Bitcoin Forum

Alternate cryptocurrencies => Announcements (Altcoins) => Topic started by: gravitate on April 20, 2016, 08:50:50 AM



Title: EDON scam ICO
Post by: gravitate on April 20, 2016, 08:50:50 AM
https://bitcointalk.org/index.php?topic=1291818.0

Her took 70 BTC then removed all the web sites and everything. the ICO was through Bittrex. is there any safety net there? I didnt put a lot in just simply o.2 BTC but still scams anger me greatly. Just goes to show ICO's are very very risky.


Title: Re: EDON scam ICO
Post by: ocminer on April 20, 2016, 08:52:54 AM
The scam couldn't been MORE obvious than this one...


Title: Re: EDON scam ICO
Post by: egghead123 on April 20, 2016, 08:55:08 AM
That thread seems to be locked now and you cant post on it.Also the username https://bitcointalk.org/index.php?action=profile;u=359188 seems to have the majority of their old posts deleted.Something definitely not right here


Title: Re: EDON scam ICO
Post by: DeCrypterManiac on April 20, 2016, 08:55:54 AM
Since Bittrex added EDON, WAVES and STEEM ICO's I withdrew all my funds from there and only trade on Polo now..

Time is over for Bittrex, surely the next Craptsy soon


Title: Re: EDON scam ICO
Post by: egghead123 on April 20, 2016, 08:59:35 AM
Bittrex should refund all those funds if this is a scam because they couldnt be released to the developer(s) yet?

"The crowdfund for EDON has been cancelled. A refund will be issued within the next 2 days"


Title: Re: EDON scam ICO
Post by: connexus on April 20, 2016, 09:02:15 AM
Bittrex should refund all those funds if this is a scam because they couldnt be released to the developer(s) yet?

Bittrex will refund those funds on their exchange since the ICO has been cancelled.

https://twitter.com/BittrexExchange/status/722697667499974658


Title: Re: EDON scam ICO
Post by: muchoman on April 20, 2016, 09:03:20 AM
There is one guy who lost 220 bitcoins
https://bitcointalk.org/index.php?topic=1441655.msg14602400#msg14602400


Title: Re: EDON scam ICO
Post by: mammix2 on April 20, 2016, 09:10:31 AM
eat sleep rinse repeat

eat sleep rinse repeat

eat sleep rinse repeat

eat sleep rinse repeat


Title: Re: EDON scam ICO
Post by: ICOcountdown.com on April 20, 2016, 09:11:15 AM
Bittrex will refund you. Heed my warnings in future, there is another scam on the forum.

READ

https://medium.com/@icocountdown/solcert-tokens-warning-adcb794860d2#.49o8t34cc


Title: Re: EDON scam ICO
Post by: gravitate on April 20, 2016, 09:12:21 AM
Bittrex should refund all those funds if this is a scam because they couldnt be released to the developer(s) yet?

Bittrex will refund those funds on their exchange since the ICO has been cancelled.

https://twitter.com/BittrexExchange/status/722697667499974658

Great a refund :) Thats good to hear. Thanks Bittrex :)


Title: Re: EDON scam ICO
Post by: gravitate on April 20, 2016, 09:14:30 AM
Bittrex will refund you. Heed my warnings in future, there is another scam on the forum.

READ

https://medium.com/@icocountdown/solcert-tokens-warning-adcb794860d2#.49o8t34cc


Thanks :) I did listen to your warnings I was going to put in 1 Whole bitcoin later that day. Because of you i didn't.

But the fact bittrex is refunding is the most awesome news all day :)


Title: Re: EDON scam ICO
Post by: andyatcrux on April 20, 2016, 09:56:52 AM
There is one guy who lost 220 bitcoins
https://bitcointalk.org/index.php?topic=1441655.msg14602400#msg14602400

This is just incredible, especially given the fact that he could have used the Bittrex escrow. Must be ridiculously rich to toss that much down the shitter.


Title: Re: EDON scam ICO
Post by: connexus on April 20, 2016, 10:20:15 AM
There is one guy who lost 220 bitcoins
https://bitcointalk.org/index.php?topic=1441655.msg14602400#msg14602400

This is just incredible, especially given the fact that he could have used the Bittrex escrow. Must be ridiculously rich to toss that much down the shitter.

Maybe he thought it was another Lisk or Waves ICO with legit developers.


Title: Re: EDON scam ICO
Post by: muchoman on April 20, 2016, 10:31:29 AM
Rich people never throw away money and are extra cautious, apparently this guy didn't care, this kind of major mistake has to hurt.


Title: Re: EDON scam ICO
Post by: 00lakhwinder00 on April 20, 2016, 10:36:29 AM
Thanks to icocountdown , who gave a warning before the ico, I didn't invested in ICO.


Title: Re: EDON scam ICO
Post by: BanzaiBTC on April 20, 2016, 10:51:39 AM
Why am I not surprised at all?  :D

Tiny Cryptocurrency history tells us that about 95+% of all ICO coins turned out to be a scam... But hey... Keep buying them.. Keep on filling up the pockets of con artists...

Why do you buy into an ICO? Simple.. Greed.. You assume/hope you can make a nice profit and dump them on the market to some dumbass who missed the ICO and is willing to pay more the the original ICO price.. Amazing how some jpeg design images can make people think like that..  :)


Amazing how people are willing to set such a marketcap to a coin which isnt even launched yet.. and shows no signs of innovation.. lol..


Title: Re: EDON scam ICO
Post by: gravitate on April 20, 2016, 10:57:28 AM
Why am I not surprised at all?  :D

Tiny Cryptocurrency history tells us that about 95+% of all ICO coins turned out to be a scam... But hey... Keep buying them.. Keep on filling up the pockets of con artists...

Why do you buy into an ICO? Simple.. Greed.. You assume/hope you can make a nice profit and dump them on the market to some dumbass who missed the ICO and is willing to pay more the the original ICO price.. Amazing how some jpeg design images can make people think like that..  :)


Amazing how people are willing to set such a marketcap to a coin which isnt even launched yet.. and shows no signs of innovation.. lol..

Here Here.
Actually I never expect to make money from ICO's I do it to get some of the cheap coins. I usually sell to get my initial investment back and HODL


Title: Re: EDON scam ICO
Post by: Havelivi on April 20, 2016, 11:00:27 AM
This was funniest example of greediness when there is no technology exist and dev think it can make fool people easily there, i also was in shock to see the ask price on bittrex and it made me ROFL there but no truth came out.


Title: Re: EDON scam ICO
Post by: BanzaiBTC on April 20, 2016, 11:01:01 AM
Why am I not surprised at all?  :D

Tiny Cryptocurrency history tells us that about 95+% of all ICO coins turned out to be a scam... But hey... Keep buying them.. Keep on filling up the pockets of con artists...

Why do you buy into an ICO? Simple.. Greed.. You assume/hope you can make a nice profit and dump them on the market to some dumbass who missed the ICO and is willing to pay more the the original ICO price.. Amazing how some jpeg design images can make people think like that..  :)


Amazing how people are willing to set such a marketcap to a coin which isnt even launched yet.. and shows no signs of innovation.. lol..

Here Here.
Actually I never expect to make money from ICO's I do it to get some of the cheap coins. I usually sell to get my initial investment back and HODL

I understand that... And that is sort of the same as what I said.. But worked out different ;)

Anyway... Leave ICO's guys... This will not be the last one of this kind.. This "dev" just received capital to create 10's of other ICO coins.. lol.. (If the 220 btc story is true)


Title: Re: EDON scam ICO
Post by: axlroses on April 20, 2016, 11:27:10 AM
Since Bittrex added EDON, WAVES and STEEM ICO's I withdrew all my funds from there and only trade on Polo now..

Time is over for Bittrex, surely the next Craptsy soon

BITTREX SCAM!! wait and see  8)


Title: Re: EDON scam ICO
Post by: soopnon on April 20, 2016, 11:28:58 AM
Thanks to the timely discovery, they also want to cooperate with us in the Chinese market


Title: Re: EDON scam ICO
Post by: ocminer on April 20, 2016, 12:35:06 PM
This was funniest example of greediness when there is no technology exist and dev think it can make fool people easily there, i also was in shock to see the ask price on bittrex and it made me ROFL there but no truth came out.

I totally agree.. And they also had a "Q&A Hour" in the bittrex Channel to advertise even more.. Unbelievable


Title: Re: EDON scam ICO
Post by: craslovell on April 20, 2016, 12:56:23 PM
Wow, looks like my comment was the last one on there too before it was locked.

The project didn't look very shady honestly... up until the random ICO announcement with no substance behind it.


Title: Re: EDON scam ICO
Post by: Isolani159 on April 20, 2016, 12:58:44 PM
Bravo bittrex


Title: Re: EDON scam ICO
Post by: NextGenCrypto on April 20, 2016, 03:11:40 PM
Since Bittrex added EDON, WAVES and STEEM ICO's I withdrew all my funds from there and only trade on Polo now..

Time is over for Bittrex, surely the next Craptsy soon

STEEM wasn't an ICO, but, good try with your FUD.


Title: Re: EDON scam ICO
Post by: Mr.Ease on April 20, 2016, 03:21:43 PM
ah sad. I was hoping for my 30% bonus... so lame


Title: Re: EDON scam ICO
Post by: Fring on April 20, 2016, 04:00:47 PM
Why am I not surprised at all?  :D

Tiny Cryptocurrency history tells us that about 95+% of all ICO coins turned out to be a scam... But hey... Keep buying them.. Keep on filling up the pockets of con artists...

Why do you buy into an ICO? Simple.. Greed.. You assume/hope you can make a nice profit and dump them on the market to some dumbass who missed the ICO and is willing to pay more the the original ICO price.. Amazing how some jpeg design images can make people think like that..  :)


Amazing how people are willing to set such a marketcap to a coin which isnt even launched yet.. and shows no signs of innovation.. lol..

This is kind of just victim bashing, since when did wanting to profit off of an investment become a bad thing? The incentive to allocate resources to the things that are good is what drives the world forward, and without this "greed" the good projects wouldn't be able to get the funding they need and deserve.

Of course people should watch out for scams (and for that matter, for projects that aren't worth investing in even if they're well intentioned), you can say they should have been more careful or recognize whatever warning signs, but blaming the desire to make money is misguided.


Title: Re: EDON scam ICO
Post by: Rem9 on April 20, 2016, 04:02:45 PM
First question. Did they reveal who they were? If I don't even know who's behind a coin why risk it and hope it's not a scam?


Title: Re: EDON scam ICO
Post by: wahyu5 on April 20, 2016, 04:17:43 PM
OMG.... I don't believe this , I think this is a big project and will continue with a professional team.  :'(
I was stuck in a bad situation


Title: Re: EDON scam ICO
Post by: captaindz on April 20, 2016, 04:21:34 PM
First question. Did they reveal who they were? If I don't even know who's behind a coin why risk it and hope it's not a scam?

https://bittrex.zendesk.com/hc/en-us/articles/218843307


Title: Re: EDON scam ICO
Post by: Jookly on April 20, 2016, 04:41:47 PM
Since Bittrex added EDON, WAVES and STEEM ICO's I withdrew all my funds from there and only trade on Polo now..

Time is over for Bittrex, surely the next Craptsy soon

STEEM wasn't an ICO you are mistaken on that part.


Title: Re: EDON scam ICO
Post by: BanzaiBTC on April 20, 2016, 07:01:50 PM
Why am I not surprised at all?  :D

Tiny Cryptocurrency history tells us that about 95+% of all ICO coins turned out to be a scam... But hey... Keep buying them.. Keep on filling up the pockets of con artists...

Why do you buy into an ICO? Simple.. Greed.. You assume/hope you can make a nice profit and dump them on the market to some dumbass who missed the ICO and is willing to pay more the the original ICO price.. Amazing how some jpeg design images can make people think like that..  :)


Amazing how people are willing to set such a marketcap to a coin which isnt even launched yet.. and shows no signs of innovation.. lol..

This is kind of just victim bashing, since when did wanting to profit off of an investment become a bad thing? The incentive to allocate resources to the things that are good is what drives the world forward, and without this "greed" the good projects wouldn't be able to get the funding they need and deserve.

Of course people should watch out for scams (and for that matter, for projects that aren't worth investing in even if they're well intentioned), you can say they should have been more careful or recognize whatever warning signs, but blaming the desire to make money is misguided.

Yeah you are right.. My apologies for that... 
I just can't understand how one feels when buying an un-launched nothing new to offer coin with a made up marketcap.. I never understood that..

Good thing bittrex refunds the investors btw..


Title: Re: EDON scam ICO
Post by: xboxsold on April 20, 2016, 11:43:57 PM
In the future i recomend that ANY new ICO have at least a RESUME thats verifiable online with a Known Linkdn account and facebook and Somebody to vouch for them that is known in the community or at least pass the icocountdown.com team's Verification Process and get Regsitered with them.


Title: Re: EDON scam ICO
Post by: ICOcountdown.com on April 20, 2016, 11:46:20 PM
In the future i recomend that ANY new ICO have at least a RESUME thats verifiable online with a Known Linkdn account and facebook and Somebody to vouch for them that is known in the community or at least pass the icocountdown.com team's Verification Process and get Regsitered with them.

I can start doing this if you like here is another one to watch out for:

https://medium.com/@icocountdown/solcert-tokens-warning-adcb794860d2#.6s2758wza


Title: Re: EDON scam ICO
Post by: neolinkhati on April 20, 2016, 11:53:53 PM
It thief anywhere.
We have to take care of any future ICO.
I remember the SHAREXCOIN, there I missed something.


Title: Re: EDON scam ICO
Post by: mortare on April 21, 2016, 06:57:28 AM
Tbh is was very clear from te beginning that this was scam. Dev never responded to any technical questions.


Title: Re: EDON scam ICO
Post by: orendel on April 21, 2016, 07:25:14 AM
Tbh is was very clear from te beginning that this was scam. Dev never responded to any technical questions.

Agree, a lot of red flags in the EDON ICO thread


Title: Re: EDON scam ICO
Post by: joywin on April 21, 2016, 07:29:34 AM
Since Bittrex added EDON, WAVES and STEEM ICO's I withdrew all my funds from there and only trade on Polo now..

Time is over for Bittrex, surely the next Craptsy soon

BITTREX SCAM!! wait and see  8)
lol, bittrex is scam too ;D


Title: Re: EDON scam ICO
Post by: ICOcountdown.com on April 21, 2016, 07:36:43 AM
here is another one for you guys: ION coin

https://medium.com/@icocountdown/ion-coin-warning-cb686fb6e7a4#.98dtikloq


Title: Re: EDON scam ICO
Post by: kame.japan2 on April 21, 2016, 07:42:02 AM
Tbh is was very clear from te beginning that this was scam. Dev never responded to any technical questions.

Agree, a lot of red flags in the EDON ICO thread

true.

https://m.popkey.co/9360c4/87wLe.gif


Title: Re: EDON scam ICO
Post by: kurumi on April 21, 2016, 08:10:38 AM
Tbh is was very clear from te beginning that this was scam. Dev never responded to any technical questions.

Agree, a lot of red flags in the EDON ICO thread

true.

https://m.popkey.co/9360c4/87wLe.gif

http://www.neverpaintagain.co.uk/wp-content/uploads/2012/05/lose-money-man.jpg


Title: Re: EDON scam ICO
Post by: *Sakura* on April 21, 2016, 09:22:59 AM
In the future i recomend that ANY new ICO have at least a RESUME thats verifiable online with a Known Linkdn account and facebook and Somebody to vouch for them that is known in the community or at least pass the icocountdown.com team's Verification Process and get Regsitered with them.

I can start doing this if you like here is another one to watch out for:

https://medium.com/@icocountdown/solcert-tokens-warning-adcb794860d2#.6s2758wza


Thank you for the good work! Your work has helped many people. Keep it up!


Title: Re: EDON scam ICO
Post by: BETAWI on April 21, 2016, 09:26:30 AM
I had wanted to participate in the ICO, but after reading a few threads about EDON better then I canceled my intention that was it.

But until now I still follow the news update


Title: Re: EDON scam ICO
Post by: kame on April 21, 2016, 02:51:53 PM
I had wanted to participate in the ICO, but after reading a few threads about EDON better then I canceled my intention that was it.

But until now I still follow the news update

the forum is locked. you can't get any further info there.

how's official home page and twitter?


Title: Re: EDON scam ICO
Post by: Nevis on April 21, 2016, 02:58:36 PM
Good thing i followed my instincts and i dont have BTC to invest in that scam developers, waves is more legitimate than that.


Title: Re: EDON scam ICO
Post by: Nefritox on April 21, 2016, 04:12:18 PM
This was more than suspicious from start, also bittrex is not scam. They simple add anything which can cause them profit.


Title: Re: EDON scam ICO
Post by: kame on April 21, 2016, 04:20:39 PM
my reputation to Bittrex was they do strict KYC for every ICO entry. However, EDON was listed in Bittrex. what kinda trick they made?


Title: Re: EDON scam ICO
Post by: neolinkhati on April 21, 2016, 11:06:20 PM
EDON site is back?

what movement is this?


Title: Re: EDON scam ICO
Post by: mistercashking on April 21, 2016, 11:16:35 PM
Saw this on twitter. This is the Edon dev. lol ICO scam fail.

http://forgifs.com/gallery/d/232166-2/Thief-steals-wine-bottles.gif


Title: Re: EDON scam ICO
Post by: BanzaiBTC on April 21, 2016, 11:58:18 PM
LMAO  8)

Epic fail...


Title: Re: EDON scam ICO
Post by: anehh on April 22, 2016, 12:34:22 AM
I had wanted to participate in the ICO, but after reading a few threads about EDON better then I canceled my intention that was it.

But until now I still follow the news update

the forum is locked. you can't get any further info there.

how's official home page and twitter?
Facebook group: Closed (maybe)
Twitter: Sorry, that page doesn't exist
Web: accessible , but there is no update


Title: Re: EDON scam ICO
Post by: goostatic74829 on April 22, 2016, 12:35:45 AM
Saw this on twitter. This is the Edon dev. lol ICO scam fail.

http://forgifs.com/gallery/d/232166-2/Thief-steals-wine-bottles.gif
He supposedly did get 220btc so was actually great success :)


Title: Re: EDON scam ICO
Post by: kame.japan2 on April 22, 2016, 03:18:55 AM
I had wanted to participate in the ICO, but after reading a few threads about EDON better then I canceled my intention that was it.

But until now I still follow the news update

the forum is locked. you can't get any further info there.

how's official home page and twitter?
Facebook group: Closed (maybe)
Twitter: Sorry, that page doesn't exist
Web: accessible , but there is no update

@anehh thanks! my browser warn me not access the site due to security issue. I recommend keep distance with their official website anyway.

Cheers.


Title: Re: EDON scam ICO
Post by: ICOcountdown.com on April 22, 2016, 03:30:12 AM
Do not visit the website, it could contain malware or if there is a login, it can steal your usernames and passwords.


Title: Re: EDON scam ICO
Post by: CryptoWitch on April 22, 2016, 10:57:18 AM
How did this coin passed the vetting process of Bittrex  ???


Title: Re: EDON scam ICO
Post by: bitbitch on April 22, 2016, 11:23:54 AM
although early bird bonuses are very tempting (designed to be exactly that) i never invest in an ICO at the beginning of the offer period. i wait for the coin's bitcointalk thread to begin to reveal the truth about the project. I'd rather have less of something than more of nothing. Edon was on my list (as is every ICO proposal)...and now it isn't.


Title: Re: EDON scam ICO
Post by: kame.japan2 on April 23, 2016, 10:20:26 AM
How did this coin passed the vetting process of Bittrex  ???

That's exactly what I would like to know. Bittrex worked fine for refunding but It was not strict as I expected.

   


Title: Re: EDON scam ICO
Post by: 00lakhwinder00 on April 23, 2016, 10:30:57 AM
Bittrex supported nicely, refunding the money back.


Title: Re: EDON scam ICO
Post by: egghead123 on April 23, 2016, 11:00:34 AM
I didn't put much into this but happy to see bittrex refunding it.There must be a better way for exchanges to vet these things?


Title: Re: EDON scam ICO
Post by: andrepierre on May 13, 2016, 07:59:58 PM
I didn't put much into this but happy to see bittrex refunding it.There must be a better way for exchanges to vet these things?

Very good move from Bittrex to build trust in the exchange.