Hmmmm pretty interesting to watch. The drama between the scammers and investors who have been giving warn to the team if they will be reported to the regulators and police. It seems like what investors trying to do is only wasting their effort. The developers are not even trying to reimburse what already happened with its investors. The fact that is this method being used by so many scammers this time. There are bunch of new projects with non sense APY were also doing slow rug pull to the its investors.
The dump was not so aggressive like youc but i do agree if the scammer become even more crazy from day to the another day.
Topic: YOUENGINE AND THE MODERN SCAM PART 1. (Read 181 times)
I personally believed that this project and its CEO was very mature and honest but there is no hope after such type of scamming. This is happening again and again in this market. I am learning Beyond Protocol is a project where even the CEO or their partners create such a situation. The value of their coin was $35-40 or more. After successfully making the drama the price reduce to 6 cents. After all investors are fallen in trap.
Maturity is not of a fallen project or to whom that have bad intention towards project, the cryptospace have been filled with lot of deceit and scammers., i can't clearly say that or declare the project being scammed or CEO trying to scam his community but i would want the holders to have patients and reach out to the CEO on telegram and other social medias which they knew he is. I heard they also ran a bounty campaign as well.
If i may say he is done with the project and there was how lots of project did in the space, there are lot of pump down with over hyped which they end up attracting more investors and after which they will strategized to dump the project. Already we knew all this strategies in the space but what kept me wondering was the project has been silent for awhile and after the huge dump he came up to announce.
I personally believed that this project and its CEO was very mature and honest but there is no hope after such type of scamming. This is happening again and again in this market. I am learning Beyond Protocol is a project where even the CEO or their partners create such a situation. The value of their coin was $35-40 or more. After successfully making the drama the price reduce to 6 cents. After all investors are fallen in trap.
It seems like that team have no intention to resolve this problem. The price on the bitforex gone down even deeper than before. I think that anyone was also aware about this too. The trade is resumed on the bitforex but the price gone even deeper than before, The worst thing for the holders if they are still even loosing more and more money caused by the price will be going to the zero value. This shit is gonna die soon. I will not expect a comeback to happen with the price of youc. This token is dying right now.
The dev was running away with all of money.
The dev was running away with all of money.
So you are saying that it's going to be multiple parts? Kidding aside, it's always going to be that risky if you will be investing in something that is not yet known or a project with a sketchy background or something. They can always blame hackers or something, but you would see how they would react if it's a real thing or not because they would act differently.
In a way the fault is yours and other investors too, a project was stagnant in about a year without the dev engaging the community and you the investor didn't find that behaviour questionable!
Then suddenly he appeared and make few comments and you all trusted him until he dumped on ya'll and claim it was a hack, Man! The handwriting was already written on the wall but you guys took so long to notice it.
Then suddenly he appeared and make few comments and you all trusted him until he dumped on ya'll and claim it was a hack, Man! The handwriting was already written on the wall but you guys took so long to notice it.
Yeah that's an old trick for the CEO to dump his token to the market by saying it was getting hacked but it's totally an inside job. I hope that youc investors or buyers can fill a report to the police or regulators to bring the CEO to the jail. The ceo was scammers and i have been seeing so many investors got deceived as they are loosing their money but in this case i personally thing that if the CEO didn't get a lot of money as youc was lack of volume in the exchange sites. It has low daily trade volume and huge gap between sell and buy orders. in this case i personally believe that if CEO is the dumpers or scammers.
This is not new so many projects are like that after the project got funded or listed in the market they dumped it or leave the project they discontinue the development and use the money coming from the dump to launch a new project, it has been going on like this that is why it is too risky to invest in a new project because the competition is tough and the team is always tempted to dump their shares because of lack of volume and support.
You know what op, knowing that Mcafee is one of the people promoting the project, you should have known better. I mean, just think about what happened in the past. I admit, I actually got hyped by the Youc project. But not to the extent that I would fall in love with the coin. As soon as I could see profits more than my target, I have slowly converted my youc into other coins. I was continually converting as it went up even as it started going down again until my youc ran out and the coin just went lower and lower. It really pays to research about any asset that you are in and of course to not be greedy or let yourself fall in love with any asset that you are holding.
Finally the CEO of this project was revealing himself since being silent since a few years ago. I don't know why people are still betting into this token while this token has no good fundamental. I see bunch of complaints from the investors in the telegram group and it seems the scammers were not giving a good feedback. These investors are complaining about how can they get back their money which are impossible thing to happen. Scammers have been taking their money from the market.
We have learned a very good lesson from this case never try to invest in the shit token like this.
We have learned a very good lesson from this case never try to invest in the shit token like this.
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I'm sad for all who lost because of this token...This YOUC token has performed well in the last few months but in just the past week, its price and value have been shattered. responding to the issue that this token was hacked, I'm not so sure about the CEO's statement, I firmly believe that it's just their trick (they make drama).
I think it was a common problem in the crypto space, if a new project has no development for a long period you must start doubting and raised some concerns about it, But in the beginning, YOUEngine is not like that because YOUEngine looks like a legitimate project to me as I observe after the MVP released it was looking good but later on the problems have arisen because it has no product and no development to show. And now this hacking issue has surfaced and pointed out as the reason why the YOUC token price has been dumped. It is very unfortunate but it really happens thats why we can't do anything about it and it's better to move on.
Yeah that's an old trick for the CEO to dump his token to the market by saying it was getting hacked but it's totally an inside job. I hope that youc investors or buyers can fill a report to the police or regulators to bring the CEO to the jail. The ceo was scammers and i have been seeing so many investors got deceived as they are loosing their money but in this case i personally thing that if the CEO didn't get a lot of money as youc was lack of volume in the exchange sites. It has low daily trade volume and huge gap between sell and buy orders. in this case i personally believe that if CEO is the dumpers or scammers.
The common problem here is that no one will actually pursue suing those individuals. Hence, they can always get away with it, and create a new scam project.
Of course, they already got what they want here, so they don't care about their holders anymore. So swapping is their another tactic to get away from the trouble, letting their holders think that they still have hope to recover their losses. But what would be their reason of swapping it? Another reason to screw money from investors?
I do agree with it, sometime the swap process was a way for them to avoid the legal problem with their investors but the price of tokens dumped so hard as the liquidity farmed by the developers of this token. It's very difficult to recover the price after the it already dumped so hard to the bottom.
https://twitter.com/younive87630435/status/1517581929033388035/photo/1
This is what I'm seeing. Honestly, the crypto space today sees way too many hacks. But if the project can be corrected and maintained, it is also a thing to hope for investors in. For this project, I do not care much about it, but I have heard of problems that many people complained about the price in the past.
This is what I'm seeing. Honestly, the crypto space today sees way too many hacks. But if the project can be corrected and maintained, it is also a thing to hope for investors in. For this project, I do not care much about it, but I have heard of problems that many people complained about the price in the past.
Not the first and probably not the last one that a project will pull this kind of stunt. Scammers are very clever indeed, hiding under the guise of certain projects (happening since 2017), and then manipulating from behind to look like it was a hack. But something seems to be not looking right here, and it's clearly an inside job of the CEO to make money from unsuspecting (victims) investors.
Scammers will never disappear in the circle of scam projects because it is easy for scammers to steal from fraudulent investment proceeds, say for the current trend many investment projects with fantastic returns of up to 100k% APY which is unrealistic, but I wonder some of those projects are still getting enthusiasm community from whispers of profits that may not be given before the project is finally abandoned.And that is the problem really, if you have by a bit of skepticism about this project then don't invest money on it simply as that.
Because your guts might be true after all, just like in this case, a lot of promises of huge profit by someone whispering in your eyes, but you don't know maybe that someone is part of the grand scheme to scam people including yourself.
Not the first and probably not the last one that a project will pull this kind of stunt. Scammers are very clever indeed, hiding under the guise of certain projects (happening since 2017), and then manipulating from behind to look like it was a hack. But something seems to be not looking right here, and it's clearly an inside job of the CEO to make money from unsuspecting (victims) investors.
Scammers will never disappear in the circle of scam projects because it is easy for scammers to steal from fraudulent investment proceeds, say for the current trend many investment projects with fantastic returns of up to 100k% APY which is unrealistic, but I wonder some of those projects are still getting enthusiasm community from whispers of profits that may not be given before the project is finally abandoned. 
This project looks very suspicious since this has been starting to be traded on the exchange site. People are loosing a lot even some threatened the dev if they will be reporting it to the regulators. After the swap and the price can't still recover and it was getting dumped even deeper than before. I suspect if the developers are still continue to do shady thing to the tokens. So many people are loosing a lot of their money right now due to the incompetence developers. The dev was blaming hacker for their shady thing that already happened. Hacker will not always become the main reason and sometime it's about the people who is greedy to steal money and run away with it. You must always be careful when you are facing suspicious project like this.
Various techniques are used to scam people, I have experienced several, for example, when the price fell, announcing about the progress of the construction that would be completed, when the price went up, the devs sold their tokens, or once with the reason the dev had an accident, then it didn't show up. again. Therefore, we must always be vigilant and if possible, report their identity to the security forces such as the police.
I guess that if the CEO has been preparing this scenario since a long time ago. As far as i can see if this project has no product. The pump that happened with the price of youc was totally a non sense price for a project without any product. I remember this got listed in a better exchange site than latoken and bitforex but it was getting delisted from there. It seems like that the team was trying to manipulate the token again. The new scam trick to steal money from dumping the premined token with a non sense reason or claim if the smartcontract gets hacked.
I would not be surprised that if another drama will be coming from the youc team about this. The worst project for now.
I would not be surprised that if another drama will be coming from the youc team about this. The worst project for now.
And that was a lie and the beginning of implementation of a legitimate scam plans.
Back in the fall, I sold all YOUENGINE tokens as I was tired of waiting for something from the development team. In two years, they still haven't got a working app with advertisers and ad sellers. A year ago, the MVP product was released as an application and there were no more updates. One of the team members - Alexander Bobryshev used to participate in the QURREX scam project.
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