Topic: Eterbase turned out to be a scam! (Read 794 times)

Except talking out of your ass, what proof you have that Eterbase is a scam?

It is very bad that the market has so many scam projects, but regulating bodies are not doing anything to curb it. Crypto projects that seem to be good in the first place turn out to be scam.
One of the example is Eterbase. There are other scam projects I know. One of them is BiteBTC. So stay away from such scam projects.

They say in every rumor, there is always going to be an element of truth, I know we have some mad fellows that would just want to discredit some projects for one personal issue they have, but when you hear about it from different sources, then you have to consider it too and think twice about it.

I have heard of the complain of this company from different people and I would advise that you stay away from them till further notice, there are several exchanges in the market and we have very reputable ones among them that you can use. We have coinbase, we have Kucoin, and we have bittrex, Binance and many more for you to want to risk your coin. If you so care about testing them, then you should start with a very few amount in case the transaction goes bad.

I am still surprised that this topic still exist up to this very moment, when in fact eterbase has a working product until now, but whatever exchange it is, we should be careful enough because it is our funds, and we dont have any control on the minds of the team involved, what we could do maybe is that, never store any funds on the exchanges, just do it on your personal wallet.

I already traded different coins there, and used their fiat gateway (small amounts, just to check if its working) to both send and receive Euros,
it all worked. As anything else in crypto sphere, be cautious, but so far everything worked like a charm for me. Only thing (and they promise
to solve it soon) that is currently lacking is liquidity and lack of some of prominent top 100 currencies like XRP, LTC...promised to be addressed
soon too

Can someone verify the reputation of this exchange site? Im wanna send my token to the eterbase and after seeing this thread and im feeling doubt to do that.
Im feeling confused to see that some people said this can be trusted while others are saying this site was a scam

These are enough reasons why we can't call this project a scam.

The price may have dump but the volume remains to be liquid, price dump is normal in the crypto space as altcoins is not yet fully appreciated and that's why it's hard to see a consistent rise or a recovery.

I don't know what is the ICO price of the project but it started trading at 16 sats and now currently at 19 sats doesn't look scam to me.
Moreover, this is listed in different exchange, if they see this as a scam one, they will surely delist as it will affect their reputation.

I don't think sure ETERBASE will be turned out to be a scam as you said...
This project still under development progress, and then their XBASE BEP-2 just accepted listed on Binance Dex that means their project is legit. (FYI, not every project can be listed on Binance DEX easily, they should pass the Binance team verification first).
Also, one of this forum moderator has been managed their bounty program. is impossible if our moderator wants to manage scam project, it can break he's reputation on this forum...

Reasons why i think eterbase is not a scam
1. Ongoing productivity
2. Listed on exchanges and available  on track apps like blockfolio
3. Better volumes on listed exchanges
4. Its listed on insta swap exchanges like switchdex
I see no proof that this project is scam yet until it actually turn to scam

in fact, 4 phase swaps have been carried out so far.
if this is a scam why do they keep trying to advance the project?

When the cryptocurrency market is increasingly in demand by investors, scammers are always looking for loopholes to cheat. Indeed, we must be careful in investing but with a large enough transaction, hopefully eterbase will not be a scam project

Check the supply and the max supply.. 990b and 1b max supply.. Who couldve dumped a large supply like that and the exchange is only running for a few months.

We never know what the future of the project lies ahead, and when you invest, you don't think that you will loss but you just have to be ready to accept if you loss, that's why you invest only what you can afford to lose.

I thought this was a great project but looking at chart, it seems like it's really going down, it has reach 200 sats and now it's only trading at 20 sats, so there must be something wrong with the project that makes investors loss their trust.

This is very common in crytpo nowadays many project git established run for an year and then exit scam its not surprise at all, if you put your money in crytpo consider it as lost, that's only way you could survive.

Its likely a scam since its having issues on depo and withdrawals.

Its trading at 20 sats and you can see their supporters are dwindling.

Eterbase have better volume of exchanges and its been listed of few swap exchanges ,I still don't believe this project is scam until I see a better prove that it is,there where projects that were falsely accused of been scam in the past that still exist till date

Of course it will be absolutely impossible, first we have to always consider Bitcoin when people make some utterances, no one forces them to look into investment that is other than the original bitcoin, so whatever other investment they are making outside bitcoin should be counted as risk, but among these risks, we have so many risks that are really worth it, not all projects are bad, we have projects like BNB that has even openly declared their identity to the world.

However, we also need to be careful in given in too quick to some scam accusations like that of the OP, I think he is actually getting some things right, because if you check review about this company, you will find out that people are totally disregarding the accusation, there are some accusations that are born out of jealousy and out there to just purposely tarnish the image of the company.

...but they fulfill their minimum 70 characters post requirement

Did you know that the ICO finished months ago and investors already got what they invested for? This thread is now going wild and full of people that didn't even read or do any research.


Lol what? https://bitcointalksearch.org/topic/bountyxbasecmc-6xx-eterbase-exchange-1m-xbasemonth-fbtwtgsig-5137308 In this very thread I clearly stated that bounty reward will be distributed 2 months after the initial start. If you joined in May, you'll get them in July. Why did you speak like you haven't been paid at all?

Its a sad news for you sir! But I think, this thread will be null once the eterbase will protect their users and participants. Anyway, you could find information about eterbase if you will directly question them about their legalities. A lot of signature participants are representing this campaign yet, they do not know that etebase has scam accusation. For OP, if ever it is real. Thanks mate for sharing that accusation. You are a brave man.

It is not only the reason, if there is an intention to run away with collected funds then the team will find the gap and run away. Time will be the main tool for measuring the good and bad projects but only strong hands will be able to see those days in my opinion. Scam projects have a concrete goal: Accumulate money and Run.

there is no reason why they won't give what you earn if they aren't scam. these are all accusations yet. the only thing that isn't going to settle you down is that when they eventually gone and you won't have time to even say fuck to them. but seeing their token is listed on exchanges and had good volume, i'm not quite convince if they are going to disappear quickly. if they distribute your coins, you may earn still.

amazed how big eterbase got now but why choose the warosu.org to publish rather than here in bitcointalk?

i'm into sure how to look at it but its just the PO box address that linked them these so called jeeves to Eterbase. bits of truth perhaps but i'd be the thinking how eterbase become Europe's Premier digital asset exchange and did they really comply with all laws and regulations of the European Union such as GDPR and AMLD4/AMLD5?

this is not their ANN thread but hope to see any can respond.

I don't think ETERBASE is a scam. They are trying to develop and constantly update their exchange information. XBASE is also listed on exchanges. Not enough Eterbase scam allegations.

I don't see that way what channel or group are you in I am part of their group and the manager there is very much active in bringing news to the channel and the group as well

this is their latest pin messages

if this news is true I will immediately provide information to my friends who are now in it.
because I do not want my friends to think of something that is in vain (scam) it is better to look for new coins that are definitely not scam and profitable

I had my doubts on them even from the start. There is lack of communication in there channel, but I will need to hear the official announcement or news.

Surprisingly eterbase is being promoted heavily on the forum by some high ranked members and the coin is doing well on a couple of exchange. It is even listed on coinmarketcap, if truly it is a scam then many people are unaware of it

I participated this project because i trust so much with sapta, our very own staff of this forum, and my support still goes to the project manager and to the eterbase itself, its too early to say its scam or not, when in fact the exchange is now running, please dont get me wrong, i am a strong believer of good humanity, where negativity may have effects, but positive mindset still have a good output, as long as the site becomes dead, i will conclude that it is a scam, but if not, i wont.

Many accusations are made on this forum, it's quit funny when people accuse a project of being scam and it can't be proven, i don't believe eterbase is a scam until you govr a concrete proof here.

i doubt if it will ever be possible to have all projects as scam.

Right bro, since the beginning of this thread was made and tried to understand the statements of the people here, I was a little confused. Even though I know etherbase this is a real project and has a 100% ROI.
Even the OP does not provide actual evidence of what it accuses, well I will try to wait for clearer evidence.

To whoever orchestrating people to keep posting in this thread: you'd be surprised. People keep posting and yet no one's reading my statement:

Well mate, then why are you using Eterbase Signature ?
This is very ironic when you said you don't need any exchange or platform like them but you are participate in their campaign by use their signature. You better do something else than just make FUD of your own task.

I have always had a feeling about this project when i saw it being chased by a whole bunch of people in this forum. It's such a shame that some folks always tarnish crypto in their numerous scam projects that they run. I guess this should serve as a big lesson to most of us who just join any project because so many participants in here might be promoting it.

Time will really tell how far they can survive in the crypto market without having any trouble in terms of legal issues and the likes.
As more and more users will use their platform, we will be hearing feedbacks from them.
And if it is not good, someone will spill the beans and expose their true identities.
Right now, they are building their image so they are still very careful not to ruin their reputation.

Honestly, many aren't taking bitcointalk forum serious again.
So because of their selfish interest called bounty is the reason why they will tag a project as scam?
Funny forum

It's very easy to get on scam today. The situation with Eterbase is strange and ambiguous. At one time I bypassed this project. But I keep watching him. I don't want to think that this is another scam. Time will tell  who was right.

And yet, you're wearing LOTEO signature and fail to find that they did OEO on eterbase exchange, lol. I hope they don't find out,
or they could kick you out of their campaign because you're actually doing exactly opposite of promoting LOTEO

You guys by this stage should be able to identify scam projects,Eterbase you guys called scam have lunched it exchange and it is smoothly ruing with about fifteen coins currently listed in just few days wake up men.

SCAMs are everywhere, unfortunately, we cant guess where scam is, where no.
Many people suppose that TON is a scam, such strong names are there and...

This is not really new in majority of startup projects. With the market is going strong and BTC is having a bull run. Scammers are already taking advantage of it, just like 2017. However, it's really early to conclude that eterbase is a scam unless they closed there exchange and vanished along with the investors money.

There were initial doubts from the beginning and it was overlooked by some and taken into consideration by some

I’m sure well research personnel’s are not having such issue
Always dyor and trade at profit

That post was just an update on the project progress which was a negative one anyway, but it did not state eterbase will exit scam. Finally they've launched and some few coins are trading on it, although personally I'm yet to use it, I don't just try out new exchanges without high reputation.

The negative tag is not a good one for eterbase, the team have to do a whole lot to come out clean and be in the good books, if they are truly genuine they should work so hard to disprove this claim by keeping to their project plan and implementation, I have seen certain projects with such tag that eventually became successful, Bitcoin itself was once tagged such

Can anyone answer why a scam accused exchange will get its token listed and trading with good volume? The only reason I helped promote eterbase was because it never east anytime getting listed ,I still find it hard to believe that eterbase is a scam but its only a matter of time the truth will be revealed in the end

Ops! I thought eterbase is a good exchange. This has many signature participants. And in fact, many of the involved participants are higher ranks. What I want to emphasize? If this is exchange, senior members up will never join in their campaign since seniors up are too clever in selecting campaign. Therefore, I think eterbase is not a scam.

Good for you! Btw, how many bitconnect tokens you still have? I know its not listed anywhere anymore and not in top 50, but it was in top 10
for a while!

Btw, eterbase exchange launched successfully, and original poster could be scammer himself, wanting to spread FUD and buy cheaply

I think you should supply more evidence to prove that Eterbase really turned out to be a scam. And the bounty of eterbase is managed by one of our moderators here. I trust him and I don't think that he will allow and fraud to scam people here and earn a lot of money.

I only believe in top 50 top projects on CMC, all other projects for me can turn into scams, or just shitcoin. The crypto market is very potential but it also has a lot of projects created just to cheat people. So don't be too surprised when a project will become a scam tomorrow.

I believe in this project I have been into a lot of bullshit projects in the past, but this one passed two of my criteria, the campaign is being handled by a reputable bounty manager and second, it's already in the market and doing great, I have read the baseless allegations and have also read Sapta's explanation and it has more weight.,

I'm surprised because I've seen eterbase token on exchanges before i decide to join and promote there bounty,its a shame this is happening already ,crypto space really needs regulations

if eterbase is proven to be a scam then this will be a serious threat to the crypto industry, maybe a lot of people will start thinking of withdrawing from the market and making prices volatile

Ok, I'll give my point of view now.


Is this sarcasm? If not, I'll be here waiting for you to prove all your statements.


https://telegra.ph/Criminal-Complaint-Filed-Against-91726871263970-06-15

It's Telegra.ph, anyone can post anything. Give us an actual link to the appropriate government website then I'll believe this shit 100%.


I am with Eterbase from the very beginning. They paid people from their own pocket from the start of this project, paid PR agencies a lot of money, and they're all real.


Most of the tokens were sold to projects via token swap. Eterbase promised some projects to be listed when the exchange is ready. Eterbase gave them huge amount of XBASE and the projects paid in ETH or with their own tokens. As part of the token swap agreement, the projects are prohibited to sell their XBASE.

So I kinda curious about your accusation here, which money? What money? Whose money? Bounty participants sold their tokens already, investors probably recoup their initial investment, and you know what? Projects dump their XBASE several times, because it was worth so much thus violating the agreement.

I can keep going like this but I want to hear you guys first. Thanks

I don't think staff and a reputable member of this forum will just accept Eterebase as it's bounty manager if it is a scam or dubious project it will ruin his reputation, they have a long campaign ongoing, and they have already paid promoters, it's not right to speculate that they are not going to pay because they are doing good in the market and investors are supporting the coin.

I agree with you but only partly. Fraudulent project was a lot but people do not lose confidence in the investment market if the project is worthy of attention and respect.

No you are not allowed to talk about eterbase scamming people. They have connections with people here and everywhere in the media. You might get a red trust even for accusing them.
They also have connections with the godfather and you might get a button pushed inside of you wherever you are.

But they have a bounty campaign manager that is reputable member of the forum. I think sapta will not put his reputation at risk if he knows that he's working to a bad project. I haven't digged up the issue regarding this but looking at the volume of their coin, it's huge IMO.

Eterbase had red flags from the start. They have an insensitive team which doesn't answer any acquisition but starts blaming the accuser. They are doing a large promotion but I don't think they'll be able to pay as people now are cautious about where their money is going. They won't be able to scam a large sum.

i think we have to do deep observation before called eterbase scam.its not only need one thing , but its very complicated to to be scam project.moreover eterbase building their reputation.i am sure it just fud.

https://telegra.ph/Criminal-Complaint-Filed-Against-ETERBASE-06-13 - anyone knows what is that about? Do they have real problems now?

honestly, I still support this project until now in the latest bounty program managed by SAPTA, one of the local moderators
and if this project is a scam it would be nice to discuss it in the Trading Discussion> Scam Accusations (Moderator: Cyrus) so that we can prove in more detail

When i first heard of the scam from a friend about Eterbase turning scam i couldn't believe what i heard. But seeing it here and going through what you wrote, has given me clarity and i am truly sad about it. A friend of mine invested 5Eth and now its all gone now, such a sad news and this is why people are still scared of accepting cryptocurrencies because of scam projects.

if indeed EXBASE is a very disappointing thing and it is very unfortunate because they have already entered the coinmarketcap and I think that is an impossible thing. Even though the coin price is still very cheap, EXBASE is still pretty good

I never thought that ETERBASE turned out to be a SCAM. Maybe I need a long time to believe this news. And now I don't understand what to do, stay or leave as soon as possible. Honestly today I am sad to see this news. Please help me.

There have been a lot of allegations against exchanges such as hotbit for fake volume and now its Eterbase for scam, none of these claims have been substantiated though but the fact is there is no body probing or investigating such allegations

I think there are still too many exchanges on the market. Of course, monopolization is not good, but it is clear that so many exchanges do not.

In this case, we have 5-6 exchanges that we can say good. I think the rest of them have problems in many ways. etherbase SCAM or not. I think it's not an adequate exchange! We don't need any exchange or platform like eterbase. Obviously, its future will not be so bright.

they seem pretty transparent regarding developments in the company, some people left, they changed HQ position, but planning to hire people and develop the product, which is good plan and transparency is here, should be monitored of course

The level of scam projects in the cryptocurrency space is on the increase because the demands for services as it relate to cryptocurrency is on the increase and at that fraudulent activities are trying to cash up on the found of others. Eterbase may have not pull out an exit scam but the reputation is already on the line since there are not painted as scam.

I think all this projects and exchanges who turns into a scam affect the coins price, because people lose money there (bitcoin on 90% of cases) and scammers sell the coins on market and this may cause the price drop.

it is really scary that so many projects turn out to be scams. the list of serious projects is getting shorter and shorter. hopefully some serious projects left at the end. 

Really sad to know if true, recently i was hearing quite good stuff about this project but now all of a sudden all negative and scam accusations i think there is a requirement of a authority who can keep checks on these projects as we may not know if a project was planned scam or what happened to it and their should be a mechanism to protect investors as well.

I commend the efforts put into these researches but what I want to know is, now that the team has been incrimited but the coin is still doing well at exchanges, shouldn't the writer of these FUD articles be chastised

It seems to me that after such a scandal, the project will be very difficult to return to the confidence of the market and also to receive funds from investors in most cases after this kind of events, the project does not work because they simply do not believe it, but I hope that this project can do it and win market confidence and become a good exchange.

We should not erase the newly created exchange so easily. Any new listed scam coin does not prove that the exchange is scam. Give them a little more time, as far as I know they wanted to create a competitive exchange.

https://eterbase.exchange/markets

I don't think it's should be a surprise if any project in the crypto space turns out to be a scam, there is no regulation body in the world that controls the activities of crypto project in the world, and since everyone are free to operate freely without being watched, they can do whatever they like and get away with it, especially scamming others off their hard earn money in the name of bringing in something new in the crypto space that would be of benefit to all.

A while ago I found a thread on 4chan's 'biz' board about eterbase being setup and run by a company with a long history of running scams. Have a read for yourself here: https://archived.moe/biz/thread/13287892/

Huge red flag...which turned out to be true.

The latest medium post outlines what has since happened.

(basically it was set up by a group/company known for pulling huge scams, this was no different. They've now pulled an exit scam and left a few people behind who are trying to pick up the pieces apparently)

https://medium.com/@ETERBASE/introducing-eterbase-a-s-ac749f70782

"here were many important changes to the ETERBASE project in recent days and weeks. Firstly, due to publicized inquiries regarding the connections between the founders and Jeeves Group we have received an official resignation of all members of Jeeves Group from the board of ETERBASE AG in Liechtenstein."

"This unexpected resignation, however caused a major issue with the planned restructuring, administration capacity, official representation, compliance and banking partners to the degree that ETERBASE AG is not able to function as intended in this crucial moment.

ETERBASE a.s.

For this very reason we have decided to establish ETERBASE a.s. in Bratislava (Slovakia), where most of our development team and support staff was based to this point. We perceive Bratislava region as a future cyber-security hub with several high-tech companies already setting up major campuses to retain and hire top talent within the region."

If eterbase started as a scam, maybe it is now being run with the hope of being legit. If it is...it's got a long road ahead to meet it's original promises.

I cannot see it coming back from this, it was a scam from the start so no work has actually been done other than smoke and mirrors to pull investors in and sell the tokens. Now they hope to actually achieve what they said they would...except they are now 18months further on but starting from the beginning.