Bitcoin Forum
November 15, 2018, 05:31:34 AM *
News: Latest Bitcoin Core release: 0.17.0 [Torrent].
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: How Playkey (PKT) Lied about a Buyback and Manipulated the Market  (Read 114 times)
consar
Full Member
***
Offline Offline

Activity: 272
Merit: 100


View Profile
May 30, 2018, 12:43:30 PM
 #1

original post here: https://www.reddit.com/r/CryptoCurrency/comments/8n7v62/how_playkey_pkt_lied_about_a_buyback_and/

"Hello, I wanted to let everyone know about this projects extremely suspicious behavior and possible scam.

Last week Playkey (PKT) announced that there will be a buyback on May 29. they said 2 Million PKT tokens will be bought back on HitBTC with the maximum price of $2.5 million. However, there are only fake buys going on right now as you can see from the order book and order history. You can check yourself here: https://hitbtc.com/PKT-to-BTC I also have video and screenshot proof just in case.

Here how it happens; let's say the lowest sell price is 10K sats. a sell order of 9.99K sats get listed and bought instantly, thus creating a fake buy volume. This happens from time to time for various amounts of tokens. You can think this is a bot instantly buying sell orders to accumulate but that's not the case. When you put a sell order for 9.99K sats it's never bought. In these videos you can see it in detail, you don't have to watch the whole video, just click the time stamps on the description.

https://www.youtube.com/watch?v=XEaIPU28SxM

https://www.youtube.com/watch?v=gO2W7akdJtM

https://www.youtube.com/watch?v=ybzdU2ESfQo

They are banning people from their Telegram channel just for asking a buy back proof. If anyone talks about transparency they just copy/paste the same texts that says "We do not disclose details to avoid possible manipulation and speculation of professional traders." or "All procedures are on the side of the exchange. With all the openness of the company, we can not show anything. Due to the peculiarities of the exchange and security. With all due respect, this is not negotiable." In truth they are the ones manipulating the price with lies and fake buys.

twitter buyback announcement: https://twitter.com/Playkey_EN/status/998543219808927744

Medium article: https://medium.com/@playkey/playkey-plans-to-buy-back-2-000-000-pkt-for-up-to-2-5-million-dollars-aacf450e865b

"
1542259894
Hero Member
*
Offline Offline

Posts: 1542259894

View Profile Personal Message (Offline)

Ignore
1542259894
Reply with quote  #2

1542259894
Report to moderator
1542259894
Hero Member
*
Offline Offline

Posts: 1542259894

View Profile Personal Message (Offline)

Ignore
1542259894
Reply with quote  #2

1542259894
Report to moderator
1542259894
Hero Member
*
Offline Offline

Posts: 1542259894

View Profile Personal Message (Offline)

Ignore
1542259894
Reply with quote  #2

1542259894
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1542259894
Hero Member
*
Offline Offline

Posts: 1542259894

View Profile Personal Message (Offline)

Ignore
1542259894
Reply with quote  #2

1542259894
Report to moderator
MandexTer
Jr. Member
*
Offline Offline

Activity: 280
Merit: 7


View Profile WWW
May 30, 2018, 07:52:20 PM
 #2

that's sad... I participate in their ICO... Did this project another deception?! What a bad year - a lot of scams.

Borderless trading with the Jarvis Exchanges.
Buy Apple stocks with Bitcoin. Jarvis.exchange (http://Jarvis.exchange)
consar
Full Member
***
Offline Offline

Activity: 272
Merit: 100


View Profile
May 31, 2018, 04:30:04 PM
 #3

yeah, unfortunately i participated too.
coinadon
Newbie
*
Offline Offline

Activity: 98
Merit: 0


View Profile
May 31, 2018, 07:18:13 PM
 #4

Very provide, pkt have many users And this is a very bad thing. Let's see what happens In July, will investors for Playkey make a profit? Or just become a scam victim of Playkey
consar
Full Member
***
Offline Offline

Activity: 272
Merit: 100


View Profile
June 03, 2018, 11:17:25 PM
 #5

as you can guess, price hasn't moved a bit.
consar
Full Member
***
Offline Offline

Activity: 272
Merit: 100


View Profile
June 06, 2018, 08:33:58 PM
 #6

price is down 25% since the buyback.  Grin
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!