Bitcoin Forum

So the otho.network team executed a pretty good scam. Those of us in the project from the beginning have now been banned from their telegram and forums for outing this scam. We found out the sad news last night and over the course of today. I hope many of you didn't lose any money, for those of you that did I feel your pain and quite a few others as well.

This thread will hopefully prevent anyone else from being screwed over by these scumbags. Here is a few links to provide proof.

So this is a good lesson on how you can even be scammed by free airdrops. Disappointed is an understatement.

Otho.network - check the community aka forum pages, specifically the bounty and kucoin listing threads - http://forum.otho.network/

Twitter account was deleted earlier - https://mobile.twitter.com/Otho_Network

Facebook account was deleted earlier - https://m.facebook.com/Otho.Network/

Check the telegram channel and scroll through the last day's messages to see the bad news and how we figured it out - https://t.me/OthoNetworkCommunity

Their official bounty thread - https://bitcointalk.org/index.php?topic=2719981.0

Official ANN thread - https://bitcointalk.org/index.php?topic=2701173.0

Yeah they announce that OTHO will be listed on Kucoin today but its a Scam signal so many people will buy their OTHO on sell order with cheap price. I though this projects will br successfull but they broke it OTHO community is good too its always active not suspected to be a scam and OTHO has a forum.

Such dishonest companies are becoming more and more every day(
Many people want to earn money at someone else's expense.
I hope they will be held accountable!

people involving in it are doing that at there own risk i can't pay a dime for an airdrop it is  not possible i can only invest my money on ico i have made a lot of research on it and which doesn't have red flag.

Thanks for the heads up about Otho.  I was looking into this project earlier, sorry to hear that the team was dishonest and tried to squeeze out even more money with false announcements.  Crypto is a risky investment these days, make sure to do due dillegence.

I never trust companies which attract people to their project by referring system. Most of such project are become scam

Well, I was just looking at this before. Luckily I didn't put any money on Otho. Sorry for the loss of others.

I also have noticed their announcement about listing it in Kucoin but upon checking, I can't find OTHO paired with any of the active markets in Kucoin. Okay, I was deceived but good thing, I didn't lose any amount, only efforts.

I don't even understand why some of these scammy projects spend so much effort and time to make like $10k-$20k when they could make millions delivering a decent project. If you have the skills to build such a nice website, forum, roadmap, social network etc...and go through the process of doing an elaborate air drop, you are essentially paying $5k to make $10k over the course of 3 months or so. It seems like you could make more just building websites? I don't know....I guess I can't think like a douchebag scammer. If anyone can explain the logic behind this shit, please enlighten me.

Such scammers discourage people to take part in any token sales.  This is how good projects lose their chance to increase their funds and earn more for people.  Sad.

Yes, legit projects would never announce that before getting listed on KuCoin. Because KuCoin doesn't allow such announcements before trading is going live.

Yes, I totally agree. The scary part is the lengths at which these scams are willing to go to get only a little amount of money. I am not one for regulating crypto, but the amount of scams going around right now is absurd. Otho.network scam is a real eye opener for me and hopefully for many others too.

sad to say that this is reality,and must serve as a learn to experienced,because until now lots of lots of users wanted to earn but not tooking care of their funds,putting instantly the capital in every ico that promises a good profit.but not noticing that all of them has saying the same thing..actually i dont know this otho project ii will search for this after commenting here.i hope all the victims of this project will soon recover and will take this as part of learning about joining and investing ICO..be aware that more than 30% of them as just to scam

Otho Forum is not working anymore -> Try to check http://forum.otho.network/

Also, I have been kicked or I can no longer access their telegram group chat.

A lot of people will be discouraged because of scam stunts like these. Also based on what 99th has said, this is truly an eye opener for us so that we will be more careful and informative before diving onto a project or ICO

Their site hasn't worked for me since I posted something similar to this in their own forums. And considering I was one of the higher ranked members in their forum I'm sure they weren't too happy. I assume they actually blocked my IP address and that's why their site appears down. I have not tried to access it with a mask or anything...I wonder if they blocked you too. Anyone can check to see if it is actually down or if we are being blocked from accessing it? Just curious if they are still trying to scam at this point. I did notice that the buy orders dropped from 2 cents to 0 over the last 12 hours. Scumbags.

Nowadays thousands of coins are created and if you're in a team it is hard for one coin to promote in order to embrace or accept by community. The otho project is accepted by community but unfortunately it was scam now. What a waste project, If only they continue the project, team will be a millionaire someday.

The next scammers. Unfortunately, fraudulent ICO more and more. This unfortunately the realities of the market are crypto currency. I hope that in the future the situation will change for the better.

I had participated the bounty campaign, thanks for attending us about this.

This was a complete surprise for me, for $ 300 I received an excellent lesson and life experience  8)

very unfortunately this kind of thing happens when the scam project is organized neatly so many birds stuck in their trap. honestly I was surprised when reading this news and the fate of luck still siding with me, because not to inves in this project even though only loss of work and time follow bounty program

BTT members are very thorough and meticulous I say thank you. Honestly I participated in bounty campaign otho and never see the progress of this project and just now I try to open twitter and facebook as expressed by the 99th is true

I'm just as surprised. The project and its bounty looked so good. It would be a pity time, if it was the only project of its kind.

Thank you for your information - hopefully others find a way to regulate ICOs and if Vitalik´s DAICO will be adapted in the near future there is a naturally sorting of such scam icos

Glad I actually helped many of you. If anything, I learned a valuable lesson and also feel more obligated to the bitcointalk community than ever before. If we can be sure to alert each other quickly when these things happen, we are surely saving each other from wasting time, energy, and money. In the future I will be more diligent to ask questions and dig deeper into a team than I have been in the past. I guess when something looks too good to be true it is. Sadly, if I had gotten out when I thought I should, I would have made about $1,000 from the 1100 OTH I had from the original airdrop, 2nd round, and the community awards. I'm kicking myself in the ass because I am not only out the time, energy, and money from the bounty and future airdrops (POS), but I believed so much in the project I didn't sell when I had the chance to make a very good profit.

I am learning so much, but it is truly painful.  :-[

I don't like the idea of ICOs being regulated but if this is how things are going to remain, then I think giving a body the chance to regulate icos will kind of put a stop to all this scam projects. I read threads of people accusing projects of scam and many others which is somehow degrading the good name of crypto as a whole.

Since this exit scam happened more or less at the same time of the F0me exit scam, I am now wondering if perhaps it was the same scammer behind.

I am starting to think the same way. I am against the idea of regulation, but something needs to be done before crypto is looked at like a complete waste of time where people get scammed once out of every 5 ICOs. The fact that 99% of these scammers are going unpunished just creates more desire for people to scam others too. Quite a sad and viscous loop we have become part of.

Not sure what the answer is - maybe it's Vitalik's daico. I am thinking more and more his idea is the best to come out since ethereum itself.

dam. im really surprised. lost time in the oth bounty. thanks for ann.

Yeah, for sure. You would think there would be a forum section just for known scams at this point, where we could just glance it over on a daily basis and know what to stay away from. I think a forum section like that would be a great addition to this forum as a whole. Protecting newbies and people with very little experience such as myself is vitally important to crypo's growth as a whole.

True you never know, could be one and the same, who knows

Unfortunately even in regulated markets like for example share markets and property you get people running scams.

I tried their site today from my friend's computer and it looks like they definitely closed shop.

Lol I think in total these asshats may have gotten away with about $5k. What a total waste of time for everyone involved including the scammers. This will forever go down as the dumbest scam that I have been a part of.

Damn! this very true buddy! I getting annoyed by ICO project using a referral system. Come on, this is a crypto, not an MLM group.
Sorry for OTHO community. This is a good lesson you all.

The questions is why. Why tf they do that ? Its like you just need to take another step to be success but throw it and chose to be scam, They know if they patience enough and do all the job perfectly their token will have grea value and they gonna get prize for that. A bunch of idiot i guess

Many of the ICO's dead were doomed from the very beginning. It's no wonder that projects like Clitcoin, Neverdie and Zero Traffic have not materialized. Those who failed with fundraising do it again in the new year and hope that the failure of 2017 can be written off as a trial period. One such example is, perhaps, the platform for freight traffic Doft.

Same situation here. Lesson learned for sure. I have been hit by a few exit scams and fortunately, only put in a few hundred dollars in a few of them, so it stings but I knew the risk when investing.  Will make me question some of the other airdrops I'm part of.  Otho sure went the extra mile for their possible small return.

Thank you for such valuable information, I really did not hear about such a project, but now I will know what a project is and what it is scam, this is another lesson for young and new investors. You can not trust anyone.

I see people still promoting this around the forums. Please be advised this was a total scam and you will lose any money you invest.

Do some research on any project you are told to invest in before doing so. Crypto is the Wild West and you need to be careful.

Thanks for the warning! It is a pity that such projects are increasingly found in the cryptoworld! :(

I'm kinda sad for people who invested in OTHO. I was in their bounty program and we got scammed as well. You never know what could happen to be honest. it seemed legit company and even they were very active on their social media accounts. Sorry for the community. Thanks for the warning. Cheers !

I'm also sorry for the people who invested in Otho Network. Me too, i invested time and effort with this ICO because I join their bounty campaign. If I just knew it asap I would not be able to promote it.

Nothing foreshadowed fraud. Probably people were preparing to make a deception. To do this, all methods are good. Investing their money in this project will pay off. I really hope that I will not really meet these scammers on my way.

I read about them and was interested in the project. I thought to buy. Thanks for the info. .

It is a shame.
I had a huge believe on their project and even participated in bounty & follow their infor closely.
A kind of shock at knowing that their telegram first disappear & then their twitter
It is poorly disappointed but that is kind of a factor of this crypto game.
let hope for the best
PS. Thank for infor, dub

Such a terrible shame.... To those who lost money, hope it wont be to problematic to get back on your feet.
Thanks for reporting and informing the community, this sort of help must be encouraged

Truly is a good lesson for all of us...

now time for my fav thing to say on my BTT comments

DO YOUR DUE DILIGENCE AGAIN AND AGAIN AND AGAIN

: )

This is one of the reasons why it's very difficult to participate in bounty campaigns nobody knows how it's gonna end up, other.network had been well managed and organized, all of a sudden it's turns out scam after all the efforts towards making it successful, it's really sad and disappointing how it's ended.