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[mrok]

So what actually happened with c-cex.com? I heard that they have millions of piex of questionable provenance and are dumping it? I hope i am misinformed - would someone with the real story pls post and tell us what is going on with them?

[pasmas]

I am confused about the premine, 78 mil looks like to much for dev part.. what do you think?

[Ayertosco]

I am confused about the premine, 78 mil looks like to much for dev part.. what do you think?

Again, the 78 million were premined to perform the coin swap from the old PIE coin. People sent in the old PIE coins (on a burn adress) and received new PIEX coin (1:1 ratio), there is nothing to think about.

[lektoor]

So what actually happened with c-cex.com? I heard that they have millions of piex of questionable provenance and are dumping it? I hope i am misinformed - would someone with the real story pls post and tell us what is going on with them?

this is a quote of moderator on official discord channel


    Ratstang - Ceгoдня в 04:54



Before I'd like to explain, I suggest everybody remove their buy orders from C-Cex.

We've encountered some problems with the swap.
We produced 78 million coins to swap what would roughly amount to 77.6mil coins. (With expected PIE staking rewards by October 29th.)

However after we swapped roughly 72 million coins it became evident that we were running out of coins long before we completed the swap.
To verify there was no foul play the entire team has spent the last 2 days auditing both the old PIE and new PieX block chains for every transaction in the last month.
Verifying and checking every transaction twice. And our books are within roughly $8 USD of coins. (Which is accounted by swapping fees and test sends.)

So if all of our books are within $8 USD across 72 million coins (1.5 million USD), how are we short 6 million PieX?
The only swaps we don't have on our books are the ones C-Cex claimed they did.

So we begin auditing all of C-Cex's wallets and every single transaction to and from both their PIE Exchange and PieX Exchange wallets.
During our investigation it became pretty evident that there was a lot to question here.

First off, C-Cex stated on October 3rd that they had 17.3 million coins in the balances on their exchange wallets.
Seen Here:  https://images-ext-2.discordapp.net/external/IpmsFsOGTkyVVHOoKWR8MFXqtw69tlsrPLGdGBx9SwU/https/media.discordapp.net/attachments/341572407732994048/374388220214902784/C-Cex_Scam_001.png?width=955&height=412

Foolishly we believed them and sent them coins, and said they "must burn the old PIE", at which point they insisted the PIE wallets were all corrupt. (Dozens of them.)

Fortunately it doesn't matter if your wallets are corrupt, every transaction still remains on the block chain.
So we spent countless hours finding and verifying every C-Cex PIE wallet used in the last 2 months on the blockchain to verify their claim.

Here is 15 of their Exchange wallets which had any known balance beyond September 5th. (Kindly verify all of them yourself.)



http://piecoin.thecryptochat.net/address/PS5jWWqJEEakbyNxNy6FDT87vBqERsrHwB - Empty Sept 30th
http://piecoin.thecryptochat.net/address/PVV7s6q1QDR3vPMuwBvkSAozzukV4GUyNC - Empty Sept 30th
http://piecoin.thecryptochat.net/address/PLyTwFJLjA2k1YZyDqi2n8vfMZuUWFu9QQ - Empty Sept 30th
http://piecoin.thecryptochat.net/address/PRECb7bvygqx2CsDAAGXLxVQ4zZHYENZRB - Empty Sept 30th
http://piecoin.thecryptochat.net/address/PNEry5GXSRdUdpwLVULGRaF2hutGQocLzF - Empty Oct 1st
http://piecoin.thecryptochat.net/address/PSAsBu1wXCfYbh5mqcjkbBUfKXMR3gUn5x - Empty Oct 1st
http://piecoin.thecryptochat.net/address/PXGYsNfC6ATwfKaAYnyn1nS5T53hJwsbKM - Empty Sept 30th
http://piecoin.thecryptochat.net/address/PL3g43sEwfnkcmipeXLdCdPgkYEY9PTHVk - Empty Sept 30th
http://piecoin.thecryptochat.net/address/PLyTwFJLjA2k1YZyDqi2n8vfMZuUWFu9QQ - Empty Sept 30th
http://piecoin.thecryptochat.net/address/PR6FczA26ezmcezBxU4tLJJ6L3XUtVEnni - Empty Sept 30th
http://piecoin.thecryptochat.net/address/PURjDc2D448R2KEfNeF8uZErmKyKUXrio6 - Empty Sept 30th
http://piecoin.thecryptochat.net/address/PTwmYGx87JXJFWFbH1MhG7U55AgbrqJTHS - Empty Sept 30th
http://piecoin.thecryptochat.net/address/PBuRbnexWbe7pVtZnKcofR1EmmUJa2BxRA - Empty Sept 30th
http://piecoin.thecryptochat.net/address/PHUCF9dA2bzcyi8ciBx5GDvd3rGSyxiRdu - Empty Sept 30th
http://piecoin.thecryptochat.net/address/PPyeCXkUXYgaKzkPw8zvp2wyHDsFPSapTe - Empty Sept 30th
Every single C-Cex wallet had nearly no balance or a negative balance by Oct 1st.
According to C-Cex's messages to the PIE team their wallets became "corrupt and broken" on October 1st. and therefore people were unable to withdraw their coins.

On october 1st C-Cex also began messaging the PIE community stating this:
https://media.discordapp.net/attachments/341572407732994048/374388346228834306/C-Cex_Scam_002.png
https://images-ext-1.discordapp.net/external/huL2RIvpMOQSPFG8ouchBeBZgkIFongf1QjyslJotN4/https/media.discordapp.net/attachments/341572407732994048/374388346228834306/C-Cex_Scam_002.png?width=368&height=561


So according to them their wallets not only "Broke" but supposedly they were also "blocking transactions and withdraws to avoid price manipulations" on october 1st.
Conveniently every single PIE wallet C-Cex controls as shown above runs out of coins at the exact same time it "breaks" and they "block" withdraws.

Something certainly weird going on here.




So if they have 17 million coins to swap, where are the wallets that contained 17 million coins on the 1st.
We were unable to find any, or any combination of wallets that might equal up to their claimed 17.3m coins.




So we began investigating what they did with the 17.3 million coins that we sent them.
As you can see here, they received 17.3 million coins.
http://45.77.58.147/address/XTmN5qoPMQMi7CckFDvindoRLbKkSA4jDp

They then removed these coins and made 7 movements with all coins.

Sent 36393.73359346
http://45.77.58.147/tx/6c20b7d037153b4e62c426c02b72efd36d5dc16df45059e9ed5dff5c79858a5e

Sent 20000.00000000
http://45.77.58.147/tx/3752d2764a9b03e5a1a06b294948ad0e41b69e508004192da815fa77239a7579

Sent 200000.00000000
http://45.77.58.147/tx/11dee563d568c99a116690bc4aa3359c487f2dd5eb4c03b85d466e692b09ee28

200000.90000000
http://45.77.58.147/tx/8d4dcda72194787715c94fb8d9eb28f8f123e3d8d81e4065a80961c64f354f1e

Sent 30000.00000000
http://45.77.58.147/tx/65cc78b7067abbb9b108a711504aa98a472aa4232046195eeb21cd03c022ea82

Sent 31660.10625117
http://45.77.58.147/tx/d45c2fbb4a9e5c4cb8ad60eb30e7a6e5459b9e20cd151cf2922002d0df028530

Sent 850000.00000000
http://45.77.58.147/tx/ec147018d79dc1bbe975978085ac5f31cff22d08c092133ca5b2014839989831(измeнeнo)
So after receiving roughly 17.3 million coins.
They possibly swapped 1.3 million worth (Or lined their own personal wallets.)

And here is the last wallet movement with a remaining balance of 16003845.25999728 untouched from the 19th of october.
http://45.77.58.147/address/XUQvBRg9dtHo8DzxBXbkcz7haBN6RqnCGf


So they only swapped 7 people? But they claimed they had 17mil worth of balances on the exchange?
And after swaping everyone they still have a remaining balance of 16mil?



Ratstang - Ceгoдня в 05:06
Unfortunately we've even started to swap people with our own personal coins as well as the donations.
We simply just don't have enough coins to complete the swap... But at the same time we don't want any of you to be harmed by this financially.

But as we were finishing up the last people being swapped it became very evident to us that the pending swap list was growing, and even giving you guys our own coins will never be able to afford all of it.
(This is what led to us investigating how the numbers were so far off.)


What solutions do we have?
Unfortunately since C-Cex appears to be holding 16 million coins we have limited options.

#1: We can try to strong arm C-Cex into giving us the coins back by forcing buy orders to 1sat so it has zero value for them to sell to.

#2: We can create a second chain, and swap again, leaving C-Cex and their scam coins behind... Basically taking away all value and market from them and refusing to swap them.

#3: we can work as a team in the community to come up with enough coins to swap the last few dozen people. And just hope C-Cex doesn't dump on us in the future.

[muffinrejoice]

Ok, so how much they want to raise in USD by current rates now?

[Delphinus]

I've just read above post and "WTF" is still on top of mind. Can't think of anything else..

Next time I suggest we really use a reputable exchange for a swap  I know that you guys are doing everything possible, but the whole swap cost everyone a lot of time and now the coin is getting screwed over...

Appreciate all the effort and thought being put into this at the moment and thanks for the clarification. Can we fork to fix this issue? Start a new chain and send PIE to everyone that can prove they own an address that had PIEX by signing a message with their private key?

[lektoor]

I've just read above post and "WTF" is still on top of mind. Can't think of anything else..

Next time I suggest we really use a reputable exchange for a swap  I know that you guys are doing everything possible, but the whole swap cost everyone a lot of time and now the coin is getting screwed over...

Appreciate all the effort and thought being put into this at the moment and thanks for the clarification. Can we fork to fix this issue? Start a new chain and send PIE to everyone that can prove they own an address that had PIEX by signing a message with their private key?

you can ask dev's and mod's on discord they are very active https://discord.gg/PXFXE4

[Twitchyy]

I've just read above post and "WTF" is still on top of mind. Can't think of anything else..

Next time I suggest we really use a reputable exchange for a swap  I know that you guys are doing everything possible, but the whole swap cost everyone a lot of time and now the coin is getting screwed over...

Appreciate all the effort and thought being put into this at the moment and thanks for the clarification. Can we fork to fix this issue? Start a new chain and send PIE to everyone that can prove they own an address that had PIEX by signing a message with their private key?

That's an option that was brought up by the mods which was to do another swap. I suggest joining the discord so you can voice your thoughts.

[awardotter]

How is my account is protected? Which security systems do you use? How can I be sure my tokens are safe?

[Ayertosco]

How is my account is protected? Which security systems do you use? How can I be sure my tokens are safe?

What are you asking exactly? You have your wallet and your private key as for every coin out there

[mrok]

Yep WTF this is a heartbreaker.

The crypto-currency business world is going to have lots of ups and downs as it moves out of the troublesome years of puberty and into adulthood.

Things like road-maps and whitepapers and juvenile website spelling mistakes aren't going to be the indicators of maturity. Maturity and wisdom are learned.

I learned this bit of wisdom from a successful drug dealer:  you can ALWAYS make a lot more money legally and ethically than you can make through illegal activities. The guy that taught me this (thanks alex) died of herion many years ago but it's a lesson that stuck with me.

c-cex stole coins equal to ~500,000 USD.  They could have made more than that in just trading fees over the next few years from the thousands of PIE holders.

"I am looking for someone to share in an adventure that I am arranging, and it's very difficult to find anyone." - Gandalf

[coloredcoin]

Seems Masternode and Delegates are pop recently.

[MRD911]

I think I would vote for option 3. Also need to move away from C-CEX. Price is currently listed at $0.011 ?
(.011)(17,000,000)= $187,000

#3: we can work as a team in the community to come up with enough coins to swap the last few dozen people. And just hope C-Cex doesn't dump on us in the future.

[fishfishfish313]

#2: We can create a second chain, and swap again, leaving C-Cex and their scam coins behind... Basically taking away all value and market from them and refusing to swap them.

I am in agreement with this option.  This could actually work out in favor of PIEX holders, as long as we can be patient.  BTC is going up.  Let the stakes and MN rewards stack up and when the time comes, we can move to a new chain.

Transparency:  Nothing but that from the PIEX team who all work, basically, for free.

Yes, a mistake was made in regards to trusting c-cex.  No team is perfect.  I'm glad we were told about this and then can move forward.  There was some talk about the PIE name not being taken seriously in the crypto-space.  Possibly changing the name to something like Social Send.  I'm in PIEX for the long haul anyways, and I wasnt planning to sell for quite awhile.  If the team can accomplish their goals, then we have a very valuable coin on our hands.  I suggest to be patient and let these guys hash out the details and then report back to the community here.

The only suggestion i have is to keep the conversation flowing on the ANN.  Having an active ANN is vitally important on this forum.  Do not underestimate the power of an active ANN thread.

Again, thanks for being one of my favorite teams of all the lower marketcap coins I'm involved in.  You guys really do rock.  Let me know if there is anything that the community here can do to help.  I'll see you guys in the Discord too.

[aarell]

#2: We can create a second chain, and swap again, leaving C-Cex and their scam coins behind... Basically taking away all value and market from them and refusing to swap them.

I am in agreement with this option.  This could actually work out in favor of PIEX holders, as long as we can be patient.  BTC is going up.  Let the stakes and MN rewards stack up and when the time comes, we can move to a new chain.

Transparency:  Nothing but that from the PIEX team who all work, basically, for free.

Yes, a mistake was made in regards to trusting c-cex.  No team is perfect.  I'm glad we were told about this and then can move forward.  There was some talk about the PIE name not being taken seriously in the crypto-space.  Possibly changing the name to something like Social Send.  I'm in PIEX for the long haul anyways, and I wasnt planning to sell for quite awhile.  If the team can accomplish their goals, then we have a very valuable coin on our hands.  I suggest to be patient and let these guys hash out the details and then report back to the community here.

The only suggestion i have is to keep the conversation flowing on the ANN.  Having an active ANN is vitally important on this forum.  Do not underestimate the power of an active ANN thread.

Again, thanks for being one of my favorite teams of all the lower marketcap coins I'm involved in.  You guys really do rock.  Let me know if there is anything that the community here can do to help.  I'll see you guys in the Discord too.

My vote for this #2 option.

[Smokeyw]

lol what a fail told this before that something was fishy about this all
big sell off from the start when the swap started
remember this nobody will work for free
some guys made big money off this swap and you never know who
goodluck

[Ayertosco]

lol what a fail told this before that something was fishy about this all
big sell off from the start when the swap started
remember this nobody will work for free
some guys made big money off this swap and you never know who
goodluck

Just one guy, the man who owns C-CEX, who stole 16 million of coins. And there is proof

[andydo]

Actually, we should hear C-CEX statement about this.

[wood299]

Option 2. Damn you C-Cex.

[Delphinus]

So did C-CEX ever confirm what they did? Why might even go to the SEC with this right?

Since it's basically theft...