Bitcoin Forum

Economy => Scam Accusations => Topic started by: tmatheu on November 17, 2018, 11:14:32 AM



Title: ALTEXCH - Scam ICO / Exchange - No Team
Post by: tmatheu on November 17, 2018, 11:14:32 AM
This ICO is a total SCAM! Completely anonymous devs running an ICO. As you can see on their website (https://altexch.io), there isn't single name indicating the team behind the project. There isn't any presence of them on social media.

There are too many amateur spelling mistakes in their whitepaper which they claim to be a yellow paper.
https://i.imgur.com/ltO9eNE.png
 ;D ;D Can't even spell Token
https://i.imgur.com/czrlf5y.png

Their exchange design is just a photoshop of the IQ Option interface. No actual working demo has been delivered.
https://i.imgur.com/vQHkqCW.jpg

They keep sending spam mails to your inbox everyday. In one of the links in the spam mails is a website to a coin which claims to give $100 daily provided you submit your government ID which they'll sell on the dark web. The same altexch guys are behind that site (http://basicincome.network).
https://i.imgur.com/7lQfj3u.png
Why are you asking me for ID, when you yourself hasn't provided your name and picture on your site.

They claim to offer margin trading, signal trading, binary trading and 35% comission of referral fees. ;D ;D ;D. What a scam!
https://i.imgur.com/d0zevrW.jpg
They're trying too hard to convince people to join LOL.

They claim to have raised $2M in private sales. Meanwhile they can't even provide a smart contract address to verify if the tokens even exist.
Huge red flag

They've also registered in the UK Beta House Of Companies. We all know that's where all scam websites register to trick n00bs into thinking they are legit.

Don't invest in this garbage


Title: Re: ALTEXCH - Scam ICO / Exchange - No Team
Post by: marlboroza on November 17, 2018, 01:42:53 PM
In addition, plagiarism part in yellow paper:

https://i.imgur.com/IQkbZyX.png

The same content can be found here https://icobench.com/ico/bitto-exchange :

https://i.imgur.com/Q7l1NRn.png




https://i.imgur.com/exB6t9J.png

Also stolen from the same project (can be found here https://www.bitto.tech/pdf/Primer_v1.7.pdf archived http://archive.is/91Ucz) :

https://i.imgur.com/PtFIPpr.png

Website archived: http://web.archive.org/web/20181117133803/https://altexch.io/
Yellow paper archived: http://archive.is/UwsPN

On side note, bitto exchange is working hard to launch their exchange in Q3 2018  ::)