First time posting here, a friend is having some issues with getting their crypto out of Dreamcoin but I'll post what I know about it here in the hopes that people are made aware of it.

The whois labels dreamcoin.cc (exchange) as being registered in Hebei, China (via GoDaddy) to an individual (they redacted the PII, domain is valid from 2021/11/14-2022/11/13), they have zero presence or metadata on Google, and they are an MLM/Pyramid Scheme (the whitepaper http://dreamcoin.fi/whitepaperb.pdf).

The friend wanted to sell off their small amount of dreamcoin and transfer it back out to Binance. Dreamcoin decided to immediately freeze the funds when they tried to transfer and the "help" bot is stating that they need to transfer $X from Binance into a specified wallet because of taxes. The thing is, they have more than enough in funds inside the dreamcoin exchange to pay that amount but they are insisting on it coming from Binance or an external wallet (in TRC20 USDT for this case). Taxes (to my understanding) is always handled between the individual and the government; it will never involve the exchange and established exchanges don't do this (I'm ignoring Coinbase and Robinhood since this is outside the US).

My strong suspicion is that they are gearing up for a pump and dump using MLM tactics to rope as many people as possible into placing crypto into their "exchange". They will then run away with the money or use the aforementioned hostage holding of crypto to get paid when people try to leave. Here is the TRC20 USDT wallet they wanted the funds to be sent to (TDnNDuh89pA4uSt2DV22bxYLtqu3PsLrKE) searchable on tokenview.com if that helps anyone.