terms of recovery, if the funds were sent off-chain to their controlled wallets (which is often the case with these platforms, they aren't actually trading on a real exchange), it's extremely difficult. Your best bet is to report it to the Canadian एंटी-फ्रोड Centre and local police. Provide all the details you have: wallet addresses, website URLs, communication logs. Sometimes, if law enforcement manages to trace the funds to an exchange that cooperates, there's a slim chance, but honestly, it's very rare. Focus on not losing more and moving on.

Lea Petit · Paris, Franceanswered 27d ago
45

Adding to what others have said – these 'AI bot' platforms are often run by sophisticated criminal groups. They build legitimate-looking websites and use social engineering to get people to invest. The crucial red flag here, beyond the unrealistic returns, is that *they control the platform*. You sent your crypto *to them*, not to a decentralized protocol. Once it's in their wallets, it's gone. There's no such thing as a 'tax' or 'liquidity' fee to withdraw your *own* money from a legitimate platform. These are always, always, always scam tactics. Don't engage with anyone who promises they can recover it for you for a fee, those are often just secondary scams preying on victims. Cut your losses, block them, and learn from this experience. Report the wallet addresses if you have them, to help future victims.

Amelia Walker · Adelaide, Australiaanswered 27d ago
22

Ugh, Noah, same thing happened to me last year, almost. Not an AI bot, but a forex one with 'guaranteed returns'. The dashboard looked so real, my 'profits' were going up steady. I even convinced a friend to put in a little. Luckily, I only put in a couple hundred bucks from my Revolut account for a 'test', but my friend lost close to 3k. When I tried to withdraw just my initial test amount, they told me I needed to 'upgrade my account' to a higher tier. That's when I smelled a rat. Their website disappeared a few weeks later. My friend was devastated. We reported it to the Singapore police, but nothing came of it. It's tough, man. Don't beat yourself up, these guys are pros at manipulating people. Just gotta learn from it. Sorry that's not more hopeful.

Samuel Goh · Singapore, Singaporeanswered 27d ago
41

This whole 'AI trading bot' thing is just another iteration of a classic scam, tbh. The technology changes, but the core mechanics are always the same: promise high returns, create a flashy but fake platform, demand more money for 'fees' to withdraw, then disappear. It's often called 'pig butchering' when they cultivate a relationship over time. Never, and I mean *never*, trust platforms that aren't well-known, regulated exchanges like Coinbase or Binance, especially with crypto. If it sounds too good to be true, it absolutely IS. The 'tax' and 'verification' fees are designed to extract more money from you before you realize it's a fraud. Consider anything you sent as gone. Don't fall for recovery scams offering to get it back for an upfront fee either – they're just preying on your desperation.

Hugo Garcia · Lille, Franceanswered 27d ago
17

Oh man, Noah, that's rough. I've seen so many posts like yours lately. The 'AI trading bot' and 'high yield investment program' (HYIP) scams are everywhere right now. A big red flag is always those insane weekly returns – nobody, not even the best hedge funds, can consistently get 15% a week. It's mathematically unsustainable. The fees you were asked for are 100% scam tactics. They're just milking you for every last cent. Do *not* pay any more. Your ETH is likely gone. I know it hurts, but don't let them take more. Report it to local authorities, maybe the Royal Canadian Mounted Police if you think it's a larger operation. But manage your expectations for recovery.

Leo Lefebvre · Nantes, Franceanswered 27d ago
45

I really, really wish I had seen this post sooner. My dad, bless his heart, fell for something so similar a few months back. An 'AI quant trading' platform, sounded super sophisticated. He put in a five-figure sum, his retirement savings almost. He was showing me his 'profits' daily, all excited. I told him it looked suspicious, the URL was weird, everything. But he didn't listen. Said it was too good to pass up. Then came the 'withdrawal fees', then 'regulatory charges'. He paid some, but then they wanted even more. By the time I forced him to stop, the website had vanished, and all the 'support' contacts were dead. We feel sick about it. I'm so sorry you're going through this, Noah. It's a horrible feeling. I reported to Action Fraud here in the UK, but they basically said it's a lost cause.

Jack Green · Edinburgh, United Kingdomanswered 27d ago
33

This sounds exactly like what my aunt went through. Hers wasn't an 'AI bot' specifically, but a 'high yield savings platform' that promised crazy returns daily. She even showed me the dashboard on her phone, all the 'profits' growing. But when she tried to take out a small amount to pay a bill, they told her she needed to deposit *more* money to 'unlock' withdrawals due to a new 'KYC policy.' Total rubbish. These platforms are designed to extract as much as possible. I told her if a platform asks you for more money *to get your own money out*, it's a scam, 100%. She was devastated. She ended up losing about 80k ZAR. I really hope you didn't pay too many of those 'fees', Noah. Every cent paid after identifying the scam is just throwing good money after bad.

Sarah Naidoo · Cape Town, South Africaanswered 26d ago
12

Oh man, that's a tough one, Noah. It's totally understandable to feel embarrassed, but please don't. These scammers are incredibly sophisticated and target people's hopes for financial improvement. You're not alone. I've heard countless stories here in the Netherlands, similar setups, different disguises. The instant profits, the fees, the ghosting – it's their playbook. Losing your savings is devastating, and it's okay to feel that. The most important thing now is to make sure you don't fall for secondary scams (recovery services). Take care of yourself. Maybe reach out to a support group if the emotional toll is too much. Financial loss is hard enough without the added shame they try to put on you.

Saar Meijer · Utrecht, Netherlandsanswered 26d ago
35

From a technical standpoint, Noah, if your ETH was transferred to a wallet address controlled by the scammers (as it almost certainly was), and not just locked in a smart contract you interacted with, recovery is extremely difficult without law enforcement intervention. What we often see with these 'AI bot' investment scams is that they use a mix of on-chain activity to appear legitimate (e.g., you might see your ETH exit your wallet) but then they move it quickly through mixers or to other exchanges without proper KYC. Tracing the funds is possible with specialized tools like Chainalysis or TRM, but only law enforcement agencies or very large corporate investigations usually have access and resources for that. Even then, they need cooperation from exchanges where the funds ultimately land, and if those are unregulated or in jurisdictions with lax laws, it's a dead end. Your best path is to compile every single piece of evidence – transaction IDs, wallet addresses they gave you, URLs, screenshots, communication history – and report it formally. This helps intelligence gatherers, even if it doesn't get your funds back immediately.

Wei Tan · Singapore, Singaporeanswered 26d ago
8

Another one bites the dust with these AI scams, eh? It's like they just rebrand the old Ponzi or 'get rich quick' schemes with whatever the new tech hype is. Last year it was NFTs, now 'AI bots'. Next year it'll be something else. The moment they ask for 'fees' to take your own money out? That's the mic drop moment. It's a scaam. Trust your gut if it feels off. I wouldn't waste another second or another rand on this, it's a black hole. Just report it to the authorities and try to forget about it, painful as it is. Sorry, but that's the harsh reality of it.

Olivia Ndlovu · East London, South Africaanswered 26d ago
12

This is a classic crypto scam, unfortunately. The "AI trading bot" is a front. Those fees are designed to bleed you dry. They prey on the greed that the crypto market can sometimes induce. I've seen similar ones advertised. The website going down and communication ceasing is terminal. Likely, the ETH is already converted to something untraceable or in an unregulated privacy coin. I doubt you'll recover it directly.

My advice: while recovery is unlikely, file a report anyway. Use the FBI's Internet Crime Complaint Center (IC3). Even if they can't recover funds, complaints help them track these operations. Note the exact platform name, any wallet addresses involved (even if they stopped responding), and timestamps.

Hassan Al Mansoori · Al Ain, UAEanswered 26d ago
9

Oh mate, I am so sorry to hear this. It sounds absolutely gutting, especially losing your savings. Don't beat yourself up too much, these scams are getting incredibly sophisticated and persuasive. They look so legitimate on the surface. It's easy to get caught up in the hype and the promise of quick returns. You're not alone in this, sadly. I've seen friends almost fall for similar things. Just try and take a deep breath. We're all here to offer support.

Daniel Wright · Sheffield, United Kingdomanswered 26d ago
10

Listen, this is a very common type of crypto fraud. The "AI bot" is just a lure, and the escalating fees are a red flag, as you now realize. They are designed to keep you paying more and more, promising eventual access to funds that will never arrive. The website disappearing is the final confirmation. There's almost no chance of getting your ETH back through the platform. They operate in a very gray area, and funds are moved very quickly. Be extremely careful about who you trust online in the future - if it sounds too good to be true, it almost certainly is. Legitimate trading bots don't operate like this or demand these kinds of 'fees'.

Ethan du Plessis · Bloemfontein, South Africaanswered 26d ago
8

This is disheartening. I have seen many such fraudulent schemes operate within the crypto space. The narrative of an 'AI trading bot' with guaranteed high returns is a common trope used by scammers. The escalating fees – "tax," "verification," "liquidity" – are textbook tactics to extract additional funds. Once the website is down and contact is lost, the funds are likely irretrievable. These operators often use mixers or decentralized exchanges to obscure the trail of the stolen cryptocurrency. It is a harsh lesson, and I empathize with your situation.

Khalid Al Qasimi · Ras Al Khaimah, UAEanswered 26d ago
11

Gutted for you. I know exactly how you feel. I fell for something similar last year, though it was a forex bot. Lost about £5k. The way they suck you in with the fake dashboards and 'profit' reports is unreal. Then the excuses start. Mine demanded a 'government compliance fee' before I could withdraw. My wife told me it was dodgy from the start, but I was in too deep emotionally by then. It's a horrible feeling to realize you've been played, and that money just gone. I'm still kicking myself.

Thomas Wolf · Hannover, Germanyanswered 26d ago
7

Hmm, 'AI trading bot' and 15% weekly returns? Sounds like typical scam bait. I'm sorry, but if it walks like a duck and quacks like a duck... you get the picture. These platforms often just show you fake numbers on a dashboard. They might even be using your initial small deposits to pay out 'earlier' investors to build trust, before the rug pull. The fees are just an excuse to get more money from you. If their site is down and they're unresponsive, it's pretty much over for getting that ETH back. Did you keep records of the transactions? The wallet addresses they sent funds to?

Faisal Al Mansoori · Al Ain, UAEanswered 26d ago
13

This is rough, but see it as a very expensive lesson learned. I was nearly caught by a similar bot scam but bailed out just before sending any significant money. They kept pushing for a 'minimum investment to activate the AI'. I saw the glowing reviews, the slick website, all of it. But when they started getting cagey about providing audited proof of their trading activity, I got suspicious. I reported the site to the FTC via their website. It might not get the money back, but good to flag it. The sad reality is most of that ETH is probably long gone, laundered through multiple wallets.

Jack Green · Leeds, United Kingdomanswered 26d ago
10

I, too, lost funds to a "guaranteed profit" crypto scheme. It wasn't a bot, but a fake token sale. The pressure to invest more was immense. They promised exclusive access to an ICO. When the token price supposedly kept going up on their internal market, I felt like I was on top of the world. Then, same as you, withdrawal problems. They cited 'account security' issues. My mistake was not realizing that the price displayed was entirely fabricated by them. It's a harsh lesson about due diligence. I'll never invest in anything without independent verification and a clear understanding of the underlying tech and team again. Reporting it to ChainAbuse helped me somewhat, just to log it.

Thomas Weber · Cologne, Germanyanswered 26d ago
14

This sounds precisely like a sophisticated phishing and Ponzi scheme hybrid. The "AI trading bot" is a mirage – the real mechanism is likely acquiring new user funds to pay out 'rewards' to earlier users, creating the illusion of profit, and then vanishing. The escalating fees are a common way to extract final sums before the exit. Since you transferred ETH from your personal wallet to their platform, the blockchain record exists, but tracing it to actual recovered funds is exceptionally difficult due to mixers and P2P exchanges. In Europe, entities like the CFTC might be the relevant reporting body, though direct recovery is rare. Always use hardware wallets and never send crypto directly to a platform's wallet without rigorous KYC and a provable track record.

Chloe Moreau · Paris, Franceanswered 26d ago
6

Yep, sounds familiar. The whole "AI trading bot" narrative is just a hook. They create fake dashboards to make you *think* you're earning. Those fees? Pure scam. They just keep inventing new ones until you stop paying or they disappear. I lost a few hundred quid to one of these last year. It was a lot for me. Felt like a total mug. The website just vanished overnight. Haven't seen a penny back. Don't hold your breath on getting it recovered, mate. Just chalk it up to experience and be super wary of anything promising easy money online.

Aoife Doyle · Belfast, Irelandanswered 26d ago
7

I'm really sorry this happened to you. That's just awful, especially when it's your hard-earned savings. These scams are brutal. It's easy to get caught up in the excitement of potentially making money, and these platforms make it look so convincing. I haven't personally fallen for this type of thing, but I've heard so many similar stories. It takes a lot of courage to share your experience, so thank you for that. It might help others avoid the same fate. Focusing on what you can do now: take a break, talk to someone you trust, and remember that you're not defined by this mistake.

Andrew King · San Diego, USAanswered 26d ago
8

Oh no, that's awful. I am so sorry. I almost got sucked into one of those. The website looked good, and they had these testimonials that seemed so real. A friend told me to send a TINY amount, like $50 worth of BTC, to "test" it. It showed up as 'profit' in like an hour. I almost transferred more but then saw a post somewhere warning about the "fees" it asks for before withdrawal. Dodged a bullet there, thankfully. Yours sounds like the full scam. That feeling of emptiness when you realize... Ugh. I can only imagine.

Isla Nguyen · Gold Coast, Australiaanswered 26d ago
15

This is heartbreaking. An "AI trading bot" that promises unrealistic returns and then presents fabricated fees is a hallmark of a crypto scam. I've consulted on a few cases similar to yours. The crucial error most victims make is sending funds directly to the platform's wallet rather than using a secure, regulated exchange like Binance, where there are at least some (though imperfect) safeguards. The scammers' goal is to isolate your funds. Once they have control, recovery is exceedingly difficult. The trail often leads to anonymous wallets, privacy coins, or decentralized exchanges designed for obfuscation. Your best recourse, beyond reporting, is learning to spot the red flags: guaranteed high returns, pressure tactics, vague explanations of the technology, and upfront 'fees'.

Maryam Iqbal · Dubai, UAEanswered 26d ago
5

Hey, that really sucks. I'm really sorry about your ETH. It sounds like a total scam, and you're definitely not alone. I've heard so many stories like this. The flashy websites and guaranteed returns are just bait. Try not to beat yourself up too much, it's easy to get caught out. What's done is done, but you've learned a valuable lesson. Focus on rebuilding your savings and moving forward. If you want to vent or just need an ear, this is a good place.

Raphael Simon · Strasbourg, Franceanswered 26d ago
16

This is a textbook example of a fraudulent crypto scheme, often referred to as a 'rug pull'. The "AI trading bot" is merely a narrative to entice users. The escalating fee structure is a classic tactic to extract as much as possible before abandoning the project. Given your location in Canada, you could report this to the Canadian Securities Administrators (CSA). While they may not recover funds directly, such reports contribute to regulatory oversight. The funds are likely already dispersed. However, if you happen to have any transaction IDs or wallet addresses associated with the platform, providing them to regulatory bodies or even a trusted fraud investigation firm (be wary of scams *posing* as recovery services) is the only slim chance you have. Do not pay any further 'recovery' fees.

Mia Lavoie · Halifax, Canadaanswered 26d ago
9

Man, that's rough. I've heard of these AI bot scams. They make it look so real with the graphs and everything. My cousin almost fell for one, but he got spooked when they asked for his bank login details for 'verification'. That's a huge red flag – never give out banking credentials that way. They just want to drain your accounts. It sounds like you got hit hard. The sad truth is, once they shut down the site and go dark, the money is pretty much gone. Keep an eye out for anyone messaging you privately offering to help recover it for a fee – that's usually another scam.

Kevin Miller · Denver, USAanswered 26d ago
12

I know EXACTLY how you feel. I lost about $10k to a similar crypto cloud mining scam a couple years back. The website looked super legit, had fake timers counting down for 'limited spots'. They also had a referral program that made me feel like I was doing something right by bringing others in. When I tried to cash out my 'cloud earnings', they said I needed to pay a 'withdrawal fee' in Bitcoin first. Paid it. Then they said my account was flagged for 'suspicious activity' and I needed to pay a 'compliance fee'. After that? Website gone, emails bounced. It’s a horrible lesson. Hope you're doing okay, tbh.

Sarah Ndlovu · Cape Town, South Africaanswered 26d ago
10

Oh gosh, I'm so sorry. Reading this brought back memories of when my brother lost a bunch of money to something similar. He'd invested in what he thought was a private equity fund, but it turned out to be a total scam. They had a really professional-looking brochure and even fake 'client testimonials'. When he tried to withdraw, they kept asking for more money for 'legal fees' and 'international transfer charges'. It was a nightmare. He never got it back. The best thing he did was report it to the police, and he was told to keep *all* records. Even if they can't recover the money, it helps build a case against these criminals.

Amelia Gauthier · Victoria, Canadaanswered 26d ago
18

This is a very common scam model within the cryptocurrency sphere. The "AI trading bot" is a fabrication designed to exploit the desire for passive income. The escalating fees are designed to maximize extraction before the scam collapses. Since you sent ETH from your personal wallet to their platform, the transaction is on the blockchain. However, recovery is extremely difficult. These operations often employ mixers or decentralized exchanges to obscure the flow of funds. While it’s unlikely you’ll recover the exact ETH, you should absolutely report this to the FBI's Internet Crime Complaint Center (IC3) (ic3.gov). Provide all details: the website URL, wallet addresses used, dates, and amounts. This helps law enforcement track these networks, even if individual recovery isn't feasible.

Julia van den Berg · Almere, Netherlandsanswered 26d ago
2

Man, that sounds exactly like the crypto scam that was going around a few months back. They use these fancy dashboards that look legit, showing fake profits to keep you hooked. When you try to cash out? Bam! More fees. The website going dark is the final nail. It's highly likely the ETH is gone; these operations are designed to drain you and disappear.

Honestly, these 'AI trading bots' are almost always fronts for theft. No legitimate bot is going to promise 15% *weekly* returns – that's absurd. Regulatory bodies like the CFTC in the US would shut that down in a heartbeat if it were real. Your best bet now is to report it, but don't expect money back easily.

Ethan Smit · Pretoria, South Africaanswered 26d ago
3

Oh wow, I'm so sorry to hear this happened to you. That sounds absolutely devastating, especially when it was your savings. It's completely understandable why you'd feel embarrassed, but please don't. These scams are designed to look so convincing, and they prey on people's hopes for a better financial future. You're definitely not alone in falling for something like this.

Take some deep breaths. The first step is acknowledging it, which you've done. Next, you need to report it. It might not get your crypto back directly, but it helps authorities track these criminals. Have you tried filing a report with the FBI's IC3? They handle online crimes, and while it's a long shot for recovery, it's a crucial step.

Noah White · Brisbane, Australiaanswered 26d ago
1

These 'AI trading bots' always sound too good to be true, right? 15% a week is insane. Did they show any verifiable proof of their 'advanced algorithms' or any real-world trading activity on regulated exchanges? Or was it all within their own platform's interface? Because usually, if there's no link to exchanges like Binance or a clear audit trail on a public blockchain explorer for actual trades, it's a big red flag. I'd be very surprised if the ETH is recoverable at this point.

Aisha Al Falasi · Dubai, UAEanswered 26d ago
5

I fell for EXACTLY the same thing last year. They promised the moon with their 'AI bot'. Started with a small amount, they showed huge profits, then asked for more. When I wanted to withdraw my initial investment (plus the fake profits), they invented fees – tax, withdrawal, verification. It just kept going. I eventually lost about $5k CAD. Website vanished, emails ignored. I felt so stupid for weeks. I reported it to the police but they said crypto was too hard to trace. I don't think you'll get your ETH back, I'm sorry to say.

Grace Lim · Singapore, Singaporeanswered 26d ago
2

Hey there. That's rough, man. Really sorry you're going through this. These AI bot scams are getting more sophisticated, and it’s easy to get caught up in the hype when they show those fake gains on a slick dashboard. Don't beat yourself up about it. You took a chance, and unfortunately, it was on a scam.

Did you happen to get the wallet addresses they sent your ETH to? If you still have those transaction IDs or wallet addresses, that's the first piece of evidence. Sometimes, even if the website is gone, you can trace the blockchain activity a bit. Reporting it to the FTC is anonymous and helps them gather data on these fraudulent operations.

Brian Rodriguez · Phoenix, USAanswered 26d ago
3

Ugh, another one bites the dust. This is precisely why regulatory oversight is so critical for crypto. The fact that they were asking for successive 'fees' before any withdrawal is a classic scam indicator. Legitimate platforms might have *one* withdrawal fee, but multiple escalating ones, especially labeled as 'taxes' or 'verification,' are almost universally a sign you're being fleeced.

Look, the ETH is almost certainly gone, moved through mixers or to private wallets. Your best recourse, though unlikely to recover funds, is to report it. Since you're in Ottawa, consider reporting to the Canadian Anti-Fraud Centre. Also, filing with the FBI's Internet Crime Complaint Center (IC3) is a good general step for cross-border online fraud. Keep meticulous records of every transaction and communication.

Ava Bouchard · Toronto, Canadaanswered 26d ago
1

Fifteen percent *weekly*? Seriously? My BS-detector is off the charts. Where was their regulatory registration? Did they provide any whitepaper or technical documentation about these 'advanced algorithms' that wasn't just marketing fluff? Usually, if it sounds like a guaranteed get-rich-quick scheme in crypto, it's not. I'm sorry to hear you lost funds, but I'm not surprised given those promises.

Hao Tan · Singapore, Singaporeanswered 26d ago
4

This is textbook. I was nearly hooked by one of these AI bot scams last year. They had the same flashy site, the same promises of crazy returns. I almost sent some BTC but my missus saw it and said 'This looks dodgy, Charlie'. Thank god I listened. They even had fake testimonials which looked really convincing. When I dug a bit deeper, I found posts on Reddit from people who'd lost thousands. Glad I dodged it, but gutted for you, mate. The main thing is to warn others and try and report it.

Charlie Smith · Manchester, United Kingdomanswered 26d ago
3

It’s a disheartening situation. These crypto 'investment platforms' that promise astronomical returns using proprietary tech are a well-worn scam path. The escalating fees are a definitive red flag – they *want* you to pay more, assuming you'll keep paying to try and recoup your initial investment.

Don't get lured by any 'recovery services' that contact you directly, especially if they claim they can get your money back for an upfront fee – these are almost always follow-on scams (think Funds Recovery Group, they're notorious). Your best genuine step is reporting to relevant authorities like the FBI IC3. Document everything: website URLs, transaction IDs, communication logs.

Grace Naidoo · Durban, South Africaanswered 26d ago
1

Oh no, that's terrible news. It sounds like a classic phishing or Ponzi-style investment scam, just dressed up in AI clothing. It’s incredibly frustrating when you put your trust into something and it turns out to be fraudulent. Please don’t feel too bad about it – these scammers are really good at what they do.

What you can do now is report it. Have you thought about reaching out to ChainAbuse or a similar blockchain transparency watchdog? They might not recover funds, but they track and expose these schemes, which helps the community.

Mia Schulz · Dresden, Germanyanswered 26d ago
2

This is a common trap. The fake dashboard showing accumulating 'profits' is designed to create a sense of urgency and a belief that the money is real and growing. When the withdrawal is blocked by escalating fees, they’ve already secured your funds and are likely just playing for time or trying to extract more. The website disappearing confirms the scam.

While recovering the stolen ETH is extremely difficult, reporting it is crucial. Since you're in Canada, I'd strongly advise filing a report with the Canadian Anti-Fraud Centre. They compile these reports and can identify patterns. Also, look into reporting it to the FTC in the US, as many of these operations have US links or targets.

Aaron Ng · Singapore, Singaporeanswered 26d ago
3

I saw a similar thing operate briefly, calling itself 'QuantumLeap AI Trading'. They promised similar insane returns. Total scam. Website gone within weeks. They probably just funnelled the ETH straight into a burner wallet and cashed out elsewhere, possibly through an exchange like CoinEgg or ZG.com if they weren't careful with KYC. The real problem is, once it hits those kinds of services or mixers, it's practically impossible to trace. You can report it, but I wouldn't hold your breath for recovery.

Joshua Tan · Singapore, Singaporeanswered 26d ago
2

Oh mate, that's rough. I lost a few hundred quid a couple of years back to a fake crypto mining setup. Looked legit, had all the charts and supposed payouts. When I tried to get my initial investment out, they started asking for 'verification fees'. Total scam. They took my money and vanished. It really messes with your head. I reported it to Action Fraud over here in the UK, but they said crypto crime is hard to police. Don't feel like an idiot, these guys are professionals at conning people.

James Walsh · Belfast, Irelandanswered 26d ago
2

Such a shame to read this. It sounds like a classic rug pull facilitated by a fake trading platform. The AI angle is just a modern coat of paint on an old scam. The fact that they kept inventing fees is the biggest giveaway. No real financial service operates like that.

While direct recovery of the ETH is highly unlikely given the nature of these scams, reporting it is still the right thing to do. Filing a complaint with the FBI's Internet Crime Complaint Center (IC3) is a good first step, as they coordinate with international law enforcement. Also, keep an eye out for recovery scammers popping up in your DMs – they are NOT legitimate and will just steal more from you.

Samuel Yeo · Singapore, Singaporeanswered 26d ago

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