Bitcoin Forum
July 24, 2019, 09:54:53 AM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: [1] 2 3 4 »  All
  Print  
Author Topic: █ Spectrocoin.com imitated a transfer of 64 BTC. Then removed 24+ BTC more  (Read 10250 times)
btctradings
Newbie
*
Offline Offline

Activity: 11
Merit: 0


View Profile
August 15, 2016, 06:18:34 PM
 #1

I am a private trader and I started using spectrocoin.com as a tool for receiving bitcoins via API. My clients were transferring bitcoins to me, which were then accumulated at Spectrocoin e-wallet.

One day it was time to take this money and send bitcoins to broker’s website to initiate trading procedure. I received destination BTC address and I sent requested amount using Spectrocoin’s transfer form. After that I resumed using Spectrocoin for receiving bitcoins via API.
2 days later I discovered that broker did not receive these funds at all and his e-wallet balance is still zero. Destination BTC wallet is still empty, anyone can check it here: https://blockchain.info/address/1NgLZiV4fYAbiTjGXSrH8G1WDTyPkXuLtA

I rushed to Spectrocoin website, logged into my account and checked transactions history. It was stated there that transfer of 64 BTC was completed and I even got charged for that a fee.
My account video: http://www.dailymotion.com/video/x4osl7a
fake 64 BTC transfer + fee:
http://image.prntscr.com/image/653b0d9602f34a8faf6349f77c4fcd4f.png
64 BTC status "processed" but recipient wallet is empty:
http://image.prntscr.com/image/507d75bb681e496fb3f3162de16f6505.png

In other words, Spectrocoin faked a transfer to BTC address of my broker, did not inform me of that and kept getting funds in normal mode.
My account balance was funded with 24 BTC more before I discovered this fake transaction. Of course, I decided to withdraw this money, but once I tried it, withdraw page got locked and I got a message that claimed that I need to get my account verified.
Since Spectrocoin still has my 88 BTC, which is a large amount, and this situation really started get fishy, I decided to capture video of my account with this fake transaction, just in case, you know. And my intuition did not deceive me: 2 hours later I tried to log into my account, and I failed to do this. All I got was this message: “User account is locked. Please contact administration.”

I tried contacting Spectrocoin operators via live chat and Skype. Once I start a conversation, their operators ask my username and when I tell them, they do not reply back. My access to ticket support service was blocked and my emails were left unanswered.
Email: http://image.prntscr.com/image/87fae1bf1c9d463b8747468013d24faf.png
Skype: http://image.prntscr.com/image/c5f972a91c024db9803d5786968ed0be.png
Online chat: http://image.prntscr.com/image/40c0bcb9b8fb42bf9dea0448cd1b61b8.png
Ticket service: http://image.prntscr.com/image/f21afc4149f549d79742584d9931b119.png

I suppose it means that Spectrocoin.com unabashedly fakes money transfers and steals funds of their customers.

I called by the phone to Spectrocoin office few times. After fourth call, my account was unblocked. I rushed into my account and started capturing video. My balance was zero, 24 BTC that were remaining since my last visit have gone, literally disappeared.
http://image.prntscr.com/image/ac3a507bb3cf4f899674202cbd07a39b.png
I barely managed to log into my account and capture a new video, and then account was blocked again.

 I continued calling to Spectrocoin office, operators even started to recognize me, they ask me to contact their Support center via email, since they cannot help me.
After that my phone number is added to blacklist, as they do not respond to my repeated calls from that number and I have to use another phone number which later gets into blacklist too and the situation repeats time after time.

Spectrocoin Co-Founder VYTAUTAS KARALEVIČIUS  visits Bitcointalk.org forum every day, but avoids contacting me and does nothing to return me my money.
https://bitcointalk.org/index.php?topic=577176.msg15860288#msg15860288

My money are in possession of Spectrocoin for more than 1.5 month. In the meantime, BTC exchange rate significantly dropped down. I was supposed to sell bitcoins, now buy them again and earn ~$10000. I assume Spectrocoin administration did the same.

I am ready to provide to Bitcointalk.org moderators or any authorized officials all the evidence I have to confirm the information stated above, including video captured before account was blocked, all records of my phone calls made to Spectrocoin office, screenshots and other data.

I am calling out a Spectrocoin representative for a public discussion so he could explain this undue behavior. I demand paying me back my 90+ BTC and 15 BTC more as a recompense of the profits lost through the fault of irresponsible actions of Spectrocoin administration.


Spectrocoin main topic: https://bitcointalk.org/index.php?topic=577176.100
Spectrocoin debit cards topic: https://bitcointalk.org/index.php?topic=1037139.0
1563962093
Hero Member
*
Offline Offline

Posts: 1563962093

View Profile Personal Message (Offline)

Ignore
1563962093
Reply with quote  #2

1563962093
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1563962093
Hero Member
*
Offline Offline

Posts: 1563962093

View Profile Personal Message (Offline)

Ignore
1563962093
Reply with quote  #2

1563962093
Report to moderator
1563962093
Hero Member
*
Offline Offline

Posts: 1563962093

View Profile Personal Message (Offline)

Ignore
1563962093
Reply with quote  #2

1563962093
Report to moderator
1563962093
Hero Member
*
Offline Offline

Posts: 1563962093

View Profile Personal Message (Offline)

Ignore
1563962093
Reply with quote  #2

1563962093
Report to moderator
suchmoon
Legendary
*
Offline Offline

Activity: 2016
Merit: 3722


Pedal-powered plaguebot


View Profile
August 15, 2016, 08:09:20 PM
 #2

I am a private trader and I started using spectrocoin.com as a tool for receiving bitcoins via API. My clients were transferring bitcoins to me, which were then accumulated at Spectrocoin e-wallet.

One day it was time to take this money and send bitcoins to broker’s website to initiate trading procedure. I received destination BTC address and I sent requested amount using Spectrocoin’s transfer form. After that I resumed using Spectrocoin for receiving bitcoins via API.
2 days later I discovered that broker did not receive these funds at all and his e-wallet balance is still zero. Destination BTC wallet is still empty, anyone can check it here: https://blockchain.info/address/1NgLZiV4fYAbiTjGXSrH8G1WDTyPkXuLtA

I rushed to Spectrocoin website, logged into my account and checked transactions history. It was stated there that transfer of 64 BTC was completed and I even got charged for that a fee.
My account video: http://www.dailymotion.com/video/x4osl7a
fake 64 BTC transfer + fee:

64 BTC status "processed" but recipient wallet is empty:


In other words, Spectrocoin faked a transfer to BTC address of my broker, did not inform me of that and kept getting funds in normal mode.
My account balance was funded with 24 BTC more before I discovered this fake transaction. Of course, I decided to withdraw this money, but once I tried it, withdraw page got locked and I got a message that claimed that I need to get my account verified.
Since Spectrocoin still has my 88 BTC, which is a large amount, and this situation really started get fishy, I decided to capture video of my account with this fake transaction, just in case, you know. And my intuition did not deceive me: 2 hours later I tried to log into my account, and I failed to do this. All I got was this message: “User account is locked. Please contact administration.”

I tried contacting Spectrocoin operators via live chat and Skype. Once I start a conversation, their operators ask my username and when I tell them, they do not reply back. My access to ticket support service was blocked and my emails were left unanswered.
Email:
Skype:
Online chat:
Ticket service:

I suppose it means that Spectrocoin.com unabashedly fakes money transfers and steals funds of their customers.

I called by the phone to Spectrocoin office few times. After fourth call, my account was unblocked. I rushed into my account and started capturing video. My balance was zero, 24 BTC that were remaining since my last visit have gone, literally disappeared.

I barely managed to log into my account and capture a new video, and then account was blocked again.

 I continued calling to Spectrocoin office, operators even started to recognize me, they ask me to contact their Support center via email, since they cannot help me.
After that my phone number is added to blacklist, as they do not respond to my repeated calls from that number and I have to use another phone number which later gets into blacklist too and the situation repeats time after time.

Spectrocoin Co-Founder VYTAUTAS KARALEVIČIUS  visits Bitcointalk.org forum every day, but avoids contacting me and does nothing to return me my money.
https://bitcointalk.org/index.php?topic=577176.msg15860288#msg15860288

My money are in possession of Spectrocoin for more than 1.5 month. In the meantime, BTC exchange rate significantly dropped down. I was supposed to sell bitcoins, now buy them again and earn ~$10000. I assume Spectrocoin administration did the same.

I am ready to provide to Bitcointalk.org moderators or any authorized officials all the evidence I have to confirm the information stated above, including video captured before account was blocked, all records of my phone calls made to Spectrocoin office, screenshots and other data.

I am calling out a Spectrocoin representative for a public discussion so he could explain this undue behavior. I demand paying me back my 90+ BTC and 15 BTC more as a recompense of the profits lost through the fault of irresponsible actions of Spectrocoin administration.


Spectrocoin main topic: https://bitcointalk.org/index.php?topic=577176.100
Spectrocoin debit cards topic: https://bitcointalk.org/index.php?topic=1037139.0


Did Spectrocoin provide a TX ID for the 64 BTC transfer? Do they ever provide any TX IDs for outgoing transfers?

How exactly did the remaining 24 BTC disappear - did they remove deposit TXs, or did they just adjust the balance? (making the balance out of sync with the TX history)

Never heard of Spectrocoin before so not sure what to think of this.

VytautasK
Hero Member
*****
Offline Offline

Activity: 558
Merit: 500



View Profile WWW
August 15, 2016, 08:34:52 PM
 #3

Account has been locked by compliance department due to fraud investigation and breach of Terms and Conditions. Client has also provided fake IDs. More information can be provided to moderators.

30+ currencies, bank wires, credit cards supported
Cryptocurrency Exchange
Prepaid Card
Blockchain Wallet
Payment Processor
Amazon Vouchers
Mobile top-ups
24/7 Support
Available worldwide
suchmoon
Legendary
*
Offline Offline

Activity: 2016
Merit: 3722


Pedal-powered plaguebot


View Profile
August 15, 2016, 08:46:54 PM
 #4

Account has been locked by compliance department due to fraud investigation and breach of Terms and Conditions. Client has also provided fake IDs. More information can be provided to moderators.

How about those missing 64 BTC and 24 BTC? Locking the account is one thing but disappearing customer funds is quite different.

VytautasK
Hero Member
*****
Offline Offline

Activity: 558
Merit: 500



View Profile WWW
August 15, 2016, 09:16:16 PM
 #5

Account has been locked by compliance department due to fraud investigation and breach of Terms and Conditions. Client has also provided fake IDs. More information can be provided to moderators.

How about those missing 64 BTC and 24 BTC? Locking the account is one thing but disappearing customer funds is quite different.
I have not analyzed this particular account in deep, but I know that there is an investigation related to a fraudulent activity of this account and I cannot comment about this issue during the investigation. However, I will discuss this issue with our compliance department.

30+ currencies, bank wires, credit cards supported
Cryptocurrency Exchange
Prepaid Card
Blockchain Wallet
Payment Processor
Amazon Vouchers
Mobile top-ups
24/7 Support
Available worldwide
malcovixeffect
Sr. Member
****
Offline Offline

Activity: 714
Merit: 266



View Profile
August 16, 2016, 03:08:50 AM
 #6

So, what happens to the bitcoins? You keep them?
btctradings
Newbie
*
Offline Offline

Activity: 11
Merit: 0


View Profile
August 16, 2016, 02:35:44 PM
 #7

Did Spectrocoin provide a TX ID for the 64 BTC transfer? Do they ever provide any TX IDs for outgoing transfers?

How exactly did the remaining 24 BTC disappear - did they remove deposit TXs, or did they just adjust the balance? (making the balance out of sync with the TX history)
suchmoon, here you have a video that I managed to capture while my account was “accidentally” unblocked for a short time after spectrocoin redesign. During the period of blockage money was simply withdrawn (deducted) by spectrocoin staff:
http://www.dailymotion.com/video/x4oz85r

I am not sure whether Spectrocoin provides any TX ID, but history details clearly shows that transaction has been performed and I didn’t receive any message that “Spectrocoin couldn’t transfer funds”. Spectrocoin concealed that the transfer was imitated and resumed receiving money at my account. Which means that Spectrocoin administration expected to collect even more money of my clients, that’s why it kept accepting money in an unilateral manner.

I have not analyzed this particular account in deep, but I know that there is an investigation related to a fraudulent activity of this account and I cannot comment about this issue during the investigation. However, I will discuss this issue with our compliance department.
Since when does bitcoin trading have become an illegal activity? And how could you possibly know what I’m using this money for? I have a long history of trading at bitcoin exchange market, I earned about 200% net profit by playing on BTC exchange rate fluctuations in last 8 months. I can provide forum moderators with all the evidence I have that proves my trading history with BTC broker. My broker account history contains BTC wallet which was indicated as destination wallet for this transaction faked by Spectrocoin.

Mr. VytautasK, obviously it wasn’t enough for spectrocoin to get a transaction fee and you imitated a transfer of 64 BTC and kept this fact in secret, I think this is a clear example of Fraudulent Activity you were talking about:
- In addition to those 64 BTC misappropriated by Spectrocoin, you kept receiving money of my clients without any restricions, obviously in order to misappropriate even more somebody else’s money, this is called a Fraudulent Activity.
- You blocked access to my account so I couldn’t capture videos and was unable to make public evidence of your illegal actions, this is called a Fraudulent Activity.
- You left unanswered all my attempts to find out what was going on. I was ignored at Spectrcoin ticket support, live chat, Skype, email, phone support, this is called a Fraudulent Activity.
- You ignored my posts at bitcointalk.org forum, hoping that no one will learn about your theft, this is called a Fraudulent Activity.

And now you dare to find an excuse in form of your illusive Terms and Conditions, really? Does a misappropriation of your clients’ funds makes part of your Terms and Conditions? It is clearly obvious that you robbed your client and don’t you even try to make up more non-existent arguments.

How can you explain that 3 phone numbers that I used for calling you, were blacklisted?
How can you explain that my messages sent to your Support center were left unanswered? Or do you consider “Unfortunately we can not offer our service to you” as an adequate answer?
How can you explain that my access to Spectrocoin ticket center was blocked?
How can you explain that your live chat and Skype operators left conversations once they learned my username?
Is it normal for a business company to steal $60k USD and then ignore all attempts of its owner to contact you?

It is natural that such shady behavior causes suspicions and only witnesses to your Fraudulent Activity.
All these moments serve as an evidence of the fact that you tried to suppress this situation from getting into public spotlight in order to misappropriate the money. I repeat: it was an illegal action that you misappropriated 90 BTC which costed $60,000.00 USD at that moment. Can you imagine this? $60k USD!!!



So, what happens to the bitcoins? You keep them?
It is clear as a day, the only reason why Spectrocoin imitated this transfer and then blocked my account is easy money made misappropriation of the funds of their clients.
Just think about it: $60,000.00 USD is really a large amount, administrators just couldn’t resist the temptation and decided to misappropriate this money. This the only credible explanation of such inadequate actions. Any other excuses are just pathetic attempts to keep the money.


In the meantime, while we are discussing this situation Spectrcoin can or even does imitate another money transfers and keeps stealing funds of other clients. Until this criminal situation is resolved I ask bitcointalk.org moderators to move all Spectrcoin related discussion threads into “Suspcious companies” list.
suchmoon
Legendary
*
Offline Offline

Activity: 2016
Merit: 3722


Pedal-powered plaguebot


View Profile
August 16, 2016, 04:52:00 PM
 #8

- In addition to those 64 BTC misappropriated by Spectrocoin, you kept receiving money of my clients without any restricions, obviously in order to misappropriate even more somebody else’s money, this is called a Fraudulent Activity.

Are the deposits Bitcoin transactions? They can't stop a blockchain transaction.

In the meantime, while we are discussing this situation Spectrcoin can or even does imitate another money transfers and keeps stealing funds of other clients. Until this criminal situation is resolved I ask bitcointalk.org moderators to move all Spectrcoin related discussion threads into “Suspcious companies” list.

Moderators won't do anything, they don't get involved in trades unless it violates forum posting rules.

The best we can do is tag VytautasK with red trust and I think I'll do that unless he comes up with a really good detailed explanation of what's going on within the next 24 hours. I don't think he needs more time than that to talk to whoever he needs to talk to and sort this out, or at least provide an update.

btctradings
Newbie
*
Offline Offline

Activity: 11
Merit: 0


View Profile
August 16, 2016, 06:38:48 PM
 #9

Are the deposits Bitcoin transactions? They can't stop a blockchain transaction.
suchmoon, Spectrocoin was providing API and was generating BTC addresses for accepting transfers. If they really had no intentions to work with me and accept funds, then they could simply disable an opportunity for generating new BTC addresses. But Spectrocoin kept generating intermediary addresses for accepting transfers even after they faked this transfer of 64 BTC. That is they wanted to continue receiving money of my clients in order to misappropriate them too.
Obviously, if I did not make this case publicly known and if I did not pay attention to this fact, Spectrocoin would have resumed getting those transfers.

There is a brilliant example how similar situations are resolved by other companies. Once I was setting a Blockchain.info API for an online shop of my friend. One day Blockchain operators decided that this e-shop was infringing their Terms of Service. And what did they do?
1. They send a message to this e-shop support center and informed that Blockchain API was disabled and asked to contact their administration.
2. They stopped generating BTC addresses, which caused an impossibility to purchase goods using BTC.
3. They did not fake any transactions and did not block money stored at this account. My friend has withdrawn money from Blockchain e-wallet instantly and without any problems.


Moderators won't do anything, they don't get involved in trades unless it violates forum posting rules.

The best we can do is tag VytautasK with red trust and I think I'll do that unless he comes up with a really good detailed explanation of what's going on within the next 24 hours. I don't think he needs more time than that to talk to whoever he needs to talk to and sort this out, or at least provide an update.
I’m sorry, I am not quite familiar with forum policy. As far as I understand, there are some blacklist sections on this forum where Spectrcoin discussion threads can be moved if the money will not be returned.

To be honest, I am pretty surprised by the fact that Spectrocoin representative has responded in this thread. Well, it is the largest reply I ever got from Spectrocoin officials for the last 1.5 months. Taking into account that Spectrocoin support operators ignored any my attempts to contact them, the fact that VytautasK has joined this discussion does him a credit.

Thanks a lot suchmoon for telling me about red trust thing, I will examine this. 24 hours was enough to resolve this problem exactly when it arose. It’s a pity this situation has dragged on this long.
jonsi
Legendary
*
Offline Offline

Activity: 1319
Merit: 1004



View Profile
August 16, 2016, 09:29:15 PM
 #10

Account has been locked by compliance department due to fraud investigation and breach of Terms and Conditions. Client has also provided fake IDs. More information can be provided to moderators.

How about those missing 64 BTC and 24 BTC? Locking the account is one thing but disappearing customer funds is quite different.
I have not analyzed this particular account in deep, but I know that there is an investigation related to a fraudulent activity of this account and I cannot comment about this issue during the investigation. However, I will discuss this issue with our compliance department.


If there is fraudulent activity give him his money and terminate his account, don't steal it.

I'll leave neg rep also, if the situation doesn't resolve.
btctradings
Newbie
*
Offline Offline

Activity: 11
Merit: 0


View Profile
August 17, 2016, 12:43:53 PM
 #11

If there is fraudulent activity give him his money and terminate his account, don't steal it.
I'll leave neg rep also, if the situation doesn't resolve.

The longest reply I ever got from Spectrocoin to my email was on July 02: "Unfortunately we can not offer our service to you".
Email: http://image.prntscr.com/image/87fae1bf1c9d463b8747468013d24faf.png

It is clearly obvious that if Spectrocoin cannot provide me its services, they shouldn't worry at all because I will never ever use their service again. Moreover, I will recommend to everyone NOT to use Spectrocoin.

Of course, jonsi, If Spectrocoin cannot provide me its services, then they should return me the money to BTC address of my broker, which was indicated in Spectrocoin account as destination address. After that they can do whatever they want with my Spectrocoin account. An impossibility of offering services just cannot be an excuse for a grand theft of $60,000.00 from my account.
suchmoon
Legendary
*
Offline Offline

Activity: 2016
Merit: 3722


Pedal-powered plaguebot


View Profile
August 17, 2016, 02:45:53 PM
 #12

If there is fraudulent activity give him his money and terminate his account, don't steal it.
I'll leave neg rep also, if the situation doesn't resolve.

The longest reply I ever got from Spectrocoin to my email was on July 02: "Unfortunately we can not offer our service to you".
Email: http://image.prntscr.com/image/87fae1bf1c9d463b8747468013d24faf.png

It is clearly obvious that if Spectrocoin cannot provide me its services, they shouldn't worry at all because I will never ever use their service again. Moreover, I will recommend to everyone NOT to use Spectrocoin.

Of course, jonsi, If Spectrocoin cannot provide me its services, then they should return me the money to BTC address of my broker, which was indicated in Spectrocoin account as destination address. After that they can do whatever they want with my Spectrocoin account. An impossibility of offering services just cannot be an excuse for a grand theft of $60,000.00 from my account.


Do you have TX IDs for the 64 BTC or 24 BTC deposits or at least some part of it? i.e. the coins moving into your Spectrocoin account.

btctradings
Newbie
*
Offline Offline

Activity: 11
Merit: 0


View Profile
August 17, 2016, 08:37:36 PM
 #13

Do you have TX IDs for the 64 BTC or 24 BTC deposits or at least some part of it? i.e. the coins moving into your Spectrocoin account.
suchmoon, there were over 150 transfers made via Spectrocoin API into my account and I'm pretty sure I have TX IDs of almost all of them.

Here you have few examples of transfers over 1 BTC:

2         0743a454540282ae9708910330e513fca065d7af7d6a5ef6443421772cdfb322                  
14       cac9506731cf67a09e36eaa7a0357e9940941a314611095fc62bc6b0b6635cf5                  
1.8      1aa5a32d245c70a371e5cd4fb361b8e2329cbc00ef8fd2f12eeee309e98d9880                  
3.3107 9dea41d6a5c4f08a26e73494c9de9f5b00337e1046864000984300b44b6abff4                  
1        986724e6cc441c54df5e2456e4a3622740a370fd4d9d0877af0776aeecea1ac4                  
1.17    a975bdacd6bcc036ea902d5cd4fd799c694e86509bd5a96f3ddaddcc321b0685                  
2.25    7f9f306966607a455a6220d02f59b0411670959d02ac71e41445a87eec155656                  
1.14    619f1b3e8270d99f268e16d54716f917541268594f72fcaf4ae4eb0017b8c794                  
10       8edae47250eede5186bb015da639e72d108ea8ca19bc077c31c971e6fbadc47c                   
suchmoon
Legendary
*
Offline Offline

Activity: 2016
Merit: 3722


Pedal-powered plaguebot


View Profile
August 17, 2016, 09:14:49 PM
 #14

Do you have TX IDs for the 64 BTC or 24 BTC deposits or at least some part of it? i.e. the coins moving into your Spectrocoin account.
suchmoon, there were over 150 transfers made via Spectrocoin API into my account and I'm pretty sure I have TX IDs of almost all of them.

Here you have few examples of transfers over 1 BTC:

2         0743a454540282ae9708910330e513fca065d7af7d6a5ef6443421772cdfb322                  
14       cac9506731cf67a09e36eaa7a0357e9940941a314611095fc62bc6b0b6635cf5                  
1.8      1aa5a32d245c70a371e5cd4fb361b8e2329cbc00ef8fd2f12eeee309e98d9880                  
3.3107 9dea41d6a5c4f08a26e73494c9de9f5b00337e1046864000984300b44b6abff4                  
1        986724e6cc441c54df5e2456e4a3622740a370fd4d9d0877af0776aeecea1ac4                  
1.17    a975bdacd6bcc036ea902d5cd4fd799c694e86509bd5a96f3ddaddcc321b0685                  
2.25    7f9f306966607a455a6220d02f59b0411670959d02ac71e41445a87eec155656                  
1.14    619f1b3e8270d99f268e16d54716f917541268594f72fcaf4ae4eb0017b8c794                  
10       8edae47250eede5186bb015da639e72d108ea8ca19bc077c31c971e6fbadc47c                   


Ok, here is what I'm going to do. I posted neg trust for VytautasK. I can't claim that I see indisputable proof of a scam here but the evidence presented by btctradings AND the reaction (or lack of it for the most part) from Spectrocoin raises suspicions.

I had a brief discussion with VytautasK via PM and that left me unconvinced that he's acting in good faith in this debacle. For once, letting this drag on for more than a month and still claiming that this needs to be investigated is borderline ridiculous. He also seems to be flip flopping between "fraud", "technical issue", "fake ID" etc, none of which would justify showing a withdrawal that doesn't exist on the blockchain.

Anyway, I don't want to be in the middle of it, so if VytautasK wants to present some kind of proof for the alleged wrongdoing and explain why the actions they took are justifiable - I'm open to changing my opinion.

btctradings
Newbie
*
Offline Offline

Activity: 11
Merit: 0


View Profile
August 17, 2016, 11:32:05 PM
 #15

I just want to make clear one thing regarding ID.

 About 6 weeks ago Spectrocoin made a fake transfer of 64 BTC and then removed 24+ BTC from balance. Over the course of these ~6 weeks I tried to contact support center without any success, which I mentioned earlier.
 Few days ago Spectrocoin made a website re-design and after that “accidentally” unblocked my account for a few hours. When I tried to withdraw small rest of money from my balance, I got a message informing me that I should provide ID. I fully understood that it was another bureaucratic trick made only for wasting time and most probably it wouldn’t have helped me to return the money, but still I decided to give it a shot and submitted ID.

So, let’s make it clear:
1. Spectrocoin stole my money and blocked my account one month BEFORE I submitted documents. It means that documents cannot serve as a reason for account blockage since Spectrocoin received ID many days AFTER they’ve blocked my account and not before that.
2. Spectrocoin had no intentions to give the money back, they just made up another bureaucratic obstacle in order misappropriate the money.
3. As I expected, submitting the ID didn’t help at all, just the opposite, now VytautasK tries to deceive everyone by telling that ID was the reason for account blockage. It is impossible, considering the chronological order of all events.

And now the most important thing: when Spectrocoin was receiving my bitcoins, they didn’t ask ID. It looks like back then the transfers were purely legal in accordance with their so-called “Terms and Conditions” and Spectrocoin along with its so-called “Compliance Department” were ready to receive money without any limits endlessly!
And when the time has come to withdraw this money, Spectrocoin invented zillions of stupid excuses just to keep the money.

jonsi
Legendary
*
Offline Offline

Activity: 1319
Merit: 1004



View Profile
August 18, 2016, 10:23:47 AM
 #16

For the moment it seems that Spectrocoin had stolen from his client and have no intention of paying him back. I have left negative thrust rating and I will remove it after the situation is sorted out. Until then I advise every client of Spectrocoin that it is possible to end up in the same situation as the OP.
Bittalker
Newbie
*
Offline Offline

Activity: 10
Merit: 0


View Profile
August 22, 2016, 08:31:30 AM
Last edit: August 22, 2016, 08:48:39 AM by Bittalker
 #17

I agree with the assessment. Also gave negative feedback.

Spectrocoin answer was very damaging to their reputation. They didn't deny the facts or timing.

If they stole the money, the OP had reasons to present them a fake ID, since they were basically blackmailing him to give personal documents: give them or lose your money.

If the OP is responsible for any fraud, once he takes the issue to the community, Spectrocoin has a duty to present evidence to the community or face the consequences on their reputation.

I disagree that they can be accused of any privacy infringement for explaining the reasons. The OP waived privacy about any necessary details (not unnecessary ones, like his identity, fake or not) to explain the freezing by taking the issue public.

If Spectrocoin doesn't present better reasons on a few days, I'll post here steps that the OP can take to burn the rest of Spectrocoin reputation and Spectrocoin owner's reputation.

For start I suggest the OP to change the title to Spectrocoin SCAM/Review for SEO reasons. This is probably already on Google. Anyone searching for reputation on Spectrocoin will find it in a second.

If Spectrocoin presents any evidence/convincing grounds, I'll remove my negative feedback and this post.

Yes it's my first post but I'm not a recent member.
Crystal11
Hero Member
*****
Offline Offline

Activity: 531
Merit: 500



View Profile
September 27, 2016, 05:15:44 PM
 #18

after some reasearch i've found some complaints also here
https://forum.bitcoin.com/scam-accusations/spectrocoin-scam-of-100-bitcoin-t7310.html

https://www.reddit.com/r/Bitcoin/comments/2l54db/qiwi_romaniaspectrocoin_scam/

however to many complaints won't convince me to ignore them and use spectroin services/ ATMs, i work hard for my bitcoin and i wont allow a scammer to steal my work.
Will blacklist/warn about spectrocoin where or when is needed.
Thank you everyone for posting scam proofs , togheter we fight back to destroy scammers or at least their false bright image.
I have nothing to do with another competing exchanging company but to many conmplaints with proofs can't be ignored.

To the spectrocoin :
If someone has ignored a so called ToS , you should've warn him, give money back and let him go, then close account to 0 , not stealing his money. This is called SCAM. And i don't like scammers .

E-currency exchange rates rating ▐  Hire one or work as FREELANCER for Bitcoin▐ Get paid from posting in the Beermoneyforum ▐ Claim crypto coins to faucethub with Freebcc▐ ▐  Earn satoshi with bitcoin-ptc Bitter.io (bitcoin PTC)  (min 10k direct to wallet)▐ Thanks for your support by joining these links Smiley Signature updated often.
warningsigns
Hero Member
*****
Offline Offline

Activity: 896
Merit: 1082


View Profile
September 29, 2016, 12:56:02 AM
Last edit: September 29, 2016, 01:08:49 AM by warningsigns
 #19

Spectrocoin is a scam. Please do not subscribe to their services. Do not order their debit card.

Victims should collectively gather and warn others on their facebook page:

https://web.facebook.com/spectrocoin/

The people managing Spectrocoin are selective scammers. They will welcome limitless bitcoin deposits but do everything to prevent access to those deposited bitcoins. Again, they are scammers. Conmen. Fraudsters.

This is a Lithuanian-managed company. Most Lithuanians are known for being fraudsters. They and other eastern europeans are all over the news for ATM skimming and other fraud-related activities. They have been arrested here in Asia for manipulating ATMs, most recently:

https://www.finextra.com/newsarticle/29190/arrests-made-in-taiwan-atm-swindle/retail

For the sake of and safety of everyone else, please post on their facebook page to warn others of this fraud.


royalpalm
Member
**
Offline Offline

Activity: 88
Merit: 10


View Profile
September 29, 2016, 09:09:56 AM
 #20

Spectrocoin is a scam. Please do not subscribe to their services. Do not order their debit card.

Victims should collectively gather and warn others on their facebook page:

https://web.facebook.com/spectrocoin/

The people managing Spectrocoin are selective scammers. They will welcome limitless bitcoin deposits but do everything to prevent access to those deposited bitcoins. Again, they are scammers. Conmen. Fraudsters.

This is a Lithuanian-managed company. Most Lithuanians are known for being fraudsters. They and other eastern europeans are all over the news for ATM skimming and other fraud-related activities. They have been arrested here in Asia for manipulating ATMs, most recently:

https://www.finextra.com/newsarticle/29190/arrests-made-in-taiwan-atm-swindle/retail

For the sake of and safety of everyone else, please post on their facebook page to warn others of this fraud.



These fraudsters in the bitcoin community is cancer to us, we can't tolerate such a scam.
Pages: [1] 2 3 4 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!