Sugarexchange, failed or scam? | Bitcointalksearch.org

L A R A

full member

Activity: 728

Merit: 104

Quote from: freedomgo on May 20, 2020, 02:51:37 AM

Is this exchange even existing?

No data can be found here- https://coinmarketcap.com/currencies/sugar-exchange/.. and we are talking of 2 years already?

Too many scam exchanges are currently registered with Coinmarketcap. I just heard the name sugarexchange now and just found out that he is at CMC.
Btw, the site sugarexchange.io cannot be accessed

freedomgo

legendary

Activity: 3248

Merit: 1160

Playbet.io - Crypto Casino and Sportsbook

Is this exchange even existing?

No data can be found here- https://coinmarketcap.com/currencies/sugar-exchange/.. and we are talking of 2 years already?

SvonioneFromMangoCoinz

member

Activity: 663

Merit: 10

https://streamies.io/

Present and past there have been many similar cases. Many exchanges were born just to become a website and nothing but that. Many exchanges operated indifferently and then went bankrupt. I just feel sorry for the investors who trust the CEOs here, most of whom are scams. appropriating investor money and only creating a mediocre exchange and then taking investor money and run out!

binhvo1505

member

Activity: 728

Merit: 11

https://streamies.io/

It's hard to tell if it's a scam or not. But at a glance, I realized that sugarexchange really did not have volume and they used investor money very badly. While many exchanges are always trying to market and greet new traders, Sugarexchange is missing. they did nothing and the CEO of Sugarexchange seemed to only use investor money to enjoy his life. Hope the SEC will find the reason soon.

Yamifoud

hero member

Activity: 2828

Merit: 518

This is how it looks like
https://isthiscoinascam.com/check/sugar-exchange

Some details are incomplete and having an unknown team identity hiding back which probably means that it leads us to nowhere.
Even though it is not already been proven as a scam project but looking at its structure, I feel different from this.

But anyway, it is our own discretion if we give trust or not but I suggest not to try it. The risk is high, better to use the reputable exchanges for our safety.

posi

hero member

Activity: 2268

Merit: 579

Vave.com - Crypto Casino

Accusation with no solid evidence is count as worthless and if the subject exchange if the investors with the inclusion of those that have coin on there didnt accuse the exchange i don't see any point of saying the exchange scam investors unless there's something that @PatrickJk etc is not telling us.

$crypto$

legendary

Activity: 2394

Merit: 1049

Smart is not enough, there must be skills

Quote from: Chrystora123 on April 16, 2020, 04:24:16 PM

sugarexchange?? to be honest I just heard of this exchange Cheesy

.. the average exchange that is closed at this time is an exchange that fails to maintain investor and consumer confidence mistakes may exist in management and inappropriate decision making by the CEO of this exchange..

sugarexchange that I know is an exchange for a long time but they could not develop properly so that this exchange was no more known among crypto traders and indeed this exchange became one of the small exchanges with few users.

Maybe with the failure of this exchange because there were no more investors and traders were there so they decided to shutdown for someone who said my scamer still couldn't reveal it because there wasn't enough solid evidence.

PatrickJk

newbie

Activity: 25

Merit: 0

Quote from: carlisle1 on April 29, 2020, 08:34:50 AM

Quote from: PatrickJk on April 16, 2020, 06:54:32 AM

My question is this:

The founder invested the money that financed the project in other ico during 2018 and he lost everything

Which ICO is this if you have proof mate?this is important in this case if you can mentioned which is which.

Adam Sax and the team invested in Keda Che's Universal Labs ico 1.500.000$
Confirmed scam

We have given all the information to the Sec, we are waiting for answers, but it will be difficult.
We talked to all the companies involved, many people were laid off like Seth Bandi and Madison Fazio.

The money is certainly lost.

This topic is for informational purposes. Beware of those people.

carlisle1

hero member

Activity: 2744

Merit: 541

Campaign Management?"Hhampuz" is the Man

Quote from: PatrickJk on April 16, 2020, 06:54:32 AM

My question is this:

The founder invested the money that financed the project in other ico during 2018 and he lost everything

Which ICO is this if you have proof mate?this is important in this case if you can mentioned which is which.

Quote from: PatrickJk on April 16, 2020, 06:54:32 AM

The project is now closed without having posted a financial report or proof of work in 3 years.

this must be clarified for transparency and very important to the investors 9If there are some)

Quote from: PatrickJk on April 16, 2020, 06:54:32 AM

He didn't even publish the names of the team members .

Do you think it's a scam or not?

The way i see it?there is a Big possibilities that this is intentional and may called scamming.

PatrickJk

newbie

Activity: 25

Merit: 0

Quote from: jahepahit on April 16, 2020, 10:26:25 AM

The scam, according to research, means to deliberately cheat. while what happened at Sugarexchange was the inability of the project to be able to compete with other projects. because we all know that to create a project that can continue to grow is not enough just to have a lot of funds, but the team and the product are also very decisive

Adam Sax raised $ 2 million to make a website ....
Isn't that a scam?

Chrystora123

full member

Activity: 1414

Merit: 228

Omicron is another FUD

sugarexchange?? to be honest I just heard of this exchange Cheesy

.. the average exchange that is closed at this time is an exchange that fails to maintain investor and consumer confidence mistakes may exist in management and inappropriate decision making by the CEO of this exchange..

Lanatsa

hero member

Activity: 2968

Merit: 687

Quote from: WalkerIVIV on April 16, 2020, 09:40:07 AM

Your first sentence can be considered as the reason why that guy has created a scam exchange site to scam people

The second sentence can be considered as a proof of a scam for sugar exchange site.

When it was not even publishing the team and it was created anonymously. That means is has a big chance to be a scam or this exchange has already become a scam exchange site.

Thats why investors should really be keen on knowing the team behind on the project they do tend to fund on so that at least when things turns
out to be messy then they do still have the chance to make actions or to sue them out since you know the identity but if not?
Then this one is the perfect recipe on scamming out people since they do know that they cant be traced on.

jrrsparkles

sr. member

Activity: 2520

Merit: 280

Hire Bitcointalk Camp. Manager @ r7promotions.com

The real reason for the failure of this project is lack of development so we can say this is complete scam but if the team wanted to not undergoes any development project after their fund raising then it could be called as scam so we need to wait for the further investigations regarding this.

jahepahit

member

Activity: 866

Merit: 10

The scam, according to research, means to deliberately cheat. while what happened at Sugarexchange was the inability of the project to be able to compete with other projects. because we all know that to create a project that can continue to grow is not enough just to have a lot of funds, but the team and the product are also very decisive

WalkerIVIV

hero member

Activity: 2436

Merit: 503

Cryptocasino.com

Quote from: PatrickJk on April 16, 2020, 06:54:32 AM

My question is this:

The founder invested the money that financed the project in other ico during 2018 and he lost everything

The project is now closed without having posted a financial report or proof of work in 3 years.

He didn't even publish the names of the team members .

Do you think it's a scam or not?

Your first sentence can be considered as the reason why that guy has created a scam exchange site to scam people

The second sentence can be considered as a proof of a scam for sugar exchange site.

When it was not even publishing the team and it was created anonymously. That means is has a big chance to be a scam or this exchange has already become a scam exchange site.

disconnectme

hero member

Activity: 1876

Merit: 512

I don't think anyone is suprsie that the project ends like this, ICO boom brought about alot of rubbish platform to the space, I collected their airdrops and quickly sell when it pumped, an exchange with no real plan of how to add users to their platform. Exchange business is not as easy as people make it to sound.

PatrickJk

newbie

Activity: 25

Merit: 0

My question is this:

The founder invested the money that financed the project in other ico during 2018 and he lost everything

The project is now closed without having posted a financial report or proof of work in 3 years.

He didn't even publish the names of the team members .

Do you think it's a scam or not?

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

Do you choose that exchange to trade or what? You have so many recommended exchange, but you want to select that exchange which you don't know if that exchange is a scam or not? If I were you, I wouldn't risk my money on that exchange because I will select the other exchanges which are more reliable and have a reputation among the traders. You need to be more careful to use that exchange to trade.

b1k4ng

full member

Activity: 728

Merit: 100

I don't know much about this project but if the project already has a lot of problems about development and funding of course the team will choose to stop the project and eventually the project becomes scam

kotajikikox

full member

Activity: 2548

Merit: 217

I can't totally tell that this is a scam because there are no strong proof about the claims but since the Project seems to be questionable and tagged?
i think this is enough reason for the investors to leave and dont trust this at all.

But after the warnings they still investing?then this is not in your concern because their negligence lure them to failing.

Sorry for the Victims but this is part of the game here in crypto,Better never trust any ICo again for safer journey in this world .

Topic: Sugarexchange, failed or scam? (Read 246 times)