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Author Topic: ToTheMoon (TMT) ICO is a Scam  (Read 259 times)
cuteman
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October 07, 2017, 09:34:28 PM
 #1

ToTheMoon (TMT) ICO is a Scam

Published 2 days ago on October 6, 2017 By Sam Bourgi

Hacked.com has learned through one of its readers that ToTheMoon (TMT) “professional mining” is a scam. The distressed reader phoned the local power cooperative that supports the land where TMT mining pods are supposedly located. Not only does the power company not serve TMT, it hasn’t even heard of it. In a town of 350 people, that simply doesn’t add up.

When our reader questioned TMT, it quickly banned him from both Slack and Twitter.

“My only goal at this point is to prevent others from losing their money,” he told Jonas Borchgrevink, Director of Hacked.com, via email.

Upon further investigation, TMT is a nearly verbatim ripoff of Giga Watt, an East Wenatchee, Washington company. Hacked.com has since contacted Giga Watt informing them that their website content has been used by scammers.


ToTheMoon: Total B.S.

There are few indications that TMT is up to no good. The company operates a clean website with a downloadable link to a 23-page whitepaper describing its upcoming token sale. The supposed Ethereum-backed token was said to have a total supply of 51.75 million.

TMT’s website claims the following:

“ToTheMoon provides turnkey mining services and custom packages tailored to clients’ needs: full range of mining services from equipment sales, maintenance and repair to private blockchain servicing.”

Now compare this with Giga Watt:

“Turnkey mining services or custom packages tailored to your needs: full range of mining services from equipment sales, maintenance and repair to private blockchain servicing.”

TMT was even listed on a number of ICO websites and had already raised significant funds. The scam should remind investors to carefully evaluate every ICO they come across. As the ICO market continues to grow, scammers are going to try to steal their piece of the pie.

To its credit, the U.S. Securities and Exchange Commission (SEC) has warned investors about potential ICO scams, especially “pump and dump” schemes. Very few expected the type of sleaziness that the makers of TMT tried to pull off.

https://hacked.com/tothemoon-ico-scam/
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October 07, 2017, 10:09:35 PM
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Cryptonomos’ official position on https://tothemoonimus.com/

As many of you know, over the course of this summer Cryptonomos conducted a successful WTT token launch for our client the Giga Watt project. The purpose of the WTT token launch was to offer WTT token holders access to both the exciting new world of technology and the industrial-capacity cryptocurrency mining facility at highly attractive rates.

Unfortunately, recently we received very disturbing news: A new project emerged on the market, which, sadly and infuriatingly, copied Giga Watt’s model. We believe that fair competition is good for the industry, so just the fact that they copied the business model would’ve been OK. However, the new entity did not play fair: They lifted, verbatim, the Giga Watt’s entire White Paper and the text from its the website, including all the diagrams, proprietary designs, pricing structures, industry descriptions, and even team members’ unique work experience. Surprisingly, they did go through the trouble of changing the names and the locations. The rest of the project information remained largely unchanged.

We have alerted our attorneys to this development, and they are contemplating the best course of action.

In the meantime, we would like to caution our clients and the market at large that these people are thieves and frauds. In addition to inviting you to check out and compare both White Papers, we can present the following evidence:

....

https://medium.com/cryptonomos/cryptonomos-official-position-on-https-tothemoonimus-com-d55daca3f04d
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