Bitcoin Forum
May 05, 2024, 08:25:20 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Reporting a scam IDCM exchange. Could become the next exit scam.  (Read 153 times)
btcxqueen (OP)
Newbie
*
Offline Offline

Activity: 1
Merit: 0


View Profile
February 14, 2019, 08:33:12 AM
 #1

As many users would know, IDCM is one of those scam exchanges with highly questionable liquidity and solvency. It is run by a bunch of Chinese fraudster whose motives is not aligned with that of the users. We would not be surprised if one day this exchange disappears like MtGox and takes all user assets with them.

A previous post on bitcointalk about questionable business behavior between IDCM and the ETU coin:
https://bitcointalk.org/index.php?topic=4905509.0

For a start, have a look at the management team. It appears most of the management team come from Asia:
https://imgur.com/a/3dMgzP6

Taking some content from the previous post on the forum, it's not surprising that this exchange is setting up to become an exit scam. It checks all the boxes to become an insolvent operation, where the operators walk off with all the user assets.

----------

Reporting Scam Project ETU (Ether Universe) and IDCM exchange.

First of all, I gonna talking about ETU and what scam they did to the community that supported them from the first day.  ETU is a project of cross-chain 3.0 network that launch ICO and and raised a large amount of investment with a huge community of 160k members. Without the huge support of community they would never have successful ICO like that.  To get support from us, they give us 2 airdrop campains. The first airdrop finish before 1st April that give each member 8888 etu and 8888 each referals. The distribution will be 1st April but they delayed it to end of April but when the time come they continue delayed it to end of May. But untill July there is no ETU distributed to community.
From July they have a new airdrop campain with 888 ETU for each airdrop and 888 ETU for each referal, we continue supporting them even they haven't distributed the airdrop 1. From that they force us to register on and KYC a new exchange call IDCM, both projects come from China. We refused and suggest them to send us the token directly to our private address but they rejected our request hardly. They said we have to KYC on that strange and unsafe exchange or we have to forget our token. Deadline to distributed is 27th July for both airdrop 1 and airdrop 2. The problem is ETU confirm that ETU have no partnership with IDCM and we have to KYC for 8888ETU (about 5$) when withdraw fee is 2500ETU (LOL). And when we as IDCM about "do IDCM related about airdrop of ETU? or not?" they refused to confirm or didn't give us any announcement about that problem. IDCM try to make us confuse between distribution of ETU airdrop and Register IDCM reward (288etu).
BUT WE DID ALL OF THAT REQUIREMENT.
But 27th July, they continue delay it to 1st August. On 1st August they continue delaying to 6th August. On 6th August, they send us 288 ETU of register reward (which doen't worth a cent because minimum trade is 1000 ETH and withdraw fee is 2500 ETU). ETU said they will distribute airdrops after 15th August when ETU is listed on IDCM meanwhile IDCM keep silent weirdly. Today is 16th August, ETU is listed on IDCM but no airdrop is distributed.
We asking for a explaination but ETU refuse to give us answer or distribute airdrop. Only Bot automatically answer us in common information. Meanwhile IDCM exchange officially have an annoucement that IDCM is not related to ETU distribution after the community asking too much.

The problem is ETU betrayes our trust and selling our information to a strange and unsafe exchange. We help them grow bussiness but they broke their promises time after time. And IDCM support ETU and help them hinding the information from community. Both project come from China and if only fools beleive that they have no partnership.

I wrote this article to share about this scam of 2 projects ETU and IDCM exchange. Hope you guy don'tinvest on ETU trading or join IDCM ICO or IDCM trading untill they have a solution for this mess. Please share this message till ETU and IDCM distribute airdrop or IDCM DELIST ETU...

*Note: in July, ETU have annoucement that they will be listed on FCOIN on 1st August and their is a bonus 5% for depositing on Fcoin. But Fcoin confirm that there is no listing ETU and no Bonus deposit campain on Fcoin as ETU said. And now there is still a problem to withdraw ETU from Fcoin.

I have been retricted from writing on etu group. Let us share this message to community and media as bitcointalk
1714897520
Hero Member
*
Offline Offline

Posts: 1714897520

View Profile Personal Message (Offline)

Ignore
1714897520
Reply with quote  #2

1714897520
Report to moderator
1714897520
Hero Member
*
Offline Offline

Posts: 1714897520

View Profile Personal Message (Offline)

Ignore
1714897520
Reply with quote  #2

1714897520
Report to moderator
1714897520
Hero Member
*
Offline Offline

Posts: 1714897520

View Profile Personal Message (Offline)

Ignore
1714897520
Reply with quote  #2

1714897520
Report to moderator
Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714897520
Hero Member
*
Offline Offline

Posts: 1714897520

View Profile Personal Message (Offline)

Ignore
1714897520
Reply with quote  #2

1714897520
Report to moderator
kaito.
Member
**
Offline Offline

Activity: 336
Merit: 11


View Profile
February 15, 2019, 06:01:19 PM
 #2

if you want to report a scam then first you should move this thread to scam accusation boards. if you want more people aware of this. and there also form for it. Scam Report Format
                                                                                                                                       
to move the thread look for the "move topic" button (on bottom left of that page).
Don't forget to remove the tick from "Post a redirection topic." on the next window.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!