CatenaX SCAM

[c7ISS]

Hello guys there is a scam token named CatenaX.

The dev created multiple wallets and airdrop tokens there and is selling the liquidity

https://i.postimg.cc/rw1vxRx9/IMAGE-2021-12-31-21-16-10.jpg

Every day are multiple wallets same kind ( who never bought the token) who's selling.

If some people are investing, let's say $5k, the dev airdrop tokens in new wallet and selling all the amount

some pictures to prove my point:

https://i.postimg.cc/SKpmpp7g/IMAGE-2021-12-31-21-15-46.jpg

https://postlmg.cc/WFqxc31m

https://postlmg.cc/xqHBsc7n


If someone needs more just ask!

The linkedin has no activity!0. just a name and a profile picture.

[hugeblack]

From the moment the project started with the name "Cardano Smart-Link", I thought that they wanted a lot of money that would flow quickly, or in other words "Pump/Dump scam coin".
The screenshots above show that it's a pump-and-dump project, which I'll quote it show:

also 24 hours volume is $700k to $50k

@OP You need to edit your topic using ---> Scam Report Format (Use it to make scam reports properly)


I think the above details are enough to classify the project as a scam. you can also contact @Hhampuz (was running old Signature Campaign) to add more.

[JeromeTash]

Just another pump and dump token.
I don't know why people still take such projects seriously. Most of them are just get rich quick schemes used by scammers to trick gullible newbies. The tokens are shitcoins with no intended purpose except scamming people.

[The Cryptovator]

Just another pump and dump token.
I don't know why people still take such projects seriously. Most of them are just get rich quick schemes used by scammers to trick gullible newbies. The tokens are shitcoins with no intended purpose except scamming people.

Sadly still people getting into it. As I can see most of the projects are scams. Even they aren't skipping right after the initial sale. They are selling more tokens on exchange either Dex or Cex. Most project doesn't have any effective concept nowadays, it's just a game of becoming quick rich for scammers. Someday they will sell all the tokens and keep silent. That means a lot of people will lose funds.

[c7ISS]

Just another pump and dump token.
I don't know why people still take such projects seriously. Most of them are just get rich quick schemes used by scammers to trick gullible newbies. The tokens are shitcoins with no intended purpose except scamming people.

Sadly still people getting into it. As I can see most of the projects are scams. Even they aren't skipping right after the initial sale. They are selling more tokens on exchange either Dex or Cex. Most project doesn't have any effective concept nowadays, it's just a game of becoming quick rich for scammers. Someday they will sell all the tokens and keep silent. That means a lot of people will lose funds.

Yeah but we can't mark the Topic from this forum at SCAM? There are people who don't know this and still invest in this because it's on this forum and it's show like an legit project

[hugeblack]

Sadly still people getting into it. As I can see most of the projects are scams. Even they aren't skipping right after the initial sale. They are selling more tokens on exchange either Dex or Cex. Most project doesn't have any effective concept nowadays, it's just a game of becoming quick rich for scammers. Someday they will sell all the tokens and keep silent. That means a lot of people will lose funds.

What distinguishes this scam is that they paid some money in a Bitcoin signature campaign and it lasted for about a month, which increases the credibility of the project, but unfortunately they paid some money to attract people to invest and then scam them.

The thing that baffles me is the developers’ control over the number of tokens and thus understanding the party that can manipulate the price, so any crypto/token does not know who owns the most tokens by many parties or is not well distributed is a long or short scam.

--

I give him negative trust.

[ScamViruS]

Just another pump and dump token.
I don't know why people still take such projects seriously. Most of them are just get rich quick schemes used by scammers to trick gullible newbies. The tokens are shitcoins with no intended purpose except scamming people.

Those who see an opportunity to invest in such projects fall prey to scams. Basically, it would not be right to blame them. Because they are attracted to the crypto market in different ways in the wrong way, they are more likely to make the wrong decision than to make the right one. They are constantly coming to the market with different projects and in a few days they are leaving the market with money from the investors, which is a very sad fact.

[TheBeardedBaby]

I left a negative feedback as well, if they comeback and resolve the issue I will remove it.

[ultrloa]

Just another pump and dump token.
I don't know why people still take such projects seriously. Most of them are just get rich quick schemes used by scammers to trick gullible newbies. The tokens are shitcoins with no intended purpose except scamming people.

Those who see an opportunity to invest in such projects fall prey to scams. Basically, it would not be right to blame them. Because they are attracted to the crypto market in different ways in the wrong way, they are more likely to make the wrong decision than to make the right one. They are constantly coming to the market with different projects and in a few days they are leaving the market with money from the investors, which is a very sad fact.

That's why its really much better to anyone to let go of this type of investment since we know how huge the risk for putting up our money in this kind of investment option and we know that majority of it is totally scam. I know many people keep telling that they are risk taker but for the fact that almost all of the dev conduct this kind of activities especially when creating tokens and offer it to the public then best for us to be more cautious.

Also for sure the devs will just create another token so we should be more aware on their next scam attempt.

[Obito]

Just another pump and dump token.
I don't know why people still take such projects seriously. Most of them are just get rich quick schemes used by scammers to trick gullible newbies. The tokens are shitcoins with no intended purpose except scamming people.

That's cause some people makes money out of this and it's a matter of speed of how early they have gotten into the market, I mean there's a pump time in it and some people wants to get into the token before that can happen. It's just that not a lot of them are successful in getting there.

[TheBeardedBaby]

Just to add the latest activity and if you still not believe this is SCAM just read this:

• The project owners keep minting new coins and selling them on PancakeSwap.
• Here is the proof. On their website Current Supply : 31.5M CEX, Max Supply 63M CEX https://catenax.org/
• According BscScan total Supply ATM: 122M https://bscscan.com/token/0x59f2c86cfaa2ec1b07b3d032708220506657c479
• They keep minting and selling tokens Proof  for just the recent activity >
• 18H ago > https://bscscan.com/tx/0x10d299cade1bbfd5981db075d4bb0f5c29d3f046df2c1a20a2d068fa273f784e
• 2 days ago > https://bscscan.com/tx/0xd4f5482d6f27a840230ac3384fa0b9dbda889e05301fda7acb035d4d807bbab6
• 4 days ago > https://bscscan.com/tx/0x60303b957d1e6bfe4833e0e22e9f8ea416769921cd18aea7b4d0fc6458aceceb

Waiting for CMC and CG to delist the project any time now.
I have sent a warning to both listing services.

SCAM

[TheBeardedBaby]

I just created a flag, please support it here:
https://bitcointalk.org/index.php?action=trust;flag=2907

[Crusady]

Just another pump and dump token.
I don't know why people still take such projects seriously. Most of them are just get rich quick schemes used by scammers to trick gullible newbies. The tokens are shitcoins with no intended purpose except scamming people.

Yeah. I thought people are more attentive nowadays. Those tokens, I would never even have a look at them. Crap, nothing more.

[TheBeardedBaby]

A little update,
Finally got coinmarketcap to put a warning regarding CatenaX.

It wasn't exactly what I was expecting but at least it's something to warn the total newbies.

We have received multiple reports that the website associated with the project is non functional and socials are suspended. Exercise trade with caution and DYOR.

Source : here

Next step will be Coingecko.

[TheBeardedBaby]

... and the website is down.
... and surprise! They minted even more coins yesterday : https://bscscan.com/token/0x59f2c86cfaa2ec1b07b3d032708220506657c479?a=0x0000000000000000000000000000000000000000
There are now 2,551,300,000.315 CEX as per today.

Volume for the past 24h is: $1,258

Soon coingecko will put a warning too.

[JeromeTash]

... and surprise! They minted even more coins yesterday : https://bscscan.com/token/0x59f2c86cfaa2ec1b07b3d032708220506657c479?a=0x0000000000000000000000000000000000000000
There are now 2,551,300,000.315 CEX as per today.

And they minted 2,000,000,000 more today. Just how desperate are these scammers, even when the trading volume is that low? 

Soon coingecko will put a warning too.

The good news is coingecko hasn't updated data about the coin for the last 13 days so when someone looks it up on coingecko, it all looks like a dead coin.
https://www.coingecko.com/en/coins/catena-x

[TheBeardedBaby]

Regarding Coingecko, I'm still waiting for an answer from them.

This is the last email I got more than a week ago.


Today I sent an reminder with the note that Coinmarketcap already took some action against the project.
I will keep you guys informed.


A little update, today the Coingecko put a warning as well.

We have received reports that the project website and socials are currently inactive or suspended. Please DYOR and take extra precaution when trading.

[TheBeardedBaby]

A little update.

Our "friend" Luuk is still minting and selling coins.

The last one is from yesterday.

Another fresh 100,000,000,000 in circulation, with Total Supply of: 127,551,300,000.315 CEX

Don't get fooled by the price fluctuations, you won't be able to make any profit from this project.