ASICMINER and Satoshi Dice are probably the biggest success stories. What they seem to have in common is competence in their team and from early on were very pragmatic in the way they responded investors (with the exception of when MP did the talking for S.Dice). They never promised the world to anyone.
I think Rental Starter is proving to be a champion in the space. It's shaping up to be a prime example in proving that Bitcoin investors shouldn't necessarily have their options limited. I think in the near future quality start-ups from many fields will take advantage of Crypto funding and technologies that are associated with that - such as the decentralized exchanges. Assuming Bitcoin continues to do well. And more serious projects would more likely be interested in P2P stocks rather than un(self)regulated centralized ones (that have like a 50% fail rate?).
Can someone come up with the ball park number of how much money was put up in total by the community to fund projects?
Topic: List of fraudulent compaines and corporate failures - page 2. (Read 8613 times)
You would have a much shorter list compiling list of non fraudulent companies and corporate successes in bitcoin space
IceDrill / Cryptomex.io
1. keeping shares hostage
2. no dividend payed (aside of one testing occasion) after 4 months
3, funds moving from mining address without any explanations
4. unreasonable kyc conditions (change in contract terms!)
5. complete waste of investors money on scammish looking cryptomex exchange with only one listed security
Now they are basically copying COG scam. Building momentum in investor's anger to the point of liquidation and suddenly a sock puppet will appear in a form of a "liquidation manager" who will give investor's back a few cents on a dollar and disappear. They might address the public once or twice in the meantime.
1. keeping shares hostage
2. no dividend payed (aside of one testing occasion) after 4 months
3, funds moving from mining address without any explanations
4. unreasonable kyc conditions (change in contract terms!)
5. complete waste of investors money on scammish looking cryptomex exchange with only one listed security
Now they are basically copying COG scam. Building momentum in investor's anger to the point of liquidation and suddenly a sock puppet will appear in a form of a "liquidation manager" who will give investor's back a few cents on a dollar and disappear. They might address the public once or twice in the meantime.
Will For Cryptomex.
Investors cant buy or sell their shares with out filling out a KYC form,
that could be used to scam in future.
https://www.cryptomex.io/cryptomex/docs/CryptoMex%20-%20Account%20Opening%20Form%20-%20Individual%20%28140429%29%20Final.pdf
notice how they want to know if you have mental illness
Investors cant buy or sell their shares with out filling out a KYC form,
that could be used to scam in future.
https://www.cryptomex.io/cryptomex/docs/CryptoMex%20-%20Account%20Opening%20Form%20-%20Individual%20%28140429%29%20Final.pdf
notice how they want to know if you have mental illness
I nominate Icedrill.
They are doing the Hasfast Scam almost down to the letter,
Miners now missing and holding Shares entitlements hostage.
They are doing the Hasfast Scam almost down to the letter,
Miners now missing and holding Shares entitlements hostage.
http://trilema.com/2012/the-bitcoin-drama-timeline/
trilema documents lots of the scams
there are also the scam asic manufacturers: BFL, Active/Virtual, HashFast, Cointerra, Bitmine...
trilema documents lots of the scams
there are also the scam asic manufacturers: BFL, Active/Virtual, HashFast, Cointerra, Bitmine...
Thanks for the heads up. If you have specific companies with details post them here when i have time I will do my own additional digging but untill then if you find anything else let me know.
Thanks again for the heads up.
Kr,
Malcolm O
I would add KNC as "person of interest", http://www.coindesk.com/problems-plague-kncminer-broken-super-jupiters-arrive-doorsteps/
I'd suggest reading the comments...
As for success stories
I guess the one at the top of the list would be ASICminer (at least for IPO investors who definitely achieved ROI, not sure about the ones who bought before the fall of Burnside's exchange - BTCT) It would be quite constructive to list success stories and study common characteristics of their approach, team, product/service, e.t.c.
I agree, there is a posting somewhere with a list of all the bitcoin related thefts and losses it is presented in a format that is very easy to read.
Do you think that it is appropriate to list fraud with failures? One is the company intentionally stealing funds while the other is simply a failed business (most small businesses fail within 5 years).
Somewhere where is it ?
Kr,
Malcolm O
http://trilema.com/2012/the-bitcoin-drama-timeline/
trilema documents lots of the scams
there are also the scam asic manufacturers: BFL, Active/Virtual, HashFast, Cointerra, Bitmine...
trilema documents lots of the scams
there are also the scam asic manufacturers: BFL, Active/Virtual, HashFast, Cointerra, Bitmine...
Thanks for the heads up. If you have specific companies with details post them here when i have time I will do my own additional digging but untill then if you find anything else let me know.
Thanks again for the heads up.
Kr,
Malcolm O
Nobody mentioned WeExchange/Ukyo yet?
Please give details or a link I will add it to the list
Kr,
M
Here are some links
Original Bitfunder thread:
https://bitcointalksearch.org/topic/bitfunder-asset-exchange-marketplace-rewritable-options-trading-130117
The fall of Ukyo:
https://bitcointalksearch.org/topic/weexchangewarningthe-fall-of-ukyo-ii-ukyo-digs-a-holewarningweexchange-316546
https://bitcointalksearch.org/topic/weexchange-issue-the-fall-of-ukyo-iii-updates-and-references-342122
The 94% con:
https://bitcointalksearch.org/topic/the-94-con-by-jon-montroll-337523
Thread started by another scammer, Danny Brewster (Neo-Bee) saying he would "solve" the case:
https://bitcointalksearch.org/topic/bitfunder-moving-forwardresolution-process-348468
Very sad
It would be quite constructive to list success stories and study common characteristics of their approach, team, product/service, e.t.c.
I agree, there is a posting somewhere with a list of all the bitcoin related thefts and losses it is presented in a format that is very easy to read.
Do you think that it is appropriate to list fraud with failures? One is the company intentionally stealing funds while the other is simply a failed business (most small businesses fail within 5 years).
I am trying and I think it will improve as we go along (I will get someone else to make it look pretty down the line) so please keep the suggestions coming in. In regards to frauds and failures at this stage when the crypto market is so new i think its viable to lump them together in many cases its difficult to separate both. For example 50% of the cases showed to me displayed some kind of internal or external fraud that assisted with their companies failure.
Kind Regards,
Malcolm O
sr. member
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
It would be quite constructive to list success stories and study common characteristics of their approach, team, product/service, e.t.c.
I agree, there is a posting somewhere with a list of all the bitcoin related thefts and losses it is presented in a format that is very easy to read.
Do you think that it is appropriate to list fraud with failures? One is the company intentionally stealing funds while the other is simply a failed business (most small businesses fail within 5 years).
It would be quite constructive to list success stories and study common characteristics of their approach, team, product/service, e.t.c.
what are you gonna do with this info you are collecting by the way?
Dear River boat
GOOD QUESTION.I will reveal all once the list is mature.
At the moment it will serve as a warning and a reminder to prospective investors to do proper research on companies before they invest.
Kr,
Malcolm O
Hum, did you consider making a list of the successful ones? That would take no time
HAHAHAH i didn't notice this comment one thing at a time. I like the challenge of this one more. But it makes sense to do both.
Kr,
Malcolm O
what are you gonna do with this info you are collecting by the way?
Dear River boat
GOOD QUESTION.I will reveal all once the list is mature.
At the moment it will serve as a warning and a reminder to prospective investors to do proper research on companies before they invest.
Kr,
Malcolm O
Hum, did you consider making a list of the successful ones? That would take no time
what are you gonna do with this info you are collecting by the way?
Dear River boat
GOOD QUESTION.I will reveal all once the list is mature.
At the moment it will serve as a warning and a reminder to prospective investors to do proper research on companies before they invest.
Kr,
Malcolm O
Hum, did you consider making a list of the successful ones? That would take no time
Let's not forget the three assets on CS run by fasbit as well.
FAS, FASBIT, and GRID
https://bitcointalksearch.org/topic/cryptostocksfas-fasbit-hows-your-math-you-made-on-the-dividend-457431
*Looks like user Thy had this fella pegged since the first part of February!
FAS, FASBIT, and GRID
https://bitcointalksearch.org/topic/cryptostocksfas-fasbit-hows-your-math-you-made-on-the-dividend-457431
*Looks like user Thy had this fella pegged since the first part of February!
http://trilema.com/2012/the-bitcoin-drama-timeline/
trilema documents lots of the scams
there are also the scam asic manufacturers: BFL, Active/Virtual, HashFast, Cointerra, Bitmine...
trilema documents lots of the scams
there are also the scam asic manufacturers: BFL, Active/Virtual, HashFast, Cointerra, Bitmine...
Deprived Mining Speculation (DMS) - Operator of the fund ran off with the money / became a drunk
Link to thread: https://bitcointalksearch.org/topic/btc-tc-deprived-mining-speculation-dms-228327
Lost BTC: ~415
Link to thread: https://bitcointalksearch.org/topic/btc-tc-deprived-mining-speculation-dms-228327
Lost BTC: ~415
BTCQuick - Hacked/Incompetence/Shut down without warning - Jerrod Bunce
Just a quick one:
Ziggap (Bitfunder)
Stolen funds
https://bitcointa.lk/threads/either-ryan-schreiber-founder-of-ziggap-has-gone-off-the-deep-end-or.112868/
Asic Coop (GLBSE / Bitfunder
Stolen funds / equipment
https://bitcointalksearch.org/topic/asiccoop-asic-miners-cooperative-88008
http://mybitcointrade.de/ (which was in part also a "stock exchange")
Stolen funds
https://bitcointalk.org/index.php?topic=115572.5
Jump to: