YorkBit Review – Is YorkBit Legit or a Scam?
Website – https://www.yorkbit.com/
Contact Information – support@yorkbit.com
Address –
- District of Lovech, Ul. Dimitar lkonomov 56,Troyan, 5600, BULGARIA
- 25 Canada Square, Canary Wharf, E14 5LB, London, United Kingdom
Regulatory Warning – Financial Conduct Authority (United Kingdom)
Domain Blacklisted Status – It seems there is no direct mention of this domain being on a blacklist.
Website Inaccessibility Raises Red Flags
YorkBit – the cryptocurrency trading platform that was incorporated in the United Kingdom in 2017 – became a major concern. Furthermore, its official site yorkbit.com could no longer be accessed, thus raising doubts over the authenticity of its operations. Generally, the inactive website indicates that the companies are either winding up their operations or evading scrutiny.
Unregulated Operations and FINMA Warning
The very fact that YorkBit lies outside the regulatory radar is, to my mind, one of the most glaring cases against it. It is not licensed by any other recognized financial authority, and so it is a particularly dangerous proposition for interested traders. Adding to such tall tales, FINMA, the Swiss financial regulator, made known some of its warnings against YorkBit, casting another shadow on its operational integrity.
Negative Reviews and Withdrawal Issues
YorkBit has received multiple reviews on Trustpilot from users suffering losses. Some traders reported initial profits in their accounts, which were later withdrawn under the dubious heading of ‘rollover fees.’ Some reported that their portfolios went up significantly, only to drop suddenly to zero. Many traders also had withdrawal problems when YorkBit supplied ‘conditions’ that kept them from getting their money out.
How Online Scams Work?
- Scammers often use fake celebrity endorsements to make their offers seem real.
- Unrealistic profits are promised, such as making hundreds of dollars within just a few days.
- Urgency is another trick, where you feel that you have to do it immediately or else miss the opportunity.
- They frequently make it difficult to get your money back by making excuses or delays all the time.
- Usually, there is no accurate data provided about the business or its location.
- Fake testimonials are used, sometimes with pictures that aren’t even real customers.
Steps to Follow After Being Scammed:
If you fall victim to scams, then you must act fast. The steps to follow are as follows:
Contact Your Bank: If you used a credit card to make the purchase, request a chargeback.
Collect Evidence: Save emails, receipts, and chat logs related to the scam.
Report the Scam:
- U.S. residents: Report to IC3 or FTC.
- International: Report to your national financial authority and law enforcement.
Seek Expert Help: Cyber professionals are able to locate stolen money and assist in its recovery. Lycan Retrieve is one of those professionals who can assist you.
Take Action Today
Don’t wait if you’ve been deceived by Yorkbit.com. To discuss your options and begin your recovery process, contact us for a free consultation. Your financial security is important, and being proactive can help protect it.
At Lycan Retrieve, we work to restore your losses and deliver results. Contact us now to regain management of your finances.
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