[Warning] Tradekax exchange plagiarized whitepaper

[Rikafip]

What happened:  Tradekax exchange copied parts of Sugar Exchange, one older project that is dead now. Exchange that is willing to copy content about their  features  from another exchange can't be trusted.

Flag Type 1  https://bitcointalk.org/index.php?action=trust;flag=1782

Ann:  https://bitcointalk.org/index.php?topic=5245963.0
Archive:  https://web.archive.org/web/20200505125608/https://bitcointalk.org/index.php?topic=5245963.0

Website:  https://www.tradekax.com/
Archive:  https://web.archive.org/web/20200505125512/https://www.tradekax.com/

Whitepaper:  https://www.tradekax.com/img/whitepaper.pdf
Archive:  https://web.archive.org/web/20200505125946/https://www.tradekax.com/img/whitepaper.pdf

Sugar Exchange Whitepaper:  https://web.archive.org/web/20190522150157/https://sugarexchange.io/wp-content/uploads/2018/04/sugar-white-paper.pdf

Domain name: tradekax.com
Registry Domain ID: 2414076659_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.namecheap.com
Registrar URL: http://www.namecheap.com
Updated Date: 0001-01-01T00:00:00.00Z
Creation Date: 2019-07-18T03:12:26.00Z

On the left side you can see Tradekax whitepaper, while on the right Sugar Exchange

[1714644601]

1714644601

[sujonali1819]

Great job and good catch op. It seems the project is clever enough. They copied some content from the Sugar Exchange whitepaper instead of full. But it is really very shady things for a project. And no legit project does it. And I have some confusion that maybe the other thins are copied from other projects. 

The picture size in the op should be increased more otherwise it annoying to eye. 

[Rikafip]

Great job and good catch op. It seems the project is clever enough. They copied some content from the Sugar Exchange whitepaper instead of full. But it is really very shady things for a project. And no legit project does it. And I have some confusion that maybe the other thins are copied from other projects.  

Yeah, I guess they thought that if they use content from now failed project no one will notice. In order to use some exchange, you have to trust them. And how to trust  someone that is willing to copy someone else's content? I wouldn't be surprised if more stuff is taken from other projects.

The picture size in the op should be increased more otherwise it annoying to eye.  

True, it was too small, I increased it a bit.

Flag Type 1  is also added in the first post.

[sujonali1819]

True, it was too small, I increased it a bit.

Flag Type 1  is also added in the first post.

Great. Now it looks good and readable without a power full glass Though we can read it by visiting the official link, people firstly focus on the post. Btw thanks for increasing the size of these photos.  

The flag is supported and also tagged as well.

[Twinkledoe]

They already deleted the content of their ANN thread. So it means they are guilty as charged. If they already put so much effort into this project, they can just explain their side. Their website is still up so to all users be careful using that exchange. For me, it is not safe to use this exchange if they can't even defend themselves.

[meanwords]

They already deleted the content of their ANN thread. So it means they are guilty as charged. If they already put so much effort into this project, they can just explain their side. Their website is still up so to all users be careful using that exchange. For me, it is not safe to use this exchange if they can't even defend themselves.

Same thought. If they've made an explanation why they did this, they might have had a chance to remove doubts from their users. This is probably their worst mistakes because they are literally saying that they plagiarize work. I don't expect this exchange to last long with this one. They'll probably start exiting once users become aware of this. Good job to this find.

[Rikafip]

They already deleted the content of their ANN thread. So it means they are guilty as charged. If they already put so much effort into this project, they can just explain their side. Their website is still up so to all users be careful using that exchange. For me, it is not safe to use this exchange if they can't even defend themselves.

Not a surprise, first they deleted content, and then they will delete whole ANN and disappear from bitcointalk. Problem is that despite being busted here on bitcointalk , they  will continue with this exchange, advertising on other social media platforms and people might fall for it and start using it. But well, we did  what we can to warn people here..

If they've made an explanation why they did this, they might have had a chance to remove doubts from their users. This is probably their worst mistakes because they are literally saying that they plagiarize work. I don't expect this exchange to last long with this one. They'll probably start exiting once users become aware of this. Good job to this find.

To be honest, I don't think that they can give valid explanation why they copied other exchange content ( usually it is some crap how they hired some company to make content from them, always putting blame on others is their m.o) . But it wasn't mistake for sure, they are  simply inexperienced, incompetent and lazy, and when those kind of people make exchange, people loose money. We've seen it so many times through years.

[sovie]

What happened:  Tradekax exchange copied parts of Sugar Exchange, one older project that is dead now. Exchange that is willing to copy content about their  features  from another exchange can't be trusted.

How you do that? I mean you use some online tools to catch such plagiarism or you manually do this work? like reading the whitepaper and then recalling that it's on some previous whitepaper also? It's a great work.

[FatFork]

What happened:  Tradekax exchange copied parts of Sugar Exchange, one older project that is dead now. Exchange that is willing to copy content about their  features  from another exchange can't be trusted.

How you do that? I mean you use some online tools to catch such plagiarism or you manually do this work? like reading the whitepaper and then recalling that it's on some previous whitepaper also? It's a great work.

I'm sure Rikafip uses a variety of online plagiarism detection tools, as do many other scam busters. But it wouldn't be fair to reveal everything in public.
Let the scammers struggle a little harder if they want to go under the radar.

[Rikafip]

How you do that? I mean you use some online tools to catch such plagiarism or you manually do this work? like reading the whitepaper and then recalling that it's on some previous whitepaper also? It's a great work.

I don't use anything special really, mostly just google, few plagiarism detection tools that you can find online ( I rarely use those nowadays ). I guess most of other scam busters use similar stuff. Scammers are usually pretty stupid and lazy, so after some time it gets easy to notice when something is off, and whats even worse (or better for us) they often copy well known projects, and those are very easy to notice. There are also two good guides that helped me at the beginning, they are worth checking out:
https://bitcointalk.org/index.php?topic=5004397.0
https://bitcointalk.org/index.php?topic=4586576.0

[TimeTeller]

They are holding their bounty campaign here.

https://bitcointalk.org/index.php?topic=5261897.0

And KYC is mandatory for those bounty hunters.
I hope people will search a lil bit before joining this campaign.
If they have nothing to hide, why delete their ANN thread?
And now, they are hoping that somebody will promote their platform,
Well, there are newbies that submitted their interest.

[sujonali1819]

If they have nothing to hide, why delete their ANN thread?

How they delete their ann thread? They can not delete their ann by themselves( topic creator can not delete their own topic). Maybe mods have deleted the ann.

Actually nowadays a bounty hunter doesn't care the project is good or bad. They just think a new bounty is launched and they have to join with thousand os farm accounts.

[TradeKax]

dear! we fixed this mistake, can you delete this theard or note we fixed. Thank you very much. pls understand this only misstake.

What happened:  Tradekax exchange copied parts of Sugar Exchange, one older project that is dead now. Exchange that is willing to copy content about their  features  from another exchange can't be trusted.

Flag Type 1  https://bitcointalk.org/index.php?action=trust;flag=1782

Ann:  https://bitcointalk.org/index.php?topic=5245963.0
Archive:  https://web.archive.org/web/20200505125608/https://bitcointalk.org/index.php?topic=5245963.0

Website:  https://www.tradekax.com/
Archive:  https://web.archive.org/web/20200505125512/https://www.tradekax.com/

Whitepaper:  https://www.tradekax.com/img/whitepaper.pdf
Archive:  https://web.archive.org/web/20200505125946/https://www.tradekax.com/img/whitepaper.pdf

Sugar Exchange Whitepaper:  https://web.archive.org/web/20190522150157/https://sugarexchange.io/wp-content/uploads/2018/04/sugar-white-paper.pdf

Domain name: tradekax.com
Registry Domain ID: 2414076659_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.namecheap.com
Registrar URL: http://www.namecheap.com
Updated Date: 0001-01-01T00:00:00.00Z
Creation Date: 2019-07-18T03:12:26.00Z

On the left side you can see Tradekax whitepaper, while on the right Sugar Exchange

[dkbit98]

I wonder how did you fixed it?
You just removed parts that you just copy/pasted or you fast written new whitepaper from scratch?
You would need to provide more information about this TradeKex

[$crypto$]

dear! we fixed this mistake, can you delete this theard or note we fixed. Thank you very much. pls understand this only misstake.

I think if a project makes a mistake about what they do in copying in Whitepaper it is difficult to build community trust especially since it has been going on for 2 months, are you sure about their beliefs?

So that this does not happen earlier to be more impressive for a project.

[andrei8787]

Reported to CryptoScamAlert
https://cryptoscamalert.com/crypto_scam_report/433

[Rikafip]

They are holding their bounty campaign here.
https://bitcointalk.org/index.php?topic=5261897.0

Thank you for letting me know! I see that bounty hunters are joining their campaign despite warning made on their  thread, but unfortunately nothing we can do about it. Some hunters are willing to promote just about anything..

dear! we fixed this mistake, can you delete this theard or note we fixed. Thank you very much. pls understand this only misstake.

I can't delete this thread. You deleting plagiarized content doesn;t change the fact that you copied from another project, and that shows Unprofessionalism and that you can't be trusted in the future as well, and exchanges are all about the trust.

I wonder how did you fixed it?
You just removed parts that you just copy/pasted or you fast written new whitepaper from scratch?

From what I could see, they just rephrased copied parts of the whitepaper and that's about it.