Ascendancy IPO Turned Into a Scam - Investigation in progress - page 10.

Wolf Rainer

legendary

Activity: 1960

Merit: 1022

Quote from: CryptoMrM on February 03, 2017, 05:45:41 PM

This is the stated escrow address: https://blockchain.info/address/3627Ns72j7DpGg6tcLdrrc8AvLJ2WKStY4

7 BTC in it.

The escrow agreement states: "We will be using a 3-of-4 multisignature address, where each escrow will have a key and Andrew & Richard will share one."

Therefore I believe the combined escrows should still have access to them.

The question is whether the 7 BTC should be given back to the original investors they belong to or whether it should be split evenly between all investors.

If I'm honest I believe it should be the former (back to original investors) as, if it was me, I would have invested knowing my funds would be secured in the escrow.

However I doubt that will happen as in the past it's been shown that often scam/hack losses are aggregated across and everyone gets punished.

I'm interested in what the Escrows decide.

They should give people money back, thats the only reason people invested in the first place.

cokkapaga

legendary

Activity: 867

Merit: 1000

oh shitt.. the developer team is fake?
don't be easy to believe anyone. yes, this is a good reminder. we need be carefull to investment in the ico at the moment.

CryptoMrM

hero member

Activity: 722

Merit: 500

This is the stated escrow address: https://blockchain.info/address/3627Ns72j7DpGg6tcLdrrc8AvLJ2WKStY4

7 BTC in it.

The escrow agreement states: "We will be using a 3-of-4 multisignature address, where each escrow will have a key and Andrew & Richard will share one."

Therefore I believe the combined escrows should still have access to them.

The question is whether the 7 BTC should be given back to the original investors they belong to or whether it should be split evenly between all investors.

If I'm honest I believe it should be the former (back to original investors) as, if it was me, I would have invested knowing my funds would be secured in the escrow.

However I doubt that will happen as in the past it's been shown that often scam/hack losses are aggregated across and everyone gets punished.

I'm interested in what the Escrows decide.

bangomatic

legendary

Activity: 1246

Merit: 1000

ARK Team likes to ban and delete posts in reddit.

Quote from: SparkIt on February 03, 2017, 10:45:20 AM

Quote from: DISPERADO on February 03, 2017, 10:21:54 AM

Quote from: AscendancyTeam on February 03, 2017, 08:15:34 AM

Quote from: ije07 on February 03, 2017, 06:57:05 AM

Quote from: AscendancyTeam on February 03, 2017, 05:14:48 AM

Exchange Update

We have been in active contact with a number of exchanges regarding exclusivity during our trading period July 2017 --> January 2018.
During this period you will be able to trade your IPO token on your Ascendancy IPO panel to the exclusive exchange.
This will allow you to trade your IPO token before a public product is released.
The exclusivity will end when Ascendancy is publicly released and more exchanges could add Ascendancy.

We will reveal more details on this when we have an update.

I'll be waiting sir
more precisely when ICO will end. If in July. It feels very long
Please detail the right back your information sir.

March 10th 2017 is the end of the IPO, We estimate that the decentralized network will be running by July and trading will be available via our site, The whole product of Ascendancy which includes frontend UI, Better interface for node server, API and the SDK wont be finished until Q4 2017 or Q1 2018.

Richard Aldridge

ASC tokens after the IPO will be available on your website only and the real exchanges will be released at the end of 2017 or at the beginning of 2018?
There will be your internal(domestic) exchange for ASC token only? And who can be sure that you will modify all of your products till a logical conclusion?

I will have Richard to explain this for you.

Quote from: jacaf01 on February 03, 2017, 10:37:41 AM

20BTC good job, but looking at the 2000BTC target this represent 1% of the projected fund, there is miles to go for the team to reach their ICO funding objectives

Our goal is 480 BTC and the project will keep going even if the goal isn't reached.

Sure, this is only about 4.3% of that goal but it's 5 weeks left of the IPO and I believe we can reach it.

SEEMS LIKE YOU STOPPED THIS ICO EARLY. Roll Eyes

I HOPE U GUYS GET BUSTED.

SEOcrypto

member

Activity: 114

Merit: 10

Quote from: Wolf Rainer on February 03, 2017, 05:36:50 PM

Quote from: SEOcrypto on February 03, 2017, 05:35:47 PM

Quote from: cokkapaga on February 03, 2017, 05:32:52 PM

Quote from: SEOcrypto on February 03, 2017, 05:27:34 PM

Quote from: cokkapaga on February 03, 2017, 05:22:09 PM

The website is down or maintanance?
I can not open it. Any problem?

404 "dev" not found

301 / http://scam.com

OMG, I think so. its scam,
how about escrow? The balance is safe?

Unclear what will happen to the funds sent to escrow.

scammers ran with the BTC deposited today.

Seems like scammers ran away with ALL the money. The escrows are saying 75 btcs got stolen.

Hate to see that.

Investors - this is an unfortunate, expensive lesson. like misplaying a poker hand. won't do any good to beat yourself up. learn and move on.

Wolf Rainer

legendary

Activity: 1960

Merit: 1022

Quote from: SEOcrypto on February 03, 2017, 05:35:47 PM

Quote from: cokkapaga on February 03, 2017, 05:32:52 PM

Quote from: SEOcrypto on February 03, 2017, 05:27:34 PM

Quote from: cokkapaga on February 03, 2017, 05:22:09 PM

The website is down or maintanance?
I can not open it. Any problem?

404 "dev" not found

301 / http://scam.com

OMG, I think so. its scam,
how about escrow? The balance is safe?

Unclear what will happen to the funds sent to escrow.

scammers ran with the BTC deposited today.

Seems like scammers ran away with ALL the money. The escrows are saying 75 btcs got stolen.

SEOcrypto

member

Activity: 114

Merit: 10

Quote from: cokkapaga on February 03, 2017, 05:32:52 PM

Quote from: SEOcrypto on February 03, 2017, 05:27:34 PM

Quote from: cokkapaga on February 03, 2017, 05:22:09 PM

The website is down or maintanance?
I can not open it. Any problem?

404 "dev" not found

301 / http://scam.com

OMG, I think so. its scam,
how about escrow? The balance is safe?

Unclear what will happen to the funds sent to escrow.

scammers ran with the BTC deposited today.

cokkapaga

legendary

Activity: 867

Merit: 1000

Quote from: SEOcrypto on February 03, 2017, 05:27:34 PM

Quote from: cokkapaga on February 03, 2017, 05:22:09 PM

The website is down or maintanance?
I can not open it. Any problem?

404 "dev" not found

301 / http://scam.com

OMG, I think so. its scam,
how about escrow? The balance is safe?

Wolf Rainer

legendary

Activity: 1960

Merit: 1022

Quote from: Tasty Potato on February 03, 2017, 05:26:49 PM

Baskin robbins!

So they took what they got within 8 hours before auto trans to escrows...

This money is gone, I get it, but what about before that Huh

Can I get my escrowed investment back somehow??

f@cking Gallaghers

Sure, ask the escrows for your money back. If they get fooled or didnt make a proper work is not the investors fault.

SEOcrypto

member

Activity: 114

Merit: 10

Quote from: cokkapaga on February 03, 2017, 05:22:09 PM

The website is down or maintanance?
I can not open it. Any problem?

404 "dev" not found

301 / http://scam.com

Tasty Potato

full member

Activity: 231

Merit: 100

Baskin robbins!

So they took what they got within 8 hours before auto trans to escrows...

This money is gone, I get it, but what about before that Huh

Can I get my escrowed investment back somehow??

f@cking Gallaghers

cokkapaga

legendary

Activity: 867

Merit: 1000

The website is down or maintanance?
I can not open it. Any problem?

SEOcrypto

member

Activity: 114

Merit: 10

LOL

this is a good reminder

DON'T JUDGE A BOOK BY IT'S COVER (aka - don't judge a BCT ANN thread by it's artwork)

As mentioned before this one had a lot of flags but I can see why people got swindled.

the better the thread, the more money to be ~~made~~ scammed.

WILD WILD WEST YO

whynotbit

jr. member

Activity: 69

Merit: 3

I can only agree. And I can just remember why I left this world.
I probably needed a reminder.
Worst is I had it figured out before, now I will definitly listen to my guts (except with diarrhea )
PS : Only invest what you can afford loosing... that is what I did. Not worst than gambling

CryptoMrM

hero member

Activity: 722

Merit: 500

Quote from: whynotbit on February 03, 2017, 03:35:48 PM

The supposed last investments did go high very fast, just like trading, better close a deal when it gives profits (70 btc if site information was true) rather than having the sum go to escrow (who are just humans and can be fooled just like us) and not be able to run away with it. Actually fake escrow since the transaction did go through another adress before being handed to the escrow agents (not doubting the escrow's honesty though, just their definition of being an escrow)
For me now, only Ico's held by third know site, with no delay whatsoever and real infos from team. Good lesson !
@SparkIt figure it all you want, it's a scam, sad thing I invested too late for sum to go to escrow adress.
Happy for the guys who will get their btc's back. I will trade a day or two to win back my loss.
Happy trading to everybody .

Sparkit looked like just a hired hand having been working for other less reputable projects (Zdash, no offence)

15% random bonus for Chinese NY and lack of sustained graphic work for it

No real identities

No trace of the names or links to university's mentioned when I searched

No previous companies mentioned

Lack of a whitepaper

Escrow was supposed to be automated every 8 hours but nothing was sent. Excuse didn't line up. The escrow assurances were basically rendered moot. As I said in my screenshot above "only as strong as the weakest link"

People need to wise up. You shouldn't be messing around with this stuff if you don't know what you're doing.

whynotbit

jr. member

Activity: 69

Merit: 3

The two founders are fraud, the escrows, we will see but I think they also got fooled.
After two years leaving crypto, I came back because I did make nice profits on the right companies.
Look at Ether, Nxt, Dash(Dark), Bitcoin, Ripple, and the way they built their project, and look this one, totally different !
Even Nem being serious is for me a kinda scam (for me as long as you invest, you can sleep for years and get your asset as long as the company, product is still living, they just did it in a manner not suited for this activity and actually do not believe they will last)

SparkIt

hero member

Activity: 714

Merit: 529

Quote from: ?? on ??

Quote from: SparkIt on February 03, 2017, 03:02:18 PM

WTF?!

Ascendancy is a Scam Project?

Sure seems like it.
We'll update you guys as soon as we have something.

whynotbit

jr. member

Activity: 69

Merit: 3

It sure seems to be and has all the flags raised ! (says someone who did invest)

specturul

sr. member

Activity: 297

Merit: 250

I can not believe that I got around this shit party. I understand that people who are team this shit is fake Huh

whynotbit

jr. member

Activity: 69

Merit: 3

The supposed last investments did go high very fast, just like trading, better close a deal when it gives profits (70 btc if site information was true) rather than having the sum go to escrow (who are just humans and can be fooled just like us) and not be able to run away with it. Actually fake escrow since the transaction did go through another adress before being handed to the escrow agents (not doubting the escrow's honesty though, just their definition of being an escrow)
For me now, only Ico's held by third know site, with no delay whatsoever and real infos from team. Good lesson !
@SparkIt figure it all you want, it's a scam, sad thing I invested too late for sum to go to escrow adress.
Happy for the guys who will get their btc's back. I will trade a day or two to win back my loss.
Happy trading to everybody !

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