[ANN] xxxxx

[JoshuaT]

Fran (our former escrow) recently asked to obtain residence information of our directors who are private key holders, as well as KYC information for investors in our ICO and presales. This requirement was not in the contract we had signed with him and we were assured we would not need to provide such information to him. For that reason we were obliged to terminate the escrow arrangement.

If the email posted above is true, we're unhappy with Fran's behavior and tone after his termination as escrow, since he had confidential access to WCX's product development and knew of our legitimacy well ahead of the public.

Moving forward we're likely to be focused on the product development (WCX) rather than the ICO for the next week or so. Presales are currently closed but we expect to announce new escrow managers and re-open them soon.

@wcxofficial

So.....

1.  Where are the presale monies at right now?

2.  Did presale monies go into an existing escrow account with Fran? Yes/No

3.  If Yes, did you get the monies back from Fran?  Yes/No

4.   What kind of escrow contract allows a party to back out for reasons not stipulated in the contract?

5.  The escrow contract didn't have stipulations as to what would happen if one party wanted to reneg?  Contract should have stipulated the funds going ONLY TO ANOTHER ESCROW (otherwise it was never really a valid escrow).

It sounds like wcex has control of the funds again.  True/Fase  (See #1.)

[1714485368]

1714485368

[Coiner_]

I contacted both. Seems like the escrow is butthurt, he breach the contract with WCX so WCX fired him, now he talking shit about them. He was set to make some millons from the ICO...

Evidence? Surely you realize I can't take your claims at face value.

Agree with Litex. The project has a working product which proves it's legitimate beyond doubt.

That's a non-sequitur.

Also my 2 cents on Fran Strajnar: I've personally worked with him before and he's not necessarily the easiest person to work with. He's quite self-centered and inconsistent in his dealings so wasn't too glad when this project brought him as escrow. Hopefully they'll find someone better.

Fran Strajnar is literally the worst person in crypto. Virtually nobody wants to work with him. I don't know why WCEX chose him as escrow in the first place.

Both Newbie accounts with < 5 posts registered within hours of each other now saying much the same thing. Apart from the fact that you are most likely alts of the same person, there's no evidence for that claim.

[Moneroman88]

I admit I had been genuinely interested. BUT obviously this scam (now we all know!) is not doing too well, a lot of things going wrong even before the big ICO heist

Try harder

[Coiner_]

Obviously this scam is not doing too well, a lot of things going wrong even before the big ICO heist

Try harder

That's the same kind of blanket statements that was thrown around in the beginning of the ELIX/TME project thread you just posted on (with anonymous devs no less) so perhaps it is you who should try harder.

[tranduc2101]

I admit I had been genuinely interested. BUT obviously this scam (now we all know!) is not doing too well, a lot of things going wrong even before the big ICO heist

Try harder

When this happens, I no longer trust the project and no longer want to invest in wcx anymore

[Moneroman88]

Obviously this scam is not doing too well, a lot of things going wrong even before the big ICO heist

Try harder

That's the same kind of blanket statements that was thrown around in the beginning of the ELIX/TME project thread you just posted on (with anonymous devs no less) so perhaps it is you who should try harder.

Mate, please come on, I don't see how this is related - at all. ELIX/TME project doesn't claim 'Apple & Wall St. Team' in the first place - it's just a little project that is not attracting any ICO money or investment money whatsoever.
This thing here is a different ballgame that is trying to get people to invest their funds and I'm just expressing my honest opinion. Announcing an escrow - said escrow saying that WCX refuses to disclose who they are - and WCX in return announcing 'we're unhappy with Fran's behavior'. Welcome to the Kindergarden! This is not only a red flag but truly ridiculous. Sorry to say.

JUST TO CONFIRM
@wcxofficial
PLEASE CONFIRM that all funds that have been invested so far are NOT HELD IN ESCROW.

[Coiner_]

Fran (our former escrow) recently asked to obtain residence information of our directors who are private key holders, as well as KYC information for investors in our ICO and presales. This requirement was not in the contract we had signed with him and we were assured we would not need to provide such information to him. For that reason we were obliged to terminate the escrow arrangement.

Do you anything to back this up? Like a screenshot of your email/telegram/slack/discord/x convo where he says that exactly? You clearly didn't use Skype or any other video platform since you're still anonymous to even him so it has to be one of those and I doubt he was calling in to Hong Kong everytime he wanted to communicate with you guys.

I'm asking this since this side of your story has so far not been corroborated.

Obviously this scam is not doing too well, a lot of things going wrong even before the big ICO heist

Try harder

That's the same kind of blanket statements that was thrown around in the beginning of the ELIX/TME project thread you just posted on (with anonymous devs no less) so perhaps it is you who should try harder.

Mate, please come on, I don't see how this is related - at all. ELIX/TME project doesn't claim 'Apple & Wall St. Team' in the first place - it's just a little project that is not attracting any ICO money or investment money whatsoever.

Sure, they never claimed to be a team from every eye-catching establishment there is but they're anonymous nontheless and that is one issue a lot of people in here seem to find very hard to look past. And ELIX/TME did attract money in their brief ICO, however small.

This thing here is a different ballgame that is trying to get people to invest their funds and I'm just expressing my honest opinion. Announcing an escrow - said escrow saying that WCX refuses to disclose who they are - and WCX in return announcing 'we're unhappy with Fran's behavior'. Welcome to the Kindergarden! This is not only a red flag but truly ridiculous. Sorry to say.

I do agree with this for the most part but your claim that they're a scam right now is just that, an opinion.

[hamnchess]

Lol at the FUDders. I love how they come in and blow air with absolutely no proof as they have done in the past. So they say WCX built and release a full functioning exchange (know how hard this is?) etc. all this so they can eventually take some money at an ICO? What kind of conspiracy bullshit is this?

On one side we have some FUDders which by the way still have 0 proof of any wrongdoing, they just blowing air and jerking, while on another hand we have WCX which have delivered on every single promise they made so far include a real live exchange. Mmm wonder which is real and which is fake...

[Macht]

I received this email couple hours ago.

[o48o]

Got an invite, even though i am very skeptic now, before i got into Coinigy i sure would have liked that kind of dashboard in place i was trading at.

Fran (our former escrow) recently asked to obtain residence information of our directors who are private key holders, as well as KYC information for investors in our ICO and presales. This requirement was not in the contract we had signed with him and we were assured we would not need to provide such information to him. For that reason we were obliged to terminate the escrow arrangement.

Do you anything to back this up? Like a screenshot of your email/telegram/slack/discord/x convo where he says that exactly? You clearly didn't use Skype or any other video platform since you're still anonymous to even him so it has to be one of those and I doubt he was calling in to Hong Kong everytime he wanted to communicate with you guys.

I'm asking this since this side of your story has so far not been corroborated.

Also please answer to Coiner_

[metgohan]

Received this from Fran: https://i.imgur.com/y6nG1OJ.png

"

We parted ways recently over a disagreement in how to handle KYC information.

Customer funds that are in the escrow wallet we had set up were refunded through shared mutual agreement to their respective investors.

I have no opinion on their ICO or company. I wish them well.

Thanks

"

Seems like it was a disagreement on KYC info collection and they've agreed to part ways.

[Joking313]

Received this from Fran: https://i.imgur.com/y6nG1OJ.png

"

We parted ways recently over a disagreement in how to handle KYC information.

Customer funds that are in the escrow wallet we had set up were refunded through shared mutual agreement to their respective investors.

I have no opinion on their ICO or company. I wish them well.

Thanks

"

Seems like it was a disagreement on KYC info collection and they've agreed to part ways.

I find it weird that in this reply he said "i wish them well" and in others he says "recommend to avoid", something is not quite right here

[metgohan]

Received this from Fran: https://i.imgur.com/y6nG1OJ.png

"

We parted ways recently over a disagreement in how to handle KYC information.

Customer funds that are in the escrow wallet we had set up were refunded through shared mutual agreement to their respective investors.

I have no opinion on their ICO or company. I wish them well.

Thanks

"

Seems like it was a disagreement on KYC info collection and they've agreed to part ways.

I find it weird that in this reply he said "i wish them well" and in others he says "recommend to avoid", some is not quite right here

Indeed. I'm guessing he wasn't expecting his email messages to become public.

[JoshuaT]

Received this from Fran:

"

We parted ways recently over a disagreement in how to handle KYC information.

Customer funds that are in the escrow wallet we had set up were refunded through shared mutual agreement to their respective investors.

I have no opinion on their ICO or company. I wish them well.

Thanks

"

Seems like it was a disagreement on KYC info collection and they've agreed to part ways.

Refunds went to presale investors?

Ok good, that points to that a legit escrow was in place (although a poorly designed one, as funds didn't go from safe hands (escrow) to other safe hands (new escrow) and are (it seems) back in the hands of the original investors and out of wcex's hands).

Which also means that, in effect, the presale never happened and xcex has no presale funds (but investors funds were safe in escrow and are now back in the investors' hands).

@wcxofficial please confirm.

[ZanderKiel]

Hello wcx developers

I am Zander, COO of Ohni, and would humbly request you add Ohni to the list of the market voting form.

Ohni Token is set to launch our official ANN and ICO dated 10/8/17

Any questions TTM the CEO or I would be happy to answer.

[flattail]

Refunds went to presale investors?

Ok good, that points to that a legit escrow was in place (although a poorly designed one, as funds didn't go from safe hands (escrow) to other safe hands (new escrow) and are (it seems) back in the hands of the original investors and out of wcex's hands).

Which also means that, in effect, the presale never happened and xcex has no presale funds (but investors funds were safe in escrow and are now back in the investors' hands).

@wcxofficial please confirm.

Received this email from WCX:

Dear XXXXX,

We recently switched escrow managers and the payment you made during the presale was actually sent to the old escrow manager address. This happened to a few folks who bought during the presale while the old escrow address was displayed on the site.

Do you have a refund address we can use to send you the:

X.XXX BTC

you used to purchase WCXT during the presale?

You can resend those at a later date to our new escrow address. The WCXT tokens in your balance will remain intact.

Best regards,

Paul Kaplan
Customer Support
---------
I sent them a BTC address and am told my funds should be there within 24 hours. I will then get to decide whether or not to send those funds back. Considering the flurry of bad sentiment right now it is a great sign if all pre-ICO money is returned.

[JoshuaT]

Received this email from WCX:

Dear XXXXX,

We recently switched escrow managers and the payment you made during the presale was actually sent to the old escrow manager address. This happened to a few folks who bought during the presale while the old escrow address was displayed on the site.

Do you have a refund address we can use to send you the:

X.XXX BTC

you used to purchase WCXT during the presale?

You can resend those at a later date to our new escrow address. The WCXT tokens in your balance will remain intact.

Best regards,

Paul Kaplan
Customer Support
---------
I sent them a BTC address and am told my funds should be there within 24 hours. I will then get to decide whether or not to send those funds back. Considering the flurry of bad sentiment right now it is a great sign if all pre-ICO money is returned.

Thanks for posting that.

So....that implies that....

1.  during the presale there were 2 different escrow's, Franz who stopped at some point and then an new unnamed on.   Or, there was only one escrow, and now WCX is trying to get funds into a new (theoretical) escrow.

2.  No announcement was made about this.

3.  The escrow is not returning the funds, they returned them to WCX and WCX is returning the funds.  THIS IS NOT HOW ESCROW WORKS so there was never an escrow as claimed.

4.  Investors getting refunds don't lose their bought coins if they then pay into the new theoretical escrow.


I'm happy for WCX to explain how the above is incorrect, I'm just working with what I got.

[hamnchess]

@JoshuaT what the hell are you talking about. every post you try to make things up and hate on WCX. They did not mention any other escrow, when the Fran guy stopped the presales stopped and they still are stopped until as I understand new escrow comes in.

3.  The escrow is not returning the funds, they returned them to WCX and WCS is returning the funds.  THIS IS NOT HOW ESCROW WORKS so there was never an escrow as claimed.

What? Where the hell did you see this? Or another made up shit speculation from you? Stop spreading FUD and false information.

[JoshuaT]

@JoshuaT what the hell are you talking about. every post you try to make things up and hate on WCX. They did not mention any other escrow, when the Fran guy stopped the presales stopped and they still are stopped until as I understand new escrow comes in.

3.  The escrow is not returning the funds, they returned them to WCX and WCS is returning the funds.  THIS IS NOT HOW ESCROW WORKS so there was never an escrow as claimed.

What? Where the hell did you see this? Or another made up shit speculation from you? Stop spreading FUD and false information.

Why do you think the presales stopped when Fran stopped, as opposed to that the presale is sold out, which is what wcex.co ACTUALLY SAYS. "Presale tokens are sold out for now."

It looks like it's you that's making stuff up.


"They did not mention any other escrow"

Lol.  If they didn't mention any other escrow, then why do you think there's "new escrow coming in"?

Read what was actually said man.



"Where the hell did you see this?"

Again, lol, you gotta read the thread man.


"every post you try to make things up and hate on WCX"  

Stop lying.  I've never once expressed anything even close to hate.  And I don't try to make things up, I'm trying to make sense of WCX since they don't provide much information about their business that they want people to trust and invest in.  Thus I ask questions and as today illustrates, surmise based on the clues and hope the WCXofficial will clarify or otherwise respond.

[hamnchess]

More useless air from JoshuaT. Just read your reply there is literally no substance except "Just read thre thread" man just stop the FUD. Ok if you have any sort of evidence for claims but your FUD is just BS