Topic: Big scam at Waves Decentralized Exchange platform (Read 5106 times)

Waves is not the scam. They are an easy to use DEX and have verified and unverified assets. LPOS also is a great concept.

They are also one of the easiest platforms to make asset tokens on. I know of many valid and useful applications of asset tokens on there.

Unverified bitcoin and ethereum (and other) tokens are a known scam on the waves platform. These scams are run by scammers and not waves.

Anybody can create bitcoin token on the platform - the fraud occurs when the person who made the asset refuses to exchange them back for bitcoin.

Just like with USDT. Tethers are exchanged for US$. The fraud occurs if they refuse to exchange them back.
https://modernconsensus.com/cryptocurrencies/bitcoin/bitfinex-tether-investigation/

JWC is a sacm

I know this is an old thread but hopefully it will be revived! I wanted to take part in the waves airdrop, which looked pretty normal. I went on the Waves platform took screenshots sent them to the support people who verified everything. The next day I went to check my balance and it was all gone except for 0.0009
So I contacted the most likely scam artists support people at Waves and asked why that happened. They sent the usual bulxxxt reasons it could possibly happen and I got the horrible feeling that the whole thing is a scam and there was no hacker getting into my account info.
Instead the hackers were inside people, most likely the creepy guy who replied to all my messages within a minute, highly unusual for any busy real crypto exchange.

STAY AWAY FROM WAVES IT'S A DEFINITE SCAM AND RUN BY THE WAVES PEOPLE THEMSELVES. THEY SHOULD BE LOCKED UP BY TRUMP!!!!!

Sick why dont they just stop this crap?

just block the name and block the asset.

I think that maybe the project of DEX has some issues but the problem for this generalized low price is also the dex itself!
It's not user friendly and there hundreds of dead tokens. I didn't see any waves asset with big volume!

If he allows to use his platform to scam others = criminal activities, then this makes him liable based on criminal and civil laws.


You can only sue someone you know and if you are not able to find out who he is or who scammed you then you can not sue anyone.

You can file a complaint at your local police and if you are lucky they will investigate a little bit and maybe find some traces that lead to the operator of the website.

However, based on my experience the police has not much interest to spend their resources in such cases, especially if the total damage is low.

By the way I am very confused with this so called waves platform.

What sort of coin we can transfer in and out of this so called platform? Only BTC and waves? So all the other coins cannot leave the exchange or what?

I am thinking of buying

https://coinmarketcap.com/assets/coexistcoin/#BTC

Also another problem is in most platform, say nova, each coin has a code. Usually 3 letter. So there is only one currency whose symbol is LTC. Wave Platform doesn't even have that.

waves has given back so much to the community( via waves community token, mobile go, waves go, Ripto Bux, Miners rewards, etc.) for keeping waves in the wallet, i probly gained at least 20% profit. i sold most of these free coins on other exchanges and got handsome profit.
ppl have no clue what they are talking about. any little mistake they'r quck to call a scam.  ethereum's DAO cost me money but i understand this crypto world is still new and ppl will make mistakes. its obvious
waves is 100% not a scam coin. that fake asset token on waves platform is made by ppl trying to scam ppl and not the waves team. isnt that obvious?

Right but the scam in crpyto currency is coming often from the controllers not the end users, perfect case is this bugged out scam site waves which has some very serious issues.  Look at this category only. hundreds of coins and ICO's and million dollar funraising for sites and business plans that have no chance of even turning a profit.

Did you read the post you idiot.  You are talking about something totally different. Obviously there is a fee but unlike other site that take the fee out the trade, this site doesn't, and not only that it doesn't allow you to buy it either because you need the same currency you are trying to buy to actually buy it.

For the idiot like yourself,  that's like trying to buy USD when you land in a new country but you need USD to make the purchase.

For a trading site that is a very serious "oops"

The point I was making is this is how they scam people because it costs .001 BTC to withdraw your funds after you figure this out.  So a miner who wants to trade off $25 can't and by the time he withdraws it he pays a $3-$4 plus more mining fees.

It is all about human nature...as they say when the cat is away the mouse will play or is the other way around? Anyway, when there are no clear regulations (or shall we say parameters) there is a big chance that things would be just mixing up irregularly. In other words, people can be abusive when they know they can get away with it.

This is a clear situation when a little control has to be establish for the sake of avoiding anybody taking advantage of potential victims. We should be desiring a self-regulation system in order to protect buyers from sellers who are scam-minded otherwise we will have a big problem and reputations can be damaged.

It has tricked me in the beginning I know bitcoin.
Tried this but his results were no my money wasted "without leaving.
For those of you who have posted here thank you for giving me hope that everyone who read your writing do not get fooled by a site that is not clear.

The entire waves platform is a snake hiding in the grass.  As I said I in my other post, not an outright scam but has the same genetic make up. Instead of flat out scamming these sites use creative bugs and hidden features and purposely left out docs that in the end have the same effect as a scam.

Just look at the damage control and promotion posts from people with 4 posts..  All these new russian ID's and a few posts later they have elaborate white papers and reasons why you should trade here. Its a all fucking scam like the DAO. Another non working app that was poorly thought out and quickly implemented and they are saying the same things as the DAO scammers. That this is just experimental and you should read how to use it and the risks.

Another signs of a scam is to follow the listings there. Like mny and co eval.  Both of these are being promoted by the same type of people and both have suffered tremendous losses under this platform.

Waves is a scam, the assets under it are a scam and the people you see with follow ups and promotions are all part of it.

It seems the entire life cycle of these forums is to indentify scams, watch the complains and comments of losts funds that range anywhere from a few $$ to a hundreds of millions and the defend yourself from the
russian terrorists and other scum promoters.

Have same after try trade. SCAM!

What i would advise is to make a popup that states:

1) this is not the official coin

2) There are XX other coins with this name, are you sure this is the right one you wish to buy?

ummm you need Bitcoin to send Bitcoin, that's called a fee, and you need ETH to send ETH, it's called gas. All operations on this blockchain require a fee, just like any other...do you even know what a blockchain is?

lol can't believe the level of autism in this thread. Complete dumbasses. This is an advanced open source crypto software in alpha stage, if you aren't aware of the risks that entails then go back to paypal and stop being an unsophisticated investor.

DEX legit asset is ticked with green mark. Everyone can create the same name token asset however you as trader should read first guidance how to trade at dex. Only green ticked is veified asset. In this case, the developers has nothing to do witn the other fake bitcoin. IF you can proof the the admin create fake bitcoin asset you can bring the proof who is the developer was involved. HOpe waves dev will solve this issue.

Do you have anything to add or are you just another ICO spamming loser with one liners.

Let's not make excuses for owners who run financial tools in the millions and don't have the most basic things worked out. This is another project that has the makings of a DAO. Too many bugs and the obvious little things are not worked out.  I searched and there are hundreds of posts saying the that they have the Error and that they didn't know you need waves to trade and that you can't buy waves even if you have a balance. Most people would not except something as stupid from a trading site, but even after people acquire the waves they still have the error because now the next bug is is in play, the 1+ purchase rule.
So even if want to buy ethereum I have to spend at least $250. God forbid I want to buy a bitcoin, then I need $3000, this makes any deposit just a victim to your fees and the insecurity of the platform, a big waste of time and a nice fee over to shit site.