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Author Topic: Resto Token Is Now A Scam Project  (Read 243 times)
taguig
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February 16, 2019, 01:53:27 AM
 #1

They generated over ~$2,136,000 and they've got a good rating from these rating and ICO board like ICOBENCH
https://icobench.com/ico/resto

But now they are now a Scam after collecting money from investors

Official Announcement: https://bitcointalk.org/index.php?topic=5047108

All their channels are not accessible anymore, twitter, telegram medium

Another lost for investors and bounty hunters.
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February 16, 2019, 01:59:13 AM
 #2

There was something always off about this particular ICO and my gut was so right. How i wish i had dug deeper. i could have saved a couple of souls from sorrow.

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February 16, 2019, 04:10:52 AM
 #3

Nobody is safe if the project that is as good as this one is a scam site what can we look now at ICO they passed the verification test, they boasted that they have a working platform and they are no complaints prior to posting this, this is how risky ICO has become.



.
.BIG WINNER!.
[15.00000000 BTC]


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February 16, 2019, 04:11:18 AM
 #4

Quoted for reference, because I am going to tag bounty manager.

Hi there
We're sorry that it wasn't clear enough here.
Some of our team members who didn't have us on their Linkedin's are confirming their position in the project there right now, and they will confirm the data if you contact them.

Our project is also being verified by IcoHolder listing service, which already verified 2 of our team members.
Bounty manager was part of this project. Clearly he/she mentioned our team/project. So no doubts he/she was a part of that project, not only bounty managers. Seems BM offline from long time. No any update, all social media is inactive. We can mark it a exit scam.

Archived  ANN thread for future reference.





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.




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February 16, 2019, 06:26:08 AM
 #5

Quoted for reference, because I am going to tag bounty manager.

Hi there
We're sorry that it wasn't clear enough here.
Some of our team members who didn't have us on their Linkedin's are confirming their position in the project there right now, and they will confirm the data if you contact them.

Our project is also being verified by IcoHolder listing service, which already verified 2 of our team members.
Bounty manager was part of this project. Clearly he/she mentioned our team/project. So no doubts he/she was a part of that project, not only bounty managers. Seems BM offline from long time. No any update, all social media is inactive. We can mark it a exit scam.

Archived  ANN thread for future reference.
Probably a bought account that the CMO or CEO bought to run the bounty campaign on under the facade of being a trusted member.

Account's last post was back in JAN 2016, quoted below.

Here is the link - https://www.coinimal.com/ - you can even get 5 USD for free Wink

you need verification for that, if it was 50 maybe, i would do it it, but for 5 only i prefer to be anonymous

I am using https://buybitcoins.io/ because they never ask for any documents and you don't need ANY verification, also you could buy up to 12 Bitcoins per trade.

And the next one that was made was the bounty campaign post, which was Oct 2018, making it close to 2 years of inactivity.

Sucks someone didn't catch this earlier, maybe the ~2,000,000 scammed would have been lower.

Although, their Telegram and Facebook accounts are still available (Twitter was suspended). See below for screenshots.

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February 17, 2019, 01:00:29 AM
 #6

They have passed KYC in ICOBENCH so investors know who can they run after, this is one good example of why investing in ICO is not attractive anymore and not worth promoting, even a good and legit project can run away with your money it has become so easy for scammers to do this.



.
.BIG WINNER!.
[15.00000000 BTC]


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February 17, 2019, 01:23:21 AM
 #7

They have passed KYC in ICOBENCH so investors know who can they run after, this is one good example of why investing in ICO is not attractive anymore and not worth promoting, even a good and legit project can run away with your money it has become so easy for scammers to do this.

Not necessarily, they probably just bought Identities of other people for a few bucks. 

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February 17, 2019, 02:29:48 AM
 #8

They have passed KYC in ICOBENCH so investors know who can they run after, this is one good example of why investing in ICO is not attractive anymore and not worth promoting, even a good and legit project can run away with your money it has become so easy for scammers to do this.
Most of the so called ICO ratings websites are no longer trustworthy especially ICOBench. I have seen so many scam ICOs get their teams "verified" there.
It's so sad how money can really corrupt people this much Sad

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February 17, 2019, 04:09:53 AM
 #9

They have passed KYC in ICOBENCH so investors know who can they run after, this is one good example of why investing in ICO is not attractive anymore and not worth promoting, even a good and legit project can run away with your money it has become so easy for scammers to do this.
There was a project a couple months back, I can't remember the name, but I think the bought like 4-5 professional ratings on ICObench for a grand or so, and I think either they stole identities off the dark web, or just paid icobench to turn a blind eye.

Don't trust the rating sites, most of them are either corrupt, or they don't care enough to have accurate ratings. Do your own research.
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February 17, 2019, 04:14:12 AM
 #10

^ Exactly don't even trust coinmarketcap, they have fake volumes and also manipulate prices as well.  They also run scam ads if you pay them enough money.  Can't trust bitmex either, trading against their own customers.
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March 06, 2019, 12:39:48 PM
 #11

Damn the site is a certified scam but those people on ICOBENCH are keeping it's high rating https://icobench.com/ico/resto
this proves that this is a paid rating because if they are that honest they will bring down the rating to 2 from 4.3 this is a big blow to ICOBENCH.



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March 06, 2019, 03:08:38 PM
 #12

Everything looks perfect on this ICO that is why scam catchers did not catch this one it's almost perfect, they passed every criterion on what a good ICO just takes a lot on those big media write-ups, so compelling that you will want to invest on this one.



.
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[15.00000000 BTC]


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April 12, 2019, 12:52:08 PM
 #13

March 21, the admin answered in the telegram official channel

Alf | Restotoken, [21.03.19 12:56]
Hey, we`ll come to exchanges soon

Alf | Restotoken, [21.03.19 12:56]
keep for updates

Alf | Restotoken, [21.03.19 12:57]
we work hard on our product


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April 13, 2019, 06:03:05 AM
 #14

March 21, the admin answered in the telegram official channel

Alf | Restotoken, [21.03.19 12:56]
Hey, we`ll come to exchanges soon

Alf | Restotoken, [21.03.19 12:56]
keep for updates

Alf | Restotoken, [21.03.19 12:57]
we work hard on our product



Then we'll see if they are going to list their coin, but if they are really honest and transparent, they should have posted here or in their announcement thread so people who invested here will have an update, but until they announce listing, they are considered a scam.

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EARN
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.

|
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April 13, 2019, 08:47:55 AM
 #15

Its really concerning to hear about this kind of scam projects regularly. Honestly its true that ICOs have been a common trap for worldwide investors nowadays. I don't know why people believe on these fake ratings where scammers can easily get it by paying a small amount fee from those meaningless ICO listing websites.   

We have seen so many examples  in the  past where scam projects use those listing sites fake ratings to gain investors fund. This fake ratings are nothing but a way of encouraging scammers IMO. 





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April 13, 2019, 04:06:35 PM
 #16

March 21, the admin answered in the telegram official channel

Alf | Restotoken, [21.03.19 12:56]
Hey, we`ll come to exchanges soon

Alf | Restotoken, [21.03.19 12:56]
keep for updates

Alf | Restotoken, [21.03.19 12:57]
we work hard on our product



No don't believe they are trying to shill their token so they can scam people again, this is not how a legit projects works, they regularly update their investors and supporters and they answer all questions, what they are doing is very common among scammers.



.
.BIG WINNER!.
[15.00000000 BTC]


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