#intblt

Do not trust intblt: My Story of Lost Savings

I usually don't post about finance on here, but I need to vent, and I need to warn you guys. I’ve made a huge mistake trusting a site called intblt.

I’ve been trying to get into crypto trading recently. I saw intblt mentioned in a group chat, and it looked professional. The website was clean, the support was friendly (at first), and everything seemed legit. I put in my savings, hoping to grow it for a down payment on a car.

For a while, it was great. I was making trades, seeing green numbers, feeling smart. Then, last week, I needed the money back. I went to the withdraw page, typed in the amount, and hit send.

Nothing happened. It just said "Processing."

Two days later, I got an email from intblt. They told me my account was "suspected of abnormal trading" (which is a lie, I just bought and held). They said to "verify" my account and unlock the money, I had to send them another $1,000.

I felt sick. I realized then that the money was never really mine. The numbers on the screen were fake. intblt had stolen my money the second I sent it, and now they were trying to trick me into sending more.

Unregulated Exchanges: The IntBlt Safety Concerns and Legal Risks

The allure of high-yield trading often blinds investors to the boring but vital aspect of finance: Regulation. In the decentralized era, the irony is that Centralized Exchanges (CEX) require trust, yet many operate without earning it. A closer look at the IntBlt platform raises serious questions about the safety of funds in an unregulated environment.

Compliance is not just red tape; it is the primary defense against fraud. Current investigations indicate that IntBlt operates outside the purview of major financial regulators. Without a license, there is no guarantee of solvency and no insurance fund to protect users against hacks or mismanagement. The platform effectively asks users to trust a "black box" with their savings.