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I’ve been trading crypto for 5 years and never seen this happen.

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I transferred USDT out of my trust wallet to my coin base account (I’m Canadian btw) I realized that I can’t trade USDT on Coin Base so I transferred my USDT to Phemex. I did a test transfer of $10 to Phemex the transfer was successful after that I transferred the rest of my USDT to Phemex. I bought XRP ETH and ADA with the USDT I just transferred, the purchases were successful and I had all my holdings in the spot account in Phemex.

The following morning, I logged on to check my account and everything was gone, no record of any transfers and all the funds were gone, it was if the accounts never existed. I reached out to Phemex and they did not have any record of my deposits or any transactions.

After tracking the addresses I saw the money had been redirected to a wallet labeled (Coinbase 10) on etherscan, I contacted Coinbase and it looked to them as tho I did a normal transfer to this unknown wallet, I went back to Phemex and asked them for info on the wallet and they told me that it was not associated with there exchange whatsoever.

I have no idea how I was able to make trades on Phemex, If anyone could explain what this is or how it was possible that would be a great help! (I never got the money back)

Here is the url everyone is asking for:

https://phemex.com/?group=261&referralCode=JXPFK

submitted by /u/Interesting_City_960
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