A troubling post appeared on the r/CryptoScams forum from user Fearless-Body722. Its message can be summed up in one simple rule: if you are asked to deposit more money in order to recover funds you have already lost, it is the same scam chain—just in a new disguise. The pattern looks like this: FCIG → Yepbit → Axiom EX → NyamEX. At every stage, victims are asked to pay in order to "save" money they have already lost.

According to Fearless-Body722, after Yepbit collapsed, victims were offered the opportunity to recover their funds through Axiom EX. The trap was that activating an account required a personal deposit of $200, while withdrawals of the supposed compensation were allegedly available only after 60 days—and many victims never made it to that point. Then, on September 3, the organizers announced that they themselves had supposedly been deceived through Axiom EX and invited everyone to move to a new exchange called NyamEX, where a certain Professor ANDREW G. REIDL was distributing trading codes. The surname REIDL prompted some bitter irony from the author—it sounds like "riddle" — but behind the jokes lies a very real and disturbing cycle.

The pattern is supported by more than the author's observations. On February 4, 2026, the Philippine Securities and Exchange Commission issued a cease-and-desist order against Fidelity Capital Investment Group (FCIG) and Yepbit. Their investment-trading scheme promised high returns on investments ranging from $500 to $3,000 and required participants to recruit new members in order to withdraw their funds, directly violating the Securities Regulation Code. According to an investigation by BehindMLM, FCIG's supposed CEO, "Jonathan Brook" does not exist and was likely generated by AI. The scheme is allegedly operated through BonChat—a Telegram alternative used to coordinate with investors.

The situation with Axiom EX is even more cynical. It fits the classic definition of a "recovery scam", in which second-level scammers deliberately target people who have already been defrauded. As noted in an analysis published on LinkedIn, the operators claim that the victim's funds are "frozen due to a regulatory review" while simultaneously promising to double any new deposit. That is a logical contradiction: frozen funds cannot also be available for matching. This inconsistency is what exposes the same fraudsters behind the operation.

As for NyamEX, an independent review of the platform has already identified standard red flags: promises of guaranteed profits and security that do not stand up to scrutiny in the real cryptocurrency market. Professor Andrew G. Riedl, presented in BonChat screenshots as a source of trading signals, is listed as the sole principal and registered agent of PULSE ASSET ALLIANCE INC., a company incorporated in New York only in late August 2026—just days before it began being presented as a solution for transferring assets.

According to Fearless-Body722, screenshots from the BonChat group show a manager describing the transition as a strategic partnership between FCIG, Riedl, and PAA, which allegedly already had an established partnership with NyamEX. In other words, this was not just a random mention in a chat: the platform and the individual were presented to members as FCIG's official solution.

Commenter zamula summarized the issue in the same thread as briefly as possible: almost any crypto platform that is not among the major, well-known exchanges is likely to be a scam, and if you are asked to deposit your own money for verification or withdrawal, it is 100% a scam. As zamula put it, "You don't even need to read the wall of text" — the point is simple.

The author of the post, whose own family became victims of this scheme, urges anyone affected by FCIG/Yepbit and redirected to Axiom EX—and now to NyamEX—to preserve all screenshots, messages, transaction records, and account names, and to report the matter to the relevant authorities, including the NBI Cybercrime Division and the CICC.

As Fearless-Body722 notes ironically, they have not deleted their BonChat account—not because they are participating, but in order to observe how the cycle develops. Unfortunately, the cycle continues.

The short version is this: never deposit new money to recover old losses. Independently verify every platform and every "professor" preserve all available evidence, and report it to the authorities. The chances of recovering lost funds may be low, but continuing along this chain guarantees further losses.