l7 Trade is an arbitrage trading platform dealing in cryptocurrencies such as Bitcoins and many other promising profits on the differences in the price of certain coins on selected exchanges.
Is l7 Trade a Registered Entity?
It is learned that l7 Trade was founded by Alfred Victor Brewster and is located in Ukraine. Registered in the year 2019 through NameCheap was supposed to be kept operating for a period of 10 years, its website which allowed trading in multiple cryptocurrencies such as Bitcoins, Ethereum, Litecoin, Dash, etc. is currently inaccessible.
Is It Safe To Transact Via l7 Trade?
With its website being currently put under maintenance, it has been learned that l7 trade is a Ponzi scheme that uses the fund of one investor to disburse the other depositor. Its marketing videos and blogs popularizing all have been taken off from social media. The site claims to have moved the investor’s fund to secure servers on the pretext of an online hacking attempt and charges 7% additional fees to disburse the lost fund to the investors.
What to do If You Have Been Scammed by l7 Trade?
In case you have lost your money to the scam operations run by l7 Trade, we offer guidance to strategize your fund recovery. We also provide the list of funds recovery companies helping to recover the lost fund.