Topic: KuCoin. Crouching Token, Hidden Team (Read 135 times)

There are too many such ICO now.which has to make everyone vigilant.

That's not the only way scammers do things in crypto.

They might launch an ERC20 token that took them a week to code, then airdrop it for free. After it's distributed they get it to pump in value by putting fake buys up on some free exchange. When other people try to "invest" in the now "valued" tokens, they just dump.

There's always some kind of new scam out there, including wallets with pre-made private keys that just happen to get hacked after the first week.

And Exchanges themselves can be scammers too :X. People throw money in, send their coins in, then suddenly the exchange announces they've been hacked and put up a sad emoji and tell everyone to go home.

If you dig up other exchanges, then you can find many interesting things. There is a high probability that this article is a product of black PR, aggravation of competition between exchanges.

I agree with you, most of the airdrops, token offerings and pump dump groups are scam and do not bring any value. The article is really good piece mentioning the truths. Many would lose money even if market does not dumps

The classic way to cheat a cryptoinvestor is to launch a scam ICO, collect the cash and get the hell out of Dodge. But there are a couple more perfectly viable options: making shitty forks and talking out of your arse to anyone that will listen about the fact that your startup has raised tons of money, so that the masses will buy your shitty tokens. Both of these schemes require high-quality support from cryptocurrency media and loyal exchanges. You buy a couple of nice articles, put your shitcoin on an exchange and then start the pump. The exchange rate grows like Jack’s beanstalk, so the lemmings fall for it and squander their BTC and ETH. Then after a suitable amount of time, they start tearing their hair out, smash their laptops against their 50-inch plasmas, go on a bender, leave their family and generally go off the rails.

Pumps/dumps and other financial pyramids are nothing new – they’re as old as the hills and always find a willing customer. But we are adamantly opposed to any fraud involving blockchain. It really is a breakthrough technology that is capable of changing the world for the better. Piggybacking on its reputation and passing cons off as blockchain startups is the eighth deadly sin. And we’re going to fight it like John Doe.

Anyway, we recently wrote some stuff about Revain’s pumps. Our attention was drawn to the KuCoin exchange. It was the venue for the Russian scam’s manipulations and its promotions that gave away Lamborghinis and bitcoins for the biggest investments. Look at the trading volume. Then you can have another look at our first research on Revain. Now it’s quite possible you’re thinking that the world is exclusively populated by idiots.

Read more here: https://shitcoinoffering.com/kucoin-crouching-token-hidden-team/