Warning Investors Leewaygroups.ltd – Regarding falsely claiming association with registered Australian businesses or financial services licensees and their authorized representatives.
Introduction:
Cryptocurrencies are digital assets that operate on decentralized networks using cryptography. They have gained popularity in recent years due to their potential to offer fast, secure, and low-cost transactions. However, the crypto market is also rife with risks and challenges, such as volatility, hacking, and fraud. One of the most common types of fraud is imposter entities, which are fake or unlicensed online platforms that pretend to offer crypto trading services but in reality, are only interested in stealing your money. One such imposter entity is leewaygroups.ltd, which has been identified by ASIC as a potential scam.
Regulation and Compliance:
Leewaygroups.ltd claims to be a leading crypto brokerage that provides access to over 1000 digital assets, including Bitcoin, Ethereum, Litecoin, and more. It also claims to offer advanced trading tools, educational resources, and professional customer support. However, these claims are false and misleading. Leewaygroups.ltd is not regulated by any authority and does not have a valid license to operate in any jurisdiction. It is not registered with ASIC or any other reputable regulator. It is not a member of any dispute resolution scheme or compensation fund. It does not comply with any anti-money laundering or consumer protection laws. It is operating illegally and without any oversight or accountability.
Customer Support:
Leewaygroups.ltd claims to have a dedicated customer support team that is available 24/7 via phone, email, and live chat. However, this is another lie. The phone number and email address provided on the website are either fake or unresponsive. The live chat feature is often offline or unhelpful. Many customers have reported that they have been unable to contact leewaygroups.ltd after depositing money or requesting withdrawals. Some have even received threatening or abusive messages from the so-called support agents. Leewaygroups.ltd does not care about its customers and only wants to take their money.
Customer Reviews:
Leewaygroups.ltd has a very poor reputation among its customers and the online community. There are numerous complaints and negative reviews about leewaygroups.ltd on various forums, websites, and social media platforms. Customers have reported that they have been scammed by leewaygroups.ltd in various ways, such as:
– Being pressured to deposit more money or upgrade their accounts
– Being denied access to their funds or accounts
– Being charged hidden fees or commissions
– Being given false or misleading information or advice
– Being manipulated by fake or rigged trading signals or software
– Being hacked or robbed of their personal or financial information
Leewaygroups.ltd has also been accused of creating fake positive reviews or testimonials to lure unsuspecting customers. These reviews are often written in poor English or use generic phrases that do not reflect the reality of leewaygroups.ltd’s services. Do not trust anything that leewaygroups.ltd says or shows on its website or social media accounts.
How can crypto transactions be traced?
One of the main features of cryptocurrencies is that they are pseudonymous, meaning that they do not reveal the real identities of the users behind them. However, this does not mean that they are completely anonymous or untraceable. Every crypto transaction is recorded on a public ledger called a blockchain, which can be accessed by anyone with an internet connection. By analyzing the blockchain data, it is possible to trace the origin, destination, amount, and time of any crypto transaction. This can be done by using various tools and techniques, such as:
– Address analysis: This involves looking at the unique alphanumeric codes that represent the source and destination of each transaction. These codes are called addresses and can be linked to specific wallets or platforms that hold the crypto assets.
– Transaction graph analysis: This involves looking at the patterns and connections between different transactions and addresses. This can reveal the flow of funds between different entities or groups.
– Chain analysis: This involves looking at the history and characteristics of each transaction and address. This can reveal information such as the age, balance, frequency, volume, and type of each transaction or address.
– Metadata analysis: This involves looking at the additional information that accompanies each transaction or address. This can include things such as IP addresses, timestamps, geolocation data, device identifiers, user names, email addresses, phone numbers, etc.
By using these methods, it is possible to identify the real-world identities of some crypto users or platforms, especially if they have left traces of their personal or financial information online or offline. This can help authorities or victims to track down and prosecute the perpetrators of crypto fraud or theft.
Shielding Your Finances: Measures to Avoid Scam Brokerages
To avoid falling victim to scam brokerages like leewaygroups.ltd, you need to be vigilant and cautious when dealing with crypto trading platforms. Here are some measures that you can take to shield your finances and protect yourself from imposters:
– Do your research: Before signing up or depositing money with any crypto platform, do some background checks and verify its legitimacy and reputation. Look for information such as its registration, license, regulation, location, contact details, customer reviews, etc. Use reliable sources such as official websites, regulators, consumer protection agencies, etc. Avoid platforms that have been flagged or blacklisted by authorities or have received many complaints or negative feedback from customers.
– Check the website: Look for signs of professionalism and security on the platform’s website. Look for things such as a clear and consistent design, a valid domain name, a secure connection (HTTPS), a privacy policy, terms and conditions, etc. Avoid platforms that have a poorly designed or outdated website, a suspicious or misspelled domain name, an insecure connection (HTTP), no privacy policy, terms and conditions, etc.
– Beware of red flags: Be wary of platforms that offer unrealistic or too-good-to-be-true promises or guarantees, such as high returns, low fees, no risks, free bonuses, etc. Be skeptical of platforms that use aggressive or manipulative marketing tactics, such as unsolicited calls, emails, messages, fake endorsements or testimonials, etc. Be careful of platforms that ask for personal or financial information that is not relevant or necessary for the service, such as passwords, PINs, verification codes, etc.
– Use secure methods: Use only trusted and secure methods to access, store, and transfer your crypto assets. Use reputable and regulated crypto wallets or platforms that have strong security features and protocols, such as encryption, authentication, verification, etc. Use only your own devices and networks that are protected by antivirus software and firewalls. Avoid using public or shared devices or networks that may be compromised or infected by malware.
– Report and recover: If you suspect that you have been scammed by a crypto platform or have encountered a fraudulent transaction, report it immediately to the relevant authorities and seek help from professional services. You can contact ASIC or other regulators in your jurisdiction to file a complaint or alert them of the scam. You can also contact your bank or payment provider to dispute the transaction or freeze your account. You can also seek assistance from legal experts or recovery specialists who can help you recover your funds or pursue legal action against the scammers.
Conclusion:
Leewaygroups.ltd is a scam brokerage that pretends to offer crypto trading services but in reality, is only interested in stealing your money. It is not regulated by any authority and has been flagged by ASIC as a potential scam. It uses deceptive practices to lure unsuspecting customers and then denies them access to their funds or accounts. It has a very poor reputation among its customers and the online community. Do not trust anything that leewaygroups.ltd says or shows on its website or social media accounts. To avoid falling victim to scam brokerages like leewaygroups.ltd, you need to be vigilant and cautious when dealing with crypto trading platforms. Do your research, check the website, beware of red flags, use secure methods, and report and recover if you encounter any problems. By following these measures, you can shield your finances and protect yourself from imposters.
