Topic: [ANN] CoinonatX- Scam Alert - Unmoderated thread (Read 756 times)
thanks
Up. It should be on the first page always, so everyone won't miss
Cheers thanks mate!
Since the developer closed the original thread and decided to move to a moderated thread, I would like to open this thread in order to bring awareness to the community for what happened and is still happening here.
Basically the developer run a double scam where he created a new coin, pretended to swap the old one for the new while giving people very short notice and doing it completely not transparent. They swapped a very small percentage of the coins while remaining in possession of the larger part of xcxt. Also they deliberately slowed down communication so most people miss the 7 days deadline.
The developer ended up with a lot of coins on both chains and the opportunity to dump them on unsuspecting traders.
Basically the developer run a double scam where he created a new coin, pretended to swap the old one for the new while giving people very short notice and doing it completely not transparent. They swapped a very small percentage of the coins while remaining in possession of the larger part of xcxt. Also they deliberately slowed down communication so most people miss the 7 days deadline.
The developer ended up with a lot of coins on both chains and the opportunity to dump them on unsuspecting traders.
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