They are have a many websites:
http://www.wangcn.app
http://www.wang.moe
Actual site view:
Let’s check ther features:
- They have a P2P
- Also a crypto-card
- Build-in casino
Not bad for scam platform.
Agregators:
- Coinmarketcap – yes (whyyy?)
- Coingecko – no
Financial reservers:
Unknown. This is red-flag.
Deriative trading volume:
Absolutely fake information:
The same as for MEXC. But.. Where MEXC and where … Biking.
Licenses:
Canadian expired
USA license not found
Let’s check social networks:
Fake followers
In Telegram also fake followers and fake talks … about weather
Mobile applcations:
Google play worked 1-2 weeks ago, but now removed. It’s also red-flag.
Appstore app available, but have a review: (and this is a true)
My experience
At first, I funded my account with a small amount. I was surprised to see that even transfers within the account — for example, between the spot wallet and the futures wallet — go through manual review. All withdrawals are manually reviewed as well. The first withdrawal went through without any issues (which is actually part of their scheme).
Later, I deposited a larger amount, did some trading, and requested a withdrawal. But this time, the withdrawal wasn’t approved, and my account was completely blocked.
The reason they gave for the block was the usual one: “abnormal trading.” I spent about an hour demanding clear instructions from support on what to do next. At first, they told me to complete full KYC, which they took forever to approve because of glitches on their platform.
- Next, they demanded full proof of the legality of my funds. That meant:
- Proof of my income (documents showing I’m an entrepreneur)
- All records of fiat-to-crypto transfers
- Screenshots of all P2P transactions
- All transfers between exchanges
It’s important to understand: since this is a scam exchange, what they’re really after is figuring out how much more they can squeeze out of me. They’re only asking for this information to assess my financial situation so they can scam me for a larger amount later.
After that they told me to wait forever for the inspection to finish.
I wasn’t okay with the situation — a significant sum was blocked. So I came up with a plan to “outsmart” the scam exchange.
I brought in some influential colleagues from the trading world, and for a month we worked the scheme, holding endless negotiations with the so-called “employees” of the exchange. In reality, behind all the different names and accounts, it was always the same person, and that became pretty obvious.
In the end, I managed to get my deposit back. The scammer was blinded by the chance to scam me for a much larger amount — and that’s what saved me.
Don’t make the same mistakes I did.