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September 07, 2017, 08:51:31 AM |
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Since the developer closed the original thread and decided to move to a moderated thread, I would like to open this thread in order to bring awareness to the community for what happened and is still happening here.
Basically the developer run a double scam where he created a new coin, pretended to swap the old one for the new while giving people very short notice and doing it completely not transparent. They swapped a very small percentage of the coins while remaining in possession of the larger part of xcxt. Also they deliberately slowed down communication so most people miss the 7 days deadline.
The developer ended up with a lot of coins on both chains and the opportunity to dump them on unsuspecting traders.
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