[SCAM] ChainX Exchange & Emjac IEO

[Flush-Grey]

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.

Everything that is not regulated by regulation will always be open for Fraud, so inevitably Crypto must be regulated to minimize even though the crypto spirit will fade

Yes, but to openly be so open about scamming your own investors is ccrazy. Chainx exchange and ICO Pantera have to go to jail!

That will happen if there will be someone who can create a report to he sent to the regulators and we have seen so many scammers are getting jailed caused by some US investors have created scam report and SEC was processing it. That's why regulation is really needed in the crypto currency.

Fraudsters are always looking for ways to take advantage of all the gaps, inevitably regulation is really needed so that all parties are guaranteed especially investors. If the regulation is clear, the Pantera Chain X and ICO may be jailed

Yes, in fact crypto will also be very good if it is regulated in regulations, because it can eradicate scammers who are already very rampant at this time, only when there are rules, how the procedure works will also be different and it will also affect the progress of crypto itself.

Crypto started out because it wanted to avoid the centralization of regulations, yet now it is being forced into what it did not want to be part of in the first place, under the guise of financial crimes...

The current financial system which is old and full of regulations can be used by fraudsters, especially Crypto, which has almost no regulation in many countries. That's why I feel like inevitably the regulation is necessary even though the crypto spirit will fade a little, but for the sake of security of all parties

True...

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[memed97]

We should stay away shit exchanges, what they do is drive token price follow their intention, dump & pump and steal our money.
Thanks for notice, I joined Emjac airdrop longtime ago, last year, didn't receive anything, now i know the reason. 

It's a relief if you already know the reason for not getting anything from Emjac, because they have made manipulations since the beginning of the campaign.

Yea me too. Super salty...

Somewhere above, it was written that they sued their former co-workers

Whatever they demand if the project is not clear, then they also won't get anything from their work, once or twice maybe they can get money through investors, but the third time I think they will get nothing, because once they cheat , then everyone will label them as cheats for life.

[Lordhermes]

A week ago I asked a friend to help investigate ChainX ideology and the exchanges volume, liquidity and all that, and clearly stated, Chainx is a new exchange now conducting series of IEO at a time just like the way P2pb2b and Probit currently doing. From what I know, Crypto exchange had to be stable and volume free before conducting Funds raising system. Imagine new sells out IEO in just 15 minutes time, this isn't possible.

So I see many features Chainx is exhibiting proving them to be scam exchange like shit exchange listed above,. For them to list EMJAC IEO meaning they scam because Emjace had be probe to scam long time ago which resulted them to start up again. We still watching where Chainx would go in the crypto market.

[mdzahed134]

ChainX platform looking reliable exchange and it’s new exchange but it’s reputation rapidly growing on the Korean community because this made transparency and highly liquidity platform. Blockburn IEO's already ended on ChainX exchange and within 5 minutes(now it’s doubt and questionable) tokens sold out.                   

[lizarder]

I have heard of this exchange and until now I have never used it, and in recent months a lot of IEO projects that have held a bounty in this forum have listed IEO in ChainX market, and if this case is true I think investors or bounty hunters should carefully.

[Flush-Grey]

We should stay away shit exchanges, what they do is drive token price follow their intention, dump & pump and steal our money.
Thanks for notice, I joined Emjac airdrop longtime ago, last year, didn't receive anything, now i know the reason. 

It's a relief if you already know the reason for not getting anything from Emjac, because they have made manipulations since the beginning of the campaign.

Yea me too. Super salty...

Somewhere above, it was written that they sued their former co-workers

Whatever they demand if the project is not clear, then they also won't get anything from their work, once or twice maybe they can get money through investors, but the third time I think they will get nothing, because once they cheat , then everyone will label them as cheats for life.

Yea I think it was quoted by someone on top that Emjac has run a big bounty campaign but no one got anything. They think bounty people are providing free labor... Everyone be careful of Emjac and chainx.

Maybe we should post this on their bounty pages so that people are careful.

[Flush-Grey]

A week ago I asked a friend to help investigate ChainX ideology and the exchanges volume, liquidity and all that, and clearly stated, Chainx is a new exchange now conducting series of IEO at a time just like the way P2pb2b and Probit currently doing. From what I know, Crypto exchange had to be stable and volume free before conducting Funds raising system. Imagine new sells out IEO in just 15 minutes time, this isn't possible.

So I see many features Chainx is exhibiting proving them to be scam exchange like shit exchange listed above,. For them to list EMJAC IEO meaning they scam because Emjace had be probe to scam long time ago which resulted them to start up again. We still watching where Chainx would go in the crypto market.

Funny you mentioned Probit. Probit does not seem to be washing its way up to the Top of the volume rankings for free publicity. Their Telegram chat seems to be very popular actually. A lot of discussions. I can't even find Chainx Telegram

https://t.me/ProbitEnglish

Chainx telegram is just people saying Good morning? I don't understand lol.

https://t.me/ChainX_officialEng

[Flush-Grey]

ChainX platform looking reliable exchange and it’s new exchange but it’s reputation rapidly growing on the Korean community because this made transparency and highly liquidity platform. Blockburn IEO's already ended on ChainX exchange and within 5 minutes(now it’s doubt and questionable) tokens sold out.                   

I highly doubt there was a successful Blockburn IEO on an exchange with no one.

[Flush-Grey]

 

[Flush-Grey]

More news about ICO Pantera.

They go around telling projects they can raise MILLIONS OF DOLLARS. Sell them broken dreams.

Then when projects ask which exchange should they run the IEO, these jokers say...

CHAINX

Not Binance, not Huobi, but fking ChainX LOLOLOLOLOLOLOL.

Of course nothing gets raised in that wash trading bot exchange. Projects go home poor and broke with broken dreams. L O L

[tiang_tower]

Yea I think it was quoted by someone on top that Emjac has run a big bounty campaign but no one got anything. They think bounty people are providing free labor... Everyone be careful of Emjac and chainx.

Maybe we should post this on their bounty pages so that people are careful.

Yes, I agree that we have to post this on their bounty page so that all people stay away from Emjac and Chainx, because it will be very bad if the hunters continue to promote them, but in the end they get nothing.

[Flush-Grey]

Yea I think it was quoted by someone on top that Emjac has run a big bounty campaign but no one got anything. They think bounty people are providing free labor... Everyone be careful of Emjac and chainx.

Maybe we should post this on their bounty pages so that people are careful.

Yes, I agree that we have to post this on their bounty page so that all people stay away from Emjac and Chainx, because it will be very bad if the hunters continue to promote them, but in the end they get nothing.

Let's go do it. Where is their bounty page?

[bluebit25]

I have also checked this exchange, surprisingly when I look at the trading pairs, most trading pairs are empty. The altcoins listed here do not seem to have any volumes, and they use bots a lot at major trading pairs. It is best to stay away from this exchange as soon as possible

[memed97]

Let's go do it. Where is their bounty page?

This is the Emjac bounty page,

https://bitcointalk.org/index.php?topic=5186391.0 (phase 2)
https://bitcointalk.org/index.php?topic=5165073.0 (phase 1)

but it is unfortunate because the bounty page has been locked and the bounty has ended, please check it.

[gweedo]

ChainX platform looking reliable exchange and it’s new exchange but it’s reputation rapidly growing on the Korean community because this made transparency and highly liquidity platform. Blockburn IEO's already ended on ChainX exchange and within 5 minutes(now it’s doubt and questionable) tokens sold out.                   

I highly doubt there was a successful Blockburn IEO on an exchange with no one.

BlockBurn has successfully IEO in this exchange, but until now no one is trading that token in chainx exchange. There seems to be some impersonation here to deceive investors. Also the price of the BlockBurn token has dropped more than 20 times compared to the price of IEO, which is really crazy

[Flush-Grey]

I have also checked this exchange, surprisingly when I look at the trading pairs, most trading pairs are empty. The altcoins listed here do not seem to have any volumes, and they use bots a lot at major trading pairs. It is best to stay away from this exchange as soon as possible

Coindesk just reported on this exchange with it having "a very high probability" that everything is washed.

The CEO of Chainx said that it does look like wash trading, although he said it was "most likely coin project teams that did it". When asked by Coindesk who the hell would help him conduct wash trading to benefit his exchange

Chainx CEO said... HE DOES NOT KNOW!!!   

[rdewilde]

Another time of hearing about the bad practices carried out by this exchange and it is not good in any way, why doing such to your users, it is inhumane. Also, many exchanges do carry out washing trading but it seems this exchange think it's good to over do it thus going the path of P2PB2B and it will make them unfit for anyone sooner than later. In addition, to an extent, don't trust some of the data reported by CMC as they are always questionable rather coingecko seems to be better in some aspects.

[bluebit25]

ChainX platform looking reliable exchange and it’s new exchange but it’s reputation rapidly growing on the Korean community because this made transparency and highly liquidity platform. Blockburn IEO's already ended on ChainX exchange and within 5 minutes(now it’s doubt and questionable) tokens sold out.                   

I highly doubt there was a successful Blockburn IEO on an exchange with no one.

BlockBurn has successfully IEO in this exchange, but until now no one is trading that token in chainx exchange. There seems to be some impersonation here to deceive investors. Also the price of the BlockBurn token has dropped more than 20 times compared to the price of IEO, which is really crazy

Chainx is a lousy exchange and no one uses it. I am really surprised if the IEO projects succeed at this exchange, most likely they have fake the volume to deceive investors. And just as you said, the IEO projects at this exchange have collapsed. Most of the prices have dropped 20-30 times compared to IEO prices, never participate in IEOs on this exchange

[bitkanu]

I have also checked this exchange, surprisingly when I look at the trading pairs, most trading pairs are empty. The altcoins listed here do not seem to have any volumes, and they use bots a lot at major trading pairs. It is best to stay away from this exchange as soon as possible

Coindesk just reported on this exchange with it having "a very high probability" that everything is washed.

The CEO of Chainx said that it does look like wash trading, although he said it was "most likely coin project teams that did it". When asked by Coindesk who the hell would help him conduct wash trading to benefit his exchange

Chainx CEO said... HE DOES NOT KNOW!!!   

When we are seeing the project gets nothing from the crowd sale but the chainx published it has already raised multi-million dollars. The only god that knows that. lol
Lol CEO of chainx doesn't wanna be blamed and it's just like 5 years old kid. There will be a lot of drama around this exchange site for sure.

[Shallow]

When reports like this are being made or released it is for the good of everyone, it is for everyone to take precautionary measures when dealing with such exchange, it is also for everyone to know that dealing with such exchange comes with great risk. This exchange is getting exposed gradually and this is the right time to start adjusting before it gets worst. Projects should always try their best to ascertain if an exchange will help them grow or not, because whether they like it or not, exchanges plays a role in the growth of every project.