Scam

Brexily

(Brexily Scam) An Amazing Video on Crypto Scams By BitBoy (Source: https://www.youtube.com/watch?v=HN8T3K8f8Cw)

Brexily doesn’t let its users withdraw their funds. It’s essentially an MLM scam mixed disguised as a crypto trading platform

Brexily claims to be a trading platform that caters to new crypto traders. All the while they are running a scam.

If you are reading this, then chances are you have seen an advertisement from Brexily and want to know whether they are the real deal. Well, if you don’t have time to read through this whole report, then I’ll leave you with this; avoid Brexily. These guys can potentially ruin your finances. They just want to steal money from as many people as possible.

In this Brexily review, we will take a look at how this scam operates, the faces behind it, and how we can put a stop to this Ponzi scheme. I won’t waste anyone’s time with an unnecessarily long introduction, so let’s just dive right in.

What is Brexily?

Brexily is a platform where you can trade cryptocurrencies. On their “About Us” page, Brexily claims to be targeting mass crypto adopters (this is an important note which we’ll break down later in the review).

They are mainly popular for their bizzare rewards and offers, they offer up to 80% cahsback at particular times, which is basically unreal.

Brexily is owned and managed under Everus.

The man behind all of this is Mr. Srinivas Oddati.

Brexily hosts a lot of giveaway-type ordeals and markets them to new crypto traders. As we’ll see later in the article, some of their offers and claims are plain unrealistic and they don’t add up at all.

According to their ToS page, Brexily offers services which allow their users to exchange one type of asset with another. Its quite honestly a barebones explanation of what they actually do, but for now it should do.

Srinivas Oddati: Mastermind Behind This Crypto Syndicate

Shrinivas Oddati
Srinivas Oddati

Srinivas Oddati is the CEO and founder of Brexily & Everus (Brexily’s parent company). He seems to have a very narcissistic attitude which becomes visible when you visit Mr. Oddati’s official Facebook page.

Mr. Oddati has obviously run paid Facebook ads in order to get likes and followers on his profile as his posts don’t have a consistent following, but that’s not what we’re here to talk about.

The only reference of Mr. Oddati being the owner of Brexily is on the About page of the website. That’s it. Something tells me that Srinivas doesn’t want most of his customers to know about the mastermind behind Brexily, however, due to his ego and narcissism, Oddati couldn’t help but throw his name on the website.

Owners and executives of such crypto scams often choose to stay anonymous, however, some founders want to show off their faces and give Sponsered interviews where a sorry journalist licks their boots. Mogul Productions is a good example of such an operation.

Oddati’s Craze For Fame: Nikki Productions

Nikki Productions
I don’t even know what to say about this

If you thought this India based extrovert was only in the crypto industry then you are in for a weird surprise.

Srinivas Oddati is also the founder of a low-budget Indian video production company called “Nikki Productions”.

It would be a very big understatement to say that Nikki Productions have some weird and cringeworthy content on their channel.

Is Nikki Productions successful? No. But that doesn’t stop Oddati from boasting about this failed enterprise on his social media handles. While Nikki Productions Facebook page has not posted anything since 2015, Brexily on the other hand has been quite active on its social media handles. We will talk about it later in this report.

Believe it or not, Srinivas Oddati is also in the business of importing and exporting goods.

OM Import & Export: Anonymous (Non-Existent)

A quick Google search for the term “OM Import & Export” seems to reveal that there are multiple companies with the name Om Import & Export and none of them have any association with Mr. Oddati.

And even after doing a thorough search through different databases, I was unable to find any mention of this company anywhere except on Srinivas’s own Facebook page.

It is possible that this Import & Export venture might be a front for his other scams, however, it is only a speculation. I’ll keep looking into it and see if something comes up, but for now, enough talk about this narcissist, let’s move on to Brexily.

Brexily’s Hidden Disclaimers: Taking Advantage Of Innocent Crypto Traders

Legal teams of every company do everything they can to make the Terms Of Service document as long and as complicated as possible. At this point it is a running joke for ToS pages to be long. Jokes aside, it is a grave issue.

By hiding the link to the disclaimer page and the ToS page, companies like Brexily get a major advantage in legal battles against their victims. It also helps them terminate accounts, take funds, and do all sorts of shady activity without consequences.

In the case of online scams, disclaimers are extremely dangerous as they are deliberately made invisible or difficult to access for most people. Unless you specifically look for the disclaimer page, chances are you’ll never even click on it.

I’m not going to lie, Brexily’s Terms Of Service page was not a fun read, but for the sake of this investigation, I read it anyways. And I found some very interesting pieces of text here. It might seem a little tedious to read this section as it covers the more legal side of the company, but I strongly suggest that you conjure up the willpower and read through it, it will be worth it.

All of the screenshots below are taken from Brexily’s website.

Claims Crypto Isn’t An Investment, But Market Themselves As An Money Making Machine

Brexily disclaimer 1

This is the most dumb disclaimer I’ve seen anywhere on any website. Brexily claims that Cryptocurrencies isn’t an “official or legally binded investment”. But this is plain false.

While there is a small minority of countries which for some wild reason consider crypto currencies like Bitcoin to be illegal. The countries where Brexily is marketing their services and offerings are not one of such countries. And most of the countries with good quality internet connections have no issues with crypto currencies.

If you’re wondering whether your country allows crypto trading, then check out this database on Wikipedia.

I have an issue with the statement “Cryptocurrencies are not an investment”.

It is put there in order to avoid any lawsuits regarding the SEC or FINRA. The executives at Brexily seem to know exactly which entities to avoid in order to succesfully operate their scam.

Here’s somethign more bizzare. While Brexily claims that crypto isn’t an investment, their paid affiliate marketers promote Brexily as an amazing money making oppertunity (or in other words, an investment).

This disclaimer is only put in place to avoid the strict restrictions that an actual investment company has to follow. If Brexily was a regulated, they wouldn’t be able to get away with stealing their clients’ funds and then shunning them from their website.

Let’s move on to the next disclaimer which I found to be scummy.

Brexily Isn’t Responsible For The Results You Get, But They Market Unrealistic Cashbacks

Another idiotic disclaimer

This paragraph is an eyesore, so you don’t have to read through it, I’ve done the dirty work for you. It essentially states that if you face any losses direct or indirect which are in any way connected with Brexily, then they are not responsible for the damages.

While every investment company in the world would like for this to be true, that’s just not how the real world works. If a client who uses an investment portal loses thousands of dollars because of Brexily’s cheap servers, then Brexily should be held responsible for the damages caused.

They’ve put this in place so if you lose any money through Brexily then you can’t file a lawsuit or file a complaint to the SEC.

Every Loss Is Permanent and Uninsured

Brexily doesn't care about its customers

This particular one is more of an issue of cryptocurrencies in general as opposed to with Brexily.

While you can get a 3000% return if Elon Musk someday Tweets about the meme crypto currency you were trading in, it is a risky endevour.

Unlike some of the more traditional investments, crypto is not insured by any regulated company. So if you are not ready to lose it, don’t invest it in crypto.

Brexily Rewards & CashBacks: The Math Doesn’t Add Up

Brexily Rewards

Brexily gets people to sign up for their service through these “reward” campaigns, where they claim to give away $25,000-$100,000. That’s not all, they also take zero fees.

At first glance it seems as if Brexily is a selfless company which just wants to give away money to random people who use their platform, however, things get really ugly once we take a closer look.

If Brexily doesn’t take fees, doesn’t have any premium accounts or monthly subscriptions, how are they actually making money let alone make a profit?

Well the answer is horrible but quite simple, Brexily makes money through scamming people.

They convince their users to add hundreds of dollars to their “Brexily wallet” and then once they do, Brexily simply doesn’t give the money back.

If you’re wondering if this is the first instance of them offering unrealistic rewards, then I have some news for you.

The screenshot above has been taken from an affiliate post promoting Brexily.

They have offered an 80% cashback on trading fees through referrals while also offering 10T for just signing up and 50T for depositing $500 USD.

All of these rewards attract naive and new crypto traders like flies. And that is the exact audience that Brexily wants to get. Because any experience crypto trader will get wise to their scam and expose them in their community.

Brexily Reviews & Complaints: It Gets Uglier

By now we know that Brexily isn’t a legitimate operation, but now we will take a look at what other people are saying about this platform.

Spoiler Alert: It’s bad and probably worse than you expect.

I have compiled all the reviews I could find down below.

Mamma.com

Safdar Hassan simply calls Brexily cheaters. And this review was posted just a week ago. Presumably Mr. Hassan deposited a sum of money on the platform and then they got duped. As we will see in the later reviews, it is a common theme for the Brexily victims.

Michael Bjorn calls it a Crypto MLM Scam, which is honestly a good summary of this operation.

Trustpilot

They had way to many reviews on Trustpilot so I just compiled all of them in an archive above.

All the reviews state that Brexily offered the user great rewards but once the user deposited the funds, Brexily froze the account and stole the money.

I just felt second-hand guilt for these poor people. It’s fascinating how Srinivas can sleep at night knowing how he is ruining lives to get millions.

Defaulters.com

This was an intersting site to look at, I saw some eye opening reviews here as well. Just like I did with Trustpilot, I’ve attached the screenshots of the users submitted reviews above.

The users exclaim that Brexily is a Pyramid scheme, one even went ahead and claimed it won’t last more than 6 months.

Help Take Down This Crypto Scam

After spending hours on this report I realized how nasty the Brexily scam actually is. If you have been scammed by Brexily, then please post a review down below. It will not only help potential targets of this scam, but might also help you get a refund from Brexily.

Operations like these really don’t like it when their victims speak up. So use your power of freeodm of speech and help take down this scam once and for all.

You can also report them on the FTC, however, it usually takes them a long time to process such complaints as they are a busy bunch. They’ve been taking down scammers left and right (check out this report on Dean Graziosi for an example).

2.6 Total Score
Brexily Review 2021: Verdict

Brexily is a crypto scam targeting new traders. They offer luring and unrealistic rewards to attract customers and once the customer deposits money, they don’t let them withdraw. Do not fall for their marketing tricks or paid affiliate articles.

3.3Expert Score
Trust Factor
3
Customer Service
5
Customer Experience
2.5
Reputation
3.5
Honesty & Transparency
2.5
1.8User's score
Trust Factor
2
Customer Service
1.7
Customer Experience
1.8
Reputation
1.8
Honesty & Transparency
2
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14 Comments
Show all Most Helpful Highest Rating Lowest Rating Add your review
  1. 0.5
    Trust Factor
    10
    Customer Service
    10
    Customer Experience
    10
    Reputation
    10
    Honesty & Transparency
    10

    I found some other reviews dating back to 2017 so it seems to be operating this for some time now.

    https://www.defaulters.com/scam/everus-technologies/

    Does anybody know is Srinivas Oddati is still operating?

    Helpful(1) Unhelpful(0)You have already voted this
  2. 0.5
    Trust Factor
    10
    Customer Service
    10
    Customer Experience
    10
    Reputation
    10
    Honesty & Transparency
    10

    Avoid this place people. They have one of the most horrible customer support in the industry. I have lost all the money I deposited into my Brexily account. But that’s not all. They are also not letting me withdraw the rest of the deposit I had made. They locked me out of the account. I should have found this Brexily review before man, I could have saved so much.

    - CONS: Brexily looks good but the market is horrible the customer support doesn't listen to you they don't let you withdraw money from your account by giving problems
    Helpful(5) Unhelpful(0)You have already voted this
  3. 0.5
    Trust Factor
    10
    Customer Service
    10
    Customer Experience
    10
    Reputation
    10
    Honesty & Transparency
    10

    My money is stuck there. Please help me get out of this trap.

    Brexily is not a good place. The customer support is not responding to me and Im tired. They are a SCAM!

    - CONS: customer support not respnonding
    Helpful(5) Unhelpful(1)You have already voted this
  4. 5
    Trust Factor
    100
    Customer Service
    100
    Customer Experience
    100
    Reputation
    100
    Honesty & Transparency
    100

    I thought it was pretty interesting it’s something to really look out for if you can make money it’s something you can bring into your home for your family that’s my honest opinion

    + PROS: very honest toward customer
    - CONS: none of above
    Helpful(2) Unhelpful(5)You have already voted this
  5. Not surprised. The crypto industry is the next MLM. You’ll see a bunch of crypto companies pop out of nowhere. They will take some millions from people. And then they will vanish.

    Anyone hear of Save Kids Token? They launched this month and now they are gone. The owner of Save Kids Token went away with millions in crypto.

    So yeah, beware of scams in crypto. Too many greedy thieves out there.

  6. 0.5
    Trust Factor
    10
    Customer Service
    10
    Customer Experience
    10
    Reputation
    10
    Honesty & Transparency
    10

    I can’t get my money from Brexily. These people are greedy monsters who don’t care for their customers for one second.

    Complete waste of my time and funds.

    I’m waiting for my withdrawal request for a long time and they don’t respond.

    Helpful(2) Unhelpful(0)You have already voted this
  7. 0.7
    Trust Factor
    10
    Customer Service
    10
    Customer Experience
    10
    Reputation
    20
    Honesty & Transparency
    20

    The company locks you out of your account without giving notification. One of the worst cryptocurrency companies I have worked with so far. Scammers.

    - CONS: Scammers
    Helpful(3) Unhelpful(0)You have already voted this
    • the lock out process is to stop users from attempting to withdraw funds. Its a common issue many users have complained about. When you contact customer support they will give you excuses such as server issues and downtime and technical issues. Anything to delay allowing you to withdraw YOUR funds

  8. 0.9
    Trust Factor
    20
    Customer Service
    10
    Customer Experience
    20
    Reputation
    10
    Honesty & Transparency
    30

    This report is amazing! Brexily has started posting bogus fake reviews on their Trustpilot listing and I’m sure they’ll do the same to this. I hope the admins take notice of this.

    I’ve lost thousands of dollars to this crypto scam, Srinivas Oddati needs to be behind bars!

    + PROS: None
    - CONS: Fake 5-star reviews Scammers Ruining Lives For Riches
    Helpful(6) Unhelpful(0)You have already voted this
  9. Good to see that this scam is finally being exposed. Thanks for this good insight into the operation and the person behind it. We need more awareness for scams in new markets such as cryptocurrency where consumer knowledge is still low. It was interesting to see he has been operating this type of operation from Malaysia where running a cryptocurrency business without a license is an offense.

  10. 0.2
    Trust Factor
    20
    Customer Service
    0
    Customer Experience
    0
    Reputation
    0
    Honesty & Transparency
    0

    Thank you for this Brexily review. I was skeptical at first but now I’m confident Brexily is a scam. I owe you one.

    Helpful(3) Unhelpful(0)You have already voted this
  11. 0.5
    Trust Factor
    10
    Customer Service
    10
    Customer Experience
    10
    Reputation
    10
    Honesty & Transparency
    10

    Big Cheater!

    + PROS: Can trade on brexily exchange but when you try to withdraw they will make a lot of problems for you. Company using a lot of rewards but from what we can see there is never any winners.
    - CONS: Lack of honesty and consideration for peoples investment. But this is MLM so before signing up you should already be very careful. None of this MLM bosses become rich from hardwork only from other peoples money.
    Helpful(3) Unhelpful(0)You have already voted this
  12. 0.5
    Trust Factor
    10
    Customer Service
    10
    Customer Experience
    10
    Reputation
    10
    Honesty & Transparency
    10

    Nice article, but I wouldn’t consider Srinivas Oddati as a “Mastermind”. More like a spoilt child who throws his toys out of the pram whenever one if his scams goes wrong.

    + PROS: Can tell your friends you are crypto trader!
    - CONS: Better to gamble in casino than give this man your money
    Helpful(3) Unhelpful(0)You have already voted this
  13. 0.5
    Trust Factor
    10
    Customer Service
    10
    Customer Experience
    10
    Reputation
    10
    Honesty & Transparency
    10

    Regarding Brexily – Im waiting my withdraw since 09.04 and i dont think ill ever get it.

    Always some excuses like ” Soon ” “Were sorry to hear that” bla bla bla

    Like “We need to investigate your trading pattern” etc etc..

    Why does it take 1 month to check.. ridiculous..

    I just feel sorry for the time i spent there.. made decent money but.. which im not getting ever .

    I wish all Brexily and Everus goes to hell.

    Ruined my time and love for crypto world.

    If they dont pay up i dont think ill ever again be involved in crypto because im tired already.

    Ruiners of peoples future and happiness.

    Helpful(4) Unhelpful(0)You have already voted this

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