The problem is that in order to start a lawsuit I need money for lawyers etc. Unfortunately, I can't afford it at this time of my life
Lawsuits are usually not the answer anyway. "Investors" are usually broke after a scam. "Scammers" usually flee with their ill gotten gains. This is why it is so important to do research before parting with funds. |
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Even if he is real Ivan, would you trust his analysis right away and make an investment? I would never and others (as investors) should also as well. Advisors only post their views and analysis about the project and why they think it would be a good project to make an investment into. Your job is to do a proper research before making an investment where you could also take help of their views and reports.
People should know that they are trusting some other's view and it might lead to loss.
You only have to look at the huge volume of rip-off ICOs to know that the majority are outright scams or will result in losses. Advisors are salesmen. They don't act for the buyer - even though they might pretend they are "on your side". They may not be detrimental to your purchase decision but they benefit from the sales and work for the seller. |
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It is enough to read reviews about this exchange: Tradesatoshi have the worst possible rating in terms of cryptocurrency asset security. Yes, this is true. They are getting more and more "amazing" reviews. So many, that Tradesatoshi is afraid that all this scam is coming out, so the moderators ask users not to publish any responses of support and even the numbers of tickets in public places, like discord. It is extremely bad practice to disclose personal information on public places like discord. It is very easy for a scammer to imitate admin and mod usernames . Publishing your details in a public place allows scammers and phishers to target users. For instance: If you publish your ticket number and details - it can be used on the site to potentially "recover" an account. A scammer can also use the details they read elsewhere to imitate exchange staff. For this reason most exchanges will only deal with support tickets submitted through their site. It is an industry wide practice. |
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Meanwhile Cryptopia have been enabled lots of trade pairs, but deposits and withdrawals still down. Appears that they're moving the assets to the new safe wallets, first until then we won't be able to withdraw.
This process is painstaking process and really slow. Judging from their previous performance before they even hack they usually have a wallet under a maintenance for 2weeks to 4 weeks for a mere wallet update. I'm not sure if you mean that this process is "generally" slow or if it's slow in Cryptopia's case. Unless they use a couple home PCs and a DSL internet connection, they shouldn't be taking so much time to create and sync new wallets. If they're following a special procedure which takes a long time to complete, then they should let their customers know about it... after all they just robbed them from a respectable amount of their funds. I can only speak in general terms because I do not work there and don't know their exact process. An exchange wallet comprises of thousands of addresses. All those addresses have to be loaded and interfaced with the exchange software (deposit engine and withdrawal engine). Every user has a individual deposit address (unless a reference is used like with ETN). So if a coin has 20 000 users on the exchange then 20 000 deposit addresses have to be generated for that coin and interfaced with the software API. All the old addresses have to be checked for balances and transferred to the exchange hot wallet. That process is normally done automatically but since it is unknown what the cause of the breach is - it is possible that they are checking and transferring it manually. Cryptopia has over 2 million registered users and around 400 ? coin listings. It gives an indication of the scale of the work involved. It will involve a small number of staff because it provides access to private keys and therefore is sensitive information and security is at stake. |
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I remember when I signed up for Poloniex in 2014 I gave them a fake name, because I didn't necessarily trust them, as most people didn't. Then when their Circle acquisition came and they insisted everyone do KYC, I said screw that, because where I lived didn't even allow bitcoin exchanges and Poloniex would have certainly taken that into consideration. Poloniex also gave me the option of changing my customer name, which Trade Satoshi does not. They let me withdraw my coins, and I moved on. This is the standard I'm used to... It seems to me when an exchange uses KYC as an excuse to with-hold customer coins, something fishy is going on. BiteBTC has been engaging in the same behavior.
Then as was pointed out, some people performed the KYC to the best of their ability and were still denied access to their funds. I strongly believe Trade Satoshi recently turned to the darkside as they've racked up a huge number of complaints on social media as of late. They've always had their share of unhappy customers, but now they have way more than their share.
This is where there will be a division in opinion. Crypto is largely developed by those that believe in decentralization and anonymity. On the other hand it cannot be dismissed that by using a fake or erroneous name the contract made is either fraudulent or contains a serous error. (And therefore in breach of their terms and conditions or a crime). Because value is involved it could be argued that it is fraudulent activity to obtain a financial advantage and in breach of AML laws. It is a bit of a catch 22 situation. You signed up with Poloniex using a fake name because you didn't necessarily trust them but used their services contrary to their terms and conditions. Thus proving that they can't trust you because you deliberately lied. I don't intend to attack you personally or hold it against you but am just using it as an example. Legally it could be argued that a user using a fake name is fraudulently using the platform contrary to their terms and conditions. It is good that Poloniex recognized it as an issue and was sensible with the solution they offered. However - others may go down a different path and report it to the authorities in the jurisdiction that they are in. Allowing a user to change their name on the platform potentially could cause liability for the platform if it is done by a hacker that then drains the funds of a user. Phishing was less of an issue years ago. Currently phishing and compromised user accounts are a huge threat. The reality is that this situation would not have occurred if the user had not lied about their personal details. It is the user that committed the legal wrong . |
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The issue you're talking about is: User agreed to pass the KYC-check, but the personal information, provided by him earlier was innacurate, so he can't complete it. This is only one aspect of this story.
But this is not the case, i'm talking about.
From one side, the exchange can ask for a mandatory KYC-check (normally with a notification in advance, which was not done by Traidsatoshi).
From the other side, user can deny to pass it. In that case he won't be able to trade anymore - this is ok. But, all the funds he had before KYC were deposited or traded by him under the Level 1 verification from Tradesatoshi, so they are all legal. So all this funds must be returned to the owner. By now Tradesatoshi is denying users to withdraw their funds, which is totally unacceptable!
Ultimately if you have used their platform - you agreed to the terms. By registering with a false or incorrect name or details you committed a fraudulent act or made a serious error when entering a contract. Usually people don't need to "change their name details" unless they gave false details. It is something you will need to sort out through their support ticket system. Ultimately though it comes down to a user error. (Deliberate or not) The only way to check whether someone gave false details is to ask them to verify their identity which appears what they have done and appears consistent with their terms. People will have opposing views on this but registering (entering into a contract) with a false name (alias) is a crime in some jurisdictions. |
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4. Some failed to complete it, because they had different data in their profile and their IDs. (they also couldn't change their data in profile - fields are read-only).   It appears that the majority of the issues stem from people using either fake, altered or erroneous identities when registering. This is in breach of their terms and conditions which specifically state (these are their old terms and conditions from when people signed up).  https://web.archive.org/web/20170714045125/http://www.tradesatoshi.com/Home/Terms (2016-2017 terms) Use of the Platform As a condition of your use of the Platform, you represent and warrant to, and covenant with TradeSatoshi that: (a) you have reached the age of majority in your jurisdiction of residence; (b) you possess the legal authority to create a binding legal obligation; (c) you shall use the Platform in accordance with these Terms of Use and all applicable laws; and (d) all information supplied by you on the Platform is true, accurate, current and complete. While is sympathize with people in this predicament it is a common thing people tend to do when they try to use a website using a false identity. (Give partially inaccurate or completely inaccurate identity). I would recommend spending some $ and finding out the registered address of the exchange and sending a letter explaining the situation and providing written proof of identity. (Or if there are a lot of funds - change you name by deed poll if you gave a fake one) It is possible that they checked the identity on a database and found no match. A lot of exchanges are forced by law to start KYC. Even some of the decentralized exchanges are on the radar of law enforcement. https://www.eff.org/deeplinks/2019/02/secs-action-against-decentralized-exchange-raises-constitutional-questionshttps://bravenewcoin.com/insights/sec-enforcement-threat-driving-kyc-aml-implementation-at-decentralizedI haven't personally used Tradesatoshi for more than a year so I can't comment on whether much has changed. |
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thanks! I saw today that my account was hacked, and found this topic whit my username (goemon888).. Thank you for finding my addresses, now I can recover the account; can I use the doge address to sign the message? thanks Good to see you have made progress recovering your hacked account. https://bitcointalk.org/index.php?topic=5118712.msg50248188#msg50248188 |
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Hi! I recovered the account. Thank you all!
Can you remove negative trusts?
Thanks!
Just send a pm from that account with a link to here. You could also include a separate signed message with your personal message to prove you have full control of the account. |
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It isn't "proof" that he is the actual scammer. It could be someone impersonating him. Tell him to "get f@cked" and see if your rating is affected. If your rating is affected then you know it is probably the real him & then complain to ICO bench. They have removed "experts" before when faced with public humiliation when they turn out to be frauds or corrupt. Scammers are great at making threats and not following through with them. ICO Bench is a scammy website anyway. Looks like the payment address has never been used: https://www.blockchain.com/btc/address/1DywC5QBwzRRBJ8D1HqZdthotwYkL5ex8I am pretty sure it's him. This is his Facebook profile link that sent the message: https://www.facebook.com/igor.karavaev.9803And as you can see from the screenshots, his first message was in January which was not responded to. I got onboard as SMM last week and started responding to all messages including his. Then, he replied with the ransom demand today. If it's someone impersonating him, that means they've been sitting on this impersonating account for close to 3 months doing nothing? I doubt it. An impersonator would have reached out to other ICOs and most likely would have been outted. I'm pretty sure it is an impersonator. It is an identical copy of another identical facebook profile: https://www.facebook.com/iggikvIn fact neither profile gives me much confidence at all. Neither profile show much history of this persons existence . The the profile that wrote to you only cam into existance on 30 January this year while this profile https://www.facebook.com/igor.karavaev.9803 dates back to 2016.    |
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Why you choose to use that, anyway? I mean we have tons of good sites but you still chose that. Honestly, I didn't even dare to use that site since my friend warned me and even my token got listed there, I just wait for another site than to deal with it.
Btw, what happened on the other mail that you use? Do they respond?
You're right, there are many quality exchanges. But there was coin, which had chosen this exchange as first for listing, so i was trading with this coin there. Seems, they even unblocked my main e-mail, so i was able to send a support request, but got just a standard answer: 11.03.2019, 03:41, "Tradesatoshi" < neverbin16@tradesatoshi.com>: > Dear user, > > Did you already send the required documents for KYC?if it is , our verification team will verify those documents you provided and contact you through your account registered email address. > > Kind regards, > Mod Chicky Looks like, i will loose all the amount of the coin i was trading with. Bad experience for me, but good chance not to repeat it for us all. And from their email, it looks like they consider themselves a financial institution now?
Yeah, seems so) One guy pointed me at this: https://beta.companieshouse.gov.uk/company/09878766I'm not sure whether it means something, so i'll just leave it here.  Tradesatoshi Ltd is incorporated in Hong Kong according to its terms:  https://tradesatoshi.com/Home/TermsIt is currently a registered company in Hong Kong according to the register.  https://www.icris.cr.gov.hk/csci/I'm not sure where it was incorporated prior to this. It is likely that it moved its operation to Hong Kong prior to its de-registration in the UK. |
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I have sent 4 emails to Pornx advisor Marcello Milteer but I don't think he will answered me at all:
"Hello,
****** again, early investor of PORNX, etc. As I have informed you in a previous email I'm preparing a lawsuit because you used your influence to convince investors to throw money at this scam ICO. Anyway, I need more information about you. As I can see in your Linkedin Profile you live in Austin, is this true? I'm asking because as my lawyer informed me every state in America has a statute setting time limits for when you can file certain types of cases. Marcello Milteer is your legal name? Of course once I file my lawsuit, I will give you legal notice as you are the defendant. If you dont't answer I will have to share my story with the media.
Thank you"
Has anybody managed to contact him? He is the only verified person of the whole scam.
You can actually start a lawsuit against a "John Doe" if the name appears to be fake and use alternative service to serve them. This means you can potentially get judgement and then find out their identity and enforce it against them. |
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It isn't "proof" that he is the actual scammer. It could be someone impersonating him. Tell him to "get f@cked" and see if your rating is affected. If your rating is affected then you know it is probably the real him & then complain to ICO bench. They have removed "experts" before when faced with public humiliation when they turn out to be frauds or corrupt. Scammers are great at making threats and not following through with them. ICO Bench is a scammy website anyway. Looks like the payment address has never been used: https://www.blockchain.com/btc/address/1DywC5QBwzRRBJ8D1HqZdthotwYkL5ex8ICO bench has been caught with their pants down numerous times like VERIFYING FAKE PEOPLE from SCAM ICOs
Pornx scam. Website domain suspended. Twitter suspended. Fake team. |
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The lost funds are replaced with the CLM token as a loss marker. The exact method of how this will work they haven't announced yet.
They replace them to all the users? Because i don't see any CLM tokens in my balance... They are only issued to those that have an affected coin. They also still haven't completed the audit and transfer to new wallets addresses for all the coins. |
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Everyone suffers the a haircut on their balance
Based on discord
BTC = 14% Haircut
LTC = 43% Haircut
ETH = 100% Haircut
And based on this figure they lost more than ETH and ETH tokens.
Trading resumed in some market but still NO WITHDRAWAL
My mistake guys, unfortunately you are both right...  So we get a haircut instead of compensation? Nice strategy, will keep a lot of us there when they start working normaly... The lost funds are replaced with the CLM token as a loss marker. The exact method of how this will work they haven't announced yet. |
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I have a madnessteat origional. 😀
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Why show pre hack balance unless planning on all accounts sharing in loss of stolen coins also doesn't make sense that eth would be missing from Balances since there pre hack balances
What is showing is exchange ledger balances. It does not reflect what is held in the exchange wallet. Centralized exchanges don't hold individual user funds for each user. When you deposit to your individual address the amount is "swept" and moved to an exchange hot wallet or cold wallet. The individual balance is shown is what their database shows you have deposited according to their records. Any trades occur on their database (not on the blockchain) It does not show what they have in their exchange wallet. |
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at exactly the same time on different days?
