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Author Topic: CRYYPTO.COM - Plagiarized Whitepaper - Scam  (Read 810 times)
deception1359
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February 19, 2019, 08:14:52 AM
Last edit: February 27, 2019, 03:51:51 PM by deception1359
Merited by bones261 (2), bubbalex (1), ICOEthics (1)
 #1

ICO Name: CRYYPTO.COM

ANN Thread: https://bitcointalk.org/index.php?topic=5111344
Archived: https://archive.is/oKVXv
Bounty Thread: https://bitcointalk.org/index.php?topic=5111354.0
Archived: https://archive.is/Sgblh



Scammer Website: https://www.cryypto.com
Whitepaper: https://s3.amazonaws.com/cryypto/media/download/whitepaper.pdf
Archived: http://web.archive.org/web/20190219080150/https://s3.amazonaws.com/cryypto/media/download/whitepaper.pdf

Reason: Whitepaper plagiarized from "Blockchain.io"
Source: https://blockchain.io/wp-content/uploads/2018/09/BCIO_Whitepaper.pdf


Comparison below. In order from the top down. CRYYPTO >> Blockchain.io

They change some sentences but not important.


Source from WPP of Blockchain.io.



And more proof:





I visit website of CRYYPTO.COM. I can not find team member of this project.
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Decoded
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February 19, 2019, 10:52:51 AM
Last edit: February 19, 2019, 11:09:44 AM by Decoded
 #2

I'm managing their current bounty, will look into this now. Seems like an oversight in our due dilligence. Thanks for bringing this to my attention.

looking for a signature campaign, dm me for that
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February 20, 2019, 04:45:16 PM
 #3

Good job, OP. Than more people will join to exposing scams - than better community we will have.

I'm managing their current bounty, will look into this now. Seems like an oversight in our due dilligence. Thanks for bringing this to my attention.
Good that you stopped bounty, but why ANN still active?

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February 20, 2019, 07:51:18 PM
 #4

Good that you stopped bounty, but why ANN still active?

Bounty and ANN are not active at the moment. If you find other posts please post a link to the thread here.

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February 20, 2019, 08:36:54 PM
 #5

I'm managing their current bounty, will look into this now. Seems like an oversight in our due dilligence. Thanks for bringing this to my attention.

Kudos for looking into it, bud.

IAO Launchpad Coming Soon
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February 21, 2019, 12:14:18 AM
Merited by bones261 (2)
 #6

Hey everyone, I just wanted to update everyone on the situation here.

I have had long talks with the people behind the project and was able to clear up some things. First things first, they did outsource the creation of their whitepaper. This was a bad move on their side, but it is not deserving of them losing all their reputation. I have been informed that they personally will be re-writing the whitepaper, which will be live soon.

Onto the team profiles issue, they have told me that they will be adding team profiles next week when their ICO starts. Here is their LinkedIn company page anyway, but keep in mind it will not be up on the site until next week. https://www.linkedin.com/company/cryypto-com-token-exchange-platform/

Please let me know what you think about this, I believe that they have released sufficient evidence that they have made mistakes rather than a scam. We will not be releasing ANN and Bounty just yet, but are looking to do so once everything (whitepaper, profile, etc) has been cleared up.

looking for a signature campaign, dm me for that
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February 21, 2019, 03:27:17 AM
 #7

I think they will find another way to get past us. It is very difficult for the community to trust Cryypto.com again.
In addition, they have spent a lot of money to invest in project such as website design, logos, buying domain names ... I think they will not easily see a project labeled fraud.
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February 21, 2019, 07:59:22 AM
 #8

A project that outsources their whitepaper, and doesn't even properly check the final product, shouldn't be trusted imo. It's not hard to check if a whitepaper has been plagiarized so why didn't they find it?

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February 22, 2019, 03:06:25 AM
 #9

Here is what the cryypto rep said -

Quote
No, it's not hard to check. But we had a bigger fish to fry aka launch the trading engine. It hasn't developed itself. I dont know what the meaning of oversight where he is from, but it was an honest mistake. We trusted the wrong guy. We know our strenght and we know our weaknesses. And writing white paper was always to be given to someone who is a professional in the field. Clearly that did not happen in this case. We've outsourced bounty program too, because we want to focus on our product and grow it and not learn new skills.

They might have missed a step, but I'm not sure it's fair for them to lose all their reputation from this. You're calling them out for being a scam because they outsourced the writing of their document, and a portion of it was copied. Not sure how to proceed here.


I think they will find another way to get past us. It is very difficult for the community to trust Cryypto.com again.
In addition, they have spent a lot of money to invest in project such as website design, logos, buying domain names ... I think they will not easily see a project labeled fraud.

Not sure what you mean by that third sentence. But the community won't trust an ICO because they outsourced their white paper? You came to me begging for merits man, if this ICO was a confirmed scam or this was solved, I would've given you merits, but not if you come to me asking...

looking for a signature campaign, dm me for that
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February 22, 2019, 02:18:01 PM
Last edit: February 22, 2019, 03:00:41 PM by bubbalex
Merited by DarkStar_ (4), deception1359 (1)
 #10

Here is what the cryypto rep said -
Quote
No, it's not hard to check. But we had a bigger fish to fry aka launch the trading engine. It hasn't developed itself. I dont know what the meaning of oversight where he is from, but it was an honest mistake. We trusted the wrong guy. We know our strenght and we know our weaknesses. And writing white paper was always to be given to someone who is a professional in the field. Clearly that did not happen in this case. We've outsourced bounty program too, because we want to focus on our product and grow it and not learn new skills.
They might have missed a step, but I'm not sure it's fair for them to lose all their reputation from this. You're calling them out for being a scam because they outsourced the writing of their document, and a portion of it was copied. Not sure how to proceed here.
As a bounty manager, I can understand why you are protect the project and want to clarify the situation, but! We have seen hundreds of examples, when the team began to defend itself after the accusations, can we just believe to their words? If I launch a scam tomorrow and answer all the accusations - the site was made at an outsourcing, wp too, the fake team is a stock photo from a template for the site and now I’ll fix everything, we’re not scam, but I will not give you any proof. How do you see it? I still don't blame the project or you, but I am sure that the arguments in defense should be more powerful, screenshots, links, something that will prove that they wasn't aware of deception on the part of creator of the whitepaper. For now we only have their word against the facts from OP. This is of course extremely convenient - you were accused of scam - you will fix everything and there will be no evidence left. It is really extremely difficult to restore the reputation after such accusations, I don't even know what they can do for this. Perhaps ICOEthics are more informed about how to do this. By experience, the forum community practically doesn't give a second chance. In any case, if they are so keen on development, they should have hired an experienced person, it is really difficult to invest money in a project that makes such mistakes, this is not professional, in the current market it is almost impossible to succeed in raising funds, especially after such accusations.

Decoded, I was in your situation in past, best way for me was to close threads and stop partnership with project, good luck to you with this situation. I think the continuation of support for this project may lead to the loss of your reputation, there must be a quick and weighty response to the charges or you should stop working with them.

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February 24, 2019, 11:09:57 AM
 #11

Very correct words. The beginning of trust in the project begins with the manager. It must be prepared not to accept a dubious offer from an unreliable resource.
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February 25, 2019, 08:20:03 AM
 #12

They created a new bounty topic.
https://bitcointalk.org/index.php?topic=5114027.msg49909560#msg49909560
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February 25, 2019, 12:30:25 PM
 #13


Do you think the new manager should be tagged so those bounty hunters who're not aware will have a second thought about the manager having a red trust? Also the manager was recently woke up from a long period of inactivity.

Link to new managers profile: https://bitcointalk.org/index.php?action=trust;u=137131
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February 25, 2019, 07:02:36 PM
Last edit: February 25, 2019, 09:04:42 PM by bubbalex
Merited by 2chase (1), Yucco (1)
 #14

SCAM accusion.
Hello deception1359,
The cryypto team has already addressed these accusations. Their whitepaper has been taken offline for a short amount of time and is being fixed by their team right now. Cryypto has spent a lot of time working on their product and has no intention of scamming anyone. Decoded and Cryypto have parted ways and I am currently taking charge of these threads.
One more account related to their team. They are thinking that they already answered to accusations, but they not. Also Decoded stopped their partnership, so it seems even more suspicious. They used same spreadsheet as in previous bounty.

Coinrizon

New ANN - https://bitcointalk.org/index.php?topic=5114024
Archived - https://archive.is/GaHds
New Bounty - https://bitcointalk.org/index.php?topic=5114027
Archived - https://archive.is/nIeUR

xypos (This user recently woke up from a long period of inactivity.) definitely informed about this accusations and should answer here with team, I don't think that they have any proofs. It's seems like scam, just removed previous threads and launched new without any answers on accusations. It's just stupid - no, we not scam, we just ordered WP from outsource and now we will change all plagiarism.

I am not a part of this the team, and am not responsible for any actions that the Cryypto team may partake in. The moderator of this thread will be Coinrizon, please DM him for all issues/questions.
Yes, you are responsible for promoting scam, but it seems like account was bought/stolen. Should we neg tag him for this? I'll wait a while, but nothing looks like they can prove their honesty.

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February 25, 2019, 08:23:06 PM
 #15

This is interesting and a bit troubling to see. I tried registering for their website to see if the ICO was going on yet... and no email for the registration. Again, if it seems too good to be true... it probably is!!! We will see where this goes. If the devs can prove to me that this is not a scam I will be much more at ease that their back end just need some work.

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February 25, 2019, 08:46:05 PM
 #16

The bounty manager
"xypos has been tagged by Darkstar on 2016 (neutral, use of alt)

Love his opinion concerning plagiarism  Grin

Thanks for doing this. The forum is a much better place without all these plagiarizers.

most of these people probably can't speak english fluently and still want to benefit from their campaigns or whatnot.

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February 26, 2019, 02:15:30 PM
 #17

So, need tag new bounty manager for promote scam ico or not?
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February 26, 2019, 02:39:39 PM
 #18

Did CRYYPTO avail the services of Eduardo G in Bitcointalk? If so he deserves to be tagged here in the forum, whitepaper plagiarizers like this one deserves to be identified so that less Legit ICOs would be destroyed because of plagiarized whitepaper. I have tagged a lot of ICOs due to plagiarized content before and most of their reason are they have outsourced their whitepaper which majority of them have not provided any convincing evidence to support their claim unlike in this situation where it is pretty convincing to me that the devs really don't have any idea on the plagiarized whitepaper.

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February 26, 2019, 07:04:47 PM
 #19

I don't get it, So the project spam and they create new bounty thread in just four days, how that?,
First bounty created and paused 18 february and the second bounty thread created in 25 february

Link to old thread : https://bitcointalk.org/index.php?topic=5111354.msg49801312#msg49801312
Link to second thread : https://bitcointalk.org/index.php?topic=5114027.msg49909541;topicseen#msg49909541

Any body can explain to me, i don't understand anything
Two thread in just 6 days
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February 26, 2019, 07:07:42 PM
 #20

Good that you stopped bounty, but why ANN still active?

Bounty and ANN are not active at the moment. If you find other posts please post a link to the thread here.

This is the new ANN, but i don't know if spam or no

https://bitcointalk.org/index.php?topic=5114024
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