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Bydfiaz Scam: Fake Crypto Exchange Copying a Known Name

Savun Law & Consultancy · Updated 3 November 2026

Bydfiaz Scam: Fake Crypto Exchange Copying a Known Name

Bydfiaz is a website opened under a name very close to a well-known crypto exchange, collecting money from users for crypto trading. The financial regulator of the Canadian province of Québec, the Autorité des marchés financiers (AMF), has published an investor warning about bydfiaz.com.

In short: Bydfiaz is not authorised in Türkiye by the Capital Markets Board (SPK) and has no permission to operate as a crypto asset service provider in Türkiye. The scheme builds trust with a domain that recalls a recognised exchange name. Claiming the transferred money back is legally possible.
What this article covers

No. The name Bydfiaz was formed by adding "az" to the name of the international crypto exchange BYDFi. The official domain of BYDFi is bydfi.com, and no connection with bydfiaz.com has been identified. bydfiaz.com was registered in October 2025 and is currently unreachable; schemes of this kind change domain names frequently to avoid detection.

🚩 How Does the Fake Exchange Scheme Work?

  • The user is directed to the site through social media or a messaging app with an offer of "profitable trading".
  • The USDT or other crypto deposited is shown as a balance that grows quickly on the dashboard.
  • At the withdrawal stage, a new payment is demanded under names such as "tax", "unfreezing fee" or "security deposit".

These steps are the common thread in cases of being unable to withdraw money from a fake crypto exchangeTR.

🔗 Other Platforms Using the Same Method

We have previously examined schemes that imitate real exchange names or build an exchange front from scratch:

⚖️ Legal Framework and Process

Article 109/A of Capital Markets Law No. 6362 makes it a criminal offence to provide crypto asset services without authorisation.

  1. It is documented that the platform is not an SPK-licensed crypto exchange.
  2. Wallet and bank movements are reviewed for a money laundering connectionTR.
  3. The routes for a refund from an overseas operation are assessed.

For detailed information and legal support, you can contact Savun Law & Consultancy.

❓ Frequently Asked Questions

Is Bydfiaz the Türkiye branch of the BYDFi exchange?

No. The similarity between the two names appears to be deliberate; no connection between bydfiaz.com and BYDFi has been identified.

Is there an official warning about Bydfiaz?

Yes. The Québec AMF has published an investor warning about bydfiaz.com. The site is also not authorised by SPK; the SPK list of authorised institutions can be consulted for verification.

The site does not open. What happened to my balance?

Loss of access is common with schemes of this kind; the balance shown on the dashboard has no real counterpart.

I sent crypto to Bydfiaz. What are my options?

For detailed information and legal support, you can contact Savun Law & Consultancy.

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Attorney Veli Savun

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This page is an English adaptation of our Turkish article Bydfiaz (bydfiaz.com) Sahte Kripto Borsası Dolandırıcılığı.

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