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Author Topic: RAZORMIND is most likely a SCAM  (Read 1790 times)
spartak_t (OP)
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July 23, 2016, 07:55:16 PM
 #1

Hello, guys. There is already a thread (https://bitcointalk.org/index.php?topic=1531029.0), which you can find some of the information posted below, but I just wanted to bring more awareness. That is why I have decided to launch a new thread.
Razormind guys are clearly behind the already failed RazorCoin (https://bitcointalk.org/index.php?topic=644498.0), which screwed a lot of people (me included, but that's not the reason for posting this thread), and this is enough for me not to believe in any of their future projects (or whatever):

Proof for being involved with RazorCoin: https://cointelegraph.com/news/uk-based-razormind-emerges-as-blockchain-rival-to-ethereum-microsoft-ibm-and-eris

Quote
“Your readers may remember we built the first digital currency factory - Razorcoin - and started selling custom digital currencies, with their related clients, seed nodes, enterprise APIs etc. to businesses directly. I’m glad to say we built the first version of IrishCoin which was featured in the Wall St Journal. Our motivations were clear - we wanted to make blockchain accessible and safe to use for everyone.”

So far they gathered 2157 BTC from their crowdsale (source: http://www.razormind.co.uk/crowdsale), which (at least in my views), is a big amount of money. Can Jawad Yaqub (https://uk.linkedin.com/in/razormind, https://www.facebook.com/jawad.yaqub) shows up and proves that Razormind is not a scam? I think that we have 2157 reasons for it.

Tweet to Razormind from the FailCommunity: https://twitter.com/FAILCommunity/status/756941309466869760

Some reference and good observations from the previous thread:

DO NOT TOUCH THIS ONE! If these people are really behind Razorcoin, then there is no reason to believe in them.

P.S. Here is what I've said them last year.

EDIT: I posted warning on Twitter: https://twitter.com/FAILCommunity/status/753863577946230784


Found out info about Razormind and DeOS ico in 2 Cointelegraph articles.

After 30mins due diligence I'm 100% sure this is scam.
I wonder how Cointelegraph let these bullshit articles to be on their website. (Author: Niall Maye)
https://cointelegraph.com/news/razormind-targets-ethereum-by-crowdfunding-deos-blockchain-on-july-15
https://cointelegraph.com/news/uk-based-razormind-emerges-as-blockchain-rival-to-ethereum-microsoft-ibm-and-eris

1.
Company Razormind has been registered twice.
1st time on 22.04.2014, dissolved on 01.12.2015 via compulsory strike-off:
https://beta.companieshouse.gov.uk/company/09005214

2nd time (current): 19 feb 2016 (5 months ago)
https://beta.companieshouse.gov.uk/company/NI636534

2 shareholders\owners.
Statement of capital on 2016-02-19, GBP=1 - https://[Suspicious link removed]/kBsD0D
Serious capital, enterprise solutions, yeah.

As I understand, you can register a company in UK over the internet, providing owners, shareholders and company data + 12 pounds fee.


2.
Website razormind.co.uk looks very cool, but almost all of the content is copied form other sources.


3.
The owner of the company has not been seen in public by anyone.
No photos or public profiles of the team etc also. Even though the article in Cointelegraph states that Razormind has 260 employees


4. Twitter account @Razormind also looks cool and has over 15000 tweets.
Most of them are tweets copied from other sources.
And if you manage to scroll down to the first tweet, you can see that account has been created on 29/03/2016

BTW, @Razormind blacklisted me right after my tweet about DeOS scam Smiley


5. No escrow for ICO funds.
You need to send an email to deos@razormind.co.uk to invest to the ICO. After that you receive an email with "uniquely generated BTC Address" to invest. Oooook.
Also, you can have bonuses as a wise early fintech adopter! Quote from the answer email:
"Some perks for funders:
       *  2 BTC an email thank you written personally by CEO Jawad Yaqub
       *  5 BTC the above plus a tweet from @razormind to say thank you.
       * 10 BTC Dinner with Razormind
   * 75 BTC DeOS Foundation Membership"

Hell yeah! Dinner, beeatch!

Cheers,
Spartak Tomanov

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spartak_t (OP)
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July 23, 2016, 09:28:51 PM
 #2

This is what they answered to my tweet:



Link: https://twitter.com/FAILCommunity/status/756941309466869760

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July 23, 2016, 11:36:59 PM
 #3

Have they commented on this yet, because I don't understand what is happening at all with this project.

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July 23, 2016, 11:39:38 PM
 #4

Have they commented on this yet, because I don't understand what is happening at all with this project.

Didn't you read the screenshot from the Tweet? They told me to send them an e-mail if I have some questions. Cheesy

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July 23, 2016, 11:40:56 PM
 #5

Have they commented on this yet, because I don't understand what is happening at all with this project.

Didn't you read the screenshot from the Tweet? They told me to send them an e-mail if I have some questions. Cheesy

I am refusing to even engage with this project i makes 0 sense - everything they have done so far has been strange. You should post a link to the previous thread where we were discussing it.

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July 24, 2016, 08:26:43 AM
 #6

Have they commented on this yet, because I don't understand what is happening at all with this project.

Didn't you read the screenshot from the Tweet? They told me to send them an e-mail if I have some questions. Cheesy
You should post a link to the previous thread where we were discussing it.

There is a link. Please next time read more carefully if you are interested in some topic.

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July 25, 2016, 07:03:50 AM
Last edit: July 25, 2016, 07:28:18 AM by spartak_t
 #7

More concerns raised about the Razor guy/s: https://bitcointalk.org/index.php?topic=583706.0

EDIT: I have opened a thread in the Scam accusations section: https://bitcointalk.org/index.php?topic=1564499.0

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July 26, 2016, 12:17:04 PM
 #8

I just asked some innocent questions over slack about the 260 employees and about former clients and was immediately blocked from that Slack group.
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July 26, 2016, 03:23:41 PM
 #9

I just asked some innocent questions over slack about the 260 employees and about former clients and was immediately blocked from that Slack group.

This is a first sign that they are hiding something,you won't blocked people asking for clarification if you cannot be transparent,it can only mean you are running a shady business.I hope investors are aware of this thing now..


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July 29, 2016, 01:38:06 PM
 #10

haha someone got butthurt over DeOS  Grin
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July 29, 2016, 01:49:20 PM
 #11

Good catch Spartak, good catch.

Private ICO process = something ain't right. Censorship of legitimate questions in public = radioactive.

Again, why did they call this razormind? Who makes the names for these things?

Also, it's really hard to hide 260 employees. They didn't think that one through I see  Grin
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August 04, 2016, 08:19:10 AM
 #12

Several people did some researches on Razormind and found some interesting things. Here is the link to the thread in Scam Accusations section:

https://bitcointalk.org/index.php?topic=1564499.0

Consider yourself warned.

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August 04, 2016, 08:37:47 AM
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Several people did some researches on Razormind and found some interesting things. Here is the link to the thread in Scam Accusations section:

https://bitcointalk.org/index.php?topic=1564499.0

Consider yourself warned.

thanks for the heads up! whats was the name of the big mouth short guy with the big mustache backing RZR   ?? im lazy to search my twitter right now! he is on my black list also..!
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August 04, 2016, 08:42:49 AM
 #14

thanks for the heads up! whats was the name of the big mouth short guy with the big mustache backing RZR   ?? im lazy to search my twitter right now! he is on my black list also..!

Bryce Weiner

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August 04, 2016, 08:48:15 AM
 #15

fuck yes its a scam. I would love to beat the shit out of all the scammers in cryptoland
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August 12, 2016, 01:29:23 PM
 #16

Just saw this article on Fintechist, I've seen the journalist before, he's pretty active. Done a search on Bitcointalk and found this thread.

Here's the article: http://fintechist.com/ethereum-competitor-deos-offers-blockchain-solutions-everyone/

Sounds like they are hyping themselves up vs Ethereum? Do they have a chance?

Also looks like their token sale is still ongoing... Over 5000 BTC!
But there's no public address I could verify. Odd.

Good thing I found this thread and the one in scam accusations!
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August 12, 2016, 01:57:44 PM
 #17

Just saw this article on Fintechist, I've seen the journalist before, he's pretty active. Done a search on Bitcointalk and found this thread.

Here's the article: http://fintechist.com/ethereum-competitor-deos-offers-blockchain-solutions-everyone/

Sounds like they are hyping themselves up vs Ethereum? Do they have a chance?

Also looks like their token sale is still ongoing... Over 5000 BTC!
But there's no public address I could verify. Odd.

Good thing I found this thread and the one in scam accusations!


There's no public address to verify because the amount is faked! It's 100% scam and it will hurt many people.

I was going to do something today but I haven't finished doing nothing from yesterday...
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August 12, 2016, 02:36:56 PM
 #18

Just saw this article on Fintechist, I've seen the journalist before, he's pretty active. Done a search on Bitcointalk and found this thread.

Here's the article: http://fintechist.com/ethereum-competitor-deos-offers-blockchain-solutions-everyone/

Sounds like they are hyping themselves up vs Ethereum? Do they have a chance?

Also looks like their token sale is still ongoing... Over 5000 BTC!
But there's no public address I could verify. Odd.

Good thing I found this thread and the one in scam accusations!


There's no public address to verify because the amount is faked! It's 100% scam and it will hurt many people.

I don't think so. They may scam a few people, but most of them are doing some researches before investing in ICO's so they will most likely see the threads I've created.

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September 27, 2016, 03:30:10 PM
 #19

big shame on me, I was scammed,

i didn't do due diligence and "invested" early before accessing this very useful information

I just want to mention that i filed a report to the police here

http://www.actionfraud.police.uk/

and all those who were scammed or were almost scammed can post here as well.

The more of us post, the more the police will look at it.
Even if they can't frame him, with lack of evidence (or lack of crime if he covered his ass correctly) at least he would be put on watch hopefully, and won't be able to do it again.

Lets be crazy, he could even panic, and return the funds...
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September 27, 2016, 04:13:00 PM
 #20

@GrossBit

Sorry to hear that. More detailed thread could be found in the Scam accusations section: https://bitcointalk.org/index.php?topic=1564499.0

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