LBX.com Scam Review: Exposing the London Block Exchange Fraud

Introduction

This LBX.com scam review examines the platform widely known as the London Block Exchange. Once promoted as a groundbreaking crypto and trading hub, LBX has since collapsed under regulatory warnings, liquidation, and countless user complaints. Many traders today regard LBX as nothing more than a scam.

In this blog, we will break down the platform’s history, highlight red flags, analyze how the alleged fraud worked, and explain why you should avoid it at all costs.

What Is LBX.com (London Block Exchange)?

LBX, short for London Block Exchange, branded itself as a modern cryptocurrency and trading service. It promised secure digital trading, a simple app, and even a crypto debit card. The company also rebranded under different names, such as Dragon Payments, in a bid to stay afloat.

At first glance, LBX looked like a promising fintech project. But beneath the polished marketing, cracks quickly appeared. Regulators, creditors, and traders soon discovered the truth: LBX was unreliable, unregulated, and eventually forced into liquidation.

Red Flags That Expose LBX

1. Lack of Authorization

One of the strongest red flags is the fact that LBX never held proper regulatory authorization in its main market. Without oversight, users had no legal protection, no access to compensation schemes, and no external accountability. Any legitimate trading platform must operate under recognized financial authorities. LBX did not.

2. Legal Trouble and Liquidation

In 2020, LBX was placed into compulsory liquidation. This means the courts ordered the company to shut down due to unpaid debts and poor management. Reports confirmed that creditors had taken legal action and users’ funds were frozen. Once liquidation begins, the chances of clients ever seeing their money again are slim to none.

3. User Withdrawal Issues

Before the liquidation, complaints poured in from users who were unable to withdraw funds. Traders reported that requests were delayed, rejected, or simply ignored. In many cases, LBX justified the refusal by accusing clients of breaking vague terms and conditions. This tactic is common among fraudulent brokers.

4. Poor Trust and Reputation

Reputation analysis of the LBX website revealed a low trust score. The company’s domain showed signs of unreliability, such as lack of transparency in ownership and inconsistent records. Reliable companies are open about who they are. LBX was not.

5. Blame on “Clone Firms”

LBX tried to shift responsibility by warning users about “clone firms” pretending to use its name. While clones do exist in the financial world, the sheer number of disclaimers on LBX’s own site shows how widespread the confusion was. A strong, transparent company does not need to hide behind excuses like these.

How the Alleged Scam Worked

Scam operations usually follow a pattern, and LBX fits that mold perfectly:

1. Attraction through marketing
   Users were lured with promises of fast profits, easy trading, and innovative crypto products.

2. Initial deposits
   Once clients deposited money, their accounts often appeared to grow through bonuses or fake profit reports.

3. Withdrawal denial
   When traders attempted to withdraw, LBX created hurdles. Excuses such as “bonus abuse” or “account misuse” were used to block access.

4. Account freezes
   Many users had their accounts suspended without clear reasons, leaving them powerless.

5. Collapse through liquidation
   With debts piling up and regulators circling, LBX collapsed, leaving customers as unsecured creditors.

Real User Complaints

Countless traders voiced their frustration with LBX. The most common themes include:

• Frozen accounts: Users suddenly locked out of their funds.

• Refusal to process withdrawals: Requests delayed for months or denied outright.

• Hidden charges and conditions: Clauses inserted to justify keeping customer money.

• Lack of support: Customer service often disappeared once deposits were made.

These complaints are consistent with the behavior of scam brokers, where the business model relies on taking deposits while avoiding payouts.

Why LBX Cannot Be Trusted

After reviewing all available evidence, the reasons to avoid LBX are overwhelming:

• No genuine regulatory license.

• Court-ordered liquidation.

• History of blocking withdrawals.

• Shifting blame onto “clone” companies.

• Poor transparency and suspicious domain setup.

Simply put: LBX has no credibility left.

Report LBX.com (London Block Exchange) and Recover Your Funds

If you have lost money to LBX, it’s important to take action immediately.Report the scam to Universumltd.com, a trusted platform that assists victims in recovering their stolen funds. The sooner you act, the better your chances of reclaiming your money and holding these fraudsters accountable.

Scam brokers like LBX. continue to target unsuspecting investors. Stay informed, avoid unregulated platforms, and report scams to protect yourself and others from financial fraud