Description

On April 29, 2025, I was approached by someone on Instagram whom I had befriended. He moved our chat to WhatsApp. After gaining my trust, he introduced me to the world of cryptocurrency trading through the exchange, btcboxxjt. I thought everything was legitimate, as I was initially able to withdraw both my profits and principal (two separate transactions). This individual convinced me to invest more money with the promise of higher profits/returns. I was so blind, naive, gullible. I saw my money growing considerably, but couldn't withdraw it. Since May, I have lost a total of approximately $357,000. I had to pay $35k in "taxes" to be able to withdraw my profits/principal. The fake crypto exchange company then asked me to pay a refundable "verification" fee of $62k. I had to take out loan money to pay the taxes and the verification fee as they couldn't take out the fees out of my existing account. I finally realized something was wrong when they asked me to pay yet another refundable "security" fee of $62k. Sure enough, after researching the website (btcboxxjt.cc) on Tuesday 9/23/25, it was flagged through some sources as being a scam/fraudulent. The person who introduced me to this claimed to be from California. I believe the website is based in China.