Topic: 🔥 Titanex | Swap your favorite crypto without KYC 🚀 (Read 291 times)
Seems argument about the company. Just now owner send me company documents to check and I have seen they have company documents called Antallagi Ltd as mentioned on the website. Since it's not possible to post everything publicly, they sent it through the inbox. They sent me a scanned copy with seals which looks valid to me. It's a memorandum of association which prove they are a company. Hope it's clear now and no confusion. Feel free to share if they have any service issues.
I have just contacted my ICSP that has internal access to FSA interfaces and asked to check a company name availability giving them your company name, after 30 minutes they have returned to me with a reply that your company's name is available to register and incorporate.
Anyone can confirm this by making a similar inquiry to any Seychelles corporate service provider or ordering a company search directly from Financial Services Authority of Seychelles.
Anyone can confirm this by making a similar inquiry to any Seychelles corporate service provider or ordering a company search directly from Financial Services Authority of Seychelles.
Nice try, but I have an IBC in Seychelles since around 2019 and it's present in the search results as a "Company" using the above mentioned registry. Actually an IBC is still a locally registered company and the only difference of it from an LLC is that the company body/UBOs is formed by non-residents and they aren't permitted to do business in Seychelles, but they still follow the same limited liability incorporation act and memorandum.
No way your company is registered in Seychelles if it isn't listed there.
Seychelles IBCs actually follow a different incorporation act which is The International Business Companies Act of 2016. The registry for such companies is private.
To give another example, the Okx exchange is also incorporated as a Seychelles IBC and lists their company name as "Aux Cayes FinTech Co. Ltd." as you can see in their terms of service: https://imgur.com/0rtzfwK
Typing the same name into the public registry gives 0 results since this public registry does not include IBCs: https://imgur.com/3R2Pumc
Happy to answer any other concerns you have regarding our product.
The register you are looking at only provides information for local Seychelles businesses - information on IBCs is not published publically.
Nice try, but I have an IBC in Seychelles since around 2019 and it's present in the search results as a "Company" using the above mentioned registry. Actually an IBC is still a locally registered company and the only difference of it from an LLC is that the company body/UBOs is formed by non-residents and they aren't permitted to do business in Seychelles, but they still follow the same limited liability incorporation act and memorandum.
No way your company is registered in Seychelles if it isn't listed there.
We just updated our FAQ with more information regarding:
- Our AML process
- Refusing service for non-compliant addresses
- How we execute swaps on the backend
- What data we collect
We are also in the process of switching our AML provider to Coinfirm. Once that is done later today we will also include info about it on our site.
We will also add a maximum swap limit in the following days as suggested by most of the comments here.
Our site is not perfect for every use case but we think our balance between anonymity and compliance makes us more useful over a mixer in many cases.
We think these changes will improve our transparency and inspire more trust. We are happy more feedback.
- Our AML process
- Refusing service for non-compliant addresses
- How we execute swaps on the backend
- What data we collect
We are also in the process of switching our AML provider to Coinfirm. Once that is done later today we will also include info about it on our site.
We will also add a maximum swap limit in the following days as suggested by most of the comments here.
Our site is not perfect for every use case but we think our balance between anonymity and compliance makes us more useful over a mixer in many cases.
We think these changes will improve our transparency and inspire more trust. We are happy more feedback.
They have also lied about their company:
1. This company doesn't exist in the Seychelles Business and Company Registry - searching for "Antallagi" or "Antallagi Ltd" returns zero results
2. The only company with this name exists registered in UK, which was dissolved on 22 February 2022 - https://find-and-update.company-information.service.gov.uk/company/13176313
Not sure who you are trying to fool here, titanex.io, but FYI impersonating a company that doesn't belong to you is a federal crime.
Quote
House of Francis, Room 303, Ile du Port, Mahe, Seychelles - Antallagi Ltd.
1. This company doesn't exist in the Seychelles Business and Company Registry - searching for "Antallagi" or "Antallagi Ltd" returns zero results
2. The only company with this name exists registered in UK, which was dissolved on 22 February 2022 - https://find-and-update.company-information.service.gov.uk/company/13176313
Not sure who you are trying to fool here, titanex.io, but FYI impersonating a company that doesn't belong to you is a federal crime.
We are incorporated as a Seychelles International Business Company (IBC). The register you are looking at only provides information for local Seychelles businesses - information on IBCs is not published publically. If we were not a registered company, we would not be able to obtain accounts with our liquidity providers.
We will update our site today with clearer information regarding our offering based on the feedback from this forum.
They have also lied about their company:
1. This company doesn't exist in the Seychelles Business and Company Registry - searching for "Antallagi" or "Antallagi Ltd" returns zero results
2. The only company with this name exists registered in UK, which was dissolved on 22 February 2022 - https://find-and-update.company-information.service.gov.uk/company/13176313
Not sure who you are trying to fool here, titanex.io, but FYI impersonating a company that doesn't belong to you is a federal crime.
Quote
House of Francis, Room 303, Ile du Port, Mahe, Seychelles - Antallagi Ltd.
1. This company doesn't exist in the Seychelles Business and Company Registry - searching for "Antallagi" or "Antallagi Ltd" returns zero results
2. The only company with this name exists registered in UK, which was dissolved on 22 February 2022 - https://find-and-update.company-information.service.gov.uk/company/13176313
Not sure who you are trying to fool here, titanex.io, but FYI impersonating a company that doesn't belong to you is a federal crime.
Titanex doesn't seem to know what they were talking about... but that's because their TOS and privacy policy is copied from changenow.io so let's cut them some slack 😌
Short snippets:
Short snippets:
Quote from: https://changenow.io/terms-of-use
2.3. By using the "Fixed Exchange Rate" you acknowledge and agree that the fixed exchange rate may differ from the classic exchange rate.
ChangeNOW shall complete the exchange if the following requirements are met:
We received the crypto asset in a short time after the User created the exchange. It is important to note that a payment transmitted to the blockchain network does not mean that ChangeNOW accepts this payment. The number of payment confirmations is determined by us depending on the blockchain.The user sent the crypto asset to a specially generated address on the exchange page. Addresses for each exchange are disposable and cannot be used again.The user sent the exact amount that was displayed on the website, as well as took into account all relevant withdrawal fees and network fees.
ChangeNOW shall complete the exchange if the following requirements are met:
We received the crypto asset in a short time after the User created the exchange. It is important to note that a payment transmitted to the blockchain network does not mean that ChangeNOW accepts this payment. The number of payment confirmations is determined by us depending on the blockchain.The user sent the crypto asset to a specially generated address on the exchange page. Addresses for each exchange are disposable and cannot be used again.The user sent the exact amount that was displayed on the website, as well as took into account all relevant withdrawal fees and network fees.
2.2. By using the "Fixed Exchange Rate" you acknowledge and agree that the fixed exchange rate may differ from the classic exchange rate.
Titanex shall complete the exchange if the following requirements are met:
We received the crypto asset in a short time after the User created the exchange. It is important to note that a payment transmitted to the blockchain network does not mean that Titanex accepts this payment. The number of payment confirmations is determined by us depending on the blockchain.The user sent the crypto asset to a specially generated address on the exchange page. Addresses for each exchange are disposable and cannot be used again. The user sent the exact amount that was displayed on the website, as well as took into account all relevant withdrawal fees and network fees.
Titanex shall complete the exchange if the following requirements are met:
We received the crypto asset in a short time after the User created the exchange. It is important to note that a payment transmitted to the blockchain network does not mean that Titanex accepts this payment. The number of payment confirmations is determined by us depending on the blockchain.The user sent the crypto asset to a specially generated address on the exchange page. Addresses for each exchange are disposable and cannot be used again. The user sent the exact amount that was displayed on the website, as well as took into account all relevant withdrawal fees and network fees.
Quote from: https://changenow.io/privacy-policy
1. Protection of the personal information
We will not permit any third parties to contact you directly on an unsolicited basis in relation to their own products or services. We do not sell, trade, or rent your personal identification information to others. You should never disclose your account password to unauthorized parties. We use certain security measures to help keep your personal information safe, but we cannot guarantee that these measures will stop any users try to get around the privacy or security settings on the Website through unforeseen and/or illegal activity.
We will not permit any third parties to contact you directly on an unsolicited basis in relation to their own products or services. We do not sell, trade, or rent your personal identification information to others. You should never disclose your account password to unauthorized parties. We use certain security measures to help keep your personal information safe, but we cannot guarantee that these measures will stop any users try to get around the privacy or security settings on the Website through unforeseen and/or illegal activity.
2. Protection of the personal information
We will not permit any third parties to contact you directly on an unsolicited basis in relation to their own products or services. We do not sell, trade, or rent your personal identification information to others. We use certain security measures to help keep your personal information safe, but we cannot guarantee that these measures will stop any users trying to get around the privacy or security settings on the Website through unforeseen and/or illegal activity.
We will not permit any third parties to contact you directly on an unsolicited basis in relation to their own products or services. We do not sell, trade, or rent your personal identification information to others. We use certain security measures to help keep your personal information safe, but we cannot guarantee that these measures will stop any users trying to get around the privacy or security settings on the Website through unforeseen and/or illegal activity.
Seems legit argument about buy limits. I have talked with the owner regarding that and they would reconsider buy limits. It's unrealistic if buy limits exceed circulation supply at all. Although users won't swap such as big amount there should be min & max limits. Otherwise, it will misguide users and users would take it negatively.
Is there any limit at all? I am asking because I just tried to swap 10 million BTC into ~145 million ETH and it allowed me to continue to the next step. That's more than ETH circulating supply lol which is around 122 million.
I tried doing something similar yesterday but I guess I broke ''The Engine'' with my numbers 
Our engine will quote you for any amount of BTC you request. Obviously, some absurd amounts are impossible to swap due to limitations on the circulating supply of each coin.
Than sorry, but I have to say that your ''engine'' is stupid if he can pre-accept any amount people enter, and I see this could potentially be abused in future.Smart engine would know approximate amount of coins you and your partners have, and would not allow silly amounts.
I would dare to say that it's impossible you have those crazy amounts of coins we mentioned above, and I am willing to bet on this.
Please sign a message from one of your addresses proving that you own at least significant amount of coins.
As we said, we are not an illegal service and have to cooperate with local and international laws and regulations. Our service is anonymous and untraceable and provides the guarantees we have described in our previous reply to you.
You can't be untraceable, anonymous and legal in the same time, because you run centralized service and you work with other centralized services/exchanges.Not really. You are not a financial operator, but just a company registered in an offshore jurisdiction without any license in the financial field. Doing any business activity involving currency exchange without a license already makes you an illegal service. Note that just having a registered company doesn't give you a legal permission to perform such business.
I would argue about your statement on Tornado Cash, because they aren't an illegal service comparing with yours, since you are violating far more laws by operating a financial service without an appropriate license.
Without a license for the activity you are performing and being an illegal service you are not required to cooperate with law enforcement agencies, thus, the following term of yours makes absolutely no sense:
I would argue about your statement on Tornado Cash, because they aren't an illegal service comparing with yours, since you are violating far more laws by operating a financial service without an appropriate license.
Without a license for the activity you are performing and being an illegal service you are not required to cooperate with law enforcement agencies, thus, the following term of yours makes absolutely no sense:
The jurisdiction we are operating in does not require crypto exchanges to register for a license - it is legal to operate without a license as long as AML/CFT regulation is being followed. Virtually all crypto exchanges, including Kraken, FTX, etc. are operated from offshore jurisdictions.
We have consulted with attorneys and compliance professionals in our jurisdiction to ensure the legality of our service.
Also, given that you are collecting Browser window dimensions, Browser languages, Browser date and time, HTML Canvas data, it's pretty easy to tell you are actually WANT to cooperate with the law enforcement as much as possible, because normally this information would never be required by them. There is no way untraceability can be guaranteed by your service, because you keep all possible identifying information for a long time and will disclose it any time to the law enforcement, as well as your third-party partners you resell that will do the same with your users exchange information.
Everything about your service is suspicious and controversial.
Everything about your service is suspicious and controversial.
As we said, we are not an illegal service and have to cooperate with local and international laws and regulations. Our service is anonymous and untraceable and provides the guarantees we have described in our previous reply to you.
Anonymity is guaranteed by not requiring KYC identification. Untraceability is also guaranteed since the receiving and sending transactions are not linked on the blockchain.
We are required by local and international regulations to record some user information such as IP address and location - this is not an illegal service. If it was one, any funds you would receive from us would be blacklisted (much like what happend with Tornado Cash).
We are required by local and international regulations to record some user information such as IP address and location - this is not an illegal service. If it was one, any funds you would receive from us would be blacklisted (much like what happend with Tornado Cash).
Not really. You are not a financial operator, but just a company registered in an offshore jurisdiction without any license in the financial field. Doing any business activity involving currency exchange without a license already makes you an illegal service. Note that just having a registered company doesn't give you a legal permission to perform such business.
I would argue about your statement on Tornado Cash, because they aren't an illegal service comparing with yours, since you are violating far more laws by operating a financial service without an appropriate license.
Without a license for the activity you are performing and being an illegal service you are not required to cooperate with law enforcement agencies, thus, the following term of yours makes absolutely no sense:
Quote
4.2. We are entitled to transfer some User data (including, but not limited to Blockchain addresses, IP addresses, User Agents, Browser window dimensions, Browser languages, Browser date and time, HTML Canvas data) to our business partners or governmental bodies at their request to facilitate the prevention and disclosure of prohibited or illegal actions. By accepting these Terms, you acknowledge and agree to your personal data may be transferred in this way.
Also, given that you are collecting Browser window dimensions, Browser languages, Browser date and time, HTML Canvas data, it's pretty easy to tell you are actually WANT to cooperate with the law enforcement as much as possible, because normally this information would never be required by them. There is no way untraceability can be guaranteed by your service, because you keep all possible identifying information for a long time and will disclose it any time to the law enforcement, as well as your third-party partners you resell that will do the same with your users exchange information.
Everything about your service is suspicious and controversial.
But doesn't this count as well?
We will never block or freeze your funds once you choose to send them to us. However, we reserve the right to deny our service to some users due to compliance reasons. Users should not try to deliberately circumvent this protection measure.
untraceability and anonymity guaranteed? how? because you don't ask for kyc? cause that's really misleading specially since the exchange [like every other CEX] collects and share user information to third parties which helps in connecting the dots.
Anonymity is guaranteed by not requiring KYC identification. Untraceability is also guaranteed since the receiving and sending transactions are not linked on the blockchain.
We are required by local and international regulations to record some user information such as IP address and location - this is not an illegal service. If it was one, any funds you would receive from us would be blacklisted (much like what happend with Tornado Cash).
We provide a healthy balance between anonymity/untracability and compliance.
Funds will never be blocked in any case.
But doesn't this count as well?3.5. In extremely limited cases, when a User attempts to mislead our automated risk management system, Titanex reserves the right to freeze your exchange transaction for any period of time necessary to complete the AML procedure
Quote from: OP
untraceability and anonymity guaranteed? how? because you don't ask for kyc? cause that's really misleading specially since the exchange [like every other CEX] collects and share user information to third parties which helps in connecting the dots.
4. Personal Data4.1. By accepting these Terms, you expressly allow Titanex to process your personal data, and export your personal data outside of the jurisdiction in which you reside or are located
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4.2. We are entitled to transfer some User data (including, but not limited to Blockchain addresses, IP addresses, User Agents, Browser window dimensions, Browser languages, Browser date and time, HTML Canvas data) to our business partners or governmental bodies at their request to facilitate the prevention and disclosure of prohibited or illegal actions. By accepting these Terms, you acknowledge and agree to your personal data may be transferred in this way.
.
4.2. We are entitled to transfer some User data (including, but not limited to Blockchain addresses, IP addresses, User Agents, Browser window dimensions, Browser languages, Browser date and time, HTML Canvas data) to our business partners or governmental bodies at their request to facilitate the prevention and disclosure of prohibited or illegal actions. By accepting these Terms, you acknowledge and agree to your personal data may be transferred in this way.
So I find it interesting how all domains of your failed projects are registered at GoDaddy: titanex.io, godex.io, stealthex io, exolix.com, etc... All sites apparently made within a same web-design framework and it just obvious that all from the same site creator, since all your nicely looking (but annoying already) web-designs have similarities.
It seems it's just another ChangeNOW reseller that registers more and more .io domains on GoDaddy due to lack of interest in their project because they fail to understand that nobody wants their business model and sketchy AML/KYC terms.
Almost sure that more than 4 accounts and different swap service topics belong to this person.
It seems it's just another ChangeNOW reseller that registers more and more .io domains on GoDaddy due to lack of interest in their project because they fail to understand that nobody wants their business model and sketchy AML/KYC terms.
Almost sure that more than 4 accounts and different swap service topics belong to this person.
Thanks for taking the time to leave a comment on our thread.
We are not in any way affiliated with any of the sites that were mentioned, including ChangeNow. GoDaddy is the most popular domain registrar with over 80 million domain names.
We are also fully compliant with AML/CFT regulation (for further information you may read our AML policy linked in the footer of our website).
Our liquidity providers would be able to perform swaps of such size.
Is there any limit at all? I am asking because I just tried to swap 10 million BTC into ~145 million ETH and it allowed me to continue to the next step. That's more than ETH circulating supply lol which is around 122 million.https://i.postimg.cc/DykCzKb0/Screenshot-2022-10-12-at-23-38-32-Titanex-Cryptocurrency-swap.png
Let me give you one example, I tried exchanging 1 million XMR coins for 7340.315847 Bitcoins, and I was allowed to continue.
Than I tried swapping 1 million ETH for 66647.5622 Bitcoins and I was also allowed, and asked to sent ethereum!
Seems like you can enter just about any amount and it will get you to the next step. You should try to swap 21 million BTC Than I tried swapping 1 million ETH for 66647.5622 Bitcoins and I was also allowed, and asked to sent ethereum!
Our engine will quote you for any amount of BTC you request. Obviously, some absurd amounts are impossible to swap due to limitations on the circulating supply of each coin.
We do not have a limit and will not put one because we are confident that our liquidity providers are able to execute any swap that is humanly possible.
Our liquidity providers would be able to perform swaps of such size.
Is there any limit at all? I am asking because I just tried to swap 10 million BTC into ~145 million ETH and it allowed me to continue to the next step. That's more than ETH circulating supply lol which is around 122 million.
Let me give you one example, I tried exchanging 1 million XMR coins for 7340.315847 Bitcoins, and I was allowed to continue.
Than I tried swapping 1 million ETH for 66647.5622 Bitcoins and I was also allowed, and asked to sent ethereum!
Seems like you can enter just about any amount and it will get you to the next step. You should try to swap 21 million BTC Than I tried swapping 1 million ETH for 66647.5622 Bitcoins and I was also allowed, and asked to sent ethereum!
So I find it interesting how all domains of your failed projects are registered at GoDaddy: titanex.io, godex.io, stealthex io, exolix.com, etc... All sites apparently made within a same web-design framework and it just obvious that all from the same site creator, since all your nicely looking (but annoying already) web-designs have similarities.
It seems it's just another ChangeNOW reseller that registers more and more .io domains on GoDaddy due to lack of interest in their project because they fail to understand that nobody wants their business model and sketchy AML/KYC terms.
Almost sure that more than 4 accounts and different swap service topics belong to this person.
It seems it's just another ChangeNOW reseller that registers more and more .io domains on GoDaddy due to lack of interest in their project because they fail to understand that nobody wants their business model and sketchy AML/KYC terms.
Almost sure that more than 4 accounts and different swap service topics belong to this person.
So you are saying that you do have 1 million XMR, 1 million ETH and 7340 BTC available?!
Our liquidity providers would be able to perform swaps of such size.
But you are contradicting yourself with what is written on your website, because you are claiming that funds will never be blocked.
On swap page you are asking me to write you my sending address, and than I have to send a transaction, so how would I know this address in not accepted?
Do you have some list of addresses that are not accepted, and what happens if I just send those coins to a different address that was never used before?
On swap page you are asking me to write you my sending address, and than I have to send a transaction, so how would I know this address in not accepted?
Do you have some list of addresses that are not accepted, and what happens if I just send those coins to a different address that was never used before?
Funds will never be blocked in any case. If your address is not accepted, the app will not allow you to initiate a swap at all. Thus, you will not be able to send funds from a non-compliant address.
We integrate with tier 1 liquidity providers to facilitate the swaps so we can indeed do large amounts.
So you are saying that you do have 1 million XMR, 1 million ETH and 7340 BTC available?! Before the swap, when you enter your address on our app, we check it with our AML provider.
If the risk is too high, instead of requesting KYC, we do not allow you to initiate the swap.
But you are contradicting yourself with what is written on your website, because you are claiming that funds will never be blocked.If the risk is too high, instead of requesting KYC, we do not allow you to initiate the swap.
On swap page you are asking me to write you my sending address, and than I have to send a transaction, so how would I know this address in not accepted?
Do you have some list of addresses that are not accepted, and what happens if I just send those coins to a different address that was never used before?
We've agreed to let The Cryptovator post this ANN on our behalf.
Are you using some third party centralized exchanges or some other method for exchanging coins?I found it a bit sketchy your that coins will never be frozen or blocked, and kyc will never be asked.
If you can please tell us how much is upper limit for exchanging Bitcoin.
Let me give you one example, I tried exchanging 1 million XMR coins for 7340.315847 Bitcoins, and I was allowed to continue.
Than I tried swapping 1 million ETH for 66647.5622 Bitcoins and I was also allowed, and asked to sent ethereum!
Titanex have this much Bitcoin?!
https://i.imgur.com/V2Jp27U.jpg
Archived page:
http://web.archive.org/web/20221012184741/https://titanex.io/
We integrate with tier 1 liquidity providers to facilitate the swaps so we can indeed do large amounts.
Before the swap, when you enter your address on our app, we check it with our AML provider.
If the risk is too high, instead of requesting KYC, we do not allow you to initiate the swap.
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