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I have been scammed by 500 PTY LTD in two ways firstly with the liquidation of my trading account with them onto the blockchain and secondly getting us to pay GAS FEES through our Atomic wallet to receive our funds out of the blockchain back into our Atomic wallet which never happened. 500 PTY LTD then created a non valid token (which showed value on the surface but had no value on the market)to assure us the funds existed. We then made a transfer of funds from our Atomic wallet back to Kraken but the transfer had no value as the token had no $ value so no funds got received.
Total loss of $820k.
Hi Kenneth,
Thank you for reaching out and sharing the details of your experience. We’re deeply sorry to hear about your loss. Unfortunately, the tactics you described—liquidating accounts to the blockchain, requesting GAS fees, and issuing non-valid tokens—are commonly used by scammers to manipulate victims.
We strongly recommend that you report this case to your local authorities and consider consulting with a professional cryptocurrency tracing and recovery service to investigate further. If you’d like, we can connect you with trusted experts who specialize in these situations.
Feel free to contact us directly for assistance or additional guidance.
Best regards,
The CryptoScams Team