Topic: ALERT***A new SCAM COINDASH from the scammers of GETGEMZ scam project!!!!!! (Read 27688 times)

Getgemz:  Daniel Peled Long story short, 100% scam!!! (was on fucking techcrunch,(youtube) lol everybody saw what he was doing)

Lazooz: Eitan Katchka / Shay Zluf / Oren Sokolowsky (just disappeared after ICO, rofl)

IDNI Agora: Ohad Asor "Still ongoing" ( False sense of grandeur, narcissist, he keeps posting these pseudo scientific/ philosophic scifi shit, meanwhile produced 78 commits in 3,5 years ROFL. Am not joking look:
https://github.com/idni/tau

My question is:

Did they use the Technology that was developed through the years for GetGems and funded by the get gems participants  for PayKey and other ventures???

If So there is a Huge problem here and possible legal action might be required.  

I still think that they are a scam, they might have something to deliver though they aren't doing it because they want their coin to be number 1.

Regarding GetGems, long story short:

- GetGems had VC governance from day one, there wasn't any misuse of funds.
- The validation to this is that very reputable additional investors such as MasterCard, Santander InnoVentures, CommerzVentures, Siam Commercial Bank, SBI Group invested in the company in the round A and round B investment rounds.
- Every one of these investors is exposed to the financials statements of the company and disclosure schedule detailing all the agreements and history of the company. If there was even a slight risk that the company is a scam or that there was any wrongdoing these reputable investors would have never joined.

Some facts:

GetGems was the first ICO in Israel back at 2014, it was also the first israeli crypto company to receive funding from a reputable VC (Magma) with many strong portfolio companies such as Waze, Argos, TabTale etc.

GetGems was also the first ICO to raise funds with a milestone based structure (using Koinify platform). This meant that the project didn't receive the $800k raised instantly but based on accomplishing development milestones that were detailed in advanced. Adam Krellenstein the co-founder of Counterparty and a well respected protocol developer was the arbitrator for the GetGems funds which were held in a multisig wallet.

GetGems built the promised milestones (and a lot of other features) and reached 300k+ organic mobile downloads which was a big accomplishment only few other crypto apps reached at the time, but unfortunately the adoption wasn't strong enough to raise additional funds to keep the project alive as is.

As many startups do in such a situation new ideas were thought out and eventually the project pivoted to become PayKey.

It's important to note that none of the funds raised during the token sale were used to build PayKey rather funds from Magma and additional funds from respected investors such as MasterCard, Santander, CommerzVentures were raised during the Series A round: https://www.finextra.com/pressarticle/67161/paykey-raises-6-million-in-series-a-funding and Series B funding: https://techcrunch.com/2017/10/19/paykey-raises-10m-for-its-millennial-targeted-social-banking-smartphone-keyboard/.

Some people don't realize but $800k isn't a lot of money in the startup world, it's about 12 months of operation. If you get a product market fit and traction you might be able to raise additional funds if not most likely you will close the business. A lot of startups with much more money have failed. It's hard to build a real sustainable business. Working hard and having partial success or even failing eventually is very far from a scam, and is what nearly every real entrepreneur has experienced.

"We don’t know when the hacking started. The effects of the hacking were, say, shown at around 1pm GMT and we quickly realized that and took the site down."

they dont know when they got hacked so im sure they dont know how they got hacked. how they wanna make there site safe for the future?

and everyone can write a text. there is 0,0 proof that it was not a inside job and this article is 6 months old

SO, do you still think it's a SCAM at this point?

https://www.bloomberg.com/news/articles/2017-07-20/coindash-ceo-says-ignore-the-conspiracies-after-coin-sale-hack

They are spamming right now, got 3 emails today and never ever heard of that site before so basically, they got my email from somewhere

email content


email used: [email protected], [email protected], [email protected]

still no proof from them 

Their is scammer out there but there is also people wich gave them money like it's nothing because their are foolish by instantly high return on investment. Be skeptic and careful.

Fool me once shame on you. Fool me twice, shame on me.
People need to be careful about where they invest their money. Research the team behind the ICO, etc. These guys aren't the only ones. There's a number of scammers out there, and being unregulated and decentralized is just asking for trouble if you're not careful about who you buy into.

they said they reported the hacker but everyone can say that.. they showed no proof so i dont care what they say..

if they made just a video with the adress at the time of start and post that on there thread and website noone can hack that..

and i dont believe a known scamer dont know how to safe his website  sure...

Is there any news if the Coindash team reports a hack to the police or the like?
Most likely this is a trick, why only 7 million?
why not all coindash money stolen?

yeah its very fishy that there come no proofs  

This is the news
http://www.coindesk.com/7-million-ico-hack-results-coindash-refund-offer/

Coindash wallet hacked more than 7 million lost. is this the real hacking attack or just trick? We don't know. Only coindash team know. I never interested in coidash ICO since it campaigned at the first time.

Nice thought, Why they did not take action and did not report to the police?

If indeed it is hacking and no one is acting then it can be ascertained hacking done by insiders.

lol why are so many people here so stupid.. they show no proof that they reported the hacker to fpi/police so who know they did or not.. so it can be still a inside job and so much people are still supporting them now with the bounty campain omg.

This ^^^^^


Can't pull up the white paper...or anything, the website takes you to a distribution plan page.

I am in no way defending this company or supporting them and the project,  I also understand the loss of confidence in the project (I feel for those impacted), but with ethereum's value increasing, does that soften the loss a bit?

They will have operating capital, although at this point, they may have little trust from the community...


For this (and all) ICO's isn't there a breakdown of what the money is for (salaries, R&D, bills, going concern principle, equipment, wild parties)?

I just noticed they locked the CoinDash thread. That’s exactly what they did with Getgems.

The goal is to move all the noise and criticism to a private chat where they can keep a lid on it.

I wouldn’t be surprised if the stolen funds find their way to PayKey / Getscammed CEO Daniel Peled.

Alan Muroch likely still works for him.

yeah they wanted 12mio and than ask for 80000 ether =15mio+ they calculated almost with the lowest price it reached 150$^^

and if there products are almost finished (beta) for what they need that much money^^?