[SCAM] ChainX Exchange & Emjac IEO

[Kemarit]

Probably just another P2PB2B exchange in the making. For those who are not familiar with this exchanges, it suddenly shoots up to the top 1 in CMC as far as exchanges is concern. So it's pretty obvious that it has caught a lot of attention and it was found out that they are doing wash and fake volume trading.

So a mid-tier exchange launching an IEO is a red flag indeed. If Emjac really wanted to get their project on the top pages, better involved themselves with solid and reputable exchanges such as Binance. And now they've been exposed already and definitely will backfire on them.

[antsam]

If this information is true, then this is a big scandal in the world of crypto. The people behind this all deserve to be rewarded, because many people's funds are at stake. More and more fraudulent exchanges require us to be more careful in choosing IEO projects

It looks like this case has been picked up by Crypto Vigilante Network, and verified to be true.
https://t.me/cryptovigilantenetwork/70678

Everyone be careful of ChainX and ICO Pantera! Stay away from scammers like them!

It is because of this that regulation needs to exist, but with regulation the initial purpose of cryotp is gray. But for the sake of safety all things like this need to be banned the culprit must be arrested

[Flush-Grey]

Probably just another P2PB2B exchange in the making. For those who are not familiar with this exchanges, it suddenly shoots up to the top 1 in CMC as far as exchanges is concern. So it's pretty obvious that it has caught a lot of attention and it was found out that they are doing wash and fake volume trading.

So a mid-tier exchange launching an IEO is a red flag indeed. If Emjac really wanted to get their project on the top pages, better involved themselves with solid and reputable exchanges such as Binance. And now they've been exposed already and definitely will backfire on them.

I agree 100% with your analysis, although I have to say that it is not often that projects can get on Binance launchpad.

You are also right in saying that ChainX is trying to be like p2pb2b. As shared above, they have come up with false marketing from ICO Pantera, which is a sister company to ChainX and are now being exposed. This needs more eyeballs.

[Flush-Grey]

If this information is true, then this is a big scandal in the world of crypto. The people behind this all deserve to be rewarded, because many people's funds are at stake. More and more fraudulent exchanges require us to be more careful in choosing IEO projects

It looks like this case has been picked up by Crypto Vigilante Network, and verified to be true.
https://t.me/cryptovigilantenetwork/70678

Everyone be careful of ChainX and ICO Pantera! Stay away from scammers like them!

It is because of this that regulation needs to exist, but with regulation the initial purpose of cryotp is gray. But for the sake of safety all things like this need to be banned the culprit must be arrested

I fully agree. We need specific regulations to stop such bad actors, but not harm the entire crypto development as a whole.

That's why community like us has to self regulate and make sure bad actions like those of ChainX and ICO Pantera is well known. We keep vigilant.

[Mianae]

One thing that you should remember if you must never try to believe the information already published by CMC. In coingecko and chainex placed more than 150 https://www.coingecko.com/en/exchanges/chainex
Basically what scheme that has already made by chainex is not even getting the real funding.
This is pure manipulated by chainx.
This scheme was also happening with p2pb2b. Just hope everyone will aware about this and they can start to avoid the scam exchange site.

Exactly. CMC is not trustworthy, Coingecko trusted score is much better.
I also agree with you that p2pb2b and chainx are not to be trusted.

Take care everybody! Hodl on but be careful of scam exchanges!

Wow there's no point accusing CMC they report what their algorithm picks across these exchanges it's not a manual stuff maybe coingecko has a better means of reporting fake and real trade volumes but suffice me to say that most exchange engage in wash trades as well.

[Flush-Grey]

One thing that you should remember if you must never try to believe the information already published by CMC. In coingecko and chainex placed more than 150 https://www.coingecko.com/en/exchanges/chainex
Basically what scheme that has already made by chainex is not even getting the real funding.
This is pure manipulated by chainx.
This scheme was also happening with p2pb2b. Just hope everyone will aware about this and they can start to avoid the scam exchange site.

Exactly. CMC is not trustworthy, Coingecko trusted score is much better.
I also agree with you that p2pb2b and chainx are not to be trusted.

Take care everybody! Hodl on but be careful of scam exchanges!

Wow there's no point accusing CMC they report what their algorithm picks across these exchanges it's not a manual stuff maybe coingecko has a better means of reporting fake and real trade volumes but suffice me to say that most exchange engage in wash trades as well.

Still... if CMC is considered the one source of truth for many people in the crypto space, then it has to be able to root out bad behavior from exchanges like ChainX which is just washing their way up or planning bad IEO together with ICO Pantera!

[jacafbiz]

I do not know what the OP stand to gain in all these saga, because the way he is going about it, it seems it is personal to him/her.

I am always skeptical of all these exchanges that people rarely use, low liquidity having huge trading volume. even I blind man will know that this is an obvious scam. What the OP presented is not new, we have seen this over and over again played out in the space, I do pity all these retail investors because the game has already been rigged against them.

[Flush-Grey]

I do not know what the OP stand to gain in all these saga, because the way he is going about it, it seems it is personal to him/her.

I am always skeptical of all these exchanges that people rarely use, low liquidity having huge trading volume. even I blind man will know that this is an obvious scam. What the OP presented is not new, we have seen this over and over again played out in the space, I do pity all these retail investors because the game has already been rigged against them.

I am OP, and this case is indeed personal to me!

[Flush-Grey]

Looks like Emjac are in trouble now after being exposed.

[forexandcryptoauditor]

For investment purpose now I strongly believe that we should opt ieo only those held on top exchanges. This will give at least some guarantee about project.
We should stay away from new exchanges.

[Flush-Grey]

For investment purpose now I strongly believe that we should opt ieo only those held on top exchanges. This will give at least some guarantee about project.
We should stay away from new exchanges.

Yea the issue is not every project gets to go on Binance. Also, it must be prohibitively expensive to do so. What happens then is that some smaller exchanges will fill the demand but some of them are just so untrustworthy like ChainX and ICO Pantera!!!

[Flush-Grey]

For investment purpose now I strongly believe that we should opt ieo only those held on top exchanges. This will give at least some guarantee about project.
We should stay away from new exchanges.

Yea the issue is not every project gets to go on Binance. Also, it must be prohibitively expensive to do so. What happens then is that some smaller exchanges will fill the demand but some of them are just so untrustworthy like ChainX and ICO Pantera!!!

Emjac has started to sue 4 members of their core team after this news has been exposed. **Grabs popcorn**

[Flush-Grey]

For investment purpose now I strongly believe that we should opt ieo only those held on top exchanges. This will give at least some guarantee about project.
We should stay away from new exchanges.

STAY AWAY FROM SCAM SCAM SCAM CHAINX!!

[xvids]

This is the reason why I don't trust the new exchange platform they are manipulative I am not saying all of them are.
And also the reason why I don't trust the IEO's that came out from P2PB2B as I see it most of their project always end up dumping or low value.
And their exchange has been having negative feed backs for so long.

[WalkerIVIV]

For investment purpose now I strongly believe that we should opt ieo only those held on top exchanges. This will give at least some guarantee about project.
We should stay away from new exchanges.

Yea the issue is not every project gets to go on Binance. Also, it must be prohibitively expensive to do so. What happens then is that some smaller exchanges will fill the demand but some of them are just so untrustworthy like ChainX and ICO Pantera!!!

Emjac has started to sue 4 members of their core team after this news has been exposed. **Grabs popcorn**

Lol it looks like that this case will be even worst in the future as i believe more problem will come for this shitty scam IEO. Im also watching the drama that has already created by this scam project.

[Flush-Grey]

This is the reason why I don't trust the new exchange platform they are manipulative I am not saying all of them are.
And also the reason why I don't trust the IEO's that came out from P2PB2B as I see it most of their project always end up dumping or low value.
And their exchange has been having negative feed backs for so long.

So true. And now we know why! From this document, you know that exchanges like ChainX and P2PB2B are colluding against its users to dump the token price against the users like the users are food for chickens.

I hope someone sues them for illegal behavior or collusion.

[Flush-Grey]

For investment purpose now I strongly believe that we should opt ieo only those held on top exchanges. This will give at least some guarantee about project.
We should stay away from new exchanges.

Yea the issue is not every project gets to go on Binance. Also, it must be prohibitively expensive to do so. What happens then is that some smaller exchanges will fill the demand but some of them are just so untrustworthy like ChainX and ICO Pantera!!!

Emjac has started to sue 4 members of their core team after this news has been exposed. **Grabs popcorn**

Lol it looks like that this case will be even worst in the future as i believe more problem will come for this shitty scam IEO. Im also watching the drama that has already created by this scam project.

Emjac seems to not even be replying this thread anymore. They are running and hiding.

[joinfree]

Woww, thanks for this heads up @OP because I was thinking of really going on into that project. It's too bad that these days all projects want to pay for exchanges to manipulate their coin on an exchange. I guess we have to be extra vigilant these days as these altcoin scams have started rising.

[Flush-Grey]

Woww, thanks for this heads up @OP because I was thinking of really going on into that project. It's too bad that these days all projects want to pay for exchanges to manipulate their coin on an exchange. I guess we have to be extra vigilant these days as these altcoin scams have started rising.

You are welcome. I think altcoin scams have always been high. The problem is that they find a complicit exchange that is willing to scam their users for a few dollars. In this case, ChainX is some new exchange with no new users so they can easily wash the volumes to sky high since its only machines and bots there.

What this also means is that when you conduct an IEO on ChainX, unless you scam people, you cannot succeed, since there's no one there!

Be vigilant everyone!

[Kotone]

Looks like Emjac are in trouble now after being exposed.

Not just in trouble but totally will be put in jail and must go to court for trial. People should be more wary about this projects that are collaborating with exchange just to fool people. Good thing I didnt pursue joining with their campaign last year which was halt due to some problems and conflict. Anyway, their project deserve to lose credibility for doing this expose on market.

Too bad for chainx they just started and now they are busted. I assume they will lose users slowly.