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Author Topic: DimonCoin (FUDD) is a scam!  (Read 272 times)
Mintycash
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January 10, 2018, 04:59:35 PM
 #1

What happened::
At the end of December 2017 the dev dumped the token in exchanges after a very convenient HODler campain. Around the 8/01/2018 the Dev deleted all negative but informative comments in the thread and blocked us from replying. He/she poses a risk for newbies, who could read the ANN and buy from exchanges without knowing the Dev has unlimited supply.
There are 3 different token addresses and at least 1 of them has much more than the stated 100,000,000 tokens. Check the Holders having more than 100% of the max supply...

In the ethescan.io/Read Smart Contract shows that the distribution has not finished, meaning that he/she can create more tokens?
Scammers Profile Link:
https://bitcointalk.org/index.php?action=profile;u=1167441
Reference Link:
https://bitcointalk.org/index.php?topic=2242603.0
https://ethplorer.io/address/0xde39e5e5a1b0eeb3afe717d6d011cae88d19451e#tab=tab-holders
https://etherscan.io/token/0xDe39E5E5a1B0eEB3Afe717D6d011CaE88D19451e#readContract
https://ethplorer.io/address/0x17e4cc902015958839e693f179f49c75696381ce#tab=tab-holders
https://ethplorer.io/address/0x8c6efb03f6041ce98b790942ca3975b34d0b2461#tab=tab-holders

 
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CrytpoEth
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January 22, 2018, 06:37:36 AM
Merited by Mintycash (1)
 #2

The CoinMarketCap, DimonCoin website and everywhere total supply is displayed as 100,000,000 (100 million), however it is infinity. Many investors are getting scammed due to this incorrect details.

According to project white paper shared to BitcoinTalk community in November 2017, the total supply of DimonCoin should be 100,000,000. Tokens were minted over 100,000,000 to a big number that is not even countable. (more than 1,157,920,892,373,160,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000.0000).

After above post submitted by Mintycash, the admin had invoked finishDistribution() function but after minting tons of FUDD tokens that he could use it in future and also could do market manipulation (i.e. price rise etc). DimonCoin admin has been deceiving community users that it caused due to an internal bug in the project. I don't think this is an internal bug, but this was intentional. As Mintycash pointed out in above post, finishDistribution() was not executed until January 16, 2018.  

DimonCoin admin has now been offering community users with a plan of token swapping to reduce the circulating supply.  However please not that the admin is still in control of wallet address with infinity number of tokens he/she minted. I believe this is a start of another SCAM project.

Please review the information herewith and declare this as SCAM and this will save future investors from being scammed. Please also do not allow any forking out of this already scammed token (i.e. token swapping or new token derivation).

Majority of the tokens are also kept in EtherDelta contract and are being sold at lower prices.   A lot of investors are being Scammed. Please take all the initiative to get DimonCoin trading delisted from EtherDelta.


Scammers Profile Link:
https://bitcointalk.org/index.php?action=profile;u=1167441
Reference Link:
https://bitcointalk.org/index.php?topic=2242603.0
https://etherscan.io/token/0xde39e5e5a1b0eeb3afe717d6d011cae88d19451e#balances
https://ethplorer.io/address/0xde39e5e5a1b0eeb3afe717d6d011cae88d19451e#tab=tab-holders
https://etherscan.io/token/0xDe39E5E5a1B0eEB3Afe717D6d011CaE88D19451e#readContract
https://ethplorer.io/address/0x17e4cc902015958839e693f179f49c75696381ce#tab=tab-holders
https://ethplorer.io/address/0x8c6efb03f6041ce98b790942ca3975b34d0b2461#tab=tab-holders

The EtherDelta contract address is 0x8d12a197cb00d4747a1fe03395095ce2a5cc6819.

Wallet address of Contract creator
https://etherscan.io/token/0xde39e5e5a1b0eeb3afe717d6d011cae88d19451e?a=0x9a35805049c6bc553409e0daf71aa98e4ee97df9

FinishDistribution Function() was executed on January 16, 2018.
https://etherscan.io/tx/0xe53fdd94d64d396ffcc0bebfc7fb0d15036a9e7c1a307f271c953fa4f6085c14

transferOwnership() function was executed on January 17, 2018.
https://etherscan.io/tx/0x4fb2c4bb4091eb059005c4576bfa533e0ba3000d7b8199575fa927fab9e6ba2f
owner wallet address prior to transferOwnership: https://etherscan.io/address/0x9a35805049c6bc553409e0daf71aa98e4ee97df9
owner wallet address after transferOwnership    : https://etherscan.io/address/0x764c9752445f8cf1ed6c417b28e16b23d4a554f0

Thanks!
nikhilrj
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January 22, 2018, 07:36:44 AM
 #3

Dimon coin is a scam and in his telegram group admin bans users who speak against him. The new people who joins his group cannot write as those options are disabled.
He already scammed many people and is still doing it. Etherdelta is not taking any action against him after multiple emails sent by the community memebers.
harsh1587
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January 23, 2018, 01:42:41 AM
 #4

Yes its a scam, dimoncoin airdropped tokens and fooled a lot of innocent people, i was one of them , token
Supply changed suddenly during the month of december and price went to almost 0.spread the scam alert guys .
tomstrumon
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January 24, 2018, 06:32:52 PM
 #5

Hi There,

DimonCoin is scam. The admin has minted around infinite number of coins by himself and cheating other people through this scam. The admin is doing false promotions for this coin and cheating all the people. 

When I questioned about the maximum supply and he banned from the main channel. Whoever asking the right information for this coin will be kicked out from this main channel immediately.  I lost some amount of money, but I would like to save the other people from investing on this. I request you to please stay away from this scam.  The unknown people who are not aware of the maximum supply of this coin are still doing the transaction and I would like to take this forum to make people aware that this is one of the big coin scam that has been ever seen in the cryptocurrency world.

So all the people whoever invested in this coin, their money has been gone. This coin is a dead coin. Please do not buy. Please spread this and let the other people be saved.

Thanks
Tom




potatoboy
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January 25, 2018, 02:53:41 AM
 #6

DimonCoin is FUxxing SCAM!!
REAL SCAM!! Angry Angry Angry
jayco25
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January 25, 2018, 09:48:20 AM
 #7

dont buy FUDD its a big scam. he minted a lot of token. better to cancel all your buy order. Hope people ready this ANN so that people will not buy anymore. to the person who posted this ANN thread thak you so much

xmrguy
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January 26, 2018, 12:16:06 AM
 #8

I just opted into the airdrop. no plan to buy Smiley
Mintycash
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January 26, 2018, 12:46:21 AM
 #9

Good! don't buy! You will only be feeding a scammer and promoting theft! Not that the token is going to be worth much anyway and I will be surprised if you actually get anything. If you do get your airdrop, would you mind let us know so we know that the scammer is still active? Although we can just follow the movement in the contracts but it would still be nice to have.

I did the Spanish translation for that low life and I regret it. As soon as I found out I deleted the content of the translation and wrote what happened. It is strange how I remember that there was something odd with the ANN but I thought it to be just a poor attempt, never crossed my mind that it could be a scam. I suppose the scammer is back in bitcointalk with another name, preparing the next hit...

Oh well! I encourage you to make this type of threads whenever you find a scam in you journey. For everyone's benefit.
BRBlockchain
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January 26, 2018, 04:52:38 AM
 #10

What happened::
At the end of December 2017 the dev dumped the token in exchanges after a very convenient HODler campain. Around the 8/01/2018 the Dev deleted all negative but informative comments in the thread and blocked us from replying. He/she poses a risk for newbies, who could read the ANN and buy from exchanges without knowing the Dev has unlimited supply.
There are 3 different token addresses and at least 1 of them has much more than the stated 100,000,000 tokens. Check the Holders having more than 100% of the max supply...

In the ethescan.io/Read Smart Contract shows that the distribution has not finished, meaning that he/she can create more tokens?
Scammers Profile Link:
https://bitcointalk.org/index.php?action=profile;u=1167441
Reference Link:
https://bitcointalk.org/index.php?topic=2242603.0
https://ethplorer.io/address/0xde39e5e5a1b0eeb3afe717d6d011cae88d19451e#tab=tab-holders
https://etherscan.io/token/0xDe39E5E5a1B0eEB3Afe717D6d011CaE88D19451e#readContract
https://ethplorer.io/address/0x17e4cc902015958839e693f179f49c75696381ce#tab=tab-holders
https://ethplorer.io/address/0x8c6efb03f6041ce98b790942ca3975b34d0b2461#tab=tab-holders

 
ThomasChacko2018
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January 26, 2018, 06:06:08 PM
 #11

Dear investors,

Please stay away from this scammer. A lot of investors unfortunately got trapped in, and all of us were initially told that total coin supply was limited 100,000,000 as said in WhitePaper and in CMC. This was true only in December when the coin was listed in CoinMarketCap website or they would have never listed out at first place. A lot of investors including me invested amount into it due to these wrong details.

He then started minting tons of tons of tokens himself until January 16, 2018.  As you can review in blockchain, he minted tokens around 1,157,920,892,373,160,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000.0000 until January 16. He could not mint more tokens, because he has already been overflawed at this maximum. So he decided to invoke FinishDistribution fuction() on January 16, 2018.  The tokens he misted are huge, huge, huge!. Look at this wallet address 0x9a35805049c6bc553409e0daf71aa98e4ee97df9 at EtherScan at https://etherscan.io/token/0xde39e5e5a1b0eeb3afe717d6d011cae88d19451e?a=0x9a35805049c6bc553409e0daf71aa98e4ee97df9.  Please note this is just one among several wallets address he owns. Please ask him to burn all of these tokens right away now.

I bought 8,000,000 tokens for 1 Ethereum (worth of $1400) when the price was all time high around 0.00000012 ETH / token in early January and I was thinking then that I was holding 8% of total supply and was proud of it. I then knew my mistake when I realized the scam and he himself minted tons of billions of tokens himself by then. Since then, he has been selling those illegally minted tokens at very cheap price at EtherDelta at unbelievable low price as little as zero, so more investors get scammed again because of catchy price. EtherDelta is not delisting DimonCoin because DimonCoin bought them and sharing a portion of his profit to EtherDetla admins to keep their mouth shut. IDEX Exchange admins seem to be genuine as they delisted the trading as soon as they realized that this is a SCAM. A big salute to IDEX Admins and thanks for saving the community.

My purchase of 1 ETH ($1400) is now worth of $0. He has now come up with another strategy of buy-back option, and pretending to be a hero as he is going to buy back at a fixed price (he will fix a price at his choice). Friends, please understand the truth, review above posts for more details and stay away from this scammer.
 
If you have been victim of this SCAM unknowingly, please ask him to buy back your tokens at the amount you bought (not a fixed price of his choice) and I'm sure he will never ready for it. If you question him to buy back yours tokens at the amount you bought for, I'm sure you will get banned too.  All you would get may be some peanuts  by "buy back" options, but compare that with what you already invested. In my case I invested $1400, and that's lost!

You can always find your transactions history / trades here at https://deltabalances.github.io so you can use for the proof of your purchase.

He has now disabled chatting feature in his Telegram Channel so no one can ask questions against him. I request again please stay away from this SCAMMER. Do not feed him with your hard-earned money.

Thanks!
lucazuca
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January 27, 2018, 08:29:32 PM
 #12

Indeed this is a SCAM.
All the info posted above is CORRECT.
DO NOT BUY FUDD.
Today it has finally been delisted from CMC!! Unfortunately it is still listed on ETHERDELTA.
If you have been scammed like me, next time please make sure you do a better research....the wrong total supply was definitely a big red flag....
All the best.
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January 29, 2018, 07:38:32 AM
 #13

Folks, unfortunately this is a Scam! Please don't invest! Everything written above is true, plus we wouldn't be wasting our time telling you to not invest in a scam unless it was actually a scam!!
psycoxand
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January 31, 2018, 12:43:59 AM
 #14

I read a chat with the admin and I was shocked about his words, he is intentionally scamming people on purpose just because he thinks to be smarter, but luckily his game is nearly to be over with his website down, the delisting from coinmarketcap ... I am afraid he will do a copy-paste of the smart contract and re-start the scam over and over again ... he took just 3 months of "work". I wish he burn in hell.
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February 02, 2018, 07:54:31 PM
 #15

I came here & joined this community specially to tell everyone how Dimoncoin (FUDD) scam costed me $1200. Believing it as a genuine project i invested $1200 in this currency and later on i came to know how this project was specifically launched to scam genuine investors when price crashed to NIL. I request everyone to stay away from this and keep an eye on it. That scammer is now looking to launch another project/coin. Be alert & be safe.
GODLIKE
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LOL what you looking at?


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February 03, 2018, 08:55:52 PM
 #16

I came here & joined this community specially to tell everyone how Dimoncoin (FUDD) scam costed me $1200. Believing it as a genuine project i invested $1200 in this currency and later on i came to know how this project was specifically launched to scam genuine investors when price crashed to NIL. I request everyone to stay away from this and keep an eye on it. That scammer is now looking to launch another project/coin. Be alert & be safe.

What coin is he launching?

BITCOIN FOREVER news aggregator: only the most important news on the cryptoworld!
jaleeludeen
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February 05, 2018, 03:27:02 PM
 #17

Developer is generating and selling infinite number of FUDD coins in etherdelta.
How to stop this?
Indygamer
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February 08, 2018, 01:39:28 AM
 #18

Developer is generating and selling infinite number of FUDD coins in etherdelta.
How to stop this?

How about hard forking ethereum? J/k. I'd say it's the ethereum platform design and
 community consensus leaders  who'd be held accountable for this and many other shortcomings.

For example, the lack of adoption of the ERC 223 standard, has led to about
10 billion dollars worth ether being lost in transit. If this were a bank, it would get sued.
Ethereum core team needs to push the UX upgrades faster.
Not  acting sooner on the scammy ERC 20 token cesspool is a reflection of the ethereum
 and the larger crypto community, of which we are a part.

Coming back to the post, I'm part of the telegram group where we discuss about this DimonCoin scam
 and how to prevent further scams. Thanks to Thomas Chacko/Joseph Kuruvilla for kickstarting this discussion.
zz9w9z
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February 23, 2018, 08:58:59 AM
 #19

FUDD , a scam! I lost a lot of money on this project.

btcltcdigger
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February 23, 2018, 09:20:58 AM
 #20

Hah, the name itself says it all, FUDD lol


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