Verse-dex.org Website Review

Intro: I am of the opinion that I have become a victim of crypto currency fraud. I believe that Verse-dex.org, a crypto wallet mobile app (not to be confused with Verse, associated with Bitcoin) is the fraudulent party.

History:

8/12/25 through October : I made a number of wire transfers. All funds ended up with Verse-dex.org which were converted into USDT crypto.

With each successive transfer to Verse-dex.org, my “principal” grew and I subsequently joined one or more of their AMM “liquidity” investment pools, each offering daily profit but at varying return rates. Initially everything looked swell. Every night on the app I could see my “profits” grow. Verse-dex.org early on allowed me to make two small withdrawals ($10k and $2k respectively).

10/31 : I attempted to withdraw $600k. Verse-dex.org refused. After conversation with their online help, I learned that on 9/19, my “account score” had dropped from 100 to 80. And until my score was restored to 100, withdrawals of my funds were not allowed. I had not been notified on 9/19 that anything had occurred to drop my score. I would have addressed it immediately. And the “rule” that they say I allegedly broke on 9/19 to drop my score I did not break.

Verse-dex.org informed me that to restore my account score back to 100 (and thus be able to withdraw) was make a new “deposit” of $637k (20% percent of my total account at that time). I couldn’t raise $637k as Verse-dex.org now has all my money, and I wouldn’t pay another penny even if I had it, as I don’t believe Verse-dex.org when they state that they would restore my ability to withdraw funds. And, of course, I no longer believe that I made any “profit” at all during this time, the numbers I saw just made up for my benefit.

Summary:

In my opinion, Verse-dex.org has committed fraud primarily on these points:

● I did not break the rule which dropped my account score and thus prevents me from withdrawing funds. They are manipulating the words of their own rules to justify keeping my money. Plus, the “20% deposit” ($637k) in which to restore my account score can’t be considered, in my opinion, anything but ransom.

● From 9/19 (the supposed occurrence of a problem) until 10/31, Verse-dex.org did not notify me of any problem (aside from not being allowed to withdraw until my loan was paid back) with my account. This allowed my “profits” to grow, and subsequently the amount of money that would be required to “fix” my account. They intentionally allowed the problem to balloon out of control in order to require more money from me.

● The "seed phrase" (which I jotted down early) that should point to my funds on the crypto blockchain point to nothing. I attempted to sweep my funds from the location specified by the seed phrase and $0 was returned.