P2PB2B Scam!! Selling coins they don't have, wash trading, fraud and theft!

iGO_Tech

newbie

Activity: 8

Merit: 20

They are owned by the same owner, coinsbit and p2pb2b

I answered below to one of ther puppets on page 149 from https://bitcointalksearch.org/topic/an-coinsbitio-innovative-trading-cryptosystem-5185065

Be AWARE of those scam Exchanges!

Indeed everyone likes the way you bark, well i didnt see a lawyer yet, means you dont have any grounds, however evidence will be shared to protect others, within a couple days! And already enough statements and evidences are provided, you dont own the world, and the tone of voice you using is far from respected!

I would first google the words you use, as when you use them it is meaningless.

Ohw by the way, other project that did by you IEO published openly that you Coinsbit stole its money and that they filed in a report. I can share it as it was posted publicly and not private, so am i really the only ONE, don't think so.

So here are some teasers for you (Full teaser will posted soon) to share with your lawyers

they gadly tell you that you are ...... well that you scammed people, and obviously made a big mistake as many that you did by breaching the terms of the contract, unfair trade practices, already having reports upon Coinsbit, not had license and not informed your client of this, and trading without license making yourself eligable to be sue yourself for criminal act!

So here are the links with screenshots of enough evidence (There is more) for you to share with your lawyers, I am happy to be contacted by them.

1: breach of contract by Coinsbit
2: other project that stated that Coinsbit stole the money
3: fraud by market manipulation (second criminal act what makes it able to trace everyone from Coinsbit even after they announce themself bankrupt) you can check with your big lawyer, proof of the trades that not correspondence with the amount in roulation, calculation you can make by yourself smartie.
4: Third criminal act using my tokens to gain profit without informing me.
5: Fourth criminal act not paying me the amount for its circulation

And many more info to share Soon!

So now you can show your evidence that Coinsbit is so professional and will become the next Binance!

https://ibb.co/6w3CMDq
https://ibb.co/fSwbtBg
https://ibb.co/Hxc6ckY
https://ibb.co/C8yVcpH
https://ibb.co/y4Rzc6S
https://ibb.co/QKZ9wGM

Plus another treath: https://bitcointalksearch.org/topic/coinsbitio-scam-exchange-ponzi-scheme-5195285

And this topic just out reference how you communicate page 145 till 149: https://bitcointalksearch.org/topic/an-coinsbitio-innovative-trading-cryptosystem-5185065

Best regards,

Flush-Grey

newbie

Activity: 56

Merit: 0

Quote from: JollyGood on February 14, 2020, 05:40:50 PM

p2pb2b and all other scam exchanges operated by the same group should not be allowed to use this forum to spread their propaganda. As members who have been around here longer than newbies we owe it to any user that might be fooled by them to continuously highlight the scams that whitebit exchange, coinsbit exchange and p2pb2b exchange and others are carrying out.

Did not know that Coinsbit and P2PB2B are run by the same people and company. Wow.

Bloody scammers!

JollyGood

legendary

Activity: 2534

Merit: 1713

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p2pb2b and all other scam exchanges operated by the same group should not be allowed to use this forum to spread their propaganda. As members who have been around here longer than newbies we owe it to any user that might be fooled by them to continuously highlight the scams that whitebit exchange, coinsbit exchange and p2pb2b exchange and others are carrying out.

blurryeyed

full member

Activity: 670

Merit: 120

TIME TO BAN THE YOBIT SCAM!!

Quote from: macish on February 10, 2020, 03:16:26 PM

dug up

ridiculous. typed in google P2P review and posted my opinion in all of them about that exchange which is truth. like I said I am using it. so I am sharing. crazy people you are to turn shit like that.

BS. Go join the rest of the scam promoters/spammers/shitposters over on Cryptotalk - you'll blend in there just fine.

macish

member

Activity: 115

Merit: 10

Quote from: nutildah on February 02, 2020, 04:40:39 AM

Quote from: macish on February 02, 2020, 03:43:08 AM

I'm using P2P frequently and never had problem with it. Deposits, withdrawals buying crypto with debitcard all works fine.

You just posted the exact same message in 6 different threads... You even dug up some threads that had been dead for months. Wonder why that is.

dug up

ridiculous. typed in google P2P review and posted my opinion in all of them about that exchange which is truth. like I said I am using it. so I am sharing. crazy people you are to turn shit like that.

JollyGood

legendary

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Is that the best p2pb2b can come up with? A sock-puppet account to post propaganda?

Quote from: macish on February 02, 2020, 03:43:08 AM

I'm using P2P frequently and never had problem with it. Deposits, withdrawals buying crypto with debitcard all works fine.

mirrasel

jr. member

Activity: 183

Merit: 2

We all should be careful about this.

nutildah

legendary

Activity: 3010

Merit: 8114

Quote from: macish on February 02, 2020, 03:43:08 AM

I'm using P2P frequently and never had problem with it. Deposits, withdrawals buying crypto with debitcard all works fine.

You just posted the exact same message in 6 different threads... You even dug up some threads that had been dead for months. Wonder why that is.

macish

member

Activity: 115

Merit: 10

I'm using P2P frequently and never had problem with it. Deposits, withdrawals buying crypto with debitcard all works fine.

JollyGood

legendary

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Pathetic lies from the scammers... You have to laugh at the figures they are now claiming to achieve !!!

The scammers that own coinsbit and p2pb2b now claim they trade over $715 MILLION volume a day !!

That means they claim to trade over $260 BILLION volume a year !!

WOW !!

Even the scammers have to astronomical lengths to try to scam newbies and gullible investors Grin

JollyGood

legendary

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Merit: 1713

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Quote from: Angelo38 on August 19, 2019, 07:08:20 PM

Quote from: JollyGood on August 19, 2019, 05:37:50 PM

They are pathetic disgusting thieves. Their p2pb2b scam has unravelled but they continue to play ignorant by saying coinsbit and p2pb2b are different companies owned by different people.

We all know coinsbit is owned by the same scammer and they have one aim only and that is to scam as much as they can before exiting after stealing from their customers.

It's frustrating, because they can scam you, and there's nothing I can do
I gave my money for lost

Participate in the launch of a coin called Cyprus coin, and when the withdrawals closed the cypruscoin developers issued this statement

Read response from p2pb2b.io

https://medium.com/@cypruscoinclub/p2pb2b-io-withdrawal-warning-f67706075967

Reading what is stated in that link, it seems the coinsbit and p2pb2b team tried to extort money from the cypruscoin team. Effectively seems like coinsbit and p2pb2b owners tried blackmailing the cypruscoin team:
https://medium.com/@cypruscoinclub/p2pb2b-io-withdrawal-warning-f67706075967

What concerns me is why a project would choose either coinsbit or p2pb2b when there are other alternatives to list coins and tokens on? A simple search online will bring up plenty of results to show these two scam exchanges are not to be trusted.

fratoshi

member

Activity: 294

Merit: 10

Maybe is time to unite forces and send request to coinmarketcap to issue a warning about this exchange.

- Blocking accounts.
- Stealing coins.
- Running other scam exchanges (coinsbit)
- Removing the support chat.
- Washing volume.
- Stealing coins from coin developers.

There is enough proof to back any claim.

Angelo38

full member

Activity: 349

Merit: 100

Quote from: JollyGood on August 19, 2019, 05:37:50 PM

Quote from: Angelo38 on August 19, 2019, 04:25:25 PM

Quote from: JollyGood on August 19, 2019, 01:39:15 PM

Quote from: Angelo38 on August 14, 2019, 05:28:57 PM

The same thing happened to me, at the time of depositing I had no problems, after checking my account I could not make withdrawals
the next day they blocked my account
and tried to communicate, but nobody answers
they removed the chat
a screenshot https://ibb.co/LvDC2Cd

Is there any update to your issue?

Hello, well, I have not had an answer, I have sent emails that do not answer
before I could communicate with them through chat
but now it is not available

They are pathetic disgusting thieves. Their p2pb2b scam has unravelled but they continue to play ignorant by saying coinsbit and p2pb2b are different companies owned by different people.

We all know coinsbit is owned by the same scammer and they have one aim only and that is to scam as much as they can before exiting after stealing from their customers.

It's frustrating, because they can scam you, and there's nothing I can do
I gave my money for lost

Participate in the launch of a coin called Cyprus coin, and when the withdrawals closed the cypruscoin developers issued this statement

Read response from p2pb2b.io

https://medium.com/@cypruscoinclub/p2pb2b-io-withdrawal-warning-f67706075967

JollyGood

legendary

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Quote from: Angelo38 on August 19, 2019, 04:25:25 PM

Quote from: JollyGood on August 19, 2019, 01:39:15 PM

Quote from: Angelo38 on August 14, 2019, 05:28:57 PM

The same thing happened to me, at the time of depositing I had no problems, after checking my account I could not make withdrawals
the next day they blocked my account
and tried to communicate, but nobody answers
they removed the chat
a screenshot https://ibb.co/LvDC2Cd

Is there any update to your issue?

Hello, well, I have not had an answer, I have sent emails that do not answer
before I could communicate with them through chat
but now it is not available

They are pathetic disgusting thieves. Their p2pb2b scam has unravelled but they continue to play ignorant by saying coinsbit and p2pb2b are different companies owned by different people.

We all know coinsbit is owned by the same scammer and they have one aim only and that is to scam as much as they can before exiting after stealing from their customers.

Angelo38

full member

Activity: 349

Merit: 100

Quote from: JollyGood on August 19, 2019, 01:39:15 PM

Quote from: Angelo38 on August 14, 2019, 05:28:57 PM

The same thing happened to me, at the time of depositing I had no problems, after checking my account I could not make withdrawals
the next day they blocked my account
and tried to communicate, but nobody answers
they removed the chat
a screenshot https://ibb.co/LvDC2Cd

Is there any update to your issue?

Hello, well, I have not had an answer, I have sent emails that do not answer
before I could communicate with them through chat
but now it is not available

JollyGood

legendary

Activity: 2534

Merit: 1713

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Quote from: Angelo38 on August 14, 2019, 05:28:57 PM

The same thing happened to me, at the time of depositing I had no problems, after checking my account I could not make withdrawals
the next day they blocked my account
and tried to communicate, but nobody answers
they removed the chat
a screenshot https://ibb.co/LvDC2Cd

Is there any update to your issue?

Angelo38

full member

Activity: 349

Merit: 100

The same thing happened to me, at the time of depositing I had no problems, after checking my account I could not make withdrawals
the next day they blocked my account
and tried to communicate, but nobody answers
they removed the chat
a screenshot https://ibb.co/LvDC2Cd

JollyGood

legendary

Activity: 2534

Merit: 1713

Top Crypto Casino

Quote from: gobit83 on August 04, 2019, 03:31:29 PM

just now I create account, after I enable 2FA , try to relogin but not pass :DD
support answered :

On Sun, 4 Aug 2019, 18:28 Support p2pb2b, <[email protected]> wrote:
Hello, please, clarify your question. You can not pass 2FA?
Dear customer, please, wait, we will check your situation

after I create another one with another mail and same.

They are doing teh same thing on their coinsbit website too.

coinsbit and p2pb2b are owned by the same scammers

The user p2pb2b.io last logged in on 5th August 2019 to read posts but they last posted on 26th July 2019

Out of embarrassment for getting caught out they no longer post here Roll Eyes

The community well and truly exposed those scamming thieves. Now we just need to do the same for coinsbit which is also owned by the p2pb2b scammers

https://bitcointalksearch.org/topic/coinsbitio-cryptocurrency-exchange-official-thread-4971628

gobit83

newbie

Activity: 9

Merit: 0

just now I create account, after I enable 2FA , try to relogin but not pass :DD
support answered :

On Sun, 4 Aug 2019, 18:28 Support p2pb2b, <[email protected]> wrote:
Hello, please, clarify your question. You can not pass 2FA?
Dear customer, please, wait, we will check your situation

after I create another one with another mail and same.

JollyGood

legendary

Activity: 2534

Merit: 1713

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The p2pb2b.io user was browsing the threads a few hours ago but last posted 4 days ago.

Where has the coinsbit and p2pb2b scammer gone and why keep visiting the forum to see the evidence against their scam pile-up but not put a defence forward?

JollyGood

legendary

Activity: 2534

Merit: 1713

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Quote from: dopey on July 27, 2019, 03:08:33 AM

Quote from: p2pb2b.io on July 26, 2019, 11:14:42 AM

Good afternoon.

As Mr. Dopey mentioned in the topic-starting post, the withdrawal request was freezed due to divergence between the withdrawal amount and our financial records. P2PB2B Security Service has initiated an investigation on this matter - unfortunately, we found that amount of THC, which was sold to this user was acquired in a non-legal way by the seller. Therefore, we rolled back the first deal of Mr. Dopey with the seller on July 9, 2019 and today we performed the same procedure with the other deals. The assets, which Mr. Dopey spent during these deals were fully returned to the main balance and ready for withdrawal at any time.

We deeply regret that this incident occurred and acknowledge the difficulties that have been caused.

This is a complete lie and I am completely shocked that you would make this public statement.

I deposited btc onto your exchange and bought 2.6 million hempcoin over a month and a half ago. I was not allowed to withdraw these funds, and asked for support for over a month.

It was discovered that your team made a mistake and sent free hempcoins to users around 3-4 months ago (nothing to do with me) and were not able to cover legitimate trades like my own and your solution is to pretend that some sort of fraud took place? You instead fully lie and say that these coins were "acquired in a non-legal way" Huh

What the hell are you talking about? You made a tech error, it was your mistake and fault, nothing illegal? Huh

Your solution is to completely roll back all of my trades on p2p2b2 from over a month ago and just refund me my btc?? The price is already 3 times what I bought my coins for? Huh

I lost tens of thousands of dollars because of these actions and your fraudulent behavior. Do not use P2PB2B, you will get scammed. They are technically incompetent and will steal your money and provide you with 0 support.

They are listing every garbage project as quickly as they possibly can and collecting BTC while offering "market-making" for new projects, which is wash trading and 100% illegal, how do I know? Because I was in discussion with them about listing our coin several months ago and was offered this service.

This exchange has all of the signs of being a cash grab and are set up with a Belize and Seychelles infrastructure ready to run away when the time is right.

I challenge you P2PB2B to respond to these allegations and provide the community with a detailed account of your version of events. Lying and pretending that some sort of fraud took place instead of admitting that you had a tech error is 100% bogus and any attempt to continue along this narrative will be met with additional evidence.

I know you sent emails to people who received free Hempcoins because of your technical error demanding they return funds or you would block their account or take from existing balances and I know about the conversations you had trying to buy 5 million coins on a side deal to fix your mistake. Now you're saying there was some sort of fraud? Why are you not telling the truth?

Awaiting your response...

Well let us see what the Coinsbit and p2pb2b scammers have to say about this.

They have lost the public relations battle, they have been humiliated. Their plans to use p2pb2b and Coinsbit to steal funds from investors has been exposed.

dopey

hero member

Activity: 1008

Merit: 514

Quote from: p2pb2b.io on July 26, 2019, 11:14:42 AM

Good afternoon.

As Mr. Dopey mentioned in the topic-starting post, the withdrawal request was freezed due to divergence between the withdrawal amount and our financial records. P2PB2B Security Service has initiated an investigation on this matter - unfortunately, we found that amount of THC, which was sold to this user was acquired in a non-legal way by the seller. Therefore, we rolled back the first deal of Mr. Dopey with the seller on July 9, 2019 and today we performed the same procedure with the other deals. The assets, which Mr. Dopey spent during these deals were fully returned to the main balance and ready for withdrawal at any time.

We deeply regret that this incident occurred and acknowledge the difficulties that have been caused.

This is a complete lie and I am completely shocked that you would make this public statement.

I deposited btc onto your exchange and bought 2.6 million hempcoin over a month and a half ago. I was not allowed to withdraw these funds, and asked for support for over a month.

It was discovered that your team made a mistake and sent free hempcoins to users around 3-4 months ago (nothing to do with me) and were not able to cover legitimate trades like my own and your solution is to pretend that some sort of fraud took place? You instead fully lie and say that these coins were "acquired in a non-legal way" Huh

What the hell are you talking about? You made a tech error, it was your mistake and fault, nothing illegal? Huh

Your solution is to completely roll back all of my trades on p2p2b2 from over a month ago and just refund me my btc?? The price is already 3 times what I bought my coins for? Huh

I lost tens of thousands of dollars because of these actions and your fraudulent behavior. Do not use P2PB2B, you will get scammed. They are technically incompetent and will steal your money and provide you with 0 support.

They are listing every garbage project as quickly as they possibly can and collecting BTC while offering "market-making" for new projects, which is wash trading and 100% illegal, how do I know? Because I was in discussion with them about listing our coin several months ago and was offered this service.

This exchange has all of the signs of being a cash grab and are set up with a Belize and Seychelles infrastructure ready to run away when the time is right.

I challenge you P2PB2B to respond to these allegations and provide the community with a detailed account of your version of events. Lying and pretending that some sort of fraud took place instead of admitting that you had a tech error is 100% bogus and any attempt to continue along this narrative will be met with additional evidence.

I know you sent emails to people who received free Hempcoins because of your technical error demanding they return funds or you would block their account or take from existing balances and I know about the conversations you had trying to buy 5 million coins on a side deal to fix your mistake. Now you're saying there was some sort of fraud? Why are you not telling the truth?

Awaiting your response...

p2pb2b.io

copper member

Activity: 106

Merit: 0

Good afternoon.

As Mr. Dopey mentioned in the topic-starting post, the withdrawal request was freezed due to divergence between the withdrawal amount and our financial records. P2PB2B Security Service has initiated an investigation on this matter - unfortunately, we found that amount of THC, which was sold to this user was acquired in a non-legal way by the seller. Therefore, we rolled back the first deal of Mr. Dopey with the seller on July 9, 2019 and today we performed the same procedure with the other deals. The assets, which Mr. Dopey spent during these deals were fully returned to the main balance and ready for withdrawal at any time.

We deeply regret that this incident occurred and acknowledge the difficulties that have been caused.

JollyGood

legendary

Activity: 2534

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Quote from: CowboyKen on July 25, 2019, 11:02:09 AM

They are a scam; I alerted several of the "trust" providers like coinmarketcap.com, Aaron is doing what he can to go above and beyond the call of duty to make sure that they don't harm anyone else.

My name is CowboyKen from ArDax.com.ar and I am a real person. I have a little personal mission to clean up the space before bitcoin really gets moving later this year.

My whatsapp is +5491135016854

Kindly,
CowboyKen

Yes you are right, they have been exposed as a scam. p2pb2b are scammers.

Even their sister company Coinsbit which uses an identical website template has also been exposed and they are going all out to spread propaganda and generate fake buzz in the hope to scam users.

CowboyKen

newbie

Activity: 1

Merit: 0

They are a scam; I alerted several of the "trust" providers like coinmarketcap.com, Aaron is doing what he can to go above and beyond the call of duty to make sure that they don't harm anyone else.

My name is CowboyKen from ArDax.com.ar and I am a real person. I have a little personal mission to clean up the space before bitcoin really gets moving later this year.

My whatsapp is +5491135016854

Kindly,
CowboyKen

JollyGood

legendary

Activity: 2534

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Any updates to this?

The p2pb2b.io username is not logging in here any more since they were exposed

JollyGood

legendary

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Quote from: IconFirm on July 21, 2019, 01:39:16 PM

Looking at his github page:

https://github.com/vsolodovnyk?tab=repositories

..it appears he cloned the ViaBTC exchange repo last year - so maybe he's just re-branded it in several versions/names & is throwing up these different exchanges for hoovering up user funds?.....

ViaBTC exchange is now trading as coinex.com - at least that's where clicking the link on the viabtc.com exchange button takes you (bottom of page).

Excellent post. This Valerii Solodovnyk seems to have his fingers in lots of "pies".

https://web.archive.org/web/20190721185140/https://github.com/vsolodovnyk?tab=repositories

IconFirm

hero member

Activity: 1438

Merit: 574

Always ask questions. #StandWithHongKong

Looking at his github page:

https://github.com/vsolodovnyk?tab=repositories

..it appears he cloned the ViaBTC exchange repo last year - so maybe he's just re-branded it in several versions/names & is throwing up these different exchanges for hoovering up user funds?.....

ViaBTC exchange is now trading as coinex.com - at least that's where clicking the link on the viabtc.com exchange button takes you (bottom of page).

vejonkaren

jr. member

Activity: 90

Merit: 3

https://2ch.hk/cc/src/438419/15636946910520.jpg

The portrait of serial scammer

Valerii Solodovnyk

fratoshi

member

Activity: 294

Merit: 10

i need help to find more info, it seems that partida.io is the main company that offer services to both exchanges
here is some information

PARTIDA SERVICES OÜ
Ärinimi
Partida Services OÜ
Registrikood:
14572266

Valerii Solodovnyk

Partida and p2pb2b use a similar logo

JollyGood

legendary

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Quote from: IconFirm on July 10, 2019, 05:10:49 PM

Found the link:

https://bitcointalksearch.org/topic/coinsbitio-cryptocurrency-exchange-official-thread-4971628

Lots of info there, well worth a read.

Another Russian scam exchange.

COINSBIT and P2PB2B = SCAM

Yes P2PB2B finally admitted the "were" connected to the Coinsbit scammers because they "shared" the same developer team in the early days: https://bitcointalksearch.org/topic/m.51834549

I posted these too:
https://bitcointalksearch.org/topic/m.51853699
https://bitcointalksearch.org/topic/m.51865201

You will notice the "thank you for getting in touch" and "feel free to ask if you have more questions" politeness has changed to "You let everyone know that you're manipulator and the chief source of fud but it isn't really a problem for anonymous, right?". They were never going to keep up the nice-nice mask forever... Roll Eyes

Their "headquarter" is a mailing-address-for-hire that has 801 "companies" doing the same thing by pretending they have an office and business in a prestigious part of London, UK:
https://suite.endole.co.uk/explorer/postcode/w1u-6tu

Both Coinsbit and P2PB2B amazingly use the same software and "shared" the same team yet still make identical updates to their websites at the same time.

Amazingly they have a 24/7 support team that are fluent in the following languages: English, Chinese (Mandarin), Japanese, Russian, Indonesian, Spanish, German in that order ! (P2PB2B also added Korean) yet claim they are not connected.

Coinsbit claim they trade over $30 BILLION a year, or $84 million per day
P2PB2B claim they trade over $60 BILLION a year, or $167 million per day

vejonkaren

jr. member

Activity: 90

Merit: 3

The fraudsters behind this scambag are all russians and ukrainians.
They lie that they're from Estonia and UK.
This is 146% lie.

vejonkaren

jr. member

Activity: 90

Merit: 3

One experienced troubles with scammer should issue a flag

https://bitcointalksearch.org/user/p2pb2bio-2509426

vejonkaren

jr. member

Activity: 90

Merit: 3

Beware of so-called b2bp2p scam exchange.

https://p2pb2b.io

They will steal your money.

Today I decide to give a try to this service. After the registration I tried to deposit some money and found that there's minimum amount requirement.

Ok, the minimum is 50 Sem so I transfer exactly 50 Sem to the address provided by b2bp2p.

P2PB2B generated my deposit address as 0x3ced649fbbce02397bdc7edfaf87bc12ac6eafa4

Go check the records:

https://semux.info/explorer/account/0x3ced649fbbce02397bdc7edfaf87bc12ac6eafa4

12:42:06, 17 Jul 2019 0x3ced649fbbce02397bdc7edfaf87bc12ac6eafa4 50 SEM arrived.

a minute later at 12:43:02, 17 Jul 2019 scammers took my money from my deposit and sent 'em to unknown address 0x0bf9e08ec7f34fd2f9b503a132915b1880cba7f7

Voila! No money in my wallet. Where they're? On the unknown account.

Did my deposit address got 50 sem? YES
Did I asked to play with my money to send 'em between wallets? NO
Was I warned that scammers gonna play with my money thus they need more sem to pay the fee for their games? NO
Have I lost my entire deposit according to scammers' logic. YES
Should I label P2PB2B as scammers? The answer is obvious.

fratoshi

member

Activity: 294

Merit: 10

Coinsbit and p2pb2b are running the same exchange script, someone reported that

dopey

hero member

Activity: 1008

Merit: 514

Well, the snapshot and migration to Komodo are now completed and I was never sent my coins from P2PB2B. Literally tried to withdraw for 3 weeks in anticipation of the snapshot and the only support I received from their end was "please wait, don't open another ticket" for 3 weeks.

Due to the complete technical incompetence of P2PB2B in combination with their non-existent customer support and zero public statements made about this incident I have just lost 2.6 MILLION (1% of the entire currency).

P2PB2B is a scam and they have still not addressed, fixed, or made a statement about this matter.

IconFirm

hero member

Activity: 1438

Merit: 574

Always ask questions. #StandWithHongKong

Found the link:

https://bitcointalksearch.org/topic/coinsbitio-cryptocurrency-exchange-official-thread-4971628

Lots of info there, well worth a read.

Another Russian scam exchange.

IconFirm

hero member

Activity: 1438

Merit: 574

Always ask questions. #StandWithHongKong

Quote from: dopey on July 10, 2019, 06:01:21 AM

Quote

Anyway, although you didn't really mention what you meant by washtrading except to mention it in your title, i do think you're right. Their traffic rankings are almost *exponentially* lower than all of their competitors, yet they sometimes have twice the volume.

Yes, this is evident without even having to dig very deep.

Yeah, I've been warning about this P2PB2B outfit for months in my sig - their crazy volumes are the worst fake numbers I've ever seen. I read elsewhere on this forum that their software is an exact clone of another exchange & that both are owned/run by the same people, I can't remember the thread, but if I find it again I'll post a link.

At least you got your BTC back though, not that it excuses their incompetence. A damn shady exchange all round & well worth staying clear of.

dopey

hero member

Activity: 1008

Merit: 514

Quote

Anyway, although you didn't really mention what you meant by washtrading except to mention it in your title, i do think you're right. Their traffic rankings are almost *exponentially* lower than all of their competitors, yet they sometimes have twice the volume.

Yes, this is evident without even having to dig very deep.

AdolfinWolf

legendary

Activity: 1946

Merit: 1427

Quote from: dopey on July 09, 2019, 10:37:05 AM

To then lie to your users and try to cover your mistake instead of taking responsibility for your actions is shameful and it is no wonder they are using a Belize and Seychelles setup for the incorporation of their business. Only companies looking to avoid lawsuits or legal action would set up this type of infrastructure.

Not necessarily. They're in general simply useful for businesses who don't want to abide every law/regulation that the US/EU shits out.

Anyway, although you didn't really mention what you meant by washtrading except to mention it in your title, i do think you're right. Their traffic rankings are almost *exponentially* lower than all of their competitors, yet they sometimes have twice the volume.

This is the case for most exchanges listed on CMC though, all of them except for maybe binance, bittrex, and a handful of others.

Some comparison:

https://coinmarketcap.com/exchanges/p2pb2b/

Code:

24 H Volume - $168,319,947 USD 
13,362 BTC

https://www.alexa.com/siteinfo/p2pb2b.io

Code:

Alexa ranking: This site ranks:
#72,901
in global internet engagement

Code:

Global Rank
Worldwide
 95,917

Now lets take a look at some of their direct competitors in the # reported volume metrics:

Code: (https://coinmarketcap.com/exchanges/gate-io/)

$153,097,381 USD 
12,156 BTC

Code: (https://www.alexa.com/siteinfo/gate.io)

This site ranks:
#17,010
in global internet engagement

https://www.similarweb.com/website/gate.io - 2.7 million visits.
https://www.similarweb.com/website/p2pb2b.io 0.5 million visits.
Gate.io gets 5 times as many visitors as p2pb2p.io, yet they have a lower volume. >big brain time.

Another one:

Code: (https://coinmarketcap.com/exchanges/bittrex/)

$90,232,784 USD 
7,168 BTC

Code: (https://www.alexa.com/siteinfo/bittrex.com)

#4,109
in global internet engagement

https://www.similarweb.com/website/p2pb2b.io#display
30% of their traffic is referral of which another 50% is from faucets. That must definitely inflate their traffic stats as well.

dopey

hero member

Activity: 1008

Merit: 514

I did receive my BTC back for this reversed trade and immediately withdrew it from this exchange for obvious reasons. The issue is that because of P2PB2B not being able to solve this problem or even disclose it for weeks, Hempcoin is actually waiting on them to enable and execute withdrawals in order to migrate to the Komodo platform and perform their swap.

It will not matter to them that I executed this trade about 3 weeks ago in preparation for this swap and am now left with 0 ability to reacquire this position. That is, unfortunately, my problem and besides the point.

The bigger issue is the fact that they are trying to cover this up and reverse trades from 3 weeks ago to fix a mistake they made a few months ago. There has been no transparency or honesty coming from their end and this alone raises many red flags.

Another issue, many exchanges that get hacked are due to a new coin being introduced with malicious code or some sort of back door programmed in.

If they can't even set up Hempcoin properly and are sending free coins to users, allowing users to withdraw and spend these coins, mixing this whole mess in with legitimate trades and transactions, reversing trades from weeks ago, blocking, banning, and lying to "customers" to cover it up...

How safe are your holdings with this company?

With the number of coins they are signing up on a daily basis, apparently whoever pays the fee, do you believe they have the technical capability to properly vet these projects and ensure your funds are safe?

I am fairly certain in the next couple of days/weeks I will see the rest of my legitimate trades reversed from 3 weeks ago and anticipate losing my entire position on this trade which again was 2.6 million (1% of the circulating supply).

Terrible experience with these guys.

suchmoon

legendary

Activity: 3654

Merit: 8909

https://bpip.org

Did you get your BTC back? I.e. are you able to withdraw, not just see it in your account?

dopey

hero member

Activity: 1008

Merit: 514

After a more thorough investigation with other Hempcoin users, it appears that this may be a matter of technical incompetence that has put users funds at risk.

From what I have seen it appears that P2PB2B made a technical error with regards to the staking feature and have been sending free Hempcoins to users. Some of these users withdrew their free coins or sold them for BTC and now due to complete incompetence on their end they do not have the balance to cover legitimate pending withdrawals.

Instead of eating these losses due to their own incompetent tech team, they have decided to rollback legitimate trades from parties not involved in this tech error and canceling their orders from 2.5 weeks ago.

Additionally, instead of admitting their mistake, they have pretended that a fraudulent transaction took place. Here is their response to my support ticket.

"One of your buy orders from 2019-06-14 20:27:17 THC_BTC amounting to 565 343 THC was reverted in order to help you to avoid any financial losses. We discovered that THC`s, which the seller sold you during this deal, were obtained in a result of fraud. The amount of BTC you spent for this deal was credited to your account."

A quick check of any Hempcoin holders deposit history on P2PB2B will clearly show free coins being deposited over the last few months (appears to be from May 20th to June 2nd) and will look something like this.

Code:

Jun 2, 2019, 11:40:02
THC
6257.9
transactionStatuses.16
Jun 1, 2019, 15:05:02
THC
1568.4
transactionStatuses.16
Jun 1, 2019, 02:40:03
THC
1574.3
transactionStatuses.16
May 31, 2019, 13:50:02
THC
1568.9
transactionStatuses.16
May 31, 2019, 06:10:02
THC
1573
transactionStatuses.16
May 30, 2019, 22:35:03
THC
3134.8
transactionStatuses.16
May 30, 2019, 11:50:03
THC
1573.5
transactionStatuses.16
May 30, 2019, 05:35:02
THC
3136.9
transactionStatuses.16
May 30, 2019, 02:20:02
THC
1567
transactionStatuses.16
May 29, 2019, 21:05:02
THC
1572.2
transactionStatuses.16
May 28, 2019, 16:55:01
THC
3129.6
transactionStatuses.16
May 27, 2019, 18:15:02
THC
1570.5
transactionStatuses.16
May 27, 2019, 16:05:02
THC
790.4
transactionStatuses.16
May 27, 2019, 08:10:03
THC
1568.1
transactionStatuses.16
May 27, 2019, 01:20:02
THC
3135.8
transactionStatuses.16
May 27, 2019, 01:20:02
THC
3134.3
transactionStatuses.16
May 26, 2019, 22:40:02
THC
3133.3
transactionStatuses.16
May 26, 2019, 16:55:02
THC
3131.7
transactionStatuses.16
May 26, 2019, 13:45:02
THC
1567.3
transactionStatuses.16
May 25, 2019, 21:50:02
THC
6256.8
transactionStatuses.16
May 25, 2019, 17:25:03
THC
3130.1
transactionStatuses.16
May 25, 2019, 06:30:02
THC
6255.8
transactionStatuses.16
May 25, 2019, 00:30:02
THC
3132.2
transactionStatuses.16
May 24, 2019, 20:05:02
THC
6261
transactionStatuses.16
May 24, 2019, 19:20:02
THC
3136.4
transactionStatuses.16
May 24, 2019, 10:55:02
THC
6260
transactionStatuses.16
May 24, 2019, 02:15:02
THC
12507.1
transactionStatuses.16
May 23, 2019, 12:45:02
THC
6262
transactionStatuses.16
May 23, 2019, 11:40:02
THC
12509.2
transactionStatuses.16
May 23, 2019, 10:40:01
THC
6258.9
transactionStatuses.16
May 23, 2019, 07:40:02
THC
12511.2
transactionStatuses.16
May 22, 2019, 13:25:02
THC
12505
transactionStatuses.16
May 22, 2019, 12:10:03
THC
25009.6
transactionStatuses.16
May 20, 2019, 22:35:01
THC
25005.5
transactionStatuses.16
May 20, 2019, 11:15:03
THC
50006.4
transactionStatuses.16
Mar 29, 2019, 19:40:02
THC
20000
Successful
Jan 31, 2019, 11:30:03
THC
100000
Successful
Jan 31, 2019, 09:50:01
THC
50000
Successful
Jan 31, 2019, 09:25:02
THC
500
Successful

To display this level of technical incompetence is a massive issue itself for any exchange.

To then lie to your users and try to cover your mistake instead of taking responsibility for your actions is shameful and it is no wonder they are using a Belize and Seychelles setup for the incorporation of their business. Only companies looking to avoid lawsuits or legal action would set up this type of infrastructure.

P2PB2B are incompetent from a technical and security standpoint and also lack the integrity and business ethics to handle other peoples money in my opinion.

To clarify* My account was never sent any free Hempcoins and my trades and attempted withdrawal are 100% legitimate and accurate. I did not even create an account with P2PB2B until June 12th and have nothing to do with these technical issues.

dopey

hero member

Activity: 1008

Merit: 514

I recently purchased a large amount of Hempcoin from P2PB2B and after trying to withdraw from my fully verified account and after successfully sending a 600 Hempcoin test transaction, I tried to withdraw my remaining balance.

The number of coins I tried to withdraw was 2.6 million (1% of the entire circulating supply)

This withdraw was delayed and showed a status of needing withdrawal from the cold wallet. This was on the 28th of June.

After waiting patiently for 3 days I contacted them through tickets, live help, and Telegram. They kept sending me the same reply on all channels "please wait". I waited another 24 hours and contacted them again, they reacted by blocking me on Telegram and disabling my ability to contact them through live help.

I reached out to Hempcoin developers, who I have known for years and work closely with, and I was informed that he was also facing a similar problem and could not withdraw his coins either.

P2PB2B then took the Hempcoin wallet offline and disabled deposits and withdrawals.

After waiting nearly two weeks I log in today to check my balance and 600k coins are missing from my balance and I receive an email saying "Hello. Due to the discovery of the sale of unauthorized coins, one of your purchase transactions in the pair THC_BTC was rolled back."

I have been a coin dev since 2014 and have had trading accounts with many of the most popular exchanges. I have never had a withdrawal delayed for 2 weeks and never had trades that I made rolled back by an exchange because they don't have the balance to cover their trades.

I am accusing this exchange of theft, wash trading, and selling assets that they do not even own. Has anyone else experienced issues with this criminal operation?

To help others avoid being scammed please endorse my complaint with them located here https://bitcointalk.org/index.php?action=trust;u=2509426;page=iflags
Additionally, I encourage you to leave a negative trust if you also feel this exchange and these individuals are a risk to the community. - https://bitcointalk.org/index.php?action=trust;u=2509426

Topic: P2PB2B Scam!! Selling coins they don't have, wash trading, fraud and theft! (Read 2288 times)