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Author Topic: LUST ICO is a scam.  (Read 6886 times)
cryptodevil
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September 11, 2017, 03:12:40 PM
Merited by suchmoon (2)
 #81

I found one 'real' person from their team.  Wink

This is a release from his LinkedIn profile:
Quote
I'm removing myself from the Lust team effective immediately. I initially saw promise in the project and the idea, and I looked forward to developing it, but yesterday and today BitcoinTalk users identified enough key signs of a scam for me to withdraw my support until they explain themselves.

https://lnkd.in/gtXrfWG

Please do extensive research and due diligence prior to investment.

https://www.linkedin.com/feed/update/urn:li:activity:6307616555182231552/

ORLY? Took him over a month to decide to distance himself from this obvious-scam-ICO-is-obvious scam ICO?

FFS, they were using fake 'team' profiles and dozens and dozens of hacked bitcointalk forum accounts to bot-post bullshit on their thread, which part of any of this 'seemed legit'?

If you click through Duncan Lemp's extremely-light-on-anything-substantial resume, on to his 'Nonpariel Capital' facebook page, you can see him and his buddies claiming to have made $$$ for their 'clients' with their 'trading algorithm' (I'm sure it's nothing to do with the mercurial rise in BTC price during that period, right?). It would not surprise me in the slightest to find he was fully aware of the sketchy nature of this ICO and figured if he finally bailed on it he might be able to pretend like he was totes innocent.

Fucking amateur, learn some basic due diligence. Although, given that you're trying to sell yourself as a crypto-market expert for capital investment purposes, your apparent failure to do so in this ICOs case is suspect, to say the least.


WARNING!!! Check your forum URLs carefully and avoid links to phishing sites like 'thebitcointalk' 'bitcointalk.to' and 'BitcointaLLk'
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Mi5h0
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September 11, 2017, 03:35:18 PM
 #82

I found one 'real' person from their team.  Wink

This is a release from his LinkedIn profile:
Quote
I'm removing myself from the Lust team effective immediately. I initially saw promise in the project and the idea, and I looked forward to developing it, but yesterday and today BitcoinTalk users identified enough key signs of a scam for me to withdraw my support until they explain themselves.

https://lnkd.in/gtXrfWG

Please do extensive research and due diligence prior to investment.

https://www.linkedin.com/feed/update/urn:li:activity:6307616555182231552/

ORLY? Took him over a month to decide to distance himself from this obvious-scam-ICO-is-obvious scam ICO?

FFS, they were using fake 'team' profiles and dozens and dozens of hacked bitcointalk forum accounts to bot-post bullshit on their thread, which part of any of this 'seemed legit'?

If you click through Duncan Lemp's extremely-light-on-anything-substantial resume, on to his 'Nonpariel Capital' facebook page, you can see him and his buddies claiming to have made $$$ for their 'clients' with their 'trading algorithm' (I'm sure it's nothing to do with the mercurial rise in BTC price during that period, right?). It would not surprise me in the slightest to find he was fully aware of the sketchy nature of this ICO and figured if he finally bailed on it he might be able to pretend like he was totes innocent.

Fucking amateur, learn some basic due diligence. Although, given that you're trying to sell yourself as a crypto-market expert for capital investment purposes, your apparent failure to do so in this ICOs case is suspect, to say the least.


It may look like a 'guilty until proven innocent' attitude but I can not help but to agree with you.
If he was already involved in the 'project' he certainly had some inside information that referred to fraud. He could come here and announce his findings publicly, but he waited until 'BitcoinTalk users identified enough key signs of a scam...'


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ARROUND









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revenant2017
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September 20, 2017, 12:02:06 AM
 #83

234 ethers and counting has been stolen by this kind of SCAM. Totally unacceptable. I feel sorry to the victims who fall for this.

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phreeksta
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September 20, 2017, 02:40:11 PM
 #84

Another reason why I stopped investing in that kind of ICOs. For honest companies, it will get more difficult in the next years.
CounterStrike
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September 20, 2017, 11:57:08 PM
 #85

It was a confirmed scam from day 1 and people still donated them like 200+ ETH? W T F

I guess it was self-donation to make it look more legit, no other explanation really.
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September 21, 2017, 07:16:40 AM
 #86

It was a confirmed scam from day 1 and people still donated them like 200+ ETH? W T F

I guess it was self-donation to make it look more legit, no other explanation really.

Sure it was a self-donation.. now another similar scam ICO is doing the same. worldcore.com

Everything I like is either illegal, immoral or fattening.
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September 21, 2017, 09:30:28 AM
 #87

anybody watched their contract address and LUST token transactions? I did.
First of all - there is only one Token called LUST, and this is it - https://etherscan.io/token/0x44e63691b8e5778cb0632a589414c5901e37e7c0#balances
As you can see, there is only 3 (three) token holders in whole blockchain by now. And only one of them holds like 5000$ in tokens, another have 21k lusts (2,1k$) and the last one only 0.7k$. So 36% (or 72k$) of already sold tokens is a bullshit. Nice work, guys. Decentralized sex-deals platform is a really good , and these fuckers ruining the idea.
Still holding some of my ether in waiting for the real project in that field to invest in.
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September 21, 2017, 10:04:27 AM
 #88

It was a confirmed scam from day 1 and people still donated them like 200+ ETH? W T F

I guess it was self-donation to make it look more legit, no other explanation really.

People never expected from the beginning that's why they invested in Lust. Till now I didn't notice about this and I am still, working in the social media campaign. We have to be very careful before investing into this scams.

gawajn
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September 30, 2017, 08:46:58 PM
 #89

Thanks op and cryptodevil for finding/tagging these people. You saved a lot of researching time for me. 
Great to have people like you, supporting the crypto community!

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Saint-loup
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October 10, 2017, 02:03:49 PM
 #90

Presumably a new hacked/bought account :
bigtop1967

No activity since October 2015 but posts on LUST threads since very few days. https://bitcointalk.org/index.php?action=profile;u=215635;sa=showPosts
(I don't know how to check when password or email had been changed, could someone checks that please)

He translated the ANN in french
https://bitcointalk.org/index.php?topic=2105121.msg21038271
Thanks to cryptodevil for tagged him.
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December 18, 2017, 03:24:55 PM
 #91

Well I logged in today after not being on here for while to see my account flagged untrusted, (which really blows)  and also I see something bout this lust ico..i do not and would not support this.

Needless to say I changed my password but now this accountnis forever scarred with the posts of that piece of shit.

Wish this forum had 2fa but then again it's most likely my fault not making my pass word 60 characters .


Sigh


-veebee

My account was hacked , i have recovered it but the person promoted straight disgusting trash lust ico.. i do not and would never support that
cryptodevil
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December 19, 2017, 07:23:09 AM
 #92

Well I logged in today after not being on here for while to see my account flagged untrusted, (which really blows)  and also I see something bout this lust ico..i do not and would not support this.

Needless to say I changed my password but now this accountnis forever scarred with the posts of that piece of shit.

Wish this forum had 2fa but then again it's most likely my fault not making my pass word 60 characters .


Sigh


-veebee

Can you sign a previously posted address to prove you are the original owner?

It's just that the reason these accounts were readily identifiable as having likely been bought/hacked at the time is that they had been dormant for a long period and were marked as having recently changed their password. So it kinda raises the question as to how you, as the original owner, would have logged back in to an account which had had its password changed without your knowledge.


WARNING!!! Check your forum URLs carefully and avoid links to phishing sites like 'thebitcointalk' 'bitcointalk.to' and 'BitcointaLLk'
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February 13, 2018, 07:52:57 PM
 #93

ANN of the LUST ICO:
https://bitcointalk.org/index.php?topic=2068206.0

The ANN of this project is flooded with posts from hacked accounts.

https://bitcointalk.org/index.php?action=profile;u=335464
https://bitcointalk.org/index.php?action=profile;u=387974
https://bitcointalk.org/index.php?action=profile;u=11549
https://bitcointalk.org/index.php?action=profile;u=223710
https://bitcointalk.org/index.php?action=profile;u=100713
https://bitcointalk.org/index.php?action=profile;u=65731
https://bitcointalk.org/index.php?action=profile;u=303610
https://bitcointalk.org/index.php?action=profile;u=192980
https://bitcointalk.org/index.php?action=profile;u=368228
https://bitcointalk.org/index.php?action=profile;u=73449
https://bitcointalk.org/index.php?action=profile;u=380058

All of this acccounts had their passwords changed on July 20, and then few days later started posting in just one topic - the Lust ANN. Some of this accounts where not used for months or even years. This are for sure not the only accouns which were hacked by this person, and will be used for this or future scams.

The OP of LUST ANN - darkota - has it's password changed just two days earlier, and then probably started preparing the scam.
https://bitcointalk.org/index.php?action=profile;u=256238

The team info on the ANN thread and on the project webste - https://lust.agency/ - is also fake.

I found one of the guys presented is the project as Mark Levchin on vk.com but his name is Denis Abel.
https://vk.com/ebeldenis

Please someone react.

ICO Scams are rampant in the space and some kind of regulation is needed to protect token buyers.

A Decentralized Escrow is the best way to create safety in the ICO space.

The best ICOs need to be able to follow through on their Pre-ICO promises so their tokens can become valuable and their investors are protected.

I recently found the solution - Incremint.io -  they have created a decentralized escrow system that protects token buyers and allows them to vote on when funds are released to the ICO as milestones are met.

They are in Pre-ICO stage right now with a live token sale. You can check their website: https://incremint.io/

Or even better go through their Telegram feed and ask questions: https://t.me/incremint_en
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March 21, 2018, 06:41:21 AM
 #94

There are so many ICO scams, and because of the lack of regulation there needs to be a decentralized solution. Check out Incremint.io. They have a decentralized escrow platform where token holders vote for release of funds to ICOs to ensure forward progress.

Be care when investing! It's wild out there!
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March 21, 2018, 10:11:38 PM
 #95

There are so many ICO scams, and because of the lack of regulation there needs to be a decentralized solution. Check out Incremint.io. They have a decentralized escrow platform where token holders vote for release of funds to ICOs to ensure forward progress.

Be care when investing! It's wild out there!

I'm willing to bet that the Russian clown behind BitBase is affiliated with Incremint.io.
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