1. Massive Eca pump the days before CM closed. 90% vol (Increasing 10000% over 1 week)
2. CoinsHouse and CoinsControl open the same day when CM close. (Same owner as CM)
3. Eca Discord warns user not to withdrawal on CH and CC (aka you can’t withdrawal, only buy)
4. No one can withdrawal more than 0.1btc from CH or CC (They will send to the wrong address etc)
5. Eca added to CryptoBridge fatbtc. No volume. (Basically no one buys Eca)
6. CM has over 20billion Eca. Basically 90% of Eca. If it were to open Eca would be worthless.
Conclusion: Classic pump and dump exchange/coin.
Lesson: Never buy a coin that is only traded from one source.
2. CoinsHouse and CoinsControl open the same day when CM close. (Same owner as CM)
3. Eca Discord warns user not to withdrawal on CH and CC (aka you can’t withdrawal, only buy)
4. No one can withdrawal more than 0.1btc from CH or CC (They will send to the wrong address etc)
5. Eca added to CryptoBridge fatbtc. No volume. (Basically no one buys Eca)
6. CM has over 20billion Eca. Basically 90% of Eca. If it were to open Eca would be worthless.
Conclusion: Classic pump and dump exchange/coin.
Lesson: Never buy a coin that is only traded from one source.
1. This is true, there was a massive volume days before CM shut down. This massive amount of people going into CM caused their servers to overload. However, they said this was going to be fixed since it basically went down and we have yet to see it come back up.
2. I don't know if this is true or not so I can't really answer this.
3. Yes, I did warn users not to withdraw massive amounts of coins at once because CH was marking them as "suspect". CH immediately PM'ed me about this issue (I can show you proof if you'd like) but they said any amount can be withdrawn, they just have to manually approve it (CH Team has to approve it). I then immediately posted an update saying it's fine (you clearly ignored). This was for any coin, mainly with BTC.
4. Is there proof of this?
5. Yeah, that's pretty much the same story for all the exchanges right now.
6. This is a complete lie. You can look at the richlist yourself. The biggest wallet hold 1 billion, I believe this belongs to NoveExchnage, the rest hold 800 million or less, one of these has to be CM's.
-JustOneAndDone (ECA Overseer)
First of all RichList as a metric is bullshit. No one holds everything in one wallet. This is ABC in crypto. Your next argument will be, the blockexplorer doesn't lie, the btc/ltc people deposited hasn't moved etc. They don't have to move. They sit nice and pretty inside 1 wallet. The keys for the exchange wallet has probably already been sold on the blackmarket. It wont move now. Maybe in a few months when this blows over. It probably sold for 20% surcharge. Or it is being "lent" out to EthLend Or similar services. If you know anything about crypto you know that all crypto is eventually fungible.
Here is how the scam worked:
1. You make a simple Exchange
2. You buy your own coin to get intra volume. (Basically making it appear to have a high trading vol on coinmarketcap)
3. Then people think there is something special about Eca. And they buy some.
4. Then people sell when they have 1000% profits.
5. The price would tank. But it doesn't. because CM&ECA™ keep buying back the ECA people sell.
6. ECA was doing 40 to 50m$ in 1 week around Jan.1
7. CM&ECA™ can only hold up the sell wall for so long. It probably costs 2m$ a day to hold it up. (Funny how that dip always bounced back so fast)
8. ECA is now cruising around 112th on Coinsmarketcap. You now have two choices. Either let the coin tank, then all eyes on you. Or crash your own exchange. Causing confusion. Who to blame etc.
Do you have any proof that CM and ECA are working together? ECA didn't even sign up to be on CM. Where would the devs be getting all this money? This isn't a company and it wasn't an ICO, we all work voluntarily and for free. Even if you stay the wallets are split up, look at them, non of them have moved coins out. Your only goal right now is to convince everyone that ECA is somehow connected to CM based on the simple fact that ECA went up in price and crashed a small exchnage. You have no real evidence, just pure far reaching speculation.
1. ECA coins doesn't move because they are locked up in CM. There is probably less than 5% Eca in circulation that isn't controlled by the scammers right now.
2. I have evidence. I can provide it if authorities send me an email from an official email handle. I have phone numbers, emails, names, text fingerprint analysis that leads to social accounts etc.
3. The volunteers of eca are just sock puppets. Most of the volunteers are just mechanical turks from India / China. Take a look at a tweet Eca makes. Look at the likes. 1000s of mechanicalturk twitter accounts.
4. The number one job of ECA-volunteers is to kick/ban/twart/cause-confusion/Tell-lies/spin-the-truth. They have entire teams set up to swarm around anyone who asks questions.
5. Where does ECA get money? I just outlined that for you. It's a pump and dump. You first pump then you dump. Classic scam. has been around since the beginning of the 20th century. Very common in the US with penny stocks. ECA&CM™ cleared about 50m$ in this scam. Thats when they dumped. Any more and they would attract too many that could potentially have resources to take measures.
I didn't say I had proof. I said I had evidence who the scammers are. Don't worry. The Eca "volunteers" are only guilty of being ignorant and brainwashed, this scam is above their pay-grade
![Wink](https://bitcointalk.org/Smileys/default/wink.gif)