Topic: BIKI Scam: How BIKI collaborated with MOM (mtcn) to SCAM its traders/investors (Read 237 times)
July 12, 2020, 08:15:09 AM
If this is true, then they should refund the money of those traders that accumulate tokens from other exchanges. Why would they freeze it in spite of their ex-employee have those tokens sell on those market? They better not say this is a technical glitch or should have been locked. Still those locked accounts or tokens should not be used anymore but they will pay those who bought in based on their purchased price. In anyway, I dont think traders fan win on an exchange that is highly have support from a lot of companies.
July 11, 2020, 08:49:15 AM
I have heard bad news from this MTCN MOM project, but have never looked for a direct cause, until now seeing all this evidence, Biki as well as in their game. Biki has had good support as long I use it, but this is a minus value.
July 05, 2020, 11:46:02 AM
I don't understand why exchange will support a project to freeze accounts without any proper investigation who the account belong to, I think they should be able to verify this by the information provided so they can unfreeze the account of those who are not ex-employess,
And how do they allow ex-employees account trading without restrictions, since 2018 and now they realize this account are unlocked, very strange,
I hope they find a solution for you guys eventually.
And how do they allow ex-employees account trading without restrictions, since 2018 and now they realize this account are unlocked, very strange,
I hope they find a solution for you guys eventually.
Its shocking . Can believe BIKI can be a party to such subtle fraud
July 05, 2020, 07:35:10 AM
I don't understand why exchange will support a project to freeze accounts without any proper investigation who the account belong to, I think they should be able to verify this by the information provided so they can unfreeze the account of those who are not ex-employess,
And how do they allow ex-employees account trading without restrictions, since 2018 and now they realize this account are unlocked, very strange,
I hope they find a solution for you guys eventually.
And how do they allow ex-employees account trading without restrictions, since 2018 and now they realize this account are unlocked, very strange,
I hope they find a solution for you guys eventually.
July 05, 2020, 07:16:43 AM
Evidence of mtcn exchange listings since October 11, 2018: https://ibb.co/RzGnY2R
Even the CEO posted the listing tweet: https://ibb.co/f2ntChh
Finally, Biki has banned me after calling our ceo with proofs: https://ibb.co/T1pqvCt
Dear, crypto lovers and well meaning bitcointalk members, I beg you to spare a minute of your time to look into this issue and advice me on what to do. My heart bleeds
Even the CEO posted the listing tweet: https://ibb.co/f2ntChh
Finally, Biki has banned me after calling our ceo with proofs: https://ibb.co/T1pqvCt
Dear, crypto lovers and well meaning bitcointalk members, I beg you to spare a minute of your time to look into this issue and advice me on what to do. My heart bleeds
July 04, 2020, 02:28:56 PM
I will add more picture evidence from affected traders/investors as we go on
July 04, 2020, 01:10:57 PM
Good day guys, this might be a bit long but I had to painstakingly write this. We always hear about transparency of most projects and most exchanges, but it looks like that is fading away especially for upcoming exchanges.
I'm here today because of a shady deal between Biki exchange and a project Mom.market (MTCN)
It goes this way, MTCN is an old project which had airdrop and bounty (if my memory serves me right, 2018), which were of course paid. It traded on several exchanges like Idex, P2PB2B and Dobi, users were trading (although not much because of what was presumed the negligence of the team) before their platform was launched late 2019 which makes it possible for users to buy goods with the MTCN token, and to buy goods you need a certain number of the token wherein some will be locked by smart contracts.
The token was later delisted from other exchanges and was left with Idex, and all these years the project has been struggling on Idex exchange there were series of issues ranging from goods staying a long time (more than 30 days) before dispatch to buying of tokens on Idex.
However, on 23rd June it got listed on Biki exchange and all the early supporters who sent their token to Biki exchange had their accounts FROZEN.
On contacting the Biki team, they were asked to send series of documents despite being KYC verified, which were sent and yet the accounts remained frozen on the grounds their tokens (from bounty, airdrop and exchanges) which they have been using to buy goods on the platform all this years while were from ex-employees of the project (according to Peter); does this really make sense?
The screenshot below is the Biki CEO response after some days.
And the screenshot below is the MTCN CEO response on 3rd July.
From this, something doesn't add up; that is, why wasn't the ex-employees tokens locked beforehand but was left trading on exchanges since 2018?
Why weren't trading suspended on those exchanges since 2018 when it was realized those tokens weren't locked?
When the CEO (Peter) found out their token were unlocked, why didn't he do anything about it like token swapping before listing on a new exchange?
But he kept mum, encouraged everyone to keep buying to support the platform and boom freezes their account when it was time to reap their rewards.
That's not all, also, bounty hunters had theirs frozen as well, other users who bought or ever traded MTCN on Idex, Dobi, P2PB2B, of course had their accounts frozen on the same grounds that is, the tokens bought from those exchanges were also from ex-employees wallet, despite the fact the transaction ID is transparent and points to different exchanges.
So it means that it was a crime trading MTCN all this years.
It was also a crime using MTCN to pay for goods on the same platform, because there is no other way to purchase the token except on Idex.
Biki on the other hand, went ahead to lock users accounts without carrying out appropriate security check. First they claimed the accounts violated their conduct (probably by selling early) then Peter said those accounts where red flagged because they were from ex-employees; these statements looks contradictory.
That's not all, Peter claimed to have evidence that these tokens were from ex-employees, but refuses to present any. Also, he claims that ex-employees tokens were to be locked but nothing of that nature is in the whitepaper, because if it were to be true, the tokens would have been locked right from the beginning.
Biki on the other hand, then reverses all trades made on those frozen accounts while still leaving the accounts locked, this is found in Peter's statement.
Biki CEO has refused to say anything about Peter's statement, thus the reason for bringing the issue here for the community to judge and say who is wrong and who is right.
Is it the users who have been supporting the project all this years and their reward is locked asset or the Multiven CEO or Biki CEO which of course should be held accountable for violating users right, first locking their accounts then reversing their trades.
Below is also the requirements to unlock their accounts,
even the best exchanges has never requested for such...
Finally, I need help with directives on how to sue Biki or report them to relevant authorities for Freezing my account, locking my tokens and reversing my trades. Please I need esteemed Bitcointalk community members to wade in on this and advice me appropriately. I am terriblly hurt!
Pictures below
1. BIKI wanted us to provide all these documents after freezing our accounts: https://ibb.co/2NQj4T9
2. BIKI CEO announcement after we provided the requested documents: https://ibb.co/pZgcw90
3. Mom.market CEO announcement : https://ibb.co/XD5FZ8w
4. Evidence of some community members trade since 2018 on IDEX: https://ibb.co/YWsQ9Vg
I'm here today because of a shady deal between Biki exchange and a project Mom.market (MTCN)
It goes this way, MTCN is an old project which had airdrop and bounty (if my memory serves me right, 2018), which were of course paid. It traded on several exchanges like Idex, P2PB2B and Dobi, users were trading (although not much because of what was presumed the negligence of the team) before their platform was launched late 2019 which makes it possible for users to buy goods with the MTCN token, and to buy goods you need a certain number of the token wherein some will be locked by smart contracts.
The token was later delisted from other exchanges and was left with Idex, and all these years the project has been struggling on Idex exchange there were series of issues ranging from goods staying a long time (more than 30 days) before dispatch to buying of tokens on Idex.
However, on 23rd June it got listed on Biki exchange and all the early supporters who sent their token to Biki exchange had their accounts FROZEN.
On contacting the Biki team, they were asked to send series of documents despite being KYC verified, which were sent and yet the accounts remained frozen on the grounds their tokens (from bounty, airdrop and exchanges) which they have been using to buy goods on the platform all this years while were from ex-employees of the project (according to Peter); does this really make sense?
The screenshot below is the Biki CEO response after some days.
And the screenshot below is the MTCN CEO response on 3rd July.
From this, something doesn't add up; that is, why wasn't the ex-employees tokens locked beforehand but was left trading on exchanges since 2018?
Why weren't trading suspended on those exchanges since 2018 when it was realized those tokens weren't locked?
When the CEO (Peter) found out their token were unlocked, why didn't he do anything about it like token swapping before listing on a new exchange?
But he kept mum, encouraged everyone to keep buying to support the platform and boom freezes their account when it was time to reap their rewards.
That's not all, also, bounty hunters had theirs frozen as well, other users who bought or ever traded MTCN on Idex, Dobi, P2PB2B, of course had their accounts frozen on the same grounds that is, the tokens bought from those exchanges were also from ex-employees wallet, despite the fact the transaction ID is transparent and points to different exchanges.
So it means that it was a crime trading MTCN all this years.
It was also a crime using MTCN to pay for goods on the same platform, because there is no other way to purchase the token except on Idex.
Biki on the other hand, went ahead to lock users accounts without carrying out appropriate security check. First they claimed the accounts violated their conduct (probably by selling early) then Peter said those accounts where red flagged because they were from ex-employees; these statements looks contradictory.
That's not all, Peter claimed to have evidence that these tokens were from ex-employees, but refuses to present any. Also, he claims that ex-employees tokens were to be locked but nothing of that nature is in the whitepaper, because if it were to be true, the tokens would have been locked right from the beginning.
Biki on the other hand, then reverses all trades made on those frozen accounts while still leaving the accounts locked, this is found in Peter's statement.
Biki CEO has refused to say anything about Peter's statement, thus the reason for bringing the issue here for the community to judge and say who is wrong and who is right.
Is it the users who have been supporting the project all this years and their reward is locked asset or the Multiven CEO or Biki CEO which of course should be held accountable for violating users right, first locking their accounts then reversing their trades.
Below is also the requirements to unlock their accounts,
even the best exchanges has never requested for such...
Finally, I need help with directives on how to sue Biki or report them to relevant authorities for Freezing my account, locking my tokens and reversing my trades. Please I need esteemed Bitcointalk community members to wade in on this and advice me appropriately. I am terriblly hurt!
Pictures below
1. BIKI wanted us to provide all these documents after freezing our accounts: https://ibb.co/2NQj4T9
2. BIKI CEO announcement after we provided the requested documents: https://ibb.co/pZgcw90
3. Mom.market CEO announcement : https://ibb.co/XD5FZ8w
4. Evidence of some community members trade since 2018 on IDEX: https://ibb.co/YWsQ9Vg
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