Hello all,
I have decided to start researching all coins that look suspicious, scam, pump n dumps, or a REALLY bad investments. I will hopefully be posting about 1 coin per month duo to heavy research with analysis on why you should never ever buy it. My first coin will be 1337 coin also called "leet".
Some of you may know this information, so this post will be directed to others, so they do not fall into the same trap.
First, lets analyze the simple stuff:
1. One person that goes by the nickname (Lady Whale) owns almost 70% of the supply, hidden in several wallets including cryptopia's wallet. This is extremely bad duo to 51%+ attack as well as being able to cause artificial price rises or market manipulation. Some images show that Ladywhale admit she can manipulate the market and that alone is huge.
https://gyazo.com/2b0a9758ff340457eb4f0c5d8f93cf862. The supply is 38 Billion coins with a current APR of 20% (down from 1337%). Yes, previously the APR was 1337%, meaning a few people got rich and control almost all the supply.
3. The coin had been taken over TWICE! First by Velvet78, next by Xenonflux.
https://bitcointalksearch.org/topic/ann-1337-mandatory-update-4178-apr-pos-only-1319833https://bitcointalksearch.org/topic/ann-elite-mandatory-update-1337-apr-pos-only-22496404.
The previous lead developer (Velvet78) hasn't produced anything major and was first on "vacation" for two months, then "busy programming", and finally "has a family emergency". If you check Velvet78's profile on here, he used to talk dutch and suddenly he learned turkish out of the blue and doesn't know what 1337 is. Did he lose his memory too? Xenonflux and Ladywhale (person with most coins) have been coming up with ridiculous excuses for months. Now finally, Ladywhale says Velvet78 is not the original developer and is still "recovering"
Even KingofDew (previously a crypto youtube is worried and hasn't been in contact with velvet)
https://gyazo.com/80a3e9a23824eb2c9d9c0531f557015ehttps://gyazo.com/d03210a99d03c5da304c918eec35066ahttps://gyazo.com/f331ed2d10f1126237c37a510444f2dchttps://gyazo.com/20a299dcd243928846c1c65333a821f2https://gyazo.com/be4dcd3d49d8f9a3f91cdd1488e777865.
Yobit owns millions of millions of coins and is staking them, causing more sell pressure. Nobody is even buying and Yobit is just selling their stake for free money.
https://gyazo.com/01d3a3661a7dae8ea1a891c0a422fdbc6.
1337 has been here for more than a year and have released nothing that "big".https://gyazo.com/bafc4c9ffc8346ed2a77088a18e74bec7.
Ladywhale is very shady admits she is the largest buy support on all exchanges.https://gyazo.com/7b9c0bba7342127fa6b8d1c03cdeddd4https://gyazo.com/85617d8cd53575065a166f0d5a80d1718.
Graph is a typical pump n dump graph:https://gyazo.com/c431d7deee2f57c0cbb7bec588feabe99.
Ladywhale owns the slack, website, and almost everything and not the 1337 foundation or team. She is also very aggressive (since she owns a high %) and has banned people (user by the name secdava) for reporting a vulnerability or anything that has the potential to hurt her investment. Not sure who owns the vulnerability, but the user that stated there was one got instantly banned.
https://gyazo.com/988942887c407784defb77e2a6b89f2ahttps://gyazo.com/d9a924f76aedefd6d953358416f0853c10.
There was a website contest and this is the new website.
https://gyazo.com/7dc251d1172854c02d2dadab9e818ce4Seems some of 1337 team members told people from discord to reply here to help protect their image, so some posts will call this FUD even with proof. 
