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Author Topic: TeraWatt SCAM Accusations  (Read 205 times)
CryptoJoop (OP)
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November 08, 2018, 02:23:51 AM
 #1

The writer of this article claims to be a former 'Advisor' of TeraWatt.

https://medium.com/@ken.utulu/the-terawatt-scam-29a6e8b33096

When I visited the website, one thing pops out and that is the bar with 10MM+ dollar being raised. I always get a little suspicious when seeing amounts like this. Especially combined with a crappy WordPress website in the bear market.

Then check their Twitter: https://mobile.twitter.com/terawatt_led

No self-respecting company will follow more people than they have followers. (no proof, but fishy)

Anyway the 'Advisor' who remains anonymous is pretty clear. They did not raise a penny, only engaged in some token swaps.

Have been checking all the team members on LinkedIn and most of them do have a mention of TeraWatt. Tried to get in contact with the Lead developer to see if any programming has been done on the platform.

Will update as soon as he get back to me.

●●⚫  CRYPTONITY  ▐|  The Crypto Community Exchange ▐|
Public Sale 1 Starts: Nov 1, 2018 ▐|● https://tokensale.cryptonity.io
TerawattLED
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November 09, 2018, 12:43:35 AM
 #2

The writer of this article claims to be a former 'Advisor' of TeraWatt.

https://medium.com/@ken.utulu/the-terawatt-scam-29a6e8b33096

When I visited the website, one thing pops out and that is the bar with 10MM+ dollar being raised. I always get a little suspicious when seeing amounts like this. Especially combined with a crappy WordPress website in the bear market.

Then check their Twitter: https://mobile.twitter.com/terawatt_led

No self-respecting company will follow more people than they have followers. (no proof, but fishy)

Anyway the 'Advisor' who remains anonymous is pretty clear. They did not raise a penny, only engaged in some token swaps.

Have been checking all the team members on LinkedIn and most of them do have a mention of TeraWatt. Tried to get in contact with the Lead developer to see if any programming has been done on the platform.

Will update as soon as he get back to me.

Let me clarify, this medium post was baseless FUD spread by a former advisor of ours who we terminated for non performance. He has been sent a cease and desist order, and expect this post to be removed very soon. I can assure you that all of our partnerships, team, and funds raised are legitimate and you can google search "terawatt ico" to find very high reviews on most sites. Don't believe everything you hear. Thank you
CryptoJoop (OP)
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November 09, 2018, 02:23:24 AM
 #3

Thank you for replying!  Do you mind sharing the ETH address / smart contract so we can all see that you indeed raised the funds that are claimed on the website and prove the 'underperforming advisor' wrong once and for all?

I indeed don't believe everything I hear. So googling some ICO ratings won't get us anywhere.

As soon as funds are confirmed I will remove this post and thread.


●●⚫  CRYPTONITY  ▐|  The Crypto Community Exchange ▐|
Public Sale 1 Starts: Nov 1, 2018 ▐|● https://tokensale.cryptonity.io
CryptoJoop (OP)
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November 14, 2018, 11:34:44 AM
 #4

You were very fast with your first reaction, but if I ask for a simple ETH address / Smart Contract to show that you have raised the funds you claim you take a week?

●●⚫  CRYPTONITY  ▐|  The Crypto Community Exchange ▐|
Public Sale 1 Starts: Nov 1, 2018 ▐|● https://tokensale.cryptonity.io
CryptoJoop (OP)
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November 16, 2018, 02:04:28 AM
 #5

Let me clarify, this medium post was baseless FUD spread by a former advisor of ours who we terminated for non performance. He has been sent a cease and desist order, and expect this post to be removed very soon. I can assure you that all of our partnerships, team, and funds raised are legitimate and you can google search "terawatt ico" to find very high reviews on most sites. Don't believe everything you hear. Thank you

You wanted this removed very soon, yet unwilling to show the smart contract / ETH address where you have 10M dollars 'collected' funds. I'll start posting links to this topic in the ANN and bounty if you don't reply before the weekend.

●●⚫  CRYPTONITY  ▐|  The Crypto Community Exchange ▐|
Public Sale 1 Starts: Nov 1, 2018 ▐|● https://tokensale.cryptonity.io
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