Bake Reviews 1,747

How to file a formal complaint with the Bank of Lithuania regarding Bake.io

To everyone experiencing issues with Bake.io, please be aware that you can escalate your concerns directly to their regulator, the Bank of Lithuania (BoL).

As Bake.io operates via a Lithuanian entity GS Fintech UAB, they are currently under supervision and seeking authorisation under the new MiCA (Markets in Crypto-Assets) regulations. The BoL takes consumer protection seriously during this transition.

How to Complain:

Direct Email: You can contact the supervision department. A key contact for MiCA and financial market supervision is Lukas Jablonskas. While his direct email follows the BoL format @lb.lt, official complaints should also be sent to the general supervision inbox: Google general supervisor

Official Form: Use the Bank of Lithuania Complaint Form to ensure your dispute is formally tracked.
Requirements: Your complaint must be in English or Lithuanian and should include evidence that you first tried to resolve the issue with Bake.io directly.

Regulators may not look favourably on MiCA applications if there is a high volume of unresolved consumer complaints.

Don't just post here; make sure the BoL hears your voice.

Important Contact Summary
General Complaints: Google BoL
Official Info Line: +370 800 50 500
Website: lb.lt

Lukas Jablonskas (MiCA/Supervision): LinkedIn Profile

Fraud, Scam,

Scam Scam Scam Lost everything I tried to withdraw to another wallet , all was inputted exactly correct

Bake has made it so easy, to build my crypto portfolio. I will be adding more, as funds allow.

It's a scam, they stole all my DeFiChain tokens.

Terrible platform!!!!!
Withdrawal request denied and a very bad customer service after sending my documents and everything they still disapprove my withdrawal. Don’t fall victim
I refused to let them go away with my money filed a complaint and got everything back within 48hours……..Don’t be afraid to seek help

Frozen withdrawal page interface no support or assistance fortunately #re trie vi𝚜/ta, was a lifesaver with success..

Zero stars.

Have used Coinbase, Kraken, Binance and many others - I started using Bake when it was Cake and this is the only one I wish I had avoided.

Founder blocked me on social media when I asked legitimate questions, that should have been a clear sign of the scam that it is - this platform is a scam and their DFI token is an actual joke.`

I've cut my losses. Don't make the same mistake, completely avoid losses with this platform by not using it ever.

Bake crypto. I have over 50k in there which I made mostly by trades. When I tried to withdraw 3k, they made me pay a 5k verification deposit, with a deadline, which stupidly, I paid. Then they wanted another 5k for an unknown reason. This time I did not comply, so they locked my account. Avoid Bake.

I thought that this service is about some bakery service, but my google search sometimes works against me😂😂 But, I ended up on a good investment platform. It looks like a big coincidence, at this time, I was looking for how to manage my finances better. The major difference here, is that all assets are digital that I know put some sort of additional risk, but sitting without any actions, when bitcoin hits its new highs and other coins relentlessly follow it, no, I want to have a peaceful life, once I retired😉 The process is easy and painless. Already getting some passive income benefits.

SCAM. You can't withdraw, I had USD 400 and next thing I log in is USD 2.83. Avoid. Please advise where can I report them to recover my money? and their scamming activities?

100% scam. They take your crypto and literally are stealing from customers.

It's a really profitable thing , to be honest. I've never believed that such sphere of investing into digital assets like NFTs and all that could be so... hyped.
When the hype around NFTs faded away back in 2022, I thought that this sphere would never rise again.
Still, nowadays, due to recent hike of Bitcoin, some altcoins and increasing popularity of memecoins, this sphere is being gradually revived by enthusiasts.

The most transparent robber in crypto industry

Scammers! stay away from these scammers!
They suspended my account to steal my funds!
I contacted them and no response!

Was okay when account first opened. But recently they charged a £15 admin fee every month for not logging in. My small balance was wiped away. Bunch of cowboys trying to make a quick buck.

My wife and I are from the United States and have been trying to verify our accounts for months now. Trying to reverify our account through the app didn’t work and we needed to contact support to get this done. We got the run around with the general customer support and we were apart of the Elite program with priority support so we went that route and only got passive aggressive reply’s with no action. One of the reply’s was “why are you trying to verify an account that isn’t yours”. When we actually do have accounts… so odd.
We cant access our accounts to withdraw our funds. This company use to be great but definitely not anymore. I’d advise to avoid.

Look the Defichain and the DUSD Performance the last 3 years, and then say me its a scam or not ? ;-)

Unbelievable, that some people really so stupid and buy this scam coins