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Author Topic: DeOS (by Razormind) is most likely a scam! EDIT: Ongoing investigation!!!  (Read 44479 times)
spartak_t
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July 25, 2016, 07:24:28 AM
Merited by cryptodevil (50), suchmoon (3), nutildah (2)
 #1

Seems like the RazorCoin guy/s are back with a new project called DeOS. They have some history of scams and so far nothing proves that they won't scam people again. I have openly invited Mr. Jawad Yaqub (he is most likely the Razormind's owner) to a discussion, but he wanted me to send him e-mail instead. Below I'll quote the info I have so far:

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


This is what they answered to my tweet:



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


Link to the original thread (I tried to create discussion and that is why I posted it in the Altcoin Discussion section): https://bitcointalk.org/index.php?topic=1562962.0

Cheers,
Spartak Tomanov

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July 25, 2016, 09:12:52 AM
Merited by suchmoon (2)
 #2

I wonder how Cointelegraph let these bullshit articles to be on their website. (Author: Niall Maye)
Because Cointelegraph has a long and troubling history of posting positive articles about projects and services which are easily seen to be highly suspect at the time and ultimately go on to defraud people out of a lot of money. Rinse and repeat while reaping plenty of paid advertising for multiple fraudulent 'services' such as cloud mining ponzi scams.

As I understand, you can register a company in UK over the internet, providing owners, shareholders and company data + 12 pounds fee.
UK company incorporations are a seemingly popular way nowadays for criminals to try and put up a facade of legitimacy for their operation. With an entirely online registration possible by end-users at such a low cost, it is fast becoming the de-facto standard for every flavour of cryptocurrency scam.

Registered office for a company claiming to have "over 260 staff and offices in London, Manchester, Belfast and Vancouver.":


A small semi-detached house in a residential estate?


Sure, seems legit!


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spartak_t
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July 25, 2016, 09:26:25 AM
 #3

...

Thank you for your observation, cryptodevil!

Haha! You want to see the backyard of the house? Grin Here it is: https://www.periscope.tv/w/1MYxNzNeVRRxw

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July 25, 2016, 09:40:49 AM
 #4

What.The.Actual.Fuck?

LOL. Yeah, definitely legit, #shutupandtakemymoney.

So what's worse here in your opinion, the obvious scam ICO or Cointelegraph's tacit promotion for it in the face of easily-checked and recognised warning signs?





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July 25, 2016, 09:47:52 AM
 #5

What.The.Actual.Fuck?

LOL. Yeah, definitely legit, #shutupandtakemymoney.

So what's worse here in your opinion, the obvious scam ICO or Cointelegraph's tacit promotion for it in the face of easily-checked and recognised warning signs?

That's actually the guy (Jawad). How "professional", eh?

P.S. I will tweet to Cointelegraph, but I don't blame them. They just write articles and it's their business, though I do agree that scams should not be promoted. It's like blaming the exchanges that particular coin is a scam.

Tweet: https://twitter.com/FAILCommunity/status/757512318020423680


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July 25, 2016, 10:05:47 AM
 #6

P.S. I will tweet to Cointelegraph, but I don't blame them. They just write articles and it's their business, though I do agree that scams should not be promoted. It's like blaming the exchanges that particular coin is a scam.

Actually it isn't the same. An exchange can argue that it isn't responsible for what a coin project ultimately does, but a news website has responsibilities to unbiased and factual journalism. A cursory glance at the facts related to 'Razormind' and this 'crowdfunding' raises sufficient concerns that would warrant not posting the article in the first place.

It isn't like CT have to post an anti-Razormind or anti-DeOS piece, either, they simply should not have posted anything at all about this obviously shady project.

But to not only fail in that regards but to actually fucking make statements prior to the promoted ICO implying that it is a serious contender to MS and IBM et al. smacks of highly suspect motivation to do so.



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July 25, 2016, 10:30:23 AM
 #7

P.S. I will tweet to Cointelegraph, but I don't blame them. They just write articles and it's their business, though I do agree that scams should not be promoted. It's like blaming the exchanges that particular coin is a scam.

Actually it isn't the same. An exchange can argue that it isn't responsible for what a coin project ultimately does, but a news website has responsibilities to unbiased and factual journalism. A cursory glance at the facts related to 'Razormind' and this 'crowdfunding' raises sufficient concerns that would warrant not posting the article in the first place.

It isn't like CT have to post an anti-Razormind or anti-DeOS piece, either, they simply should not have posted anything at all about this obviously shady project.

But to not only fail in that regards but to actually fucking make statements prior to the promoted ICO implying that it is a serious contender to MS and IBM et al. smacks of highly suspect motivation to do so.

Well, I have to agree with you. I made this statement, because I don't have anything against Cointelegraph, but they indeed failed with these 2 articles (they wrote two articles about Razormind).

P.S. Don't know you, but already like you. Good thinking! That is how people should discuss things and work for the prosperity of cryptocurrencies.

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July 25, 2016, 10:42:36 AM
 #8

Look at this: https://twitter.com/razormind/status/757517038093033472

I am speechless...

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July 25, 2016, 11:23:59 AM
 #9


Well they did originally claim to distance themselves from Bryce Weiner's (It uses TOR!!1!1!1!!) shitcoin 'RZR' Razorcoin in July of 2014:

So their tweet of today is understandable.

But here's the thing, they seem to have forgotten about their 'Razorcoin' twitter account, which hasn't posted since 2014 but was clearly still the same people as Razormind:



So RZR was razorco.in and Razorcoin.com was originally just a cookie-cutter clone factory:

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But seeing as both @Razorcoin and @Razormind were tweeting positive things about RZR's (razorco.in) price in May, it kinda makes their tweet from @Razormind two months later, claiming to be nothing to do with RZR, somewhat suspect.


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July 25, 2016, 12:10:56 PM
 #10

Looks like Razorcoin started as something as a service and it is probably not related with the altcoin, BUT:

1. Exactly in May 2014 I bought 7 x 60MH ASICs and RazorCoin was one of the coins, which I mined. I was able to mine like $1000-$1300 worth of coins/day. I was one of the people, which were screwed the most by Weiner and company, but that's not important. More important is that I followed their thread and I've never seen (at least I don't remember) some of the "other" Razor guys to say that Weiner & company stole "something" (whether it is a coin or name).

2. I invited the guy to an open discussion, but he insisted to contact him via e-mail.

Something else:





Do you know why you can't see his tweets in FailCommunity's profile? Because he blocked the account!

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July 25, 2016, 06:07:23 PM
 #11

You make some good points, but what kind of scammer makes it easy for us to find out where he lives?
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July 26, 2016, 08:07:36 AM
 #12

You make some good points, but what kind of scammer makes it easy for us to find out where he lives?

The kind that works on the 'wetriedbutfailed' principal. Unless you can prove intent to defraud, any failure in delivering the promised platform after the 'crowdsale' can simply be attributed to external factors, ergo, no scam.


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July 26, 2016, 12:15:56 PM
 #13

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, 03:00:02 PM
 #14

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

I see that Jawad answered the question. Did you say or do anything that can be used to justify you being blocked?
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July 26, 2016, 03:01:14 PM
 #15

You make some good points, but what kind of scammer makes it easy for us to find out where he lives?

The kind that works on the 'wetriedbutfailed' principal. Unless you can prove intent to defraud, any failure in delivering the promised platform after the 'crowdsale' can simply be attributed to external factors, ergo, no scam.



Fair enough. They release a demo on Aug 1st. Let's see if they deliver.
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July 26, 2016, 11:01:40 PM
 #16

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

I see that Jawad answered the question. Did you say or do anything that can be used to justify you being blocked?

nope. I guess he just didnt want follow up questions. and I have a few more. this is very problematic. People will get burnt.
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July 26, 2016, 11:03:40 PM
 #17

Take a look at these screenshots. now gone

https://bitcointalk.org/index.php?topic=1562962.msg15686614#msg15686614
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July 27, 2016, 09:59:34 AM
 #18

Ok well there's certainly plenty of highly suspect elements to this whole setup, but let's lead with a simple one that @razormind should answer:

This page is no longer on their razormind.co.uk but thankfully the internet rarely forgets:
http://webcache.googleusercontent.com/search?q=cache:z0imTDZk_2IJ:www.razormind.co.uk/chubb-insurance-group/+&cd=2&hl=en&ct=clnk&gl=us&client=firefox-b-ab
Quote
This is Google's cache of http://www.razormind.co.uk/chubb-insurance-group/. It is a snapshot of the page as it appeared on Jul 6, 2016 15:26:43 GMT.

Quote

Razormind Customer Analytics - sounds impressive, right?

Let's scroll down a little, to get a broader picture of what the Chubb Group of Insurance Companies thinks about 'Razormind'.

Quote

They are simply stealing customer testimonials from other companies and editing the text.

Quote

Quote


Fraud. Plain and simple.


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July 27, 2016, 02:11:12 PM
 #19

Ok well there's certainly plenty of highly suspect elements to this whole setup, but let's lead with a simple one that @razormind should answer:

He's answered it, to my satisfaction anyway. The PR firm they hired effed up, those client pages are removed on their site and being revamped.
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July 27, 2016, 02:47:22 PM
 #20

He's answered it, to my satisfaction anyway. The PR firm they hired effed up, those client pages are removed on their site and being revamped.

'PR firm they hired effed up'? Really? You're just going to go with that and accept it?

They posted multiple pages of fraudulent testimony from customers they never had, people who were in fact speaking about the multi-national global corporation, 'SAS'.

All this while they are wanting to raise as much money as possible from their 'crowdsale' and you think a "somebody else made a boo boo but we are totally legit, honest!!!!!!1!!" excuse suffices?

You are either extremely naive or a shill.




WARNING!!! Check your forum URLs carefully and avoid links to phishing sites like 'thebitcointalk' 'bitcointalk.to' and 'BitcointaLLk'
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