Otho.network scam - beware (a good lesson for all) - page 2.

sieemma

sr. member

Activity: 980

Merit: 253

Quote from: 99th on February 26, 2018, 12:27:30 AM

So the otho.network team executed a pretty good scam. Those of us in the project from the beginning have now been banned from their telegram and forums for outing this scam. We found out the sad news last night and over the course of today. I hope many of you didn't lose any money, for those of you that did I feel your pain and quite a few others as well.

This thread will hopefully prevent anyone else from being screwed over by these scumbags. Here is a few links to provide proof.

So this is a good lesson on how you can even be scammed by free airdrops. Disappointed is an understatement.

Otho.network - check the community aka forum pages, specifically the bounty and kucoin listing threads - http://forum.otho.network/

Twitter account was deleted earlier - https://mobile.twitter.com/Otho_Network

Facebook account was deleted earlier - https://m.facebook.com/Otho.Network/

Check the telegram channel and scroll through the last day's messages to see the bad news and how we figured it out - https://t.me/OthoNetworkCommunity

Their official bounty thread - https://bitcointalksearch.org/topic/bounty-airdrop-otho-network-secure-crypto-payment-platform-2719981

Official ANN thread - https://bitcointalksearch.org/topic/annairdrop-otho-network-secure-crypto-payment-platform-54-airdrop-rounds-2701173

I don't like the idea of ICOs being regulated but if this is how things are going to remain, then I think giving a body the chance to regulate icos will kind of put a stop to all this scam projects. I read threads of people accusing projects of scam and many others which is somehow degrading the good name of crypto as a whole.

99th

member

Activity: 196

Merit: 22

Las Vegas

Glad I actually helped many of you. If anything, I learned a valuable lesson and also feel more obligated to the bitcointalk community than ever before. If we can be sure to alert each other quickly when these things happen, we are surely saving each other from wasting time, energy, and money. In the future I will be more diligent to ask questions and dig deeper into a team than I have been in the past. I guess when something looks too good to be true it is. Sadly, if I had gotten out when I thought I should, I would have made about $1,000 from the 1100 OTH I had from the original airdrop, 2nd round, and the community awards. I'm kicking myself in the ass because I am not only out the time, energy, and money from the bounty and future airdrops (POS), but I believed so much in the project I didn't sell when I had the chance to make a very good profit.

I am learning so much, but it is truly painful. Embarrassed

dukemc

full member

Activity: 431

Merit: 102

Thank you for your information - hopefully others find a way to regulate ICOs and if Vitalik´s DAICO will be adapted in the near future there is a naturally sorting of such scam icos

ilnick

newbie

Activity: 322

Merit: 0

Quote from: 99th on February 26, 2018, 04:06:32 AM

I don't even understand why some of these scammy projects spend so much effort and time to make like $10k-$20k when they could make millions delivering a decent project. If you have the skills to build such a nice website, forum, roadmap, social network etc...and go through the process of doing an elaborate air drop, you are essentially paying $5k to make $10k over the couse of 3 months or so. It seems like you could make more just building websites? I don't know....I guess I can't think like a douchebag scammer. If anyone can explain the logic behind this shit, please enlighten me.

I'm just as surprised. The project and its bounty looked so good. It would be a pity time, if it was the only project of its kind.

Ojengonggu

full member

Activity: 756

Merit: 105

Trphy.io

BTT members are very thorough and meticulous I say thank you. Honestly I participated in bounty campaign otho and never see the progress of this project and just now I try to open twitter and facebook as expressed by the 99th is true

fara_buduk

full member

Activity: 616

Merit: 100

gik nyareh proyek seteppak pas sepak

very unfortunately this kind of thing happens when the scam project is organized neatly so many birds stuck in their trap. honestly I was surprised when reading this news and the fate of luck still siding with me, because not to inves in this project even though only loss of work and time follow bounty program

jouns

full member

Activity: 812

Merit: 106

This was a complete surprise for me, for $ 300 I received an excellent lesson and life experience Cool

macit800

member

Activity: 322

Merit: 40

“The Premier Digital Asset Management Ecosystem”

I had participated the bounty campaign, thanks for attending us about this.

brelok777

member

Activity: 160

Merit: 10

Decentralizing Wealth Building Investment Opportu

The next scammers. Unfortunately, fraudulent ICO more and more. This unfortunately the realities of the market are crypto currency. I hope that in the future the situation will change for the better.

Adreman23

full member

Activity: 1366

Merit: 107

SOL.BIOKRIPT.COM

Nowadays thousands of coins are created and if you're in a team it is hard for one coin to promote in order to embrace or accept by community. The otho project is accepted by community but unfortunately it was scam now. What a waste project, If only they continue the project, team will be a millionaire someday.

99th

member

Activity: 196

Merit: 22

Las Vegas

Quote from: iAMawi123 on February 26, 2018, 11:14:23 AM

Otho Forum is not working anymore -> Try to check http://forum.otho.network/

Also, I have been kicked or I can no longer access their telegram group chat.

A lot of people will be discouraged because of scam stunts like these. Also based on what 99th has said, this is truly an eye opener for us so that we will be more careful and informative before diving onto a project or ICO

Their site hasn't worked for me since I posted something similar to this in their own forums. And considering I was one of the higher ranked members in their forum I'm sure they weren't too happy. I assume they actually blocked my IP address and that's why their site appears down. I have not tried to access it with a mask or anything...I wonder if they blocked you too. Anyone can check to see if it is actually down or if we are being blocked from accessing it? Just curious if they are still trying to scam at this point. I did notice that the buy orders dropped from 2 cents to 0 over the last 12 hours. Scumbags.

iAMawi123

member

Activity: 350

Merit: 11

Otho Forum is not working anymore -> Try to check http://forum.otho.network/

Also, I have been kicked or I can no longer access their telegram group chat.

A lot of people will be discouraged because of scam stunts like these. Also based on what 99th has said, this is truly an eye opener for us so that we will be more careful and informative before diving onto a project or ICO

Siren

sr. member

Activity: 826

Merit: 265

Quote from: Andrey123 on February 26, 2018, 12:54:54 AM

Such dishonest companies are becoming more and more every day(
Many people want to earn money at someone else's expense.
I hope they will be held accountable!

sad to say that this is reality,and must serve as a learn to experienced,because until now lots of lots of users wanted to earn but not tooking care of their funds,putting instantly the capital in every ico that promises a good profit.but not noticing that all of them has saying the same thing..actually i dont know this otho project ii will search for this after commenting here.i hope all the victims of this project will soon recover and will take this as part of learning about joining and investing ICO..be aware that more than 30% of them as just to scam

99th

member

Activity: 196

Merit: 22

Las Vegas

Quote from: Lerikaweb on February 26, 2018, 05:39:03 AM

Such scammers discourage people to take part in any token sales. This is how good projects lose their chance to increase their funds and earn more for people. Sad.

Yes, I totally agree. The scary part is the lengths at which these scams are willing to go to get only a little amount of money. I am not one for regulating crypto, but the amount of scams going around right now is absurd. Otho.network scam is a real eye opener for me and hopefully for many others too.

maursader

sr. member

Activity: 509

Merit: 250

Disrupt the banking system!

Quote from: Jdavid05 on February 26, 2018, 12:52:26 AM

Yeah they announce that OTHO will be listed on Kucoin today but its a Scam signal so many people will buy their OTHO on sell order with cheap price. I though this projects will br successfull but they broke it OTHO community is good too its always active not suspected to be a scam and OTHO has a forum.

Yes, legit projects would never announce that before getting listed on KuCoin. Because KuCoin doesn't allow such announcements before trading is going live.

Lerikaweb

member

Activity: 392

Merit: 12

The Fourth Generation of Blockchain in DeFi

Such scammers discourage people to take part in any token sales. This is how good projects lose their chance to increase their funds and earn more for people. Sad.

99th

member

Activity: 196

Merit: 22

Las Vegas

I don't even understand why some of these scammy projects spend so much effort and time to make like $10k-$20k when they could make millions delivering a decent project. If you have the skills to build such a nice website, forum, roadmap, social network etc...and go through the process of doing an elaborate air drop, you are essentially paying $5k to make $10k over the course of 3 months or so. It seems like you could make more just building websites? I don't know....I guess I can't think like a douchebag scammer. If anyone can explain the logic behind this shit, please enlighten me.

xianbits

sr. member

Activity: 910

Merit: 257

I also have noticed their announcement about listing it in Kucoin but upon checking, I can't find OTHO paired with any of the active markets in Kucoin. Okay, I was deceived but good thing, I didn't lose any amount, only efforts.

chitocrypto

jr. member

Activity: 154

Merit: 1

For verified airdrops https://t.me/pinoyairdrop

Well, I was just looking at this before. Luckily I didn't put any money on Otho. Sorry for the loss of others.

Zveresk

full member

Activity: 378

Merit: 109

I never trust companies which attract people to their project by referring system. Most of such project are become scam

Topic: Otho.network scam - beware (a good lesson for all) - page 2. (Read 662 times)