NovaExchange.com Market Manipulation.. no deposits allowed

milly6

legendary

Activity: 1632

Merit: 1010

Quote from: CryptoWiz420 on January 16, 2018, 12:43:40 PM

Novaexchange.com has announced that they are no longer closing but has not enabled deposits. Withdrawals are enabled..

It has been brought to my attention by a user of this website that market manipulation is very easy. I have just received a screenshot from this user in my email:

So here is the concerning scenario:
Novaexchange admins/employees/whatever can deposit all they would like in theory since they control deposits.
They can pump a market which no one else can deposit to, and then unfairly deposit to ANY market, and dump their coins.
This users seems to have been banned for raising that concern, which further raises red flags... this is the type of action that happened at many exchanges before they closed.
Please discuss.
-The Wizard

(Please note: I have received this screenshot in my email.. I do not chat on novaexchange..this is not my account)

yea it seems pretty clear to see that this user was banned for fud. I would have done the same thing. Mod had reasonable responses.

CryptoWiz420

hero member

Activity: 564

Merit: 516

i should clarify that it is someone ive spoken to before in cryptoland so it wasnt exactly random. The message was worded as a warning in my opinion so i just thouhght i would share it for discussion. Not saying its true or false just presenting a users perspective. He does seem upset but id prefer to take a objective approach because of amount of fud about exchanges in general. Who knows?

Quote from: Potato Chips on January 16, 2018, 01:40:37 PM

I don't remember when was the last time I used their exchange but you shouldn't believe anything that a random user says over the internet particularly when it's in trollboxes because most people there are either spreading FUD/hypes or just a plain butthurt Roll Eyes

. Furthermore, the screenshot he provided doesn't really prove anything Huh

I'm guessing he's mass sending the mails to random users because he's upset about something.

Potato Chips

hero member

Activity: 2786

Merit: 902

yesssir! 🫡

I don't remember when was the last time I used their exchange but you shouldn't believe anything that a random user says over the internet particularly when it's in trollboxes because most people there are either spreading FUD/hypes or just a plain butthurt Roll Eyes

. Furthermore, the screenshot he provided doesn't really prove anything Huh

I'm guessing he's mass sending the mails to random users because he's upset about something.

milly6

legendary

Activity: 1632

Merit: 1010

oh shit....

CryptoWiz420

hero member

Activity: 564

Merit: 516

Novaexchange.com has announced that they are no longer closing but has not enabled deposits. Withdrawals are enabled..

It has been brought to my attention by a user of this website that market manipulation is very easy. I have just received a screenshot from this user in my email:

So here is the concerning scenario:
Novaexchange admins/employees/whatever can deposit all they would like in theory since they control deposits.
They can pump a market which no one else can deposit to, and then unfairly deposit to ANY market, and dump their coins.
This users seems to have been banned for raising that concern, which further raises red flags... this is the type of action that happened at many exchanges before they closed.
Please discuss.
-The Wizard

(Please note: I have received this screenshot in my email.. I do not chat on novaexchange..this is not my account)

Topic: NovaExchange.com Market Manipulation.. no deposits allowed (Read 116 times)