Topic: [p2pb2b.io] The next generation cryptocurrency exchange [IEO (STO) for Startups] - page 5. (Read 4529 times)

Thank you for bringing that to the attention of the forum.

What amazes me is the fact they must file their company annual taxation accounts at some point. Now if they file their company accounts using the inflated fake figures then they must pay tax accordingly for those figures in that accounts period. They are not able to pay taxation on incomes of over $60 BILLION so they should not be inflating their figure now.

If they use the "real" figures and file those then it becomes available publicly so for example if they had annual income from trading fees at $200,000 in official documents but shows $60 BILLION on Coinmarketcap then they would look even more foolish than they do now.

Their p2pb2b and coinsbit websites have next to no traffic so I would be surprised if their true figures were even over $10,000 a month combined for both scam websites:

https://coinmarketcap.com/exchanges/coinsbit/
https://coinmarketcap.com/exchanges/p2pb2b/
https://www.alexa.com/siteinfo/coinsbit.io
https://www.alexa.com/siteinfo/p2pb2b.io

The reason why they are blocking withdrawal for so many coins is because they have stolen those funds and invested by converting to other crypto in the hope of making a profit and then returning those funds back or simply to selectively scam customers.

I can confirm fake trade volume for Dogecoin there. I know because I try to trade there with them.
There are open orders less than 0.5 BTC even if they say "Volume 24h: 33.534 BTC / 115637026 DOGE". I am not sure that is possible with such a small quantity of this coin. Also, it's not possible to withdraw this coin

Thank you for the post examplens.

p2pb2b have already stated they used to be part of the same team but are no longer yet they update their websites at the same time.

If (and this is a BIG if) the p2pb2b scammers really are having annual gross incomes of over $60 BILLION then even 0.5% of that being commission based profit would be $300 MILLION pre-tax income and even a miserly commission of just 0.05% would mean $30 MILLION pre-tax income yet they use the same website as Coinsbit and became active towards the end of last year just as Coinsbit did.

Both started promoting IEOs at the same time.

Both are vastly over-inflating their volumes and sending to Coinmarketcap in the hope of pulling in new customers.

The most important thing is if they were a real exchange and really disassociated from Coinsbit they would ensure they left no clues behind.

Latest post of p2pb2b user here is from 26.Jully. Even if they do not post anything, he still online yesterday (29.Jully). So they read all discussions here but no sounds and explanation to any of accusation. It can be a serious exchange/service if they can't hire one person to manage communication with users.
I am not sure about the connection between Coinsbit and p2pb2b but they did nothing to prove otherwise.

I think they will refuse to answer your question and will continue to lie by denying the Coinsbit and p2pb2b connection.

I'd like to add one simple question to the AMA:

1/ How many people involved in p2pb2b/coinbits project or this is solely Solodovnik's adventure?

Maybe they will be kind enough to answer the following:


1) What is the real connection between Coinbit and p2pb2b

2) Why their much touted "Headquarters" is a mailing address that houses over 800 other companies that use the same 3rd floor office address to impress and fool their respective users:
https://suite.endole.co.uk/explorer/postcode/w1u-6tu

3) Why the company that is registered in London, UK (PARTIDA TECHNOLOGIES LLP company number OC427053 3rd Floor, 120 Baker Street, London, England, W1U 6TU) is owned by offshore companies in Belize and Seychelles

4) Why p2pb2b are sending fake data to Coinmarketcap because they claimed to process $85 MILLION in previous 24hr volume at the time of writing this post which equates to $31 BILLION minimum income over the year yet a few days ago was claiming $167 MILLION a day and $60 BILLION income over the year

The account p2pb2b.io hasn't logged in since I asked the question, so I suppose we can give them a few more days to answer. If they don't answer - then we will know the truth.

I would go a step further.

It seems clear they intended to selective scam you but only backed down and gave access to your account after you sparked a massive backlash against the scammers and all my warnings about Coinsbit and p2pb2b scammers going back nearly a year have been proven to be accurate but users are only catching on now...

Please withdraw all your funds from that scam p2pb2b exchange and move them to other wallets.

Hello.

Yes, I can confirm that account was unblocked.

So sad it took 3+ weeks and "red flag" here to solve this issue.

P.S. My 2FA was active when I've logged in after account unblock.

Thank you for leaving negative feedback for most of those 8 sock-puppet recently purchased accounts that have flooded the Coinsbit thread. Pages 47 and 48 show their "replies" to each other and show exactly how pathetic those imbeciles are: https://bitcointalk.org/index.php?topic=4971628.920



Thank you for posting these threads to make clear you completely reject the version of events (lies) that p2pb2b put out trying to shift the blame on to third parties when they get caught out.

The actions of this organization completely lacks any sort of business ethics.

They have no problem lying and stealing from their users and take 0 responsibility for the mistakes that they clearly made. This is the complete opposite of exchanges like Binance who take responsibility and accept financial losses for their mistakes or security breaches.

P2PB2B has no problem being completely dishonest and making users pay for their mistakes while providing 0 explanation for their actions and what's even worse is they publicly lie about the situation. This is shameful behavior and must be illegal, it's only a matter of time before you see class action lawsuits coming their way.

You might also notice they conveniently avoided this question on the previous page of this thread.


Well P2PB2B? We are waiting?

The fact that they are openly lying confirms that this is a scam exchange. I would advise all forum members to withdraw their funds from this exchange immediately & tag appropriately - all flags legitimate.

Here is the short version:

I recently purchased a large amount of Hempcoin from P2PB2B and after trying to withdraw from my fully verified account, I successfully sent a 600 Hempcoin test transaction, I then 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 these guys?


Update:  

Here is what this exchange had to say after leaving me waiting for 1.5 months without any sort of explanation except to "please wait we are working on it"

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.


Here is my response and the truth

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

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?

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.

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, I also 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?

This is your opportunity to come clean, admit your mistake, and make amends to the community.

Awaiting your response...

And yes, you can block me on Telegram and Twitter for asking these questions and providing this evidence but you cannot block me here. This problem is not going away.

This is obviously not the type of customer service you deserve and these thieves should not be trusted with your money.

Do not use this exchange. I have been around since 2014 and used most of the popular exchanges out there. I have never seen anything like this. They have no problem lying to the public and making false statements. Be very careful.

They are lying about their trade volume
They are lying to their customers
They are lying about technical issues
They are lying about their affiliation with Coinsbit

What else?

P2PB2B cannot be trusted with your crypto or your upcoming IEO / STO. I am a coin developer since 2014 and I encourage you to read the following thread before you are financially harmed by these thieves.

https://bitcointalksearch.org/topic/p2pb2b-scam-selling-coins-they-dont-have-wash-trading-fraud-and-theft-5163367

Yet another fabulous twist of my story.
Even more hilarious than Valery Solodovnik's initial scamming attempt.

Now it's clear that p2pb2b exchange provides personal data of it's users to third parties.

Russian bitcointalk's user Pavel Savelyev in defend of Solodovnik said yesterday:


How hell he knows about my KYC status? What's the source of his information? Me? I never ever said about it in my p2pb2b related posts. So the only source is Solodovnik himself providing such a confidential info to Savelyev.
Sure there's possibility that p2pb2b exchange and Semux coin are affiliated entities then the scam attempt looks even more interesting

Stay tuned and keep watching.

Pathetic excuses. No regulator asked you to block the account operated by konungbarber, you decided to selectively scam him.

So your "fear" of regulation and accepting an alleged request by the regulator was behind the blocking of the account BUT you have no fear of any regulator when you inflate your volumes to the tune of $167 MILLION a day which equates to $60 BILLION per year - yet you are posting here in this forum with no "real" users coming here praising your service. You hire 8 sock-puppet recently purchased Russian accounts to pump the Coinsbit thread but advised them to keep from p2pb2b threads otherwise the connection will be even more obvious. Imbecile.



What a load of rubbish. You just claimed the regulator was involved in the blocking of the account and you will not reveal the reasons for blocking the account. You are a scammer, no regulator requested the account to be blocked. You attempted to selectively scam konungbarber but you made a big mistake because the forum has destroyed your reputation.



p2pb2b and Coinsbit are sending fake volumes to Coinmarketcap in the hope to fool investors and attract new users

ALEXA RANK - https://www.alexa.com/siteinfo/coinsbit.io
ALEXA RANK - https://www.alexa.com/siteinfo/p2pb2b.io

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



The user konungbarber stated the issue started on 1st July 2019 and his requests for resolution were falling on deaf ears. On 18th July 2019 he opened a scam thread and then you finally acknowledged him. After 4 days of that scam thread starting you claim to have miraculously unlocked his account. Definitely not a bit of a co-incidence especially since you refrained from posting in the forum even though you were definitely looking around but could not handle the negative posts.

No, if konungbarber had his account unblocked then it was purely because you messed with the wrong person when you selectively scammed him as you never expected him to make a scam thread here and you never expected the anti-p2pb2b reaction either.


Whatever...

Your p2pb2b reputation is in tatter way beyond the forum. People outside the forum are exposing your scam too. Hopefully they will start mentioning Coinsbit and p2pb2b together as they are one and the same scam outfit.


https://www.cryptoinfowatch.com/p2pb2b-what-happens-when-fraudsters-operate-exchanges/

In which country are you licensed & what body are you regulated by?

Please post links to the relevent institutions so that customers can verify your licence credentials, ownership details & business address.

Thanks.

Hello

related to topic https://bitcointalksearch.org/topic/p2pb2bio-has-blocked-my-account-without-any-explanation-looks-like-scam-5166605

Please understand that we are a regulated licensed institution and are bound by very strict AML/CFT regulation, internal compliance/AML procedures. Our procedures are registered by the regulator and not meeting them may cause criminal liability.
At certain circumstances we are forced to freeze accounts of users - it is the demand of law and it is how the regulated financial world works at a moment whether we like it or not.

Besides, as you understand, we can't share nor our correspondence with regulator nor process of the investigation nor the exact reasons for blocking the account.

It is the choice of each person to deal with regulated exchanges with compliance, AML, KYC demands or with not regulated who don't face such issues.

At a moment the issue, discussed in the topic, is solved. The account is unblocked.

I want to repeat again: p2pb2b.io is free of scam

All queries were solved.

Thank you for your time, guys.

So they are deliberately delaying replies to other users especially those trying to withdraw funds??






Hopefully you are right but when they make their exit scam they will definitely maximise their gains from stealing all their customers funds at Coinsbit and p2pb2b

Now you list the withdrawal fees, it has to be said they are extortionately high and going in to maintenance mode is a usual tactic most exchanges use when they are arranging their exit scam or arranging to selectively scam users.

I do not know which major coins you refer to when saying they are not possible to withdraw but they are scammers they can selective scam users any time they like.