Centra Founders Arrested | Bitcointalksearch.org

GlassPod

newbie

Activity: 7

Merit: 0

Quote from: pushups44 on April 03, 2018, 02:35:35 AM

I was just banned from Telegram for criticizing the founders for using fake profiles on the website. Breaking news: Centra Tech is banning people who tell others the truth on their Telegram.

Would love to talk with you about this. I'm researching Centra Tech for an upcoming investigative series.

omozie

jr. member

Activity: 30

Merit: 1

The arrest of the founders really did alot of damage to the market value of the centra token. Since they have a working product, i wonder how it will now turn into. Maybe a company will buy it off just as coincheck was bought by monex

unisilver

sr. member

Activity: 378

Merit: 250

Quote from: ?? on ??

The us regulation of ico has begun to work!

Many fake ico projects will ban the government and effectively protect the interests of investors!

This will enable more excellent ico projects to invest in investors and promote the prosperity of the market!

That was a good news, because of the fake ICO's many investors already doubting the project. Hope the government who already acknowledge BTC in their country would be able to move forward and produce legit project for the investors who are willing to invest.

fosco333

full member

Activity: 1260

Merit: 100

Quote from: pushups44 on April 03, 2018, 12:43:38 AM

Any thoughts about this Cointelegraph article?

https://cointelegraph.com/news/sec-busts-fraudulent-ico-endorsed-by-floyd-mayweather-founders-defrauded-32-mln

I thought it was repulsive for Centra to create fake profiles and biographies to promote their ICO, but from what I saw it looked like the company had turned things around and was becoming legitimate. Supposedly they have a live product now and have been issuing cards. What do you guys think?

Is Centra done? Is a dead cat bounce in sight? Can the company bounce back?

This is big news.

i didn't believe it. the ICO project that collected $32mil turned into fake and scam project?
what about the investor that contributed on Centra ICO's ? is it refund back ?

pushups44

sr. member

Activity: 854

Merit: 281

Right now the token price is below .07 cents. This is a stunning drop. No amount of banning at the Telegram will hide the truth from investors. I'm glad I sold.

paramex

newbie

Activity: 182

Merit: 0

from my point of view, this news is very worrying ICO Centra has been successful, hopefully, there is a way out for investors who are stuck in a very expensive or high price. and also This incident made the ICO name slightly worse or shaken.

Apex Investments

newbie

Activity: 51

Merit: 0

Yes, sell this one if you are holding it. Generally when the founders of the company are arrested it is a bad sign.

Agree with other posters that celebrity endorsers take a big reputational risk by backing crypto ICOs.

There is also a legal risk if they are selling an unlicensed security.

As it stands now there isn't a reason for a company not to go through the SEC process here. Companies in this space just need to bite the bullet and hire a lawyer to abide by SEC regulations when doing an ICO since nothing justifies doing 3-5 for securities fraud. The SEC is clear that these are all securities so it doesn't make any sense not to do this the right way.

It's a big red flag when companies say they aren't subject to the SEC. The founders of this company also have had legal trouble in the past. This is a bad deal for all parties involved but the red flags were waving vigorously with this one and people chose to ignore it.

bitcoinvestor

hero member

Activity: 812

Merit: 501

Quote from: nskendrovic on April 03, 2018, 05:14:18 AM

Saw it drop more than 60% in the morning on Binance and was searching for the reason for such a big drop then came across the founders getting busted by the SEC. With the amount of scams happening in the ICO world its about time the SEC started doing something about it.

I never interested in Centra. It was detected that centra is scam when it launches ICO in 2017. Now the founder is arrested. That is a good news for ICO investors to be careful with ICO that offer card issue. Wavescrest the partner of visa have halt cryptocurrency service. If there are new ICO like Centra that offer card Issue, I think you should avoid the kind of fake projects. I usually use visa VCC service via shakepay.co. Since wavecrest halt the service , I can't use my VCC to shop. Now I 'd better withdraw via atm service in my country.

ndico

member

Activity: 280

Merit: 10

better Days Ahead...

Yeah... I read the news, SEC arrested them for selling security tokens which the SEC is against and because of that, exchanges threaten delisting them and the price went down as low as -90% on bianance. I just hope they resolve because I have their tokens.

Teraboy

hero member

Activity: 2282

Merit: 505

Quote from: Alohadanc3 on April 03, 2018, 01:26:01 PM

First I read it on some online site.I just couldn't believe it.Then Binance announced it.It is a very sad news.Founders arrested.So at this time its hard to bounce back for them.
but centra have a live project so maybe there's a chance on a long hold.Maybe.But what centra did is a real shame for all icos.Let's see what happen with them in future.
And yeah this is my one of the worst investment.

Centra token already died and RIP ctr token. binance's delisting news give a significant impact to the centra. I know that binance gives a vast daily trade volume to the centra token. It will never bounce back again.
Not sure if the centra project can deliver the product because US authorities will automatically seize all of the funds. I glad to sell all of my CTR when it cost $3 for each ctr token.

cryptopusa

member

Activity: 224

Merit: 11

Quote from: Aum Ram on April 03, 2018, 07:07:39 PM

I was participated in the bounty of this project. These scammers did not pay me anything. I'm very glad that they now have problems. I think that they deserve it.

Well i guess they have received their karmas all at once,scammers shouldnt be given a chance to live they should all die with hangging or lethal injection so that less people will try to do the same thing,or to follow their footsteps because these people are stealing hard earned money from the most of the investors!

Aum Ram

sr. member

Activity: 644

Merit: 252

I was participated in the bounty of this project. These scammers did not pay me anything. I'm very glad that they now have problems. I think that they deserve it.

cryptotitan

member

Activity: 210

Merit: 10

They deserved to be punished,the SEC has indeed doing their job very well to prevent these scammers in the future,we need more like this! do protect the citizens of america to these fraudsters so that there will be less damages from people's lives! never let anyone to get your hard earned money in an instant always be vigillant so that you wont get scammed by these shit people!

nakamote

member

Activity: 210

Merit: 10

WINSTARS - We are changing the face of gambling

Scammers deserved to be incarcerated so these no one will follow their footsteps! these scams shouldnt be tolerated that is why we need to check the background of the team behind the ICO so that we can prevent events like this! if you did your own research before investing you could avoid these type of coins which doesnt have any good development at all.

cryptomema

member

Activity: 224

Merit: 12

This might be the end of centra coin,that is why its price is getting dump today most of the people knows that it must be dumped immediately just to be safe from the potential losses few hours from when this news has come out,floyd should be arrested too because he was an instrument to promote this scam to the people !

arbitro

sr. member

Activity: 294

Merit: 250

Quote from: explosion on April 03, 2018, 01:58:19 PM

Well, everyone here discusses the bottlenecks of the project, someone even mentions Mayweather, but just if to be sober: which project is secured in the cryptomarket? Nobody can give guarantees as for any project in it. Maybe, Centra was only the first one...

They're going for the most obvious and public scams. Centra wont be the last. Thats why its so important to do your due diligence with each project, specially for projects from the US.

explosion

full member

Activity: 420

Merit: 100

Well, everyone here discusses the bottlenecks of the project, someone even mentions Mayweather, but just if to be sober: which project is secured in the cryptomarket? Nobody can give guarantees as for any project in it. Maybe, Centra was only the first one...

donalfonso

jr. member

Activity: 154

Merit: 1

Well this is news that we will be watching, the moment I saw their romance with certain celebrities. I knew all eyes regulatory etc. will be on them, now this. Lets see how it goes then.

bulldog87

newbie

Activity: 6

Merit: 0

Gate.IO paused trading this morning and Binance released a notice saying they were looking into the matter. Its hard to tell how serious this is, Binance says they will a 72 hour notice before de-listing. Huh

johnyespapa

member

Activity: 257

Merit: 11

So this is the reason of the sudden drop of centra's price,which is very bad for those investors from the past who are holding most of the coins they bought from its ICO,i pitty those people who got fooled by these scammers,even though they didnt scam people the fact that the founders didnt use their idenitity people still received what they have deserved,those people who dump it earlier wont have any problem for sure.

Topic: Centra Founders Arrested (Read 537 times)