Seyblock, Litrabit and Hitbitex : same owner, same scam

[justover06]

Hello everyone,


In this post, I'll expose 3 scams created by the same person (Shezhad), hoping that you will avoid them and thus won't lose any crypto in investing in these projects.


First of all, Litrabit.
I was approached by the CEO, Shezhad, asking me to handle the project management. After a few days, I realized that the project was completely empty, that there was no company behind it and that the products introduced where only lies.
For example, they were talking about a litrabit credit card but they literally had no idea how to make a credit card nor how to link it to a crypto wallet.
They also claimed they wanted to distribute litrabit's profit to investors but they then admitted it was just a way to collect more money during the ICO.
I decided to leave the project in a heartbeat and exactly what I suspected happened :
They collected more than 100k in the ICO and Shezhad ran away with the money.

He then offered his help on various project like TTT and Cewnote, claiming he was innocent in Litrabit, but there again, he made fake promises and stole some money from the projects.


Now, Seyblock.
First of all, there is no official team behind the project, nor any company. When you pm the telegram admins, they all claim to be the CEO of Seyblock but the truth is there is only one man behind the fake accounts : Shezhad.

Seyblock is XLM based because it's the only way he can get a free listing.
Now in order to get some cash out of an empty project, they try to sell a bounty "spend your money on buying sey tokens on the exchange and get a small seyblock tip".
This is just a fallacy to sell all the team tokens and leave the project to move to Hitbitex.

Let me quote the empty seyblock whitepaper :

"We are not doing probably an ICO. We are going directly on exchanges with the time we will
develop our new services and new platforms which is given below in a roadmap.
Team: 6% tokens.
Development: 17% Tokens
Airdrops and bounty: 33% Tokens
Token Sale on Exchange: 44% Token"

They are literally saying they won't do an ICO and then say the ICO token sale is happening on the exchange, which means that all the sell orders are team tokens trying to be sold for cash before leaving the project empty.
Moreover, when a team uses only 17% of the resources to actually work on the project, you can imagine that nothing will ever be delivered.

I confronted the so called seyblock team and they quickly removed shezhad's official account from the admins, but you can still go back in time in the chat and see he is here.
Moreover, I then confronted the scammer seyblock CEO himself and he offered 800 000 seyblock to keep it low. Of course I have screenshots of the conversation if anyone is interested.

You can check all this by yourself, simply ask the team to show their faces on skype, to show any kind of development or mvp or simply a company registration.. of course you won't have any answer and will be kicked from the telegram group.


And finally, Hitbitex.
The project is not yet released but the token is created and so is the website.
There again, you can easily recognize the same scams seen on Litrabit : a fake credit card, a fake profit share and a lot of fake promises.
No real company created, a fake CEO and the same scammer Shezhad behind the project.
They have offered me shares in this fraud along with the seyblock tokens not to report all those frauds to the Pakistani Police.
I declined and I am here now to expose all this.


If you have lost money or time on any of those 3 projects, feel free to answer here or contact me on telegram @NicoSpun to gather more proofs.

A police action is currently on preparation and will be officially sent in a few days.

Don't fall for fake projects and easy airdrops, especially if they are asking for payments after.


Have a good day.

[keseoma]

Thanks for your infomation,

But I think you should post it here: https://bitcointalk.org/index.php?board=198.0

BTW:  That's the truth of most of ICO here! 

[justover06]

Thank you, I also posted there.
I believe investors check more this section this is why I tried to target the biggest possible audience.

Sadly you are right, a lot of ICO simply try to make fast cash.
I wish there was a simple way to report them.

[kimtaek]

Thank you for the information and I hope that some of the Bounty or Airdrop here will be profitable not a scammer.

[justover06]

Hello everyone,


As expected the price is decreasing a lot because the team is dumping all their tokens to make money on the community.
Moreover, they are deleting all the messages and links to this thread in their telegram and are now accusing me of lying because I have a recently new account. I’m old to this community and anyone can pm me to get my LinkedIn, telegram or any other way to prove my identity.

However, the seyblock team of scammers is hiding and has never showed a single proof they are real, they have no product at all, an empty whitepaper and they now claim they are in contact with investors.
The truth is way different, who would invest in a project with no products and a fake roadmap?

Once again, if someone wants more proof of this scam, they can contact me and i’ll Gladly share the conversations with the seyblock admins offering me 800 000 sey tokens not to post in here.

If they don’t stop their fraud, I’ll simply post all the pictures here.


This community deserves better than these seyblock scammers..

[justover06]

Hello everyone,


Thanks to several seyblock community members who pm me with information, I'll keep this post updated.
The seyblock team claims they will list on eterbase exchange but after a quick PM to several members of eterbase's team, it appears to be a lie once again.
See the proof here :
https://ibb.co/bRX2v38


I'll keep you updated on this seyblock fraud.

Ps: Thanks to the people sharing these information with me and the screenshots

[RasenShuriken]

Interesting that you are really interested to expose those scams, however, can you just move this thread to scam acussation pls?? In this section, you'll get less attention.

[justover06]

Interesting that you are really interested to expose those scams, however, can you just move this thread to scam acussation pls?? In this section, you'll get less attention.

I would love to but I have no idea how to do so.
Anyway at least people checking the Ann topics will come across this thread.

[justover06]

Hello everyone,


More news about this fraud. I wish I would have better news than this but I only have more proof this is a huge scam.

Apparently Seyblock's team keeps saying that they will list on eterbase but their admin definitely confirmed it's a lie:
https://ibb.co/StymMfC

Moreover, as said in the main post above, the whole project is own by the scammer and stealer Shezhad.
Here is the final proof of him bragging about it :
https://ibb.co/bmKwzbK


Stay away from this project and this fake team if you don't want to lose your money

[kimtaek]

Hello everyone,


More news about this fraud. I wish I would have better news than this but I only have more proof this is a huge scam.

Apparently Seyblock's team keeps saying that they will list on eterbase but their admin definitely confirmed it's a lie:
https://ibb.co/StymMfC

Moreover, as said in the main post above, the whole project is own by the scammer and stealer Shezhad.
Here is the final proof of him bragging about it :
https://ibb.co/bmKwzbK


Stay away from this project and this fake team if you don't want to lose your money

Thanks for the information....

[Bandit111]

If there is refuting evidence that these companies are scammers and there is one person behind them,you should pay attention to the public, and that he was brought to justice. It is a pity that most of these scams do not live in Russia,I would personally punish them

[justover06]

If there is refuting evidence that these companies are scammers and there is one person behind them,you should pay attention to the public, and that he was brought to justice. It is a pity that most of these scams do not live in Russia,I would personally punish them

He is from Pakistan, if someone is in the country he can enforce our complaint to the police.
Sadly most of these scammers are hiding in countries where there is no crypto regulation / laws at all.
But we can still make sure non of these scams work