Topic: Emiswap holding my tokens hostage and trying to extort me (Read 317 times)

So they are keeping the tokens I bought plus the vested tokens I bought in their original ICO. Not doing business with Russians ever again. Every Russian ICO I ever bought into ended up being a scam. Scummy people those Russians.

Here is an update... So the remaining tokens unlocked in my emiswap account and they have since switched to polygon/matic. I withdrew my token and they did not show up on matic (probably because they locked my mainnet wallet). I contacted their support and they never even replied to me. My tokens and investment of 3 eth have simply been stolen by these thieves.

I KNOW they have seen this thread and their lack of willingness to reply and address these issues is even more telling. I hope they get what is coming to them...

They never did release my wallet so even the eth I invested is locked. They are thieves. DO NOT DEAL WITH THEM!!!

Yeah its ESW

Holy shit, that's an absolutely horrible thing to do in the world of crypto--seriously.  This is supposed to be a decentralized exchange?  Yeah, I'd call it a scam too.  I missed this thread when Plastick started it, but I'm finding it intriguing now that I'm reading through it.

That might be true, but I wouldn't count on such efficient enforcement of the law if I were you, but I'd file the lawsuit anyway.  You got scammed, and if you don't mind making all of this information public (and I mean very public; the US government would know what you're involved with) it's the right thing to do.  I'm not familiar with Emiswap or their token.  Is there a lot of money involved here?  I'll understand if you don't want to answer that.

What's the ticker symbol of the token?  I want to look it up on coinmarketcap if it's there. **Edit: Is it ESW by any chance?**

Their token value just keeps dropping because of the crap they are doing to people. They are offering no services to anyone, just a money grab.

If this is the sort of thing they do to people, I don't see their token ever having value.

That's a sad and devastating thing to happen, I hope that you will be able to find a way to solve the problem OP because having your tokens taken as hostage is probably the worst thing that can happen to anyone especially if the token has some potential and the creators want to profit themselves when the prices go up.

It seems someting like centralized which is similar to sec. As sec check either there is any manipulation or not. But yet on the sec there is no law to take money back from the buyer or seller. They may take action only for those who have a part if the manipulations.

Lol after uniswap there are a lot of decentralize exchanges with the domain name swap. Many of them just come in the market to steal people money. And everyday we heard of hacking exchange most of them are decentralize exchange. Don't know actually the project team just steal money or really they got victim of hacking. To be honest are already taken this as normal and go to use those exchanges despite knowing the risk.

Yeah they are dirty greasy criminals. They flat out lied to me a number of times and anytime anyone has a problem they are quick to tell you to DM them rather than talk about it in the channel. If you keep talking in the channel they are quick to ban you, accusing you of FUD. IT'S NOT FUD WHEN IT'S TRUE.

They even threatened and lied and said just anything to get me to remove this post. My wallet is still locked, I won't be removing anything.

I am pretty sure none of them are smart enough to do what they say they are going to do. Scammers are never very smart... If they were they wouldn't need to scam people out of money. They were already hacked once for being stupid, just a matter of time before it happens again.

I have 2 years to file a lawsuit against the main dev. In the USA if the defendant doesn't show up for court you win by default and have a judgement against you. This would mean no more crypto conferences in the USA for him unless he wants to be arrested at the airport.

Their token contract has a blacklist and they can just add your address to prevent you from ever trading it again. I call that a scam.

How you bought this token and where are you holding still I am not getting what is happening with you. I am not well familiar with Decentralized exchange, after you bought a token shouldn't it be at your address? So how and where they are holding your token? If they could hold your token then how the platform is Decentralized? Getting hard to understand this case. This is a fucking reason to hold tokens. My token I can and should sell at any time I want. Doesn't matter what is the current price. The decentralized system doesn't work like this. This is obvious scammy behavior.

oh no, about this f*ckin exchange again.

I've protested this project a lot. Full of dirty and unfair efforts from their side and it has been done blatantly. They only and always worry about one thing, "price dumping".
For their current reason of manipulation, they're actually accusing themselves. Look at what happened in the past:

So I tried making a second telegram account to talk to others on the dev team and they are all banning me for asking too. This is supposed to be a decentralized governance token, they should not be able to pick and choose who governs it. They should never ban any hodler from chat just because they don't like what they are saying. Aside from that I broke no rules, ever. They just want me swept under the carper. I can say with some confidence the project is a scam.

Tricks like this are what discourage me from investing in a new swap platform...

I also had a bad experience on pulsar, at that time I bought their LP at a fairly high price then the token price fell by 90% and I questioned the cause on telegram but they immediately kicked me. just stop fighting in that defi scam, if you want to invest better in pancakes or biswap only.

The emiswap mods and devs have this nasty habit of deleting their chats, good thing I save them frequently. Yesterday the head dev, "grigory rybalchenko" Said he would unlock my tokens. Today that part of our chat is deleted and he isnt responding. Also noticed his linkedin from the emiswap site is now gone. These guys know they are doing wrong. Totally greasy, everything they say is a lie and they can't say a single sentence without being a hypocrite.

I know his pics are real though, I have seen him do live video AMA.

And get this.... he claims it was "insider trading" for me to buy as soon as their token was hacked. Then the next thing he says is to let him know before I dump so he can buy the tokens.... Can you believe that? Blockchain is PUBLIC. Anybody can see the price suddenly drop... but asking me to tell him before I sell IS insider trading. What scumbags!

I am going to go file a case at the local courthouse. They probably won't show up for court, and if they don't I will win by default. They will have arrest warrants waiting for them next time they enter the USA. If they DO show up they will end up paying a lot more than I lost, so either way it's a win (and no more blockchain conferences in the USA for them).

This is really a bad job. If a trader buys a token from the market after the price has gone dip, then locking that trader's fund or token can in no way be a good intention of a platform. I don't think the team expected a trader like you to buy a token of a large amount during a dump. So from the moment they realize that they want the site out of the holder list in various ways. So if you have more evidence, attach them here, it will create an idea among the people about this platform.

My conversation with Cheshire Fox, their telegram mod

1 August 2021

02:50
Cheshire Fox
Hey

02:50
Let’s chat here

02:51
Me
why

02:51
i think everybody should hear this conversation

02:52
Cheshire Fox
Cause it’s your personal case

02:52
Me
people should know that you are doing this to me

02:53
Cheshire Fox
They already know and they are on the side of the project

02:53
Me
unlock my tokens

02:53
Cheshire Fox
I understand your point as a trader, but I cannot understand it from the side of the project and the community

02:54
Me
am i going to have to go file in court tomorrow?

02:54
Cheshire Fox
Nope

02:54
Why?

02:54
Me
you are singling me out for a mistake you guys made on your end i didnt do anything

02:55
and its not manipulation... not me anyway. its no more manipulation than you buying back your own token

02:55
suck it up buttercup

02:55
youre in damage control mode right now and youre not doing it very well

02:58
im angry just so you know. I dont like my money being held against my will. if i wanted that i would be trding in stocks and usd not crypto

02:59
Cheshire Fox
Dude, you used the situation of price drop to buy a lot of tokens at an extremely low price. At this moment you can easily sell everything you bought to drop the price. This will be market manipulation

02:59
Me
no it wouldnt be

03:00
it would drop the token sure but its not manipulation

03:00
if you want to buyback tokens then do it

03:00
you can consider my dump part of your buyback. mathematically the price will be the same as it was before

03:01
if i hadnt bought them you would have anyway

03:01
it all comes out the same

03:02
so yeah locking my tokens is manipulation ONE YOUR END

03:02
me selling them IS NOT MANIPULATION

03:02
you are being a hypocrite. unlock my tokens

03:02
im not going to let you gaslight me into accepting this

03:03
and im mad thats what you are doing

03:03
its an insult and I am not happy about it

03:03
Cheshire Fox
Dude, you have two options

03:03
Me
no, you have 2 options

03:03
unlock my account or i go to the courthouse tomorrow and file a suit against you from the USA

03:04
Cheshire Fox
You can sell the tokens you purchased OTC to us at the price you used to by them

03:04
Me
hah that aint happening

03:04
Cheshire Fox
In reply to this message
Wow, here’s how it going

03:04
In reply to this message
ok

03:04
Me
youre not going to hold them hostage

This happened yesterday. What you are referring to is inaccurate balances appearing on the site. I don't think it's related. Someone was able to mint over 5 million tokens. Emiswap claimed in their telegram channel it was because of bad oracle code. So 5 million tokens were dumped but they did a quick buyback so you can't see it in the charts (also this is happening on emiswap, so not sure emiswap prices are listed at coincodex yet). You can see the hackers wallet here, he got away with about 30 eth. https://etherscan.io/address/0x3baaad97e6c738024080521f8fd9e92e28d744f8

Anyway apparently all my tokens were locked (even thousands of dollars worth of tokens I bought in the presale) because I bought after the dump. They refuse to unlock my tokens until I sell them back for cheap. It's extortion. First I was told they would never be unlocked until I sell them back cheap.  They also threatened me and said the more I post about this the worst things will be for me, which is silly because I have nothing more to lose now and I think everyone should know what is happening there. It looks like everyone else is able to trade, but I still can't so obviously I have been singled out.

Here is what the mod said in the channel. When she said "only yours" she was referring to the fact that only my tokens are blocked. Notice how she says that then in the very next message says they don't want price manipulated. Hypocrite much?


I showed them this thread when I posted it, and they said they will look into it in 24 hours (that was about 16 hours ago and I still cant trade).  I have saved conversations with them about this. If it's not resolved I will post those too.

Is this the exchange you are talking about: https://emiswap.com/ ?
I googled the name but couldn't find anything regarding the hack. Also, I took a look at the price chart fir the last 7 days and I don't see any significant drop during this period!
https://coincodex.com/crypto/emiswap/?period=7D

However, I found this in their twitter: Is this what you meant by a hack? and can you please provide more information about what happened exactly and when and provide some evidences like chat logs?

Thank you for posting here to inform the community about the fact. But you have provided very low information for what people can check either you are on the right side or not. In this case it will be better if you post enough evidence on here so that everyone can check and decide what to do.

Emiswap (supposedly a 'decentralized' exchange) got hacked and their token value dropped. I bought some for cheap and they have now locked my tokens saying it is "manipulation". Their channel mod says they will hold my tokens hostage until I sell them back to them for what I paid. That IS manipulation. Hypocrites trying to extort me. They also banned me from their telegram channel to sweep me under the rug (even though I broke no chat rules). Scam!!