Telegram Record
We did all we reasonably could without continuing to throw good money after bad. Their "hired Market Maker service" (Trading Hot) managed to bleed the BC2 side of the Liquidity Pool dry within the first week of the BC2/USDT trading pair being live on the Exchange.
Then the group chat between the BC2 team, the Exchange, and the Market Maker service mysteriously had all comments deleted. Months later, the Exchange passes the blame to a supposedly now-fired Market Maker service that still lists the Exchange as one of the entries in their "Portfolio" as of October 2, 2026.
BC2 is still for sale on the Exchange for roughly 9x the price of other Exchanges, but it cannot be withdrawn.
You can draw your own conclusions. We've already drawn ours.
Remember: Not your keys, not your coins.
If you hold BitcoinII (BC2) on this Exchange, do yourself a favor and insist they allow you to withdraw your coins to your own custody.
You can download the latest version of the BitcoinII Core wallet (v31.1.0) here:
https://github.com/Bitcoin-II/BitcoinII-Core/releases/tag/v31.1.0
Closing Statement
Satoshi perfected Proof-of-Work blockchain technology for several reasons. One of the most important was removing the need for trust.
This entire situation is a textbook example of the kind of trust he understood had to be removed from financial systems.
LIQUIDITY VAMPIRE
They roll out the carpet when your chain is young, Smile for the founders, silver on the tongue. “Pay the listing fee, we’ll give your market life,” Then they open up the book and start sharpening the knife. Bring your coins, bring your cash, bring the market-making pool, They call it opportunity while they’re bleeding every fool. Volume on the dashboard, numbers flashing green, But underneath the candles, something rotten in the machine.
Deposit works fine when the money rolls in, Funny how the trouble starts when withdrawals begin.
Liquidity vampire — feeding in the dark, Drain the little chains dry, then blame them when they starve. Pay us for the listing, pay us to remain, Feed the beast again or we erase your fucking name. Liquidity vampire — numbers on a screen, Selling what they don’t hold, or so it fucking seems. Your coins went in the front door, Now they can’t come out the same— And somehow every failure Is the little project’s blame.
“Wallet maintenance.” “Liquidity is low.” “Technical difficulties.” That’s all you need to know. But trading never stopped when somebody clicked “buy,” Funny how there’s inventory whenever cash arrives. You can buy a thousand coins they swear are sitting there, Then ask to move them off-site— Suddenly there’s thin air. Ticket after ticket, automated reply, “We appreciate your patience” while the weeks go crawling by. The order book keeps breathing, the balances still grow, But whether every number has a coin behind it— Who the hell would know?
Deposits stay open. Trading stays alive. But hit that withdrawal button And watch the excuses multiply.
Liquidity vampire — feeding in the dark, Drain the little chains dry, then blame them when they starve. Pay us for the listing, pay us to remain, Feed the beast again or we erase your fucking name. Liquidity vampire — numbers on a screen, Selling what they don’t hold, or so it fucking seems. Your coins went in the front door, Now they can’t come out the same— And somehow every failure Is the little project’s blame.
First they sell you exposure. Then they sell your market. Then they tell you your market Is the reason they can’t honor it. Need more liquidity. Need another payment. Need another deposit. Need another arrangement. And if you don’t feed the machine? Delisting notice. That’s a hell of a business model.
PAY TO GET IN. PAY TO STAY IN. COINS GO IN. NOTHING COMES OUT. PAY TO GET IN. PAY TO STAY IN. BLEED THE CHAIN. THEN BLAME THE DROUGHT.
You didn’t build the network. You didn’t mine the blocks. You didn’t write the software. You just built the locks.
Small chain, new dream, barely off the ground, Needs a place for traders, needs a market to be found. That’s when the vultures circle, dressed up like a bank, Charging for the privilege of walking down the plank. Take the listing money. Take the liquidity too. Then demand another ransom when there’s nothing left to chew. And when the users ask you where their property has gone, Blame the chain, blame the wallet, blame the fucking rising sun. Anything except the mirror. Anything except the books. Anything except explaining Why the exit never works.
Liquidity vampire — feeding in the dark, You prey upon the smallest because they’re easier to carve. Pay us for the listing, pay us to remain, Pour another bucket in the bottomless exchange. Liquidity vampire — eventually they learn: A market isn’t liquidity if the bridge only lets it turn From real coins into numbers That you may never reclaim. You can dress it up as business. It still bleeds the same.
So keep your polished logo. Keep your corporate disguise. Keep the canned responses And the carefully worded lies. The chain keeps every record. So do the people that you burned. And block by block, Receipt by receipt— The truth gets confirmed.