Is Arbitly a Scam? Review of the Crypto Trading Platform

Arbitly located at arbitly.io has suspended withdrawals but are taking deposits. My withdrawal, like many others, is now pending for more than 3 days. And, their support channel went from being very active to very silent, and a broadcast-only channel. And, I do not believe they have been hacked as a reputable company would have not suddenly gone silent.

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Is Arbitly a Scam? Review of the Crypto Trading Platform

Arbitly' Crypto Trading Platform Website

Arbitly located at arbitly.io

After a few days, It tried to withdraw BTC, LTC, or ETH and all of them are still disabled. On the chat, they say they are going thru some updates on the website, and withdrawal will be suspended for up to 48 hours. But, when tried 3 days later, withdrawal is disabled. And, why have they not alerted customers about this so-called "update" and that withdraws would be disabled for a certain amount of time.

A friend of mine told me that Arbitly claims they are in the media at Yahoo News, Yahoo Finance, BlockONOMI, and Business Insider, but the links to their so-called media articles do not work. And, he could not find their articles on the same media websites after searching for them.

If you have any information about Arbitly, please share your experince in a comment below.

Check the comment section below for additional information, share what you know, or ask a question about this review by leaving a comment below. And, to quickly find answers to your questions, use our search Search engine.

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Comments, Questions, Answers, or Reviews

Comments (Total: 7)

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January 12, 2021 at 10:24 AM by
Is Arbitly a Scam? Review of the Crypto Trading Platform
an anonymous user from: Müngersdorf, Cologne, North-Rhine-Westphalia, Germany

I lost 1.7 BTC and 9 ETH.Hacked by Alex? dont believe. This was a plan between old and new Ceo. I trust trustpilot with good reviews. Never trust trustpilot.

Delete

January 11, 2021 at 1:59 PM by
Is Arbitly a Scam? Review of the Crypto Trading Platform
an anonymous user from: Waarderpolder, Haarlem, North Holland, Netherlands

I made some nice profit with btc at Arbitly. I thought if this works then let’s try it also with ethereum. I made a deposit but it never shows up in my wallet. From the 1st of December 2020 till yesterday I was trying to get it back. Stuart, a guy from Arbitly kept on telling me at the Telegram chat to wait. Bulls... answers all the time. It is a huge scam. A very huge scam.

Delete

January 11, 2021 at 9:51 AM by
Is Arbitly a Scam? Review of the Crypto Trading Platform
an anonymous user from: Escuela Militar, Las Condes, Region Santiago Metropolitan, Chile

Anyone have any information?

Delete

January 11, 2021 at 6:19 AM by
Is Arbitly a Scam? Review of the Crypto Trading Platform
an anonymous user from: Pully, Vaud, Switzerland

For sure it is a scam! And now it even looks like it has been attacked by a ransomware ...

If you want to get some interests out of your BTC / ETH there are few legit sites and they are listed on CoinMarketCap at interest.coinmarketcap.com

Never trust "arbitrage" companies, they will take your coins and one day disappear.

Delete

January 10, 2021 at 1:52 PM by
Is Arbitly a Scam? Review of the Crypto Trading Platform
an anonymous user from: City of Johannesburg Metropolitan Municipality, Randburg, Gauteng, South Africa

So sad that it seems like we’ve all been scammed. My God is not blind and no bad deed will go unpunished!

Delete

January 10, 2021 at 2:00 PM by
Is Arbitly a Scam? Review of the Crypto Trading Platform
an anonymous user from: Cape Town, Montague Gardens, Western Cape, South Africa

I fully agree - he will get what he deserve! I've lost the little bit of crypto savings I have managed to get together over two years.

Delete

January 10, 2021 at 9:51 AM by
Is Arbitly a Scam? Review of the Crypto Trading Platform
an anonymous user from: El Cinco, San Juan, San Juan, Puerto Rico

They went out with a little over 25 eth on my account. So bad it went from the best company to worst nightmare.

Delete

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Pay the safest way

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Guard your personal information

In any transaction you conduct, make sure to check with your state or local consumer protection agency and the Better Business Bureau (BBB) to see if the seller, charity, company, or organization is credible. Be especially wary if the entity is unfamiliar to you. Always call the number found on a website’s contact information to make sure the number legitimately belongs to the entity you are dealing with.

Be careful of the information you share

Never give out your codes, passwords or personal information, unless you are sure of who you're dealing with

Know who you’re dealing with

Crooks pretending to be from companies you do business with may call or send an email, claiming they need to verify your personal information. Don’t provide your credit card or bank account number unless you are actually paying for something and know who you are sending payment to. Your social security number should not be necessary unless you are applying for credit. Be especially suspicious if someone claiming to be from a company with whom you have an account asks for information that the business already has.

Check your accounts

Regularly check your account transactions and report any suspicious or unauthorised transactions.

Don’t believe promises of easy money

If someone claims that you can earn money with little or no work, get a loan or credit card even if you have bad credit, or make money on an investment with little or no risk, it’s probably a scam. Oftentimes, offers that seem too good to be true, actually are too good to be true.

Do not open email from people you don’t know

If you are unsure whether an email you received is legitimate, try contacting the sender directly via other means. Do not click on any links in an email unless you are sure it is safe.

Think before you click

If an email or text message looks suspicious, don’t open any attachments or click on the links.

Verify urgent requests or unsolicited emails, messages or phone calls before you respond

If you receive a message or a phone call asking for immediate action and don't know the sender, it could be a phishing message.

Be careful with links and new website addresses

Malicious website addresses may appear almost identical to legitimate sites. Scammers often use a slight variation in spelling or logo to lure you. Malicious links can also come from friends whose email has unknowingly been compromised, so be careful.

Secure your personal information

Before providing any personal information, such as your date of birth, Social Security number, account numbers, and passwords, be sure the website is secure.

Stay informed on the latest cyber threats

Keep yourself up to date on current scams by visiting this website daily.

Use Strong Passwords

Strong passwords are critical to online security.

Keep your software up to date and maintain preventative software programs

Keep all of your software applications up to date on your computers and mobile devices. Install software that provides antivirus, firewall, and email filter services.

Update the operating systems on your electronic devices

Make sure your operating systems (OSs) and applications are up to date on all of your electronic devices. Older and unpatched versions of OSs and software are the target of many hacks. Read the CISA security tip on Understanding Patches and Software Updates for more information.

What if You Got Scammed?

Stop Contact With The Scammer

Hang up the phone. Do not reply to emails, messages, or letters that the scammer sends. Do not make any more payments to the scammer. Beware of additional scammers who may contact you claiming they can help you get your lost money back.

Secure Your Finances

  • Report potentially compromised bank account, credit or debit card information to your financial institution(s) immediately. They may be able to cancel or reverse fraudulent transactions.
  • Notify the three major credit bureaus. They can add a fraud alert to warn potential credit grantors that you may be a victim of identity theft. You may also want to consider placing a free security freeze on your credit report. Doing so prevents lenders and others from accessing your credit report entirely, which will prevent them from extending credit:

Check Your Computer

If your computer was accessed or otherwise affected by a scam, check to make sure that your anti-virus is up-to-date and running and that your system is free of malware and keylogging software. You may also need to seek the help of a computer repair company. Consider utilizing the Better Business Bureau’s website to find a reputable company.

Change Your Account Passwords

Update your bank, credit card, social media, and email account passwords to try to limit further unauthorized access. Make sure to choose strong passwords when changing account passwords.

Report The Scam

Reporting helps protect others. While agencies can’t always track down perpetrators of crimes against scammers, they can utilize the information gathered to record patterns of abuse which may lead to action being taken against a company or industry.

Report your issue to the following agencies based on the nature of the scam:

  • Local Law Enforcement: Consumers are encouraged to report scams to their local police department or sheriff’s office, especially if you lost money or property or had your identity compromised.
  • Federal Trade Commission: Contact the Federal Trade Commission (FTC) at 1-877-FTC-HELP (1-877-382-4357) or use the Online Complaint Assistant to report various types of fraud, including counterfeit checks, lottery or sweepstakes scams, and more.
  • Identitytheft.gov: If someone is using your personal information, like your Social Security, credit card, or bank account number, to open new accounts, make purchases, or get a tax refund, report it at www.identitytheft.gov. This federal government site will also help you create your Identity Theft Report and a personal recovery plan based on your situation. Questions can be directed to 877-ID THEFT.

How To Recognize a Phishing Scam

Scammers use email or text messages to try to steal your passwords, account numbers, or Social Security numbers. If they get that information, they could get access to your email, bank, or other accounts. Or they could sell your information to other scammers. Scammers launch thousands of phishing attacks like these every day — and they’re often successful.

Scammers often update their tactics to keep up with the latest news or trends, but here are some common tactics used in phishing emails or text messages:

Phishing emails and text messages often tell a story to trick you into clicking on a link or opening an attachment. You might get an unexpected email or text message that looks like it’s from a company you know or trust, like a bank or a credit card or utility company. Or maybe it’s from an online payment website or app. The message could be from a scammer, who might

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About Online Threat Alerts (OTA)

Online Threat Alerts or OTA is an anti-cybercrime community that started in 2012. OTA alerts the public to cyber crimes and other web threats.

By alerting the public, we have prevented a lot of online users from getting scammed or becoming victims of cybercrimes.

With the ever-increasing number of people going online, it important to have a community like OTA that continuously alerts or protects those same people from cyber-criminals, scammers and hackers, who are every day finding new ways of carrying out their malicious activities.

Online users can help by reporting suspicious or malicious messages or websites to OTA. And, if they want to determine if a message or website is a threat or scam, they can use OTA's search engine to search for the website or parts of the message for information.

Help maintain Online Threat Alerts (OTA).

Is Arbitly a Scam? Review of the Crypto Trading Platform