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Topic: It is obvious askcoin.net is scamming by generating fake volume (Read 1028 times)

legendary
Activity: 3192
Merit: 1198
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Good call. The fake exchange site was delisted from coinmarketcap.com on 11 Nov 2014, after several people reported the fraud.

It is possible to report a fraudulent business to econsumer.gov, although I think they will not tell you what -if any- action has been taken... Sad

By the way, the AskCoin Twitter account is spam city. Grin

AskCoin.net WhoIs

Posted it here and unmasking their activity is a good step now if a trader is knowledgeable enough he will search for a review about askcoin.net and the search engine will yield these post about the askcoin.net
legendary
Activity: 1124
Merit: 1000
13eJ4feC39JzbdY2K9W3ytQzWhunsxL83X
what happened with askcoin.net?Huh?? website not load...
i had coins inside there...anyone knows?
newbie
Activity: 10
Merit: 0
Good call. The fake exchange site was delisted from coinmarketcap.com on 11 Nov 2014, after several people reported the fraud.

It is possible to report a fraudulent business to econsumer.gov, although I think they will not tell you what -if any- action has been taken... Sad

By the way, the AskCoin Twitter account is spam city. Grin

AskCoin.net WhoIs
newbie
Activity: 28
Merit: 0
Fake volume is key in a P&D just check out ripple.

I would roughly like to stay on topic. This doesn't really have to do with ripple. This is an altcurrency exchange not a cryptocurrency.

Sure it has... only morons think that this curve is "natural".
Which i heard from every altcoin in here.. look look this is all natural.
Once the truth hits your face you will know that this topic would also include "ripple"

No need to throw around adhoms. I'm not siding with ripple, I don't support centralized currencies. I'm saying this topic is about an exchange which is perpetuating a scam not ripple.
newbie
Activity: 28
Merit: 0
Fake volume is key in a P&D just check out ripple.

I would roughly like to stay on topic. This doesn't really have to do with ripple. This is an altcurrency exchange not a cryptocurrency.
sr. member
Activity: 364
Merit: 250
The 4th industrial revolution!
Fake volume is key in a P&D just check out ripple.

Where's the dump?
newbie
Activity: 28
Merit: 0
If you haven't noticed yet, this exchange is manipulating their volume to make it look like more trading is happening. I have watched the values for the past day to confirm and the markets don't have enough orderbook orders or trading for the volume to be legitimate.

I would be wary of depositing funds on a site who would manipulate their volume.
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