CoinLion Review: Legitimacy, Risks, and Reputation
Short answer: High risk. Do not deposit with any platform calling itself “Coinlion” until you have established exactly which company you are dealing with and checked its licence yourself. The Washington State DFI published a fraud alert in June 2025 about an alleged “Coinlion” platform (trillioninfo.com) in which an investor lost about $858,000 — and, separately, Florida’s regulator revoked the Florida money-transmitter licence of the real company Coin Lion, LLC in April 2025. The evidence is conflicting and the identity question is unresolved, so this is a caution case, not a clean bill of health for any Coinlion.
Two separate regulator matters — do not merge them
1. The Washington DFI fraud alert (20 June 2025). Washington DFI: Alleged Coinlion and Evensource, LLC appear to be engaged in fraud. An investor learned about Coinlion through online messages from a person purportedly named Susan Liu, claiming to be an investment executive with Carlyle Group. Coinlion used the domain trillioninfo.com, among others. In about July 2024 the investor mailed $500,000 in cashier’s checks to Evensource, LLC, attention Khoa Pham, on Coinlion’s instructions. When the investor tried to withdraw, Coinlion demanded more deposits to “unlock” withdrawals. The investor lost approximately $858,000. DFI notes the reported facts and losses have not been verified by DFI. The alert does not state that this platform is the Sioux Falls company Coin Lion, LLC — and the “unlock deposit” pattern is a well-known scam pattern regardless of whose name is used.
2. The Florida licence revocation (April 2025, separate). Florida OFR revoked Coin Lion, LLC’s money-transmitter licence FT230000375 after an examination of the company’s records. A later Florida agreement (July 2026) records that the licence was revoked on 17 April 2025 for failure to file an annual financial audit report, that the company re-applied on 4 August 2025, and that it admitted operating as a money transmitter without a licence for 108 days in between, with eleven transactions totalling $8,289. So even the real, US-registered Coin Lion, LLC cannot currently be presented as a licensed Florida money transmitter — and any listing that still describes it as licensed is out of date for Florida at least.
Before you send anything to any unfamiliar platform, read our what to do after being scammed recovery guide and crypto recovery guide — the checks in those guides apply before you deposit, not only after a loss.
What to check before you trust a “Coinlion”
- Which exact company and domain are you dealing with — coinlion.com, trillioninfo.com, or another domain? The DFI alert’s platform used trillioninfo.com, among others.
- Is the company licensed as a money transmitter in your state, on the NMLS Consumer Access register — checked by you, today? A corporate good-standing certificate is not a licence.
- Was first contact through an unsolicited message, a “mentor” or a chat group? That is how the DFI case began.
- Any demand for an extra deposit to “unlock” a withdrawal is a reason to stop, not to pay more.
What to do if you have already deposited
- Stop depositing more money, even if you are told it will help release a withdrawal.
- Keep screenshots of your account, deposits, chats and emails.
- Contact your bank or card provider promptly and ask about a chargeback or recall.
- Report it to RSF.support, so our team can help you. Fill in the free consultation form on RSF.support with the company name (Coinlion — and the exact domain you used), what happened, and your deposit proof and screenshots. Submit your report to us through that form, and we will guide you on the next steps.
Bottom line
Coinlion is a caution case, not a settled one. A Washington DFI fraud alert describes an alleged Coinlion platform taking about $858,000 with an “unlock deposit” pattern, while Florida’s regulator revoked the real Coin Lion, LLC’s Florida licence in April 2025. Until the identity is clarified and a current licence is verified on the official register, do not deposit. Browse more reviews in our Scam Reviews category before trusting any unfamiliar platform.
Frequently asked questions
Is CoinLion a scam?
The evidence is conflicting. Washington DFI published a fraud alert about an alleged “Coinlion” platform (trillioninfo.com) in June 2025, and Florida revoked Coin Lion, LLC’s Florida money-transmitter licence in April 2025. Neither matter alone proves every “Coinlion” is the same operation — which is itself the reason not to deposit until the identity and licence are verified.
Is Coin Lion, LLC licensed?
Its Florida money-transmitter licence FT230000375 was revoked in April 2025, according to Florida’s Office of Financial Regulation. Check any current licence claim yourself on the NMLS Consumer Access register before relying on it.
What is the “unlock deposit” pattern?
A platform refuses a withdrawal and demands an extra deposit to “unlock” it. It appears in the Washington DFI Coinlion alert, and paying it does not reliably lead to a withdrawal.
What should I do if I already sent money to a Coinlion platform?
Stop depositing, keep all screenshots and proofs, contact your bank or card provider promptly, and report it through the free consultation form on RSF.support.
