BBB Scam Tracker
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This content is based on victim and potential victim accounts. Government agencies and legitimate business names and phone numbers are often used by scam artists to take advantage of people.
Description
BEWARE OF SCAM, stay far away from this, you will lose your money and not be able to recoup it. MULTIPLE RED FLAGS listed at the bottom of this review. If you invested money in this company contact your banks immediately to try and recoup your "investment". Any money added into this business will most likely be lost and unrecoverable. They will lure you with a fancy trading dashboard and be very aggressive in having you invest a significant sum of money, then claim it must be locked up for months before withdrawing. They may even show you a demo claiming that you can withdraw from the platform with no problem to gain your trust, but this is all part of the scam to get you to invest higher amounts of money, at that point they will give you every excuse and even block your account if you attempt to withdraw your money. Also beware of money retrieval scams, people will reach out to you as "financial lawyers" claiming they can help you recoup your money, this is a second tier scam to take even more of your money. Multiple red flags 1. "sales rep" says funds would be locked up for 6 months before being able to withdraw them 2. Cannot make withdrawals in dollars, you must withdraw to a crypto account 3. Investment tiers to unlock certain functionality 4. This company is not registered in the US, they do not have a trading exchange license 5. They claim they have been around for years, their website was registered in late 2024. 6. "Elon Musk approved or endorsed" - the richest man in the world doesnt need to endorse a fake exchange 7. Every "official" press release for this website was paid for by the business, none of the articles talking about this business were actually published and written by the website that hosted the press release, they were all purchased as advertisements. 8. A majority of the reviews on Trustpilot are fake, look for the negative reviews
Dollars Lost
$50000
Targeted Person's Location
CA, USA - 92029
Scammer Information
Albany, NY - 12207
Unknown Email
(212) 287-5041
https://monexis.org/
Scam Type
Investment
Learn More
Business name
Monexis
Date Reported
October 16, 2025
Scam ID
1082269
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