Topic: █ Spectrocoin.com imitated a transfer of 64 BTC. Then removed 24+ BTC more - page 3. (Read 13207 times)

We did not keep funds, they are temporarily suspended until the situation will be solved.

Did you return his Bitcoin or did you keep them for yourself Spectro?

That's what we want to know.

Great Location for a virtual Office as well btw

 

Spectro Finance Ltd
2 Lansdowne Row
London W1J 6HL
United Kingdom


http://www.citibox.uk/

I do not know why, but I got one negative feedback for violating privacy.

We have explained our position immediately after allegations, other discussions were emotions, not fact based, hence we wanted to avoid emotion-based discussions. As the story was this: a new member drops allegations and people who have no information starts to attack us based on emotions.

Why'd you leave for a couple months when this scam accusation was created? Why do you think that you would get negative feedback for offering proofs of complaints? Is there anywhere in the terms and conditions that states you can do this for those exact reasons?

To finish this discussion, we want to state the following:

The allegations of us being scam are false and misleading. The guy stating so, is a pure fraud and a scam. To make the story short:
First, the technical issues about which everyone is worried are related to the status “completed” as the transaction has passed the wallet interface, but was stopped before being broadcasted (and the status was not reflected in the user interface). This is was a technical issue, which now has been solved.

Second, there are complaints regarding this client (however we cannot comment more on them due to privacy issues as I have already got a negative feedback for it), hence we will be able to unfreeze the funds either the complaints will be solved or we will receive required documents. On the other hand, this person has only created a forum account to discredit us and has provided fake documents and is only telling a small part of the full story.

One more time, we have more than 100,000 happy clients and we are working hard to expand our services and I believe that an incident with one scammer trying to discredit and blackmail us will be understood as an accident which can happen for everyone. It has taught us a lesson, that in addition to reliable, fast and low-cost services, we have to work even harder to ensure the trust of our clients.

I hope you guys get this sorted. I recommend filing a small claims court complaint.

Hi guys. I am lithuanian myself. Tell me how its ended. If they stole that money we can go public with that. I could write an article in lithuanian. Just because i have been scammed for 110€ as well...spectrocoin is death

they paid me that, just a bit late

These fraudsters in the bitcoin community is cancer to us, we can't tolerate such a scam.

Spectrocoin is a scam. Please do not subscribe to their services. Do not order their debit card.

Victims should collectively gather and warn others on their facebook page:

https://web.facebook.com/spectrocoin/

The people managing Spectrocoin are selective scammers. They will welcome limitless bitcoin deposits but do everything to prevent access to those deposited bitcoins. Again, they are scammers. Conmen. Fraudsters.

This is a Lithuanian-managed company. Most Lithuanians are known for being fraudsters. They and other eastern europeans are all over the news for ATM skimming and other fraud-related activities. They have been arrested here in Asia for manipulating ATMs, most recently:

https://www.finextra.com/newsarticle/29190/arrests-made-in-taiwan-atm-swindle/retail

For the sake of and safety of everyone else, please post on their facebook page to warn others of this fraud.

after some reasearch i've found some complaints also here
https://forum.bitcoin.com/scam-accusations/spectrocoin-scam-of-100-bitcoin-t7310.html

https://www.reddit.com/r/Bitcoin/comments/2l54db/qiwi_romaniaspectrocoin_scam/

however to many complaints won't convince me to ignore them and use spectroin services/ ATMs, i work hard for my bitcoin and i wont allow a scammer to steal my work.
Will blacklist/warn about spectrocoin where or when is needed.
Thank you everyone for posting scam proofs , togheter we fight back to destroy scammers or at least their false bright image.
I have nothing to do with another competing exchanging company but to many conmplaints with proofs can't be ignored.

To the spectrocoin :
If someone has ignored a so called ToS , you should've warn him, give money back and let him go, then close account to 0 , not stealing his money. This is called SCAM. And i don't like scammers .

I agree with the assessment. Also gave negative feedback.

Spectrocoin answer was very damaging to their reputation. They didn't deny the facts or timing.

If they stole the money, the OP had reasons to present them a fake ID, since they were basically blackmailing him to give personal documents: give them or lose your money.

If the OP is responsible for any fraud, once he takes the issue to the community, Spectrocoin has a duty to present evidence to the community or face the consequences on their reputation.

I disagree that they can be accused of any privacy infringement for explaining the reasons. The OP waived privacy about any necessary details (not unnecessary ones, like his identity, fake or not) to explain the freezing by taking the issue public.

If Spectrocoin doesn't present better reasons on a few days, I'll post here steps that the OP can take to burn the rest of Spectrocoin reputation and Spectrocoin owner's reputation.

For start I suggest the OP to change the title to Spectrocoin SCAM/Review for SEO reasons. This is probably already on Google. Anyone searching for reputation on Spectrocoin will find it in a second.

If Spectrocoin presents any evidence/convincing grounds, I'll remove my negative feedback and this post.

Yes it's my first post but I'm not a recent member.

For the moment it seems that Spectrocoin had stolen from his client and have no intention of paying him back. I have left negative thrust rating and I will remove it after the situation is sorted out. Until then I advise every client of Spectrocoin that it is possible to end up in the same situation as the OP.

I just want to make clear one thing regarding ID.

 About 6 weeks ago Spectrocoin made a fake transfer of 64 BTC and then removed 24+ BTC from balance. Over the course of these ~6 weeks I tried to contact support center without any success, which I mentioned earlier.
 Few days ago Spectrocoin made a website re-design and after that “accidentally” unblocked my account for a few hours. When I tried to withdraw small rest of money from my balance, I got a message informing me that I should provide ID. I fully understood that it was another bureaucratic trick made only for wasting time and most probably it wouldn’t have helped me to return the money, but still I decided to give it a shot and submitted ID.

So, let’s make it clear:
1. Spectrocoin stole my money and blocked my account one month BEFORE I submitted documents. It means that documents cannot serve as a reason for account blockage since Spectrocoin received ID many days AFTER they’ve blocked my account and not before that.
2. Spectrocoin had no intentions to give the money back, they just made up another bureaucratic obstacle in order misappropriate the money.
3. As I expected, submitting the ID didn’t help at all, just the opposite, now VytautasK tries to deceive everyone by telling that ID was the reason for account blockage. It is impossible, considering the chronological order of all events.

And now the most important thing: when Spectrocoin was receiving my bitcoins, they didn’t ask ID. It looks like back then the transfers were purely legal in accordance with their so-called “Terms and Conditions” and Spectrocoin along with its so-called “Compliance Department” were ready to receive money without any limits endlessly!
And when the time has come to withdraw this money, Spectrocoin invented zillions of stupid excuses just to keep the money.

Ok, here is what I'm going to do. I posted neg trust for VytautasK. I can't claim that I see indisputable proof of a scam here but the evidence presented by btctradings AND the reaction (or lack of it for the most part) from Spectrocoin raises suspicions.

I had a brief discussion with VytautasK via PM and that left me unconvinced that he's acting in good faith in this debacle. For once, letting this drag on for more than a month and still claiming that this needs to be investigated is borderline ridiculous. He also seems to be flip flopping between "fraud", "technical issue", "fake ID" etc, none of which would justify showing a withdrawal that doesn't exist on the blockchain.

Anyway, I don't want to be in the middle of it, so if VytautasK wants to present some kind of proof for the alleged wrongdoing and explain why the actions they took are justifiable - I'm open to changing my opinion.

suchmoon, there were over 150 transfers made via Spectrocoin API into my account and I'm pretty sure I have TX IDs of almost all of them.

Here you have few examples of transfers over 1 BTC:

2         0743a454540282ae9708910330e513fca065d7af7d6a5ef6443421772cdfb322                  
14       cac9506731cf67a09e36eaa7a0357e9940941a314611095fc62bc6b0b6635cf5                  
1.8      1aa5a32d245c70a371e5cd4fb361b8e2329cbc00ef8fd2f12eeee309e98d9880                  
3.3107 9dea41d6a5c4f08a26e73494c9de9f5b00337e1046864000984300b44b6abff4                  
1        986724e6cc441c54df5e2456e4a3622740a370fd4d9d0877af0776aeecea1ac4                  
1.17    a975bdacd6bcc036ea902d5cd4fd799c694e86509bd5a96f3ddaddcc321b0685                  
2.25    7f9f306966607a455a6220d02f59b0411670959d02ac71e41445a87eec155656                  
1.14    619f1b3e8270d99f268e16d54716f917541268594f72fcaf4ae4eb0017b8c794                  
10       8edae47250eede5186bb015da639e72d108ea8ca19bc077c31c971e6fbadc47c                   

Do you have TX IDs for the 64 BTC or 24 BTC deposits or at least some part of it? i.e. the coins moving into your Spectrocoin account.

The longest reply I ever got from Spectrocoin to my email was on July 02: "Unfortunately we can not offer our service to you".
Email: http://image.prntscr.com/image/87fae1bf1c9d463b8747468013d24faf.png

It is clearly obvious that if Spectrocoin cannot provide me its services, they shouldn't worry at all because I will never ever use their service again. Moreover, I will recommend to everyone NOT to use Spectrocoin.

Of course, jonsi, If Spectrocoin cannot provide me its services, then they should return me the money to BTC address of my broker, which was indicated in Spectrocoin account as destination address. After that they can do whatever they want with my Spectrocoin account. An impossibility of offering services just cannot be an excuse for a grand theft of $60,000.00 from my account.

If there is fraudulent activity give him his money and terminate his account, don't steal it.

I'll leave neg rep also, if the situation doesn't resolve.

suchmoon, Spectrocoin was providing API and was generating BTC addresses for accepting transfers. If they really had no intentions to work with me and accept funds, then they could simply disable an opportunity for generating new BTC addresses. But Spectrocoin kept generating intermediary addresses for accepting transfers even after they faked this transfer of 64 BTC. That is they wanted to continue receiving money of my clients in order to misappropriate them too.
Obviously, if I did not make this case publicly known and if I did not pay attention to this fact, Spectrocoin would have resumed getting those transfers.

There is a brilliant example how similar situations are resolved by other companies. Once I was setting a Blockchain.info API for an online shop of my friend. One day Blockchain operators decided that this e-shop was infringing their Terms of Service. And what did they do?
1. They send a message to this e-shop support center and informed that Blockchain API was disabled and asked to contact their administration.
2. They stopped generating BTC addresses, which caused an impossibility to purchase goods using BTC.
3. They did not fake any transactions and did not block money stored at this account. My friend has withdrawn money from Blockchain e-wallet instantly and without any problems.


I’m sorry, I am not quite familiar with forum policy. As far as I understand, there are some blacklist sections on this forum where Spectrcoin discussion threads can be moved if the money will not be returned.

To be honest, I am pretty surprised by the fact that Spectrocoin representative has responded in this thread. Well, it is the largest reply I ever got from Spectrocoin officials for the last 1.5 months. Taking into account that Spectrocoin support operators ignored any my attempts to contact them, the fact that VytautasK has joined this discussion does him a credit.

Thanks a lot suchmoon for telling me about red trust thing, I will examine this. 24 hours was enough to resolve this problem exactly when it arose. It’s a pity this situation has dragged on this long.

Are the deposits Bitcoin transactions? They can't stop a blockchain transaction.


Moderators won't do anything, they don't get involved in trades unless it violates forum posting rules.

The best we can do is tag VytautasK with red trust and I think I'll do that unless he comes up with a really good detailed explanation of what's going on within the next 24 hours. I don't think he needs more time than that to talk to whoever he needs to talk to and sort this out, or at least provide an update.