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Matrix has You,
Or how CryptoRush steals your money.
I will say in advance, that I’ve an experience with various exchanges – working generally with Forex platforms not for the first year. Therefore I would like to share my experience I’ve got from rather new exchange platform - CryptoRush.
By that time I already traded on exchanges: BTC-E, BitStamp, Cryptsy, Poloniex, SwissCex. In common I found these trade systems acceptable and their systems, support and the management constructive and responsible.
Now down to the business.
Not very long ago a friend has asked me to sell his coins TRL and LYC, which were quoted on the CryptoRush exchange. Subsequently we have made some tests, which results I want you to acquaint. The first that was evident – existence on Stock quotes list - three types of refresh buttons simultaneously – one button for each of balances (for example LTC and BTC) plus detached refreshing for quotes.
It was weird to me as the person who has a little experience in JS – one can compare for example the work of interfaces CryptoRush and BitcoinWisdom, where several times in a second are updated both charts and arrays of quotations and various list of the other things.
The purpose of lack of autoupdating - both of balances and quotations became suspicious to me and the farther the it is more.
On the balances page of CryptoRush interface – every currency is updated by a separate button – so the customer who wants to know his actual balance must refresh every currency separately. Knowing the work of other exchange platforms and how easily one can install the autoupdating, gives to me the thought of a dirty trick crept in.
Slippage of the stock charts.
Rather large number of brokers to increase of their profit anyway uses chart slipping
– which essence consists of the following: The broker can -for milliseconds!!!- backdating to detain or accelerate carrying out the client transaction to take from this a small benefit. I will tell forward, that method is not quite lawful, and many brokers are compelled – to pay compensation to the customer when the proved case of slipping appears. There is rather large number of brokers - essentially not using slipping and declaring it for the clients.
What do we see in case of CryptoRush???
Stock quotes list sometimes is updated, sometimes remain frozen, and delays of updating have hypertrophied character but absolutely not a fraction of a seconds!!!
When I saw it, I’ve asked my companion to make experiment: We’ve made two absolutely different CryptoRush accounts, and use obviously different IP. One man put an exchange rate, and another waited for its emergence on other terminal. What did we see???
Rates came with hypertrophied delays which were reaching sometimes not a seconds, but sometimes several minutes!!! But the transaction which lived 21 MINUTE was an absolute record)))) This attractive transaction was closed, without having reflected, on other terminal - despite continuous attempts of updating!!!!!!!!!!!!!!!
Oh - what am I telling you about?
I, misters, want to tell you that rates in the CryptoRush exchange are no more than the picture or a fog – CryptoRush is accepting rates from you, which you put in compliance with the picture, which CryptoRush guys decided to show you at the moment, and then they close transactions so, that take from you not a commission, but is acting as the intermediary - buying a rate at one price and reselling this rate on absolutely another price. Thus the part of profit taken-away by the CryptoRush sometimes reached 90 or even more percent from the transaction price!!!! Do you want to see record-breaking low commission of 0.18% from the transaction??? – Here You are!!
Our numerous attempts to contact to the management and support, our requests to contact the management, for clearing the results, and carrying out cross verifications between clients weren't heard. It got to the point that once I’ve bought from another terminal my genuine own offer with 50% discount. )))
– All this 50% of the rates price has been taken away by CryptoRush as commission!!!!!
But also it’s not the end. When you input a price of rate manually, terminal sometimes “jumps“ to the price offered by CryptoRush. And this, again, is not an accidental "bug." There is a high probability that at the time of such substitution - the quantity of zero signs in buy/sell rates not equals, and you mechanically enter the price, having forgotten to remove excess zero. )))))))
If do you think, that CriptoRush will suggest you to enter transaction confirmation, as used for example in SwissCex – you are wrong.
If do you vote, that as the result of such transaction - causes sell/buy with the existing offer with maximum rate, as it with guarantee occurs at all other exchanges – you almost guessed, but not absolutely.))
Result of such transaction – you will see, that quantity of your coins really was subtracted from the offer with maximum rate, BUT…..
Unlike to all other listed and not listed stock exchanges – You will not see on your balance the money, for which your bid has just been sold. )))
– It’s not too bad, when you’ll finally find at your balance 10-15% - all the rest CryptoRush usurp itself. ))))
You say it's fantastic? No – it’s CryptoRush with transaction’s commission 0.18%
)) and IT WORKS FOR YOU.Having seen similar "miracles" we decided to look at the CryptoRush closer. We began to measure time of transfer of “heavy“ coins, such as Aur in a different market situation. We found out that in 1,5 – 2 hours Aur coins have in average minimum 6 confirmations, that is confirmed by more or less identical time of coin transfer for other stock exchanges.
What did we have with CryptoRush???
In case of a stable market situation the coins were confirmed by CryptoRush in 1.5 hours, as were expected. However the situation was radically changed at the falling market. In the presence of the mass of confirmations in the wallet – coins were traveled to the balance 3, 4, and one time more than 6.5hours!!!
We can't carry this fact to the proved violation, but the gathered statistics from 10 cases testifies to it.
Summary.
Based on the data of the tests - it can be asserted with a guarantee:
1. The CryptoRush garbles and manipulates with buy/sale lists, and has a number of specially arranged technical bugs that allows a dishonest game conducting.
2. CryptoRush is not engaged and does not want to engage in honest work on transactions between the seller and the buyer for the commission 0.18% declared.
3. Almost all the benefits CryptoRush receives from fraudulent manipulation list of bets, untimely displaying of the bets and the transactions, specially created "bugs" in system, manipulation of transfer delays, untimely displaying of balances.
4. CryptoRush is engaged permanently in interception and resale of client transactions, sometimes taking away 50% or more of interests from the transaction price.
as a result:
If you are a miner, who wants only to sell their coins for once a time – do it three times carefully, and do foremost obligatory recheck of rates in other exchange sites. – Do not let dishonest swindlers from the CryptoRush to cheat you.
If you decide to make trading with your coins - seven times think more before to start to operate with the CryptoRush. With a 100% chance your transaction will be intercepted with CryptoRush and with a 50% chance your transaction will be resold by CryptoRush for a different price.
Unless absolutely necessary DO NOT Thimblerig with scammers – because there are a lot of honest and verified crypto-exchanges.
Johio
This is a Google translation… 0)))
