Topic: [SCAM] WhalesHeaven (Read 969 times)

What progress?
Did you expect after all the red flags I posted a year about this so-called "company" for anything to happen?
First thing is that was have changed in Estonia, they have no license to operate a crypto exchange there, their company hasn't filled a single document since inception, what more do you want?

They've left the website online and their bot grabbing headlines and posting on Twitter to simulate activity, maybe somebody will be stupid enough to deposit a hefty amount of currency and they will be gone with that.
I don't know why you would even bother checking them out after all this time, it was garbage from the stat now it's worse than that.

It is no use to open an ANN thread. It seems that their platform has no demand at all. Half a year ago I have tried to exchange my WHT tokens to Bitcoin, but failed. There were some problems "automatic actions on the platform". That time there only several offers on the platforms. Times has passed and I see the same several offers.
Dont know why would even anyone wants to use their platform, when same p2p exchange can be performed on Binance with zero fees.

Then prove it, we are wacthing in this thread and also with your project, wait for days and you will begin to see that some of ranked account here who are capable of thorough investigation for scam project will soon will see your project. Goodluck!

We are pioneering a new way to exchange cryptocurrencies. Atomic swaps turned out to be good in theory and bad in practice. We took the idea and implemented that with multisigs.  There are lots of complex cryptographic things that we implement and now have to explain. We know that not everyone can understand right away what is there inside. Hence, we are working on to provide better explanatory materials at the moment.


payments for the week one and two were made as stated in the bounty campaign description


We encourage you to check you facts better. We are not selling tokens. We don't have a white paper. Our FAQ has never contained any plagiarism. The only issue we had with a privacy policy document, which is not something big. www.whalesheaven.com is fully associated with the WHALESHEAVEN OÜ reg.number 14841588 which is incorporated under the Estonian law.






The community does a good job in battling the scam projects, however apparently sometimes this battle becomes opinion based. At this point the discussion became rather emotional than factual. We can prove with the facts that whalesheaven project is a legit project. Please read and see what we answered before in this thread. Once again we are fully open to any questions. Please do ask if something is unclear to you instead of jumping right into the conclusions.

Whalesheaven team will launch the project even with accusations though. The only that matters now is to spread to the community to never trade on the scam exchange.

You can never deny the fact that most people here are smart and they've always do their assignment to research and to disprove all of the people and thread that has been posted here that smell fishy, feel sorry for you man your project is now tagged.

Taking a cue from all the analysis of members, this project don't deserve investors trust, why is it that whenever we see something wrong about the project, like copy pasting their whitepaper, these projects always give us a lot of alibis that they overlooked things I'm speaking for all the projects that copy paste their materials and giving bad excuses about their project, before you come out posting and promoting your project, be sure that all things are in order, if you have an intention to scam you will always get caught.

Then I did a excellent job on whalesheaven bounty project, I spent few minutes on the project and I saw that it's not worth it, can't even understand the whole idea, I knew something is off, anyways, thanks OP for sharing

Weekly payments is the fact, please have a look. The plan that it's going to be changed to monthly payments is well shown. Four weeks participants receive tokens as stated in the title. After the first month the title will be changed to ✅✅✅Monthly payments!✅✅✅, thus it will fairly represent the current frequency of payments. After week 4, if a participant is not agree with updated frequency it's up to him to leave the campaign with earned tokens in own pocket.


Please be more specific, what exact statements present on the website you find lying?

People can't deposit coins on WhalesHeaven because it's a P2P exchange. It's mentioned above that to proof our goodwill we are going to integrate trustpilot. WhalesHeaven is open to discussions and if you have suggestions on how we can become more trustworthy please do share.

Even if they are not running an ICO the fact that they are giving lies on the information on their website is enough to consider them as a scam projects, they are running a bounty campaign for awareness because they have an exchange platform, people are going to deposit their coins there and that will be the opportunity for them to scam people.

How about the title of this thread? it's indicated that it is a ✅✅✅Weekly payments!✅✅✅ do not put it that title in there if it was plan to changed. Your thread title is misleading you want to attract more participants in your campaign that's why you need to do such title of course.

We are grateful to the community that helps us make the product better. The pointed mistakes were fixed within hours. None product was made ideal from the start and its continuous improvement makes it perfect. Our team is listening to users, we are open for any critics and willing to improve the user experience.


please have a look at the FAQ section. The platform does not support crypto to fiat deals and as a decentralized solution it does not need a license for crypto to crypto deals.


Currently, it is a possible scenario, however this will badly damage the platform's reputation. We are working to provide a 100% secure and decentralized solution for large transactions. our ideal scenario is to ensure that both seller and buyer can ensure they are making the deal with each other and that they are sending money to each other's wallets. Biggest issue that we are working on to solve is to protect participants from MITM attack. This is a very complex topic and should be solved for every single blockchain in a different way.

One of the things that we will provide after this conversation is we will integrate trustpilot so users can have an independent source of trust.


There were no 1.2 million. In fact, Citowise has never raised any amount of money, it was self-funded until the end. All the claims were marketing mockery and the person who was in charge of that is not a member of  the WhalesHeaven project. If that wouldn't be the case then there would have been at least some legal allegations against Citowise. Citowise is still a legal entity in Estonia and none of the founders had any issues with authorities.

That doesn't change the fact that you rushed an unfinished product to customers without a double check
Who would trust a company with a large amount if they can't get their registration right?


Get a better lawyer or update him with the latest laws.
As long as your platform is part of an exchange where virtual currency is exchanged against fiat currency, you need a new license, and the rules are different now.


All the multisig mumbo-jumbo is useless when the company is in cahoots with one of the parties involved in the transaction.
And with what you have shown this far it's a bit hard to try and believe you.


Let's see the story from a  different point of view
- you blew 1.2 millions of investors money
- you claimed to have funded 11 million in different ICOs and nobody saw a cent
- you stopped communicating with your investors, you stoped releasing news, you never told people about the struggles, suddenly you simply disappeared.

So, why should anybody trust you?

It is very good to know that you know that these kinds of things are a big red flag


this is a very weak argument, the first thing people do is to check whether the information they are posting to the public is true or not! you don't start with a project aimed at the public by putting false information

Thank you for your attention to such details. Your concerns are understandable since many scams occurred in the crypto industry. Such a thing as a wrong registration number on the official website is a big red flag.

However, you have to understand the reality of a startup and why such things as a wrong reg number or poor TOS happened. The main reasons are the speed of development and team size. The startup has to go fast and focus on the main features which are multi signatures and the app itself. So reg number 1234567 is a simple entry during the development phase which made it to production unnoticed. There is still lorem impsum in the about page as well. We are working on that and fixing asap. You don't have to take words for granted, here are the facts:

1.The company called WhalesHeaven OÜ is officially registered in Estonia
the reg.number, address, and company name from official register now fully match the ones on https://www.whalesheaven.com/
2.Quickly composed development phase TOS were replaced.
3.WhalesHeaven doesn't need a financial license for providing its services, due to the way our business model is functioning. This is according to Estonian law. We cleared that case with our layers. WhalesHeaven is an Atomic swap platform built on multi signature wallets. We are ready to discuss and evade any concerns and arguments regarding safety and security of the approach we took. There were many internal discussions about how to protect user funds in all negative scenarios and we will continue to work on strengthening  the vision we have.
4.Please provide concrete examples of how multi signature could be misused so we can discuss and defend against that analogy. For now, you can inspect the code on Github and read FAQ. Simply put there are always three signatures involved. It makes impossible for the platform to steal money
5. Part of the WhalesHeaven team indeed worked in Citowise. That information is public and never meant to be hidden. Citowise failed to raise funds and hence struggled to survive. The project still operates and we might open source its code base. But let's face facts. The wallet was operational and secure and the technical side of it still has some solutions that are unmatched on the market.

Please ask any questions if you still have doubts about the legitimacy of the WhalesHeaven platform

Also their registration address Pärnu mnt 45, 10119 Tallinn, Estonia is strange. According to google under this address movie theater is located.
Probably this address was randomly chosen for web-page, same as companies registration number. Or this is a place for mass company registration.

You can scam customers without an ICO or tokens, just by taking their money which they entrust to you.
Don't give me that multisig no custodian bs I've seen enough of these deals turning to scams

Normally I wouldn't accuse you of being a scam just because of a poorly written terms page but can you explain this?

http://archive.is/n6cPa

There is no company with that number registered.
There is a WhalesHeaven with reg number    14841588 but..


You're not registered for financial services.

And coming back to ICOs, why don't you post from your former business account?  
https://bitcointalksearch.org/user/citowise-1242455

I'll answer briefly and elaborate later on. Perhaps our team doesn't fully understand the core of these accusations? please explain:

• How can  we scam people if WhalesHeaven does not sell WHT tokens?
• Why would we need to show a team, whitepaper, onepager if we already have the app up and running? Once again we don't run an ICO/IEO
• How does changing password & email on a newbie account support the accusation?

here I just repeat the answer



How is it misleading? It's written and highlighted that for the first month the bounty hunters get their tokens weekly and after that period - monthly

Even their title is misleading :  [BOUNTY] WhalesHeaven P2P Exchange! 🔥🔥🔥300 000$!🔥🔥🔥 ✅✅✅Weekly payments!✅✅✅

It says that they will pay weekly but they says that it was monthly, i don'y know what they want to do with the participants.

What happened:: Plagiarized Wbsite Content

Scammers Profile Link: plagiarized

Reference Link: https://bitcointalksearch.org/user/whalesheaven-2809340

Additional Notes: No Team, No roadmap, No whitepaper, No onepager

Webiste: https://www.whalesheaven.com/
Archive: http://archive.is/wip/n6cPa
Terms and Conditions: https://www.whalesheaven.com/pages/terms-of-use
Archive: http://archive.is/wip/ScUlE

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