Dear clients, XTO deposits/withdrawals will not be available since developer has refused to cooperate. This coin will be delisted in future. We suppose that blockchain of XTO is not working properly or it was broken/edited, or fraud activity have taken place. Please find our investigation report below.
We have a lot of fraudulent XTO transactions in our node with -1 confirmations. For example:
"txid" : "10bc9cd6e6079050406fd7886a9c25e441f4dc713d039310cabf34843edde6e3",
"amount" : 1000.00000000,
"confirmations" : -1
All of them have had positive amount of confirmations and later reversed to -1.
This was a first issue we encountered with this coin and decide to close deposits/withdrawals.
Then we found that blockchains in our XTO node and official explorer are different. This is the only one example. Hashes of the same block in our node and in explorer are different. Find proof below.
bitcoin@taocoin:~$ ./taod getblockhash 10717
98d0178c0fe4a5c9a0c6175889f6c9d8424c0cfe8ebb705345228e2f0f964c32
https://www.blockexperts.com/tao/height/10717TAO BLOCK #10717
block hash fd9fb6a13de3cc969ae704d481e4ac07b9dc7cb953b10e57dc3297631ab583fe
Our XTO node is on the right chain (last block is correct), this was checked a lot of times starting from the first issue.
Some of XTO addresses have negative balances according official explorer:
https://www.blockexperts.com/tao/address/Tv7ypajVXXDd3rucE8Nfd4iDAmEAfpPqp6In the meantime we found several accounts involved in the suspicous activity with deposits/withdrawals of XTO. We suppose they tried to reach some sort of double spending in XTO blockchain and hence in our node. So these accounts were locked, but most of them were already empty. One of them have had 100000 XTO, so we debited this amount manually with "scam" description.
Later on the developer have contacted us with question why is his partner received a notification of debiting with "scam" description. We explained this situation to him. Right after our explanation new account was registered in our Exchange and all XTO coins has been bought out in our market to rise price to the sky. Right after this event we received an offer from developer to buy a lack of coins from him by the market price (skyrocketed price). This was the last drop for us, so we refused to deal with developer and locked new account which was use to buy out all XTO coins.
After all these malicous schemes, we managed to keep 50% of XTO coins. If we count coins locked in the account used for the last scheme, we could say that 60-65% of coins are in safe. We will not open deposits/withdrawals, neither unlock fraudulent accounts.
There are a few ways for XTO on our exchange:
1. We can leave all this as is, without deposits/withdrawals.
2. We can re-calculate XTO balances of our clients according the remaining coins and open only withdrawals. Then delist this coin.
3. We can get the lack of coins from developer if he wish to compensate these malicous schemes / broken blockchain and open withdrawals, then delist this coin.
4. If you can offer a better solution, we are always open for reasonable ideas.
P.S. we will not continue working with this coin in any case. C-CEX is already notified by us with detailed explanation of this situation.
P.S.S. Please always do your own research of an asset which you want to acquire. Livecoin do not provide any guarantees regarding quality of assets. Livecoin also don't guarantee lawfulness and fair play of developers.
I don't think XTO is going to survive much longer. VSM may have a shot, but they did not raise much during their ICO. It's pretty much up to MUSIC and Musiconomi at this point.
