Bitcoin Forum

You can read it here https://www.publish0x.com/boyka/coronacoin-breaking-news-lead-developer-exit-scammed-xkqmjr?a=l9avrPVaG1&tid=scam

The lead developer just dumped 50eths worth of coronacoins at market price, and the rest of the team is also exiting the project. If you have any coronacoins just sell them.

Lol that has already predicted from the long time ago when all of the hyped coins were scam. Im so confused to see why so many people were still buying that crap coin. in the article and writer didn't even wanna try to mention what exchange site that has already listed that crap coin. That exchange must be avoided too.

What did you expect it to be? It is what it is. This coin was a scam and people were trying to make aware people. Despite that if anyone have invested, it is because they have no idea about crypto. The project was a scam by its name and DEV was waiting for the moment to dump their bag.

Since the beginning of this project with the selection of the current popular name Corona, I already do not believe and believe this will definitely be a scam, It turns out that my prediction is correct

I warned you about this scam coin many times. Hope that none of you lose money for this scam project. Scammers are more active during the crisis, be careful and keep your money safe
 

More than likely, the ones who got caught in this mess are maybe newbies or traders that wanted profit. But instead of profit, they lost. This type of project has no good intentions as they are anonymous. No clear plans but mere hype using the current pandemic. People should learn quick here otherwise, they will lose more money from worthless projects.

People have been warned but people are too stubborn to take an advised and now they must suffer from loss of funds in this crisis, next we are going to see are people posting that they have been scammed by these Corona coins, this is an old story that keeps repeating and yet people never learn.

From the name itself, it's already obvious that it's a scam.

I feel bad that there were still people that becomes a victim of this kind of scam. They were not completely aware that when a coin was made and its name was purely made for fun, they don't have any other agenda but to scam people.

Everyone wanted to play with money will obviously burn their asset just like that. From the looks of it. The developer make it looks like a legit one but from based on the article, no one is really can be trusted. 50eth isnt that high if you based on its current price but he is dumping free useless tokens and many are catching garbage here.

The same feeling. I am thinking those who got victim are also players who are experienced on playing with shitcoin but too bad the devs of this one is smart and make them bleed before even they can make their game profitable.

in the first place you already have idea that it will going to be scam soon. So this things is expected to happen, there is no way they can make that project a live for long time. I feel sorry for those who lost in this token's but its a good experience that you will never invest again for the hype project next time.

Might be those people still can't move on that whenever a project pops, they'll invest.

Gone are days that every project is interesting but with this one, this is unacceptable and they must be aware of what's happening today to the cryptocurrency world.

But the thing is that they were not aware of it.

Couple of days ago, I have created on this and the yobit listing. I think I was correct and that's what was expected to be honest. Yobit and coronashitcoin had the mutual agreement to scam the dumb investor who have no idea about the market. It's sad that yobit is assisting such coins to scam new investors.

From the beginning I knew that this was a scam project, they created this project for the purpose of scam investors. And I was even more surprised when it was listed on a few exchanges, how could it happen? But anyway, this project has been flagged and stopped, I hope that no one will be stupid and invest in this bullshit project.

Whoever invested in such coins had it coming, they have been warned several times on this forum and moreover what's the use case of such coin? I wonder how this gains the heart of people that makes them invest their hard-earned money

Yea I was expecting this to happen all along, I knew some people will still fall victim to the cheap scam, we have too many dumb ass in this world today and I really can't blame scammers, they've get what they deserve and know they will learn

For those who are greedy and invest in this project, they will surely have a useful lesson to be able to avoid future scam projects. I still can't believe that someone invested in this project in the last few days, obviously this is a scam project that has been warned by many people.

Can't believe its actually listed in the market. It could either be those 50ETH is just from the scammer dev himself and even lose money instead of earning because obviously the coin is a scam. His attempt just failed and so he dumped all he got before someone else will and the dev loses more ETH. I doubt he got some amount from this Corona coin, unless someone too naive to send.

I think many people have predicted this. even when they made a project with that name, so many negative responses were given. however, I also felt that such a project would not work. Well, it's proven by seeing this news

I wonder what kind of humans will invest their hard earned money on this type of coin, the name is enough to make you look away, it seems some people will never learn until they make mistakes

What I will say is that it serves them right for getting screwed. Gullibility didn't allow them to think straight that the project developers are only trying to make money off them by naming a coin with such name in this time of crisis.

The ones that are more stupid are the ones that read the warning and still refused to listen.

Every single Corona coins have no use case, why did people invest on them? For what reason? We have Bitcoin and other coins that's been around for years now, why Corona coin? It's simply foolishness to invest in such useless coin

People get easily provoked by it's name to the point that they don't even bother looking on it's background information and they don't even know if it's valuable. They just end up feeling remorse when it's too late and they have wasted their time and money. They aren't aware that it was a technique by a deceiver to encourage people to invest because they know that they can easily catch their attention by using the name of the virus.

I am sure many people won't surprise with this news because mostly crypto community was aware about this scam coin. Probably there will be some people who invested in this coin without deep research and lost their money I believe they have learned a good lesson with it hopefully they will be aware and responsible for their further attempts.

Even from the name and the situation behind it, you'll know the coins is not here to stay. if at all thay haven't exit scam now, what will be the fate of the coin when coronavirus is over? Which solution will it provide the world when it is over..... I guess the project will have to die any way no matter what happens

Even if someone were to start a cryptoproject named Scamcoin, there will still be people who would invest in it and still be
surprised when they exit scam too.

It is what it is, this cryptospace just brings the inner gambler out in people.
To the gamblers out there : https://www.youtube.com/watch?v=-rax4PbhuLM

(R.I.P. Kenny)

I'm not surprised, I'm expecting this will happen the corona coin will turn to scam. I don't know why still many people fell for this corona coin to invest and there were many corona coins existed and it will turn to scam anytime.

I am not surprised at all. It was even hard for me to believe that such coin would be listed on one stupid exchange.  There had been several warnings on this platform concerning this, so whosoever that fall victim of this should have his or herself to blame for it.  To be forewarned is to be forearmed.

Perhaps investors want to take advantage of its hype to make more profit. But anyway, it was a stupid decision to invest in this bullshit project. We have hundreds of other projects better than it and have more futures that need to invest

Well i think everyone know how the corona coin will end its not a suprise at all. I have no idea why people still invest on that thing. Its clearly a scam project that abuse deathly virus name. I hope people who already invest on it learn the lesson.

What do you expect? We have been telling people around not to buy any Corona related tokens because those projects will just simply scam. So I don't know why people are gullible enough and think that this is real when all signs are pointing that the people behind are just taking advantage of the situation. Too bad for people who fall for this trick, another expensive lessons to learned for them. So I'm not surprised by this.

If Corona coin devs can make 50eth from that shit scam then it means people aren't learning, they make decisions without doing any single research, it's who they are so there is means to pity such people

I didn't really get bothered by corona coin when it was launched, because it was always going to end up wrongly.
Why do i say that ?

If you create a token during a pandemic, and push it to an exchange, when the pandemic ends, what happens to such tokens ? It dies obviously.
Hence, this was an expected walkout, and i hope people do not get rekt.

Always get your tactics right, while trading or investing.

Obviously, it is, I think there are people who have made money out of this Corona related project, but it is very dangerous for a newbie to join thinking that they are making a difference by investing on this so called coins.

Now it has proven that motivates those actors behind, not to really help people but take the money out of unsuspecting victim. And I'm sure, one-by-one, these kind of projects are going to exit scam and it's going to be too late before someone realised that.

I am not surprised if a coin or project that utilizes momentum will be a scam. Because usually the team behind him does not have a mature plan in producing products. A good project will not use momentum or events for brief popularity and a good project will focus on the product that will be produced

This is why, the people who bought the coin have to consider before he spent money for investing then he should know first the ins and out about the project and team behind the project. Don't just buy the coin because it is popular and most people know about the coin sometime it will cheat you. For the first time I heard about this coin I just thinking that this coin will eventually scammed many people, because the team behind the project are not transparent and if I'm not mistaken there is an active accusation on scam accusation thread against this coin.

 ;D it is never a shock to some pioneers in this industry about the end of this project. I knew it would definitely end up as a scam project but it pains to see that greed has blinded so many crypto investors that they fail to see some of these blatant signs. This should send a lesson to noobs who got scammed in this project and hopefully, they would end up falling for such in the future.

Thanks for good info highly appreciated. As mostly investor join this type of project blindly and don't research for the project. When I saw this project I was sure it is a scam as it was launched when the Coronavirus issue is trending.

now there are no such investors. although with the name of a big figure who might be included in their team but when investors will invest it will not be that easy. many considerations will be made, especially for new products on the market. investors are now very mature in choosing a project.

its so obvious by the name of it, its a scam why would someone still falls for it, i think the reason why is that they though it will be hype since the current situation, i think the founder or developer promise , high returns , since everyone falls for it, the guys is so happy and run away with the money, i suggest before joining this new coin is a bit of research and monitor was it really a good one, or just a scam, i hope everyone who bought should learn a lesson from this

The one reason why I hate crypto is the freedom given to those who steal from other people using the tech and once they scam people and exit to other countries that's it, they are gone for good, this is why we must be very careful

I have no sympathy for those who invested in this scheme of a project. We already knew it would end a scam. The gloomy writing was visible on the wall but I guess sheer stupidity and greed drove some people into it. Any veteran member who invested in that scam should be immediately derobed/deranked for such act of foolishness. They truly don't deserve their ranks. These things keep happening and those who have been longer here should know the signs.

The thing is "Did really people bought this shitcoin?"or they are just Noob to be a victim?

so you hate Crypto?why still staying here?and why need to be here if you don't like it anymore?

we are all in freedom here so it is our choice to be Knowledgeable or remain Fool and just investing without learning from crypto investing.

You are responsible for your actions in crypto space, we have all been warned several times not to invest what we can't afford to lose, and secondly many make posts about these scam Corona coins, in fact we have over three if new coins using Corona name, why aren't people listening this days?

I feel sorry for those investors that put their trust on the team, this project was well hyped that it receives big donations from poor investors.

Let this be a lesson for everyone that if you want to donate, just send directly to any institutions that acknowledge cryptocurrencies and not in fraudulent airdrops.

Why people even buy that token! It already looks like a scam project by its name. It's very common now still people invest in this type of project. I do not know they are dumb or greedy. I have no hard feelings for those who invested these types of shit projects. They are responsible for their loss and I hope they have learned a lesson and will not do that again.

I guess we can't really call this an exit scam can we? In order for something to be an exit scam you need to first have a good project or at least a good looking project that everyone thought might be something decent and what not, but then turns out something bad after all. This was already known to be a scam to begin with, it was an start scam not an exit scam :D lol.

So,maybe people lost some money into this, nobody really should have believed him, there is absolutely nothing you can use corona coin neither, the real corona could have spread a lot faster than the coin obviously, so it is basically a cautionary tale to people who fall into these popular trendy topic coins, what are you going to do next build Joe Biden coin if he wins and spend money on that? Get it together and make smart investments.

Everyone here knows that it's a scam exchange, but I'm also surprised because so many people have been using this exchange for years. It seems they are greedy to see so many altcoins being pumped every day and they want to be profitable with it

Why this people taking advantage of corona disaster, should they think again before naming their token name, because its not funny using corona as your token name.

of course it's a scam. just by looking at the type and name of the coin we can already guess that the coin will only remain alive as long as this corona virus exists. and the biggest possibility is a program that exploits this worrying situation to get rich quickly. because they believe by giving the name of the coin according to the current situation, certainly many investors will be interested because they think this coin will help overcome the current corona virus.

This is true. These people dont deserved any sentiment of being a crypto guru. They are not added any good news on this case. Why do you think they can still scam few bucks from the community? Im guessing its also fault of our friends who dont recognize these kind of scamming way before. Also for God's sake its about corona the virus that killed many people on different countries. Knowing that potential risk for this is 99% is a necessary attitude already.

How is that an exit scam?

If it's his own coins, he should be able to dump them whenever he wants. If there was no team lockup enforced, then they're going to be free to dump their tokens if they choose.

Looks like this particular developer stole funds from the donation wallet... An anonymous developer stole money from a project... Nobody could have expected this! /s

Simple way around this in future, if the people with withdrawal access over a smart contract is anonymous and unreputed, don't send them any damn money.

From the start, I also doubted that those who did projects like this used the circumstances to do ico fraud.
Where we already know what it's like to be very bad, people are still cheating in a catastrophe like this.
i hope this people will get their karma.

What happen is very much expected investors have been warned, if they are not good at selling at the right time they should not invest or ignore this kind of project, it's only weeks ago when we see a lot of warning about this kind of projects, always remember scammers will always look for opportunity to scam people and take any situation as a good time to scam investors.

This is perhaps the third time i will read about corona coin exit scamming, is it that there are plenty corona tokens ? or is it the single one reported?

If this is another token entirely, then something is wrong
Lets avoid fake projects please.

How dumb those people are, even in 2020. ???

I never thought this project even exists in real! NOt sure how much olume they have got,OP says 50ETH,its only the total volume?

So people really invested in that shit project, seriously it was scam from all indications and I wondered what those who invested was expecting. Many of these projects have been coming up and the community have tried their best to educate people about the fraudulent nature of those projects. On a more serious note it just proved that there many investors who are still moved by what they see even though it aren't backed by any concrete idea. I hope this will teach others a lesson to always be at alert and always know scammers will take advantage of any opportunity they see.

I think people will learn lot from this who invested that coin named corona.Some people never learn without making the mistakes & this guys are the perfect example of it.But the question remains why they invest this types of strange coin?Are they sick?

The first time I heard about these coins I guessed that they were scam. Someone explained the coins and what they were all about – according to the explanation the prices of the coins goes up whenever people died; so anytime someone dies around the world from Coronavirus it reflects on the price of the coin.

When I saw this explanation that’s when I knew that this is a stupid project and a scam, although they claimed that it wasn’t such, but was created for a good purpose lol, all I can see is people taking advantage of the current situation and using it to make money and that’s what has happened now.

have you forgotten that this is a online community?so why blaming or Hating Crypto if this is happening to all online transactions?
don't just hate everything because no one wants this scammers around.

just be aware of this risk and make sure you are not Noob and Greed to become a victim.
.

They are here now
http://t.me/CoronaCoinCOVID

I think this is already under expectation isn't it?
I mean coins that are created on top of Epidemic, which they claim they will be doing "donation" which most people doubt

If people are really meant to be donating, they can just donate with Bitcoin which is the largest Crypto marketcap coin with most adoption