Eterbase turned out to be a scam!

[Bummers]

A while ago I found a thread on 4chan's 'biz' board about eterbase being setup and run by a company with a long history of running scams. Have a read for yourself here: https://archived.moe/biz/thread/13287892/

Huge red flag...which turned out to be true.

The latest medium post outlines what has since happened.

(basically it was set up by a group/company known for pulling huge scams, this was no different. They've now pulled an exit scam and left a few people behind who are trying to pick up the pieces apparently)

https://medium.com/@ETERBASE/introducing-eterbase-a-s-ac749f70782

"here were many important changes to the ETERBASE project in recent days and weeks. Firstly, due to publicized inquiries regarding the connections between the founders and Jeeves Group we have received an official resignation of all members of Jeeves Group from the board of ETERBASE AG in Liechtenstein."

"This unexpected resignation, however caused a major issue with the planned restructuring, administration capacity, official representation, compliance and banking partners to the degree that ETERBASE AG is not able to function as intended in this crucial moment.

ETERBASE a.s.

For this very reason we have decided to establish ETERBASE a.s. in Bratislava (Slovakia), where most of our development team and support staff was based to this point. We perceive Bratislava region as a future cyber-security hub with several high-tech companies already setting up major campuses to retain and hire top talent within the region."

If eterbase started as a scam, maybe it is now being run with the hope of being legit. If it is...it's got a long road ahead to meet it's original promises.

I cannot see it coming back from this, it was a scam from the start so no work has actually been done other than smoke and mirrors to pull investors in and sell the tokens. Now they hope to actually achieve what they said they would...except they are now 18months further on but starting from the beginning.

[guoyu78]

I don't think it's should be a surprise if any project in the crypto space turns out to be a scam, there is no regulation body in the world that controls the activities of crypto project in the world, and since everyone are free to operate freely without being watched, they can do whatever they like and get away with it, especially scamming others off their hard earn money in the name of bringing in something new in the crypto space that would be of benefit to all.

[NRista94]

https://eterbase.exchange/markets

[mrdeposit]

We should not erase the newly created exchange so easily. Any new listed scam coin does not prove that the exchange is scam. Give them a little more time, as far as I know they wanted to create a competitive exchange.

[elitemobb]

It seems to me that after such a scandal, the project will be very difficult to return to the confidence of the market and also to receive funds from investors in most cases after this kind of events, the project does not work because they simply do not believe it, but I hope that this project can do it and win market confidence and become a good exchange.

[profitgenerator212]

I commend the efforts put into these researches but what I want to know is, now that the team has been incrimited but the coin is still doing well at exchanges, shouldn't the writer of these FUD articles be chastised

[bttmember]

Really sad to know if true, recently i was hearing quite good stuff about this project but now all of a sudden all negative and scam accusations i think there is a requirement of a authority who can keep checks on these projects as we may not know if a project was planned scam or what happened to it and their should be a mechanism to protect investors as well.

[sabine80]

it is really scary that so many projects turn out to be scams. the list of serious projects is getting shorter and shorter. hopefully some serious projects left at the end. 

[Adriano2010]

I think all this projects and exchanges who turns into a scam affect the coins price, because people lose money there (bitcoin on 90% of cases) and scammers sell the coins on market and this may cause the price drop.

[okala]

it is really scary that so many projects turn out to be scams. the list of serious projects is getting shorter and shorter. hopefully some serious projects left at the end. 

The level of scam projects in the cryptocurrency space is on the increase because the demands for services as it relate to cryptocurrency is on the increase and at that fraudulent activities are trying to cash up on the found of others. Eterbase may have not pull out an exit scam but the reputation is already on the line since there are not painted as scam.

[casperBGD]

they seem pretty transparent regarding developments in the company, some people left, they changed HQ position, but planning to hire people and develop the product, which is good plan and transparency is here, should be monitored of course

[Wale777]

There have been a lot of allegations against exchanges such as hotbit for fake volume and now its Eterbase for scam, none of these claims have been substantiated though but the fact is there is no body probing or investigating such allegations

[warrior.coins22]

I never thought that ETERBASE turned out to be a SCAM. Maybe I need a long time to believe this news. And now I don't understand what to do, stay or leave as soon as possible. Honestly today I am sad to see this news. Please help me.

[kolonel_x]

if indeed EXBASE is a very disappointing thing and it is very unfortunate because they have already entered the coinmarketcap and I think that is an impossible thing. Even though the coin price is still very cheap, EXBASE is still pretty good

[Kingairdrop]

When i first heard of the scam from a friend about Eterbase turning scam i couldn't believe what i heard. But seeing it here and going through what you wrote, has given me clarity and i am truly sad about it. A friend of mine invested 5Eth and now its all gone now, such a sad news and this is why people are still scared of accepting cryptocurrencies because of scam projects.

[dark1234]

honestly, I still support this project until now in the latest bounty program managed by SAPTA, one of the local moderators
and if this project is a scam it would be nice to discuss it in the Trading Discussion> Scam Accusations (Moderator: Cyrus) so that we can prove in more detail

[cornl]

https://telegra.ph/Criminal-Complaint-Filed-Against-ETERBASE-06-13 - anyone knows what is that about? Do they have real problems now?

[Tervelatuk]

https://telegra.ph/Criminal-Complaint-Filed-Against-ETERBASE-06-13 - anyone knows what is that about? Do they have real problems now?

i think we have to do deep observation before called eterbase scam.its not only need one thing , but its very complicated to to be scam project.moreover eterbase building their reputation.i am sure it just fud.

[Tipstar]

Eterbase had red flags from the start. They have an insensitive team which doesn't answer any acquisition but starts blaming the accuser. They are doing a large promotion but I don't think they'll be able to pay as people now are cautious about where their money is going. They won't be able to scam a large sum.

[tabas]

They are doing a large promotion but I don't think they'll be able to pay as people now are cautious about where their money is going. They won't be able to scam a large sum.

But they have a bounty campaign manager that is reputable member of the forum. I think sapta will not put his reputation at risk if he knows that he's working to a bad project. I haven't digged up the issue regarding this but looking at the volume of their coin, it's huge IMO.