Topic: Beware of barwizi - senior member stole BTC from Noirshares | Project XUC dev (Read 2592 times)

Hi dev, do need any portuguese translation?

Pm me if you want this.

Cya

https://bitcointalk.org/index.php?topic=1543861.new#new

Thank you chocobo !

Free bump for scam dev!

He's not deleting the Clams info, so maybe the thread is a ruse to get Clams traffic?

Hello barwizi.   

Thanks chocobo. I admit I am a general fund member and I confess I never kept up or interacted with the Noir group as I should have, but I also know there went months with no email contact and I only ever got 1 payout from the BTC mining rig op, I pretty much lost interest and moved on to other things and the few times I did check in it seemed a lot of drama and in-fighting. It is sad to see that the architect of the project was using it for his own ends.

Thanks guys.


No they are different people. 

Any evidence this "Logan" was in fact not Barwizi?

I dropped this


in his thread twice and he's insta deleted it.

Just keep dropping this link and he can't scam anyone.

His new project is a definite scam, he admits it in the details. I for one will steer clear of this guy. Thanks for the good work and protecting fellow users.

Good work, as you can see by my first post in his "coin to rule them All" thread, it looked like a scam from the beginning.

Seems he doesn't like this thread and deletes you warning post. Big surprise. I recommending spamming his moderated thread with this link and pming those he's trying to take in with this link as well. As well as the coins he posted in to suck other coins holders in.

I haven't been hurt from this so I'm gone.

good job and good luck.

Excellent work, chocobo.

Sorry to those who got taken by this Barwizi scumbag.

Thank you Chocobo for doing all this research. Finally you nailed it.
Barwizi is a fraudster.

Ouch...just can say i'm shoked...

I have finished reviewing the finances of NG. Logan, the current CFO of NG, has been missing for quite some time now and I finally decided to just do his job for him. I only wish I had done it sooner. Simply put there is a lot of money missing.

First, let me share with you all of the accounting documents I received from the group as well as the NG officer board Skype chat.




I believe that investors were told the same in a newsletter. Barwizi stated to me earlier that all of the GF went to the miners. Obviously this wasn't true.




He has not located root_1 yet, or found his stack exchange account. He says this information was on a hard drive that needs to be recovered. The amount root_1 was paid is suspiciously close to the 80k barwizi paid himself. The 79.2k NRS root_1 was paid was worth about 10.488 BTC on the dates of his payments and corresponds heavily to a dump on poloniex around that time. root_1 was paid a ridiculous amount for the work he did.

Another gaping hole in barwizi's accounting is a period around the launch of NRS that he sold premine NRS for .00085-.001 BTC per NRS. Here is proof that it occurred:




This really bothered me. He didn't even try to deny that he made that much BTC selling parts of the premine. He also claimed NG wasn't around yet. It was, and there are about 4 threads that document it. Makes me think he sold more than 43k NRS.

Later on he tells Logan this:


Discounted? More like far above the all time high.

Next up is the accounting of the mining operation. Here are the only addresses I found that were mined to:




The total BTC mined to these addresses is 10.42958901. Far below the estimated 32.9448 BTC they should have mined. How much of this BTC have investors received? The total NRS payed out to investors as a whole was 7851.104578454333 NRS, which likely cost around 1.3 BTC to acquire around the time of the payouts. Barwizi made a document that attempted to explain where this BTC went. The document is at the top of this post, it is the one titled 'BTC accounting.xslx'. This document is riddled with flaws and inconsistencies. The first being the cost of the multipool. It really cost 3 BTC, not 3.5 BTC. Here are the transactions to the company NG hired:




As you can see barwizi reimbursed himself in two payments here. The first being 3 BTC for the duty on the miners. Interestingly enough this is the third time he is reimbursed for duty. The first being when he decided the remaining 17.86287885850416 BTC worth of assets in the GF were his (about 3x the 6.5 BTC cost of duty, even though that price of the duty has not been proven). The second being a 0.57 BTC share added to his name on the registry noted 'Customs'. The third being the massive amount of BTC he made off of the premine. Then there is the row 'Partial re-inbursment of Costs' where he pays himself 2 BTC more for whatever reason.

On the launch of Cure Coin barwizi switched the miners to a pool that was mining curecoin. He claims to have left the coins on there instead of doing an auto-payout (rookie mistake...too rookie) and before he went to withdrawal the pool owners ran with the coin.




To get 20 BTC worth of curecoin the miners would have had to been running for quite sometime. During this time he wouldn't even ask an officer to withdraw these coins or at least keep an eye on the operation? It is very hard to believe. Especially when you see officers asking for control of the miners several times in the board chat. This stubbornness to keep the operation in his own hands after having the miners down 2/3rd's of the time only reinforces the idea that he was using the miners for himself. It is either that or gross mismanagement after receiving our near 50 BTC in investments.

Here is the pastebin of me confronting barwizi over all this missing money:












A few things about this last quote. A github paid account is $7 a month. We didn't even have one the whole time. The servers were not for a greater part of the year, as NG hasn't been around for a year. As for the servers and the forum, they are inexpensive and I know one of them is paid for by an officer. This 'justification' should make you sick. Barwizi likely ended up with AT LEAST 50-100 BTC that should of belonged to the GF. With the NRS price after a month the GF would have been very well off and able to fund actual projects.

This conversation was had before I finished my accounting, so some of the numbers were not figured out. The numbers I posted here are more accurate.


Barwizi has had months to prove expenses, and try and justify all of this. The fact of the matter is than even if there were 20 BTC of legit expenses that I didn't find he still took a TON of BTC from us. I don't even feel like looking at what these funds were worth when NRS held a 30k sats price. He lied to us as investors. A 'ground-breaking' feature was always two weeks away. While we bought in anticipation he dumped on us. You may have seen my disappointment in the quality of work done by our officers. Now that I reviewed all of this I realized that he contributed to their failure by keeping the funds away from them and in the dark as far as development goes. The officers failed, no doubt, but they tried.

I will be stepping down from COO. Don't worry, I was never paid and will never accept payment. I really didn't start working until a month ago, and most of my time was spent working up a redesign/relaunch for NRB and NRS as well as a full marketing plan. My work was ruined when barwizi decided to announce a merge without so much as asking me. He did this because he wasn't capable of developing a feature we planned for NRB. It is a shame this didn't work, I was very excited to work on a decentralized company, and my next order of business was to COMPLETELY re-brand NRS. I was going to make it simple. I also had my brother help barwizi program for free, and was going to bring on a second programmer/web designer. These two are good, they could have done the code barwizi couldn't.

If you are not aware barwizi launched a side project today:

https://bitcointalksearch.org/topic/notice-project-x-come-join-the-movement-791338

He launches this while Noirshares is in between a blockchain swap and in shambles. You can't even trade the new NRB/NRS because the markets are on the old chain. His new project really pissed me off today. Here is what he had to say:


With the amount of BTC he took I sure hope he feels some obligation to deliver on his promises to us.