Currenxie locked 5 figures and ignore. Monkey alert?

[Fouche]

Dear friends,

Currenxie ran compliance on some large payments and decided to block the account (all the docs were given) and said go ahead and withdraw, we will refund stuck payments. Refunded 5 figures and next day locked it as "other fees" and went dark. Withdrawals are unsuccessful too, everything is stuck for more than 1 month now. Also they wanted a call, which was attempted but the team was late, so they canceled and nothing happens (I assume British nature of their heads). Support is yapping "our CT will be back to you regarding the call". I don't understand one thing, if the account is blocked why withdrawal is not possible - monkeys???

Please help to understand how to manage them, should I write some love letters or seek lawyer in HK?

 

[W Fish]

You will not manage them no matter what. You are being managed by Currenxie and they in turn are managed by their FIU.

Post in thread 'USDT to Wise (Personal)'

Feb 23, 2025

What happens when Wise specifically decides to block your account? Do you get an appeal? If they outright terminate your account (or the appeal was not satisfactory) what do they do with your funds, be it in balance on Wise, or in transit?

Not only Wise, any bank or emi in EU.
First they will ask you for the reason of the transfer, then possibly the SOF.
If these are not satisfactory (if the dumba**s in the compliance department does not understand it) they will (have to) make SAR (suspicious activity report) to FIU (financial intelligence unit).
FIU can freeze the funds (tell the...

• W Fish

• 

 

[lory]

It's really strange how they're treating you, especially since I haven’t come across any negative feedback about them before.
What kind of business are you in, and who have you been sending and receiving funds from?

It’s difficult to say why they’re acting this way, but in many cases, there are two sides to every story, and right now we're only hearing one of them.

 

[daniels27]

It's really strange how they're treating you, especially since I haven’t come across any negative feedback about them before.
What kind of business are you in, and who have you been sending and receiving funds from?

It’s difficult to say why they’re acting this way, but in many cases, there are two sides to every story, and right now we're only hearing one of them.

If you read OP's posts, his dealings seem pretty high risk to me.

Thread 'EMI form EU for HK company'

Apr 8, 2024

Hello everyone,

I searched through the threads and didn't find any suitable info. Please advice some EMIs to be able to fit in my situation:
HK company incoming from Ukraine in USD (most emi give me only euro) and outgoing to china usd. With direct iban only and emi from eu.

Asian emis don't understand the framework with Ukraine.

• Fouche

Thread 'EMI that accepts Chinese ID ?'

Jan 15, 2025

Hello to all who loves to share personal info and pay extra to process it!

Since I ran out of options googling it I decided to ask PROS. Please share asian or maybe EU (they reject but still) EMI accepts only Chinese ID without passport for verification.
Also Statrys, Worldfirst and other big asian guys were tested - need more. Any legit option would be helpful

• Fouche
• Replies: 3
• Forum: Offshore Bank & EMI Accounts

Thread 'Worldfirst and crypto. How sensitive are they?'

Sep 17, 2024

Greetings to the community!
Opened an account with Worldfirst to try them out. I have a channel with brokers who offramp fiat for the company, and I tried to speak with account manager of WF, but he is not very direct and supportive Their website says they don't facilitate crypto or bitcoin (Frankly, I don't understand what does that mean - maybe someone could explain also)

Please share your experience with them, how they could react about fiat payment from broker if I could show them agreement and order + source of funds?

• Fouche
• Replies: 7
• Forum: Offshore Bank & EMI Accounts

Post in thread 'Unlimited virtual cards with crypto deposit?'

Jun 17, 2024

Here are services I use and pro/cons:

Advcash: 3D is not available, not widely accepted, high fees
Capitalist.net: 3D is not available, high fees
PST.NET: Good cards, multiple cards available, very high fees (20 usd + 10% of topup)
EPN.NET: High fees, 3D is not available
Bitnob: 3D is not available, low fee
Offramp.xyz: Great cards, 3D available, low fee, but only 1 card per account
Exchange/Wallet cards (Binance, Bybit, OWNR etc): Good, low fee but only 1 card per account

Thanks for sharing! What topup fee does offramp.xyz have if you send from wallet to card in usd? They promote...

• Fouche

Thread 'Thai company and nominees. How not to be illegal?'

Jun 4, 2024

Hey everyone,


I am considering Thai setup as a foreigner but I don't want to go there and dive into visas and permits. I know locals can use nominees for their setups, but for foreigners it is illegal. How would you deal with that? Most of local agents refuse to give nominees

• Fouche

• 

Thread 'Virtual card + top up in crypto - pls advise some emis'

May 5, 2024

Hey everyone!
I am looking for an advice. I need virtual business card to pay some company expenses like fees and subscriptions worldwide like literally US, EU and Asia in different currencies. And also i would like to top up this account with usdt or other crypto. I am thinking about advcash (volet).

Will it be a reliable option? Maybe you could advise some more emis to use card ww.

• Fouche

 

[JohnLocke]

What is your post about @daniels27 ?

 

[daniels27]

What is your post about @daniels27 ?

I think OP's dealings are quite high risk for most banks after reading his posts. It remains unclear to me what transfer was involved and why they blocked it. @Fouche do you have any insight why they may have started to dislike your business? I guess once it goes into this, you need both patience and a long breath. Keep asking for refunds, wait and ask again. Let us know if you can get it out.

 

[Fouche]

I think OP's dealings are quite high risk for most banks after reading his posts. It remains unclear to me what transfer was involved and why they blocked it. @Fouche do you have any insight why they may have started to dislike your business? I guess once it goes into this, you need both patience and a long breath. Keep asking for refunds, wait and ask again. Let us know if you can get it out.

Not all of my posts are about the same business, I think I am not the only one here who trying to figure out different situations. So, I guess it's not shady to ask here completely unrelated questions about the business cases.
Regarding this post - yes you're right there was high risk payment and they has the ground to block the account. It is just unbelievably stupid to hold on such amount for so long. Case is closed, I am just looking for some advice, maybe someone had similar experience with them BECAUSE trustpilot has plenty of the similar cases. I really surprised because here a lot of people offer Currenxie as the good EMI, but in the end they are acting exactly like truspilot displays

 

[daniels27]

I think they have many customers for whom the service works very well. Physical e-commerce paying suppliers, etc. normally works very well with any EMI. Then, here are those high risk cases. Now, look if I pay some guys in Absurdistan from some company account and then questions come, I normally abstain from this and focus on what the service is for and resort to normal banks for payments that are not exactly their focus.

I would say that in the end, they are more open to higher risk than most of the other EMIs we normally discuss here. But there are limits too.

My personal advice would be to remain persistent and ask for repayment of the funds. It may be subject to some investigation which I guess you know more about it than us. Hence, you may have to sit that one out before you'll get something back. Call, email and visit them in person to get more information what is holding them back.
https://currenxie.com/en-hk/support/contact-us

 

[Martin Everson]

Regarding this post - yes you're right there was high risk payment and they has the ground to block the account.

Ok

I don't understand one thing, if the account is blocked why withdrawal is not possible - monkeys???

Cause account is blocked.

Not trying to be funny but this is all self inflicted in first place and you must wait however long it will take them. Internal procedures often take more time than you realize. Your not always gonna be at top of queue especially if they need to consult legal opinion and wait on feed back from other parties etc.

 

[Ilias]

Maybe waiting on a SAR and they cannot speak on such a matter

 

[daniels27]

Warning Pavians! It is always a question who is being warned from whom.

 

[kokunut]

BECAUSE trustpilot has plenty of the similar cases

I’m honestly not sure how many times this has already been said here on OCT, but Trustpilot is completely irrelevant in the world we operate in. It holds no real value or credibility when it comes to offshore services.

Think about it,how many people with a well-functioning offshore setup, including a company, bank account, or other structures, are going to post glowing reviews on Trustpilot? I can tell you: exactly zero.

Now compare that to the number of disgruntled users, often with no real understanding of how this space works, who rush to leave emotional rants the moment something doesn’t go their way. Those types? Hundreds. Every. Single. Time.

Trustpilot simply doesn’t reflect the reality of this industry. Ignore it. Move on.

 

[daniels27]

I’m honestly not sure how many times this has already been said here on OCT, but Trustpilot is completely irrelevant in the world we operate in. It holds no real value or credibility when it comes to offshore services.

Maybe, that's why it is not allowed to post them here
https://www.offshorecorptalk.com/help/behaviour/

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