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January 05, 2019, 11:43:36 AM |
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Hello everyone,
In this post, I'll expose 3 scams created by the same person (Shezhad), hoping that you will avoid them and thus won't lose any crypto in investing in these projects.
First of all, Litrabit.
I was approached by the CEO, Shezhad, asking me to handle the project management. After a few days, I realized that the project was completely empty, that there was no company behind it and that the products introduced where only lies.
For example, they were talking about a litrabit credit card but they literally had no idea how to make a credit card nor how to link it to a crypto wallet.
They also claimed they wanted to distribute litrabit's profit to investors but they then admitted it was just a way to collect more money during the ICO.
I decided to leave the project in a heartbeat and exactly what I suspected happened :
They collected more than 100k in the ICO and Shezhad ran away with the money.
He then offered his help on various project like TTT and Cewnote, claiming he was innocent in Litrabit, but there again, he made fake promises and stole some money from the projects.
Now, Seyblock.
First of all, there is no official team behind the project, nor any company. When you pm the telegram admins, they all claim to be the CEO of Seyblock but the truth is there is only one man behind the fake accounts : Shezhad.
Seyblock is XLM based because it's the only way he can get a free listing.
Now in order to get some cash out of an empty project, they try to sell a bounty "spend your money on buying sey tokens on the exchange and get a small seyblock tip".
This is just a fallacy to sell all the team tokens and leave the project to move to Hitbitex.
Let me quote the empty seyblock whitepaper :
"We are not doing probably an ICO. We are going directly on exchanges with the time we will
develop our new services and new platforms which is given below in a roadmap.
Team: 6% tokens.
Development: 17% Tokens
Airdrops and bounty: 33% Tokens
Token Sale on Exchange: 44% Token"
They are literally saying they won't do an ICO and then say the ICO token sale is happening on the exchange, which means that all the sell orders are team tokens trying to be sold for cash before leaving the project empty.
Moreover, when a team uses only 17% of the resources to actually work on the project, you can imagine that nothing will ever be delivered.
I confronted the so called seyblock team and they quickly removed shezhad's official account from the admins, but you can still go back in time in the chat and see he is here.
Moreover, I then confronted the scammer seyblock CEO himself and he offered 800 000 seyblock to keep it low. Of course I have screenshots of the conversation if anyone is interested.
You can check all this by yourself, simply ask the team to show their faces on skype, to show any kind of development or mvp or simply a company registration.. of course you won't have any answer and will be kicked from the telegram group.
And finally, Hitbitex.
The project is not yet released but the token is created and so is the website.
There again, you can easily recognize the same scams seen on Litrabit : a fake credit card, a fake profit share and a lot of fake promises.
No real company created, a fake CEO and the same scammer Shezhad behind the project.
They have offered me shares in this fraud along with the seyblock tokens not to report all those frauds to the Pakistani Police.
I declined and I am here now to expose all this.
If you have lost money or time on any of those 3 projects, feel free to answer here or contact me on telegram @NicoSpun to gather more proofs.
A police action is currently on preparation and will be officially sent in a few days.
Don't fall for fake projects and easy airdrops, especially if they are asking for payments after.
Have a good day.
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