[Sistemkoin Scams Hustle (HUSL) Project]

Sistemkoin Scams Hustle (HUSL) Project


#Sistemkoin #Crypto Exchange from Turkey has lied about Hustle $HUSL IEO results to its users.

1. Sistemkoin shared with public that $880,000 worth of HUSL tokens were sold in its IEO.

2. Internally, Sistemkoin has informed Hustle that they only sold $1,000 worth of HUSL tokens.

3. Hustle project paid 4 BTC (worth $32,000) to conduct IEO at Sistemkoin and only raised $1,000.

4. Sistemkoin only returned part of the unsold HUSL tokens. Sistemkoin then went to list HUSL tokens for trading without consulting Hustle project.

5. Sistemkoin lied to its users that this project was very popular (selling $880,000 worth of tokens). Hoping that Sistemkoin users will buy HUSL on its exchange.

6. Sistemkoin then dumps the tokens it has stole from Hustle project on its own exchange and other exchanges, to maximize their profit.

7. By project's estimation, 10m stolen tokens have been sold so far. Sistemkoin managed to dump a further $800,000 worth of tokens on unsuspecting users on its own exchange and other exchanges.

8. The greed of Sistemkoin has resulted in them making almost US$1m while all users and Hustle project have lost so much money.

The sudden reversal of behavior by Sistemkoin suggests that Sistemkoin is in financial troubles. Probably did not hedge its BTC and ended up losing a lot of money in the March crash of crypto prices. Why else would one make such bad business decisions?

Scamming their partners, dumping on users are typical moves small crypto exchanges make before closing down. It is the final cash grab by Sistemkoin to maximize all the profits they can make before disappearing. This sudden change in behavior was also witnessed right before IDAX closed down. Sistemkoin is going to exit scam soon.

What to do now:
- Withdraw funds immediately from Sistemkoin
- Share this to protect your friends in crypto and denounce bad behavior
- Do not participate in any bounty from projects working with Sistemkoin
- Do not do any business with Sistemkoin

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Evidence:
https://twitter.com/TheHustleToken/status/1241921904988033024

Stay safe everybody!

1. ChainX is a wash exchange - 9th on CMC, that has climbed on recent weeks. ChainX is a new exchange and offers IEO. We expose their scam.

2. We have received an explosive leaked document of how IEO on ChainX operates. ChainX and scam marketing agency ICO Pantera are owned by Ryan Won Lee (Korean).

3. In a leaked contract between ICO Pantera/ChainX and Emjac (IEO project - https://emjac.io/ ), there is a "Private Funding scheme". Quoting the contract,

"Selling the tokens through OTC after Listing and making Chart. For example you can make the price upper 1$ then sell the tokens at a low price. (Precautions 1 : if Chart is maded in korea, then selling the tokens in other countries like china etc.)"

4. What this means is that ChainX will manipulate the chart to show the price of Emjac at a fake high price, while selling the same tokens through OTC at a much lower price.

5. Any IEO participants and purchasers of Emjac on ChainX will get dumped, since ChainX is selling the tokens much cheaper outside the exchange. OTC purchasers of Emjac will be able to deposit into ChainX to dump against ChainX IEO participants.

6. According to the contract, ChainX will earn a further commission "from 5%" onwards.

7. Hence, it is exposed in this document that ChainX does the following:

• a. Manipulate the price chart of coins on ChainX. All ChainX volumes and prices are fake!
• b. Screw their own IEO participants by selling cheap tokens outside the exchange
• c. Allow the OTC purchasers to dump their tokens on their own IEO participants
• d. Earn a commission on all the OTC sales they make

8. ChainX is literally profiting out of their users, their crony OTC connections, and their project clients. Is there a more money-grabbing exchange?

9. Share this post to your friends. Let's protect crypto community from greedy criminal organizations like ChainX.

Attached: Leaked contract between Emjac and ICO Pantera/ChainX
https://anonymousfiles.io/fBCrUpdo/