Author

Topic: [SCAM] Cashlon Casino - plagiarized whitepaper from Mintdice (Read 143 times)

legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
I hope these guys dont end up pitching their scam to some new(-ish) bounty manager and then end up scamming both the bounty manager with a fake future payment and the bounty participants who are going to join the bandwagon just like another scam casino has been running its campaign and being joined by negative trusted users.

Anybody who reads this, should be assured that Cashlon is a scam and one should not expect any legitimate operation to be running from this site. Gambling on this site, you will be scammed of your money. Dont even think about assisting them in managing a bounty campaign, you will risk your own reputation.
legendary
Activity: 1722
Merit: 5937
That's a great find, Rikafip. I'm sure this will impact their plans at least a little.
Well, I do hope that I at least messed up their plans about having bounty campaign here as I am pretty sure that no decent manager with touch this with a ten foot pole. They might find someone willing to do the job nevertheless as forum doesn't lack those willing to promote scams in exchange for a couple of $.


They did act in line with their name, after all, their ticker was named "CLON".  Grin
Haha my thought exactly when I saw that they took some stuff from Mintdice.


Regarding their team, I believe you're right. Neither Google, nor Facebook, nor Twitter, nor LinkedIn find anyone named "Mark Deltan". I have yet to meet a CEO of a company who hasn't left a digital footprint online. No matter how small. Even if he lived under the rock all this time, there would have been mentions of it somewhere.
Yeah, names do sound too generic and as I said, that was the the first suspicious thing that I noticed, that made me check it a little bit deeper. Regarding CEO, his Instagram account is private and I don't plan to create the account and follow him just so I am sure whether he is real or not as at this moment it wouldn't change anything even if he  exists.
legendary
Activity: 1624
Merit: 2594
Top Crypto Casino
That's a great find, Rikafip. I'm sure this will impact their plans at least a little.
They did act in line with their name, after all, their ticker was named "CLON".  Grin

Regarding their team, I believe you're right. Neither Google, nor Facebook, nor Twitter, nor LinkedIn find anyone named "Mark Deltan". I have yet to meet a CEO of a company who hasn't left a digital footprint online. No matter how small. Even if he lived under the rock all this time, there would have been mentions of it somewhere.
hero member
Activity: 2926
Merit: 567
Good catch you saved many potential players and bounty hunters from participating in this project, thanks to julerz12 for the fast action locking the thread and giving out notifications to potential investors I recommend highlighting the notification for all to see like highlighting in red, but anyway they are caught before they even take off.
legendary
Activity: 1722
Merit: 5937
What happened; as the title says, Cashlon took content from s everal different sources (MintDice, Fasttoken, Investopedia) without adding it to the reference. While it's trie that they did include some less important ones, they decided not to include rest of it as it would be obvious that they written very little by themselves and that majority of their whitepaper material is taken from others.

Ann https://bitcointalksearch.org/topic/ann-cashlon-clon-is-a-decentralize-online-casino-gaming-platform-5388707
Archive https://archive.ph/F828r

Website https://cashlon.info/
Archive https://web.archive.org/save/https://cashlon.info/

Whitepaper https://web.archive.org/web/20220308105317/https://cashlon.info/whitepaper.pdf

Original sources: https://www.mintdice.com/blog/centralized-vs-decentralized-gambling
                         https://www.investopedia.com/
                         https://medium.com/@fasttoken/centralized-vs-decentralized-gambling-the-case-with-bet-365-f98c6b0ff5


So, lets start with some proof from their whitepaper. On the left side you can see Cashlon WP and on the right side content from Mintdice blog






Screenshot on the left is comparison between Cashlon and Fasttoken medium article. As you can see, they are unable to write even this kind of project explanation and have to take it from someone else.




There is bunch of other copy/paste examples, especially from Investopedia that weren't referenced at all. Here are few exampes:

There’s one certainty in gambling—nothing is left to chance. The house always comes out the winner in the end. A casino is a business, not a charitable organization throwing free money away. Like any other business, it has a business model in place designed to ensure its profitability. No matter what game you choose to play, the odds of the casino winning your money are greater than the odds of you winning the casino’s money. That’s because all casino games are designed to provide the house with a built-in edge, diminishing the chances and size of potential payouts.

There’s one certainty in gambling: Nothing is left to chance. In the end, the house always comes out the winner. A casino is a business, not a charitable organization throwing free money away. Like any other business, it has a business model in place designed to ensure its profitability. No matter what game you choose to play, the odds of the casino winning your money are greater than the odds of you winning the casino’s money. That’s because all casino games are designed to provide the house with a built-in edge, diminishing the chances and sizes of potential payouts.

Many people who are aware of the house edge still don’t really grasp its implications for their bankrolls. They believe that the roughly 5% edge the house has at the roulette table means that they can reasonably expect to sit down with $100, gamble for a few hours, and the odds are that they will only lose about $5. They fail to understand that the house edge doesn’t apply to their starting bankroll, but to the total amount they wager. The longer you play, the greater the odds are that the result of your play will match up with the house edge. A player may well be ahead in the short term, but over the long haul the house edge will eventually grind them down into unprofitability.

Many people who are aware of the house edge still don’t really grasp its implications for their bankrolls. They believe that the roughly 5% edge that the house has at the roulette table means that they can reasonably expect to sit down with $100, gamble for a few hours, and the odds are that they will only lose about $5. They fail to understand that the house edge applies not to their starting bankroll but to the total amount that they wager. The longer you play, the greater the odds are that the result of your play will match up with the house edge. A player may well be ahead in the short term, but over the long haul, the house edge eventually will grind them down into unprofitability.


But all this really started when I check their website and saw their team. I've busted quite a few scams and saw enough fake team members so I can regognise when something fishy is going on. Maybe I am just too paranoid, but all these names sound to me like they were taken from some name generator. Add on that no social media profiles (all they have really are links to their Tg profiles, expect CEO who has Instagram account as well).





Given the evidence, I think it's pretty much obvious what is going on here; another lazy scammy altcoin project. Looking at the comment made by OP (@julerz12) they planned to have a bounty campaign as well to spread this scam further which I  kinda doubt it will happen now.
Jump to: