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Author Topic: OpenMonero p2p exchange SCAM!?  (Read 336 times)
NotATether
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June 27, 2025, 12:42:18 PM
 #21

It was a hack, and it's very stable now,
One thing you should know is that, most of these p2p platforms go through some difficulties at first, Localmonero did, localbitcoins did and that's what made them stand strong before they shutdown after years.

OpenMonero has been running for 12 months only, so it doesn't make much sense to shut down a profitable platform and exit scam with barely $20k.

Regardless of whether or not the allegations that you rug pulled are true or not (your description is moderately convincing but that would obviously depend on who the hosting provider was), the fact that you lost basically the entire fund during the hack is bad for business.

Honestly, do you really think somebody would use a trading service if they knew that it was completely drained before, especially so recently?

Let's say it was another service, maybe KYCNAH or something. Would you trust such a site with your Monero?

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June 27, 2025, 01:30:06 PM
Merited by PowerGlove (1)
 #22

I'm inclined to believe this wasn't an exit scam after reading through the announcement OpenMonero made on Dread. It seems like they're not behind it, although the hack does raise serious questions about the service's future credibility.

One thing I would like to know from OpenMonero is how this is going -- its been a week since they posted this (on Dread):

Quote
We’ll refund all affected users once the platform has collected enough arbiter fees.

Accomplishing this goal will go a long way in restoring faith in the platform.

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June 27, 2025, 04:53:28 PM
 #23

I'm inclined to believe this wasn't an exit scam after reading through the announcement OpenMonero made on Dread. It seems like they're not behind it, although the hack does raise serious questions about the service's future credibility.

One thing I would like to know from OpenMonero is how this is going -- its been a week since they posted this (on Dread):

Quote
We’ll refund all affected users once the platform has collected enough arbiter fees.

Accomplishing this goal will go a long way in restoring faith in the platform.
The problem is that from the beginning, they started off on a bad note, plagiarizing content off localmonero a service that had just voluntarily shutdown. They were hoping to ride on the past glory of localmonero and profit out of it with deceit.

Even localmonero was against their move

And then afterward, they just deleted their ANN that had some constructive criticism. I don't think if it can be easy trusting anything that come out of those folks.

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dkbit98 (OP)
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June 27, 2025, 07:09:11 PM
 #24

The hacking event is visible in the 'Latest News' section on the official page (see footer)
Removing this warning so quickly in the first place is very shady.

After giving it some thought, I really think the hosting provider might have stolen the funds. It felt like a sneaky trap offering affordable cloud servers with impressive performance, only to potentially facilitate malicious activity.
There is no chance some hosting provider steeling Monero.
I never heard a single case of hosting providers stealing coins from exchanges claiming to have ''great security''.

It was a hack, and it's very stable now
So it was a hack,
and Hoisting provider hacked you...  Roll Eyes

It’s pretty funny how this user suddenly shows up here and starts spreading fake comments about our service  Smiley and calling simpleX a honeypot messaging app says a lot about his shady service ethics  Smiley Smiley
It's easy for him to say anything without showing any proof...hosting providers hacks him, and now this dumb statement Roll Eyes

I'm inclined to believe this wasn't an exit scam after reading through the announcement OpenMonero made on Dread. It seems like they're not behind it, although the hack does raise serious questions about the service's future credibility.
So you believe his story that hosting provider hacked him?  Cheesy

Accomplishing this goal will go a long way in restoring faith in the platform.
There was never any faith in this platform, and Monero community knows that.
And let's not forget he started this project with blatant plagiarism.



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June 27, 2025, 10:07:44 PM
 #25

The hacking event is visible in the 'Latest News' section on the official page (see footer)
Removing this warning so quickly in the first place is very shady.

After giving it some thought, I really think the hosting provider might have stolen the funds. It felt like a sneaky trap offering affordable cloud servers with impressive performance, only to potentially facilitate malicious activity.
There is no chance some hosting provider steeling Monero.
I never heard a single case of hosting providers stealing coins from exchanges claiming to have ''great security''.

It was a hack, and it's very stable now
So it was a hack,
and Hoisting provider hacked you...  Roll Eyes

It’s pretty funny how this user suddenly shows up here and starts spreading fake comments about our service  Smiley and calling simpleX a honeypot messaging app says a lot about his shady service ethics  Smiley Smiley
It's easy for him to say anything without showing any proof...hosting providers hacks him, and now this dumb statement Roll Eyes

I'm inclined to believe this wasn't an exit scam after reading through the announcement OpenMonero made on Dread. It seems like they're not behind it, although the hack does raise serious questions about the service's future credibility.
So you believe his story that hosting provider hacked him?  Cheesy

Accomplishing this goal will go a long way in restoring faith in the platform.
There was never any faith in this platform, and Monero community knows that.
And let's not forget he started this project with blatant plagiarism.





There’s a lot of drama around this hack Smiley Honestly, I’ve never heard of a hosting company stealing coins either, it just doesn’t add up. The quick removal of the warning is definitely suspicious, and it’s clear the community doesn’t fully trust the platform, especially given its rocky history.

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June 28, 2025, 02:03:20 AM
 #26

I'm inclined to believe this wasn't an exit scam after reading through the announcement OpenMonero made on Dread. It seems like they're not behind it, although the hack does raise serious questions about the service's future credibility.
So you believe his story that hosting provider hacked him?  Cheesy

No, I do not. That's not at all what I said, now is it? Why would you even say something like that. I'm not sure what happened but it doesn't look like an exit scam.

Accomplishing this goal will go a long way in restoring faith in the platform.
There was never any faith in this platform, and Monero community knows that.

Obviously they had customers.

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