The litecoin.win scam

Hello Everyone,

Our story starts out with an investment opportunity that one would find very difficult to turn down. With the goal to be the litecoin equivalent of bustabit.com with an original source code, a developer who has the talents to make it happen and enough investment money to have a strong start. All of the math, experience, and talent pointed to a website that we were almost 100% certain we would succeed. 72 Investors and I embarked on a journey to be co-owners of litecoin.win, we started with a tiered investment that would set our percentage of ownership of the website. We would get daily payouts of the house winnings for that day. The bustabit V1.0 sourcecode is a crash gambling platform that uses the blockchain to determine a crash point between 0.00x and 99999999.99x multipliers, the code provides a set house edge at 1% and is a fairly credible gambling method that has higher chances of winning than most casinos. We thought we had everything perfect. To the right is a list of the larger shareholders of the site.

Fluxxy is the founder of litecoin.win and the developer of bustabitbust.com was our leader going forward, responsible for all development, hot and cold wallets, security, etc...We launched January of 2018. Having hundreds of players on day one and what seemed to be a great start. We started a discord channel to talk about the site and to develop changes. We had a google sheets page designated to active and proposed changes to the website. Fluxxy was in collaboration with us to make the site better, functional, and the best crash site around. We had asked Fluxxy for more information in the beginning about who he was, in the crypto community, anonymity is respected and usually not questioned as that is part of the nature of the currency. We had his reputation as a developer and the mathematical logic to determine that it was not in his best interest to run away with everyone’s money.

Over the next few months, we ran into multiple issues, we had players supposedly exploiting parts of the site including our Faucet, which gave players small amounts of free crypto to gamble on our site. A transfer glitch that would double players balances. DDOS attacks from multiple users that would sometimes take our site offline for weeks. Fluxxy told us he paid a ransom to these attackers, one them went by the name of “Whatyousayingbro.” A referral program that seemed to do anything but help us. And much more. As well as Ransom’s supposedly paid by Fluxxy. We constantly questioned Fluxxy demanding clarity and transparency, I personally sent Fluxxy many emails, this message was sent on March 1st, 2018.

Our bankroll started at 550 LTC, over these initial weeks we saw our BR slowly dwindling, down to a low of around 258 LTC. We knew a large portion of the money was unaccounted for and Fluxxy played it off that he was stressed and was simply making mistakes. This frustration caused us to become irritated and to begin thinking something was up, Fluxxy seemed to never be around and stopped responding to emails entirely from anyone. Some other co-owners and I decided we were going to try and find the real identity of Fluxxy. We found multiple fake names, addresses, locations, and more in our search but through a history of old website on whois.com information we found his real identity. At this time, we had no idea that Fluxxy was currently scamming us.

Several weeks later, we offered to purchase the litecoin.win site from Fluxxy, this included everything from the source code to the cold wallet. For a price of 73 LTC we would have Fluxxy’s shares and control of our site. Our goal was to turn it around and make it work how it should have in the first place. Fluxxy sent us the source code and we got to work putting the server together. After a few days of struggling to set up the site, we had succeeded. Everything was ready to go. The last step was for Fluxxy to send us the Cold wallet with the bankroll balance and the user account balances. The site ownership was going to be mutual among investors with myself (Maltroxic), Ciro, and Gclzero at the helm. As well as several other individuals who were involved in making this transfer happen. We shared our real Id’s and went from there. Fluxxy seemed hesitant to send us the cold wallet, from our perspective it seemed like he was scared to send the balance to any of us. Even with the fact that he was aware we had shared our real identities. He agreed to send the current bankroll balance to us, but he sent the entire 258 LTC to p150. (below is the blockchain) P150 was then to work with us to establish the site. However, p150 was supposed to contact me as soon as he acquired this balance.

24 hours after not receiving any information from p150, we became very skeptic. Several months ago, when dealing with the supposed DDOS attacks, Fluxxy gave a copy of IP logs to Ciro. Ciro found a fascinating discovery. He figured out that Fluxxy, had been playing as multiple users, accounts, and was also the user p150. The IP address registered to Fluxxy was the same that was registered to p150, and many many other accounts. Several of which we discovered had been deleted in the database that had been transferred to us. He had not only lied to us about his account status. But had been manipulating the crash points of litecoin.win for his own gain. Fluxxy was registered on the following accounts as well. Each Million is 1 LTC.

If fluxxy refuses return the stolen LTC we are going to the Dutch Financial investigation services (his residence country) with every piece of information we have on Fluxxy, if found guilty Fluxxy could face up to 4 years in prison and fines. Fluxxy used to tell us that whales (the term we use for high betting players) are good for advertisement. Imagine how we felt to learn that it was him all along...

Not only had our Bankroll been dwindling from our supposed bugs and glitches, but Fluxxy’s own manipulation of the site. He has currently stolen an estimated 550 LTC from investors, and an unknown amount from players. At the time of writing the total user account balance is around 85 LTC. We have demanded for him to return all of the stolen money including what he has directly stolen from us in potential site profit, player balances, and his fake winnings. Through a series of small mistakes made by Fluxxy, we have managed to gain an edge for us to fight back for what is ours. We invite you to join our discussion on our public discord server “https://discord.gg/md4Q3p” for more information. We are terribly sorry to anyone involved in this scandal and hope to relaunch litecoin.win in the future with a trustworthy team that is fully transparent in our operation and to do our best to give back anything that Fluxxy has taken from us. If you have any advice or perspectives you would like to share with us please join the server or comment!

Regards,
The litecoin.win Team

Note: Screenshots of proof are all on the discord.