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Author Topic: [WARNING] Protocol Finance Plagiarized Whitepaper  (Read 265 times)
$crypto$ (OP)
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December 20, 2020, 05:43:42 PM
Merited by stompix (1), Raflesia (1), qwertyup23 (1), TalkStar (1)
 #1

What happened: Protocol Finance Plagiarized Whitepaper

Website: https://www.protocolfinance.com/
Archived: https://archive.is/KoDPg
ANN: N/A

Note: I found the DeFi project by copying all of its contents and I think it's a scamer-prone so please watch out guys.

Code:
https://hotbit.zendesk.com/hc/en-us/articles/1500000534962-Hotbit-will-launch-PFI-protocol-Finance-soon

2 hours ago Hotbit announced that it would launch PFI (Protocol Finance). Is this not conducting an inspection of a new project even though this project was only created 5 days ago?
Is Hotbit paid more expensive so no verification process is required?

I see the entire Website and Whitepapers are copied from the YFIONE project, you can check it yourself, really there is nothing unique at all in the project I found this.

Quote
5 days old

Domain name: protocolfinance.com
Registry Domain ID: 2578962708_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.namecheap.com
Registrar URL: http://www.namecheap.com
Updated Date: 0001-01-01T00:00:00.00Z
Creation Date: 2020-12-16T02:10:44.00Z
Registrar Registration Expiration Date: 2021-12-16T02:10:44.00Z
Registrar: NAMECHEAP INC
Registrar IANA ID: 1068



Whitepaper Protocol Finance: https://www.protocolfinance.com/PFI%20Whitepaper.pdf
Whitepaper YFIONE: https://yfione.finance/whitepaper.pdf









All Whitepapers were copied from the YFIONE project

R


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December 20, 2020, 06:16:15 PM
 #2


Code:
https://hotbit.zendesk.com/hc/en-us/articles/1500000534962-Hotbit-will-launch-PFI-protocol-Finance-soon

2 hours ago Hotbit announced that it would launch PFI (Protocol Finance). Is this not conducting an inspection of a new project even though this project was only created 5 days ago?
Is Hotbit paid more expensive so no verification process is required?
By giving opportunities to this kinda project obviously hotbit authority is making mistakes from their end. I don’t know how actually they have completed this projects review before making listing announcement but they should be selective otherwise traders will left their platform for sure. If they are listing a project without proper investigation then definitely they are not careful about their traders investment safety.

You can notify them about this projects whitepaper issue and i hope they will find out their mistake. I have already sent this link to their listing team.


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December 20, 2020, 06:31:08 PM
 #3

Projects that can't make their own whitepapers, steal other people's content and make whitepapers. It is a matter of wondering how those projects are listed on the exchange. Hotbit doesn't seem to do any verification before listing any project or it puts customers in danger by listing such projects for the sake of money.

There have been various reports in the name of Hotbit, so their activities are like this. Hotbit should verify the project well before listing it in the future.

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December 20, 2020, 08:41:38 PM
 #4

If these popular exchanges didn't do a verification process before listing it is very irresponsible and how can we trust them? Cry
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December 21, 2020, 08:26:06 AM
 #5

This shows how badly trained the employees of exchanges that come up recently have been and how loosely they have listed projects tokens on their exchange without doing some basic checks.

I hope some people who are using Hotbit might get linked to this thread and understand that the PFI project might be a scam and therefore not deal in any tokens.

Is it possible to send this thread link to the official Hotbit support team so the issue might get escalated there?

R


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December 21, 2020, 08:42:09 AM
 #6

Reported to Cryptoscamalert:
https://cryptoscamalert.com/crypto_scam_report/1029
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December 21, 2020, 11:35:35 AM
 #7

I saw on his official Hotbit telegram channel has some employees on board and I have already reported this thread to one of the team but they responded well and said they will pass on this matter to other relevant colleagues let's wait for the best results hope they get rid of the launch PFI tokens on Hotbit so that this does not cause any casualties that will occur later.

Obviously this PFI token can be said to be fraudulent because there is nothing unique in the product so I urge all Hotbit users not to focus on this token, it can be said that it is very vulnerable to a scam later.

R


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December 21, 2020, 02:30:10 PM
 #8

I want to laugh at this kind of project. Is the creator of the Protocol Finance project a lazy person? seeing all the websites almost the same as Yfione is not unique at all until the road map is the same it's just that they add Hotbit as the first listing, oh it's a shame that Hotbit is getting polluted if its users see this kind of thing.

True what is being said here has Hotbit not done any more stringent checks? so this junk project can get into their announcement this really lowers the reputation of the exchange.

This $crypto$ is a good catch.

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December 21, 2020, 04:18:22 PM
 #9

If these popular exchanges didn't do a verification process before listing it is very irresponsible and how can we trust them? Cry
This shows how badly trained the employees of exchanges that come up recently have been and how loosely they have listed projects tokens on their exchange without doing some basic checks.

To answer both of you, they don't care!
Even if they do a superficial verification and find something fishy about this, only one thing will change, the price the team has to pay for the coin or token to get listed. Hotbit for example has 1608 pairs according to coingecko from the 800th place they fall under 1000$ volume a day, what kind of coins do you think those were, pump and dump schemes that paid their place made a few $ the exchange made a few $ in fees and the investors are looking at a useless stash.

And the most infuriating thing is that if they do take some action they will pose like the ones actually caring and praising themselves how they protect their customers and how attentive they are to what the community has to say.

$ is everything that matters, if it weren't like that after so many scams things would have changed but nothing did.

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qwertyup23
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December 21, 2020, 04:35:08 PM
 #10

This is just a lazy attempt on the person who created this project. Copying 100% and causing it to appear that he owned all of such content is just appalling and laughable at best.

I saw on his official Hotbit telegram channel has some employees on board and I have already reported this thread to one of the team but they responded well and said they will pass on this matter to other relevant colleagues let's wait for the best results hope they get rid of the launch PFI tokens on Hotbit so that this does not cause any casualties that will occur later.

Obviously this PFI token can be said to be fraudulent because there is nothing unique in the product so I urge all Hotbit users not to focus on this token, it can be said that it is very vulnerable to a scam later.

I do hope that they actually do something about this but I also doubt that they will change it IMO. It is sad to see that people are opting to plagiarize and copy any work just to at least attempt to scam/steal a newbie in investing to their fake project.

Good find OP and I also urge everyone to do the same!

R


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December 21, 2020, 06:19:53 PM
 #11

here we go again, another plagiarism whitepaper.  The project team is completely out of ideas for the whitepaper of their project so all they can do is copy the concept of another project.  buying coins/tokens from their project is very risky, even though they are listed soon on Hotbit but the potential will be "shitcoin / token" in the future is very huge..

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December 25, 2020, 04:54:43 PM
 #12

here we go again, another plagiarism whitepaper.  The project team is completely out of ideas for the whitepaper of their project so all they can do is copy the concept of another project.  buying coins/tokens from their project is very risky, even though they are listed soon on Hotbit but the potential will be "shitcoin / token" in the future is very huge..
In fact, I'm sure this will be shitcoin and even bullshit in the future, what do they boast of their own products while they all copy from other projects?
Maybe for them they have run out of ideas so they take from several sources to include them in their products so that they are visible, even though the researchers here are very fast to detect which whitepapers are plagiarism.

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December 25, 2020, 05:37:24 PM
 #13

Cointiger also announced that the PFI token will soon be listed on the Cointiger exchange?
You can see it on the official Cointiger twitter page.

Cointiger also announced that the PFI token will soon be listed on the Cointiger exchange?
You can see it on the official Cointiger twitter page.

#PFI/ETH will be Available on #CoinTiger soon
@protocolfinance


Why is this so that 2 exchanges have already announced it while their whitepapers are copying everything from another project is there really no stricter check?

I even think it could be shitcoin in the future.

So is the whitepaper just a decoration as a complement?

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March 10, 2021, 04:47:44 PM
 #14

I was very socked and just found out now and this PFI token is more expensive. What do you imagine the current price is $102, do those who don't know about my catch and invest in this token?

But now this token has been listed on 5 exchanges.

So it is true that this kind of project can pass the verification of other exchanges.


https://coinmarketcap.com/currencies/protocol-finance/markets/

I'm not really sure what this token will be like in the future.

R


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