#kyc-fee
2 questions tagged with #kyc-fee
A company called 'Global Recovery Network' just emailed, wants 'KYC verification fee' – scam?
Hey everyone, i'm Felix from Munich, and i'm kinda desperate here. Back in November, I lost about 8,000 euros to a fake crypto investment platform. It was a really hard lesson, I still feel so dumb about it. Anyway, today I got an email out of the blue, from a company calling themselves 'Global Recovery Network'. They claim they tracked some of my lost funds and can help me get them back. Sounds too good to be true, right? They're asking for a 'KYC verification fee' of 250 euros before they can proceed. They sent me a link to some online portal where I'm supposed to upload my ID and pay the fee. My gut's screaming scam, partly because I've already fallen for something similar. Part of me is hoping, though, because 8k is a lot of money to just write off. Has anyone heard of these guys or had a similar experience? Just need some advice before I do anything else impulsive.
My unregulated broker, 'ProFX Trades', wants a 'KYC processing fee' to release my funds. Is this a final trick?
Hi everyone, I'm really panicking here. About three months ago, I got sucked into what I thought was a great investment opportunity with an online broker called 'ProFX Trades'. A friend of a friend recommended them, saying they had amazing returns on crypto and forex. I put in about $7,000 CAD, which is a huge amount for me, and for a while, the numbers on their platform looked good. I saw my 'balance' go up significantly. Now I tried to withdraw some profits – just $1,500 to test the waters – and suddenly they're demanding a 'KYC processing fee' of 10% of my total balance before they'll release anything. They're saying it's for 'international compliance' because I'm in Canada. I've already sent them copies of my ID and utility bills when I signed up, so I don't understand why they need *another* fee for KYC. My gut is screaming scam, but I'm desperate. Is this a common tactic? Should I pay it? I can't afford to lose any more money.