Bitcoin Forum

Hello all,

I have decided to start researching all coins that look suspicious, scam, pump n dumps, or a REALLY bad investments. I will hopefully be posting about 1 coin per month duo to heavy research with analysis on why you should never ever buy it. My first coin will be 1337 coin also called "leet". Some of you may know this information, so this post will be directed to others, so they do not fall into the same trap.
First, lets analyze the simple stuff:

1. One person that goes by the nickname (Lady Whale) owns almost 70% of the supply, hidden in several wallets including cryptopia's wallet. This is extremely bad duo to 51%+ attack as well as being able to cause artificial price rises or market manipulation. Some images show that Ladywhale admit she can manipulate the market and that alone is huge.
https://gyazo.com/2b0a9758ff340457eb4f0c5d8f93cf86

2. The supply is 38 Billion coins with a current APR of 20% (down from 1337%). Yes, previously the APR was 1337%, meaning a few people got rich and control almost all the supply.

3. The coin had been taken over TWICE! First by Velvet78, next by Xenonflux.


https://bitcointalk.org/index.php?topic=1319833.0
https://bitcointalk.org/index.php?topic=2249640

4. The previous lead developer (Velvet78) hasn't produced anything major and was first on "vacation" for two months, then "busy programming", and finally "has a family emergency". If you check Velvet78's profile on here, he used to talk dutch and suddenly he learned turkish out of the blue and doesn't know what 1337 is. Did he lose his memory too? Xenonflux and Ladywhale (person with most coins) have been coming up with ridiculous excuses for months. Now finally, Ladywhale says Velvet78 is not the original developer and is still "recovering"

Even KingofDew (previously a crypto youtube is worried and hasn't been in contact with velvet)

https://gyazo.com/80a3e9a23824eb2c9d9c0531f557015e
https://gyazo.com/d03210a99d03c5da304c918eec35066a
https://gyazo.com/f331ed2d10f1126237c37a510444f2dc
https://gyazo.com/20a299dcd243928846c1c65333a821f2
https://gyazo.com/be4dcd3d49d8f9a3f91cdd1488e77786


5. Yobit owns millions of millions of coins and is staking them, causing more sell pressure. Nobody is even buying and Yobit is just selling their stake for free money.

https://gyazo.com/01d3a3661a7dae8ea1a891c0a422fdbc


6.1337 has been here for more than a year and have released nothing that "big".

https://gyazo.com/bafc4c9ffc8346ed2a77088a18e74bec

7. Ladywhale is very shady admits she is the largest buy support on all exchanges.

https://gyazo.com/7b9c0bba7342127fa6b8d1c03cdeddd4
https://gyazo.com/85617d8cd53575065a166f0d5a80d171

8. Graph is a typical pump n dump graph:

https://gyazo.com/c431d7deee2f57c0cbb7bec588feabe9

9. Ladywhale owns the slack, website, and almost everything and not the 1337 foundation or team. She is also very aggressive (since she owns a high %) and has banned people (user by the name secdava) for reporting a vulnerability or anything that has the potential to hurt her investment. Not sure who owns the vulnerability, but the user that stated there was one got instantly banned.

https://gyazo.com/988942887c407784defb77e2a6b89f2a
https://gyazo.com/d9a924f76aedefd6d953358416f0853c

10. There was a website contest and this is the new website.

https://gyazo.com/7dc251d1172854c02d2dadab9e818ce4


Seems some of 1337 team members told people from discord to reply here to help protect their image, so some posts will call this FUD even with proof.

Its a total shit coin once bought it

feel free to verify anything I have stated; I have provided definite proof and a lot of it

There are lots of such coins that has created without any special aim and only for making the developers rich. There is no future for these coins. The coin you mentioned is one of hundreds of shit coins.

i note that since the last bitcoin pump before hard fork, most of altcoins are subject of pump and dump.

be careful and don't be greed when you see a coin pumping!

Yes this is totally the Pump and Dump coin! When i first noticed 1337 it felt like scam coin to me because of no purpose to the coin, it's a lot worst then Doge coin, but at the end of the day some people are making money with it and some people loses money that's just how the Market is :)

Exactly and 1 person controls 70% of supply and has buy walls across several exchanges. This is a heavily manipulated coin and possibly a scam; 1 person can literally turn off the entire project. Having a person with almost zero programming experience control a team of "1-2 people max". It used to be once before this.


Because people keep buying them. Even though you know it's a shitcoin, others don't.

Execuse me, but this is shitcoin! Why bother to consider them seriously?

Yes that true! but maybe he just build awareness of this kind of shitcoin in order other people avoid to being scam, anyway thanks for this info and your research its really appreciated.

Your write up is well done and this coin is definitely worthless. Looking forward to other coins you decide to pick on! Other candidates would be almost any of the eXXX coins that came out recently.

your first two points are already completely wrong. why would anyone bother looking at the rest  ::)

supply is 25 billion and lady owns 30 %, not 70. maybe try too understand what the columns in the table you posted mean. ;)
or use a blockchain explorer instead of some random screenshots...
https://chainz.cryptoid.info/1337/#!wallets
 (https://chainz.cryptoid.info/1337/#!wallets)

Good job posting a thread.
But with a name like 1337 I wouldn't have expected anything serious anyway.

Thank you for sharing your thoughts and what have you found regarding this coin.
It seems that it is not worth to invest in this project.

So.. where's the proof? I can only see meaningless fud.

Thanks for a good laugh tho, newbie  :D

I usually do not post on these forums and just registered here to defend 1337 coin after someone posted this thread on twitter. I have been with this coin for long and though its slow, there has been developments and the price is steady unlike other pump and dump coins. The guy who started this thread tester99 (yeah right) lol, he is the actual asshole secdata i think who was banned from Slack for misbehaving. This guy tried to manipulate users on Slack. The proof he has above are not true as @nappsuelze above pointed out. Dev is currently busy and do not want to waste his time replying to this bullshit but you can see his reply in the 1337 ANN https://bitcointalk.org/index.php?topic=2249640.msg23151592#msg23151592 . Go cry somewhere crybaby tester99 AKA secdata.

P.S. The screenshots of the presstab above..lol. Dude it has been more than 6 months that presstab has been displaying wrong info, they are not in sync with 1337 chain. Get it?

Maybe you should check multiple wallets as I have stated :)
Check the mined + coins (in's and out's)

The APR was 1337% at one point.

You are making no sense at all..lol in's and out's..lol? How do you know who owns which wallet?

So whats wrong with 1337%?

Please show me wich wallets you're talking about  :)

And maybe you should start writing about all those 5000% APR coins that are out there instead?

That grudge you're holding is going to make you depressed someday. Just saying  ::)

Both of you are from 1337's discord, so not going to argue with you as giving you this much evidence seems not enough and the hold herd mentality is strong in this one. Feel free to refute all the other evidence or actually reading them.

Nope, as i mentioned before i saw this on twitter and came her to defend the coin i love. With more of your lame and stupid comments, you are only proving your ignorance.

To enrich themselves through crypto they create coins that are less qualified, Aiming at market engineering in order to take advantage as much as possible

Indeed, nice catch to warn people; do not buy shitcoins or you may ended as looser, give your funds to them who manipulate the prices in the trading market. It's not worth at all to invest in shitcoins, don't bother to learn about it, if you want to invest or trade some coins, choose some potential and most famous coins in the market such as ethereum, dash, zcash, byteball, monero, bitconnect, and so on.

It's 1337 coin what's supposed to be expected of it lol. Next Moon coin is going to be a scam!

So your counter argument is calling someone "lame, stupid, and ignorant".

Ok got it.

Exactly, couldn't have said it better.

what's the purpose of this coin?

None, it's not being used for transactions (much) or anything. Look at their network activity; people are tricked into holding or selling using pump n dump tricks. #1 holder has manipulating the price and has highest # of coins and has no economic or programming experience and hires people to try to pump it. First it was a gaming coin and now a charity, cancer research, and gaming coin. Seems like that person is getting desperate. 

Sounds more like you're desperate for attention  :D

I kind of agree with the OP. I originally got into 1337 because of their minecraft server (gaming).
They were the only coin to offer this at the time.
But they are taking way too long to release it. Meanwhile, at least one other coin is
offering a similar minecraft server. Now 1337 is searching for another purpose.

I see this with other "shit" coins. They offer something unique but take too long to
implement it. Meanwhile other coins are catching up to you and are offering the
same/similar thing. So now what you different?

Being in the market first only counts if you are actually in the market first.