Milase Trading Platform Scam
Milase Trading Platform Scam
The Milase Trading Platform (Milase.com) is the technological core of a sophisticated "Pig Butchering" scam, specifically linked to a group calling itself ElitePalace. According to reports from the Better Business Bureau (BBB) and user testimonials in late 2025, the platform functions as a "walled garden"—a fake exchange where all market data, account balances, and trading outcomes are manually controlled by scammers.
Milase is not a real cryptocurrency exchange. It is a simulation software designed to look like a professional trading interface.
Fake Price Action: The cryptocurrency pairs traded on Milase (such as the ELIX token) often exist only on that platform. While these tokens may be worth fractions of a penny elsewhere, Milase lists them at astronomical values (e.g., $100+) to simulate wealth.
Guaranteed Wins: The platform’s algorithm is rigged. During the "testing phase," every trade you make will be a winner, showing returns of 300% or more. This is not due to market skill but to psychological conditioning.
Total Control: Because the platform is proprietary, the "Professors" (Marcus Hawthorne, Alec Merritt, and Tessa Marlowee) can manipulate your dashboard in real-time to show whatever "gains" or "losses" are necessary to keep you investing.
A key signature of the Milase scam is the use of "house money" to lower a victim's guard.
The Offer: ElitePalace gives new members $700 in credits on Milase to "test" their AI signals.
The Hook: Users are told they can keep any profit made during the test week as long as they return the $700. When a user "successfully" turns that $700 into $2,000, they believe the system is legitimate and are eager to deposit their own thousands.
Milase is designed to accept deposits easily but make withdrawals impossible. Once you attempt to take your money out, the platform employs "Exit Scam" tactics:
The "Tax" Scam: You are told your withdrawal is "pending" until you pay a 20% personal income tax or a "security fee" out of pocket. Note: Real exchanges deduct fees from the balance; they never ask for a fresh deposit to release funds.
The Stability Lock: They claim that "native tokens" like ELIX are locked for market stability, preventing you from selling or moving your assets.
Account Freezing: If you persist, the platform will claim your account is under investigation for "money laundering" and demand a large "clearance fee."
Identical Clones: The code and interface for Milase are identical to other documented scam platforms like Ellsworth & Vane. Scammers frequently buy these "scam-in-a-box" website templates and simply change the name.
No Regulation: Milase has no registration with the SEC, CFTC, or any global financial regulator.
Social Media Recruitment: The platform is never found via organic search or professional reviews; it is only introduced through private WhatsApp/Signal groups where "shills" create a cult-like atmosphere of success.
Important: If you have funds on Milase, do not send any more money for "taxes" or "fees." This is simply throwing good money after bad. Document your dashboard and transaction hashes immediately before they block your access.