StarCompliance Blog

Unveiling the Scam: Exposing the Dark Side of Cryptocurrency Exchange


-8 was a well-known cryptocurrency exchange that provided a platform for users to trade various digital assets. It offered a user-friendly interface, advanced trading features, and a wide selection of cryptocurrencies. However, at present, the website is no longer operational, leaving users unable to access their accounts or conduct any transactions. This unexpected development has left many individuals who were once active on the platform in a state of uncertainty and helplessness. The absence of functioning services has placed them in a challenging situation, seeking answers and alternatives in the ever-evolving crypto landscape.

If you have been affected by the closure of and are seeking resolution, we encourage you to take action. Our team at StarCompliance is here to assist you in filing a case against and pursuing the recovery of your assets. You can submit your case by clicking here.

The website abruptly closed down, and there is no available information on how customers can withdraw their funds. Currently, we can only rely on old screenshots from internet archives and the accounts of previous affected users who reached out to us earlier.

The Exchange’s Challenges Existed Prior to its Closure

The closure of the exchange has caused irreparable damage to all its users, but their struggles existed even before the shutdown. Since 2021, we have been investigating a case where the exchange unjustifiably locked a user’s account and demanded verification.

Despite completing the full verification process and following all the support team’s instructions, the exchange stopped responding to emails confirming that all the required steps were completed.

The exchange remained silent for an extended period and eventually ceased to exist altogether.

Investigation Results: The Entities Behind the Exchange

Based on our extensive crypto investigation, we have discovered two legal entities that were closed around the same time as the exchange. Additionally, we have identified another company with the same owner that was also closed during that period.

Furthermore, the personal LinkedIn page of the founder of Stex, which was previously accessible, has been deleted. These significant findings strongly suggest a potential association between these individuals and the management of the exchange, indicating their involvement in its operations.

Page with reliable information about this person’s direct involvement in the management of the exchange. 

LinkedIn  – a remote profile of the Stex exchange founder Vadym Kurylovych.

Moving user funds

After the closure of the exchange, it was discovered that user funds from were being transferred to various other exchanges and wallets. However, through meticulous investigation, StarCompliance was able to trace movements such coins as BTC, ETH, LTC, TRX as well as USDT in the Tron network. This invaluable information provides crucial insights into the destinations of the funds and enables us to build a comprehensive picture of their journey. By meticulously following the trail of transactions, we have gathered evidence that highlights the movement of funds and sheds light on their ultimate destinations. This evidence plays a crucial role in our efforts to seek justice for the affected users and hold those responsible accountable for their actions.

BTC movement from wallets

Justice for Victims: Join Our Legal Battle with StarCompliance

If you are seeking to recover your funds from the Stex exchange, you can open an account and submit your claim on our website to start the process. We have gathered comprehensive information about the exchange, its creator, and blockchain data, including the wallets holding user funds and their intended destinations. Don’t miss the opportunity to take action and initiate the recovery of your funds. Visit our website now and begin the claims process. We will work towards restoring justice for the affected clients, ensuring that those responsible for financial crimes cannot escape legal consequences anywhere, as we already possess all the necessary information about them.