[Warning]BambooDefi plagiarised whitepaper + hiring sock puppet accounts

[Rikafip]

What happened: BambooDefi has been on my radar for some time because they hired bumping service in order to promote the project and those projects often proved to be a scam, especially when you add DeFi component. I found it a bit odd that they started lucrative signature campaign today, so decided to check it a bit more. It seems that they plagiarized whitepaper from Crypto.com and their DeFi Swap

Flag Type 1 https://bitcointalk.org/index.php?action=trust;flag=2486

ANN https://bitcointalk.org/index.php?topic=5286017.0
Archive https://archive.fo/lpglM

Website https://www.bamboodefi.com
Archive https://web.archive.org/web/20201123074106/https://www.bamboodefi.com/

Whitepaper https://web.archive.org/web/20201123073629/https://www.bamboodefi.com/assets/bamboo-whitepaper-en.pdf

Original source https://blog.crypto.com/defi-swap-whitepaper/

Domain Name: bamboodefi.com
Registry Domain ID: 2561261076_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.nicline.com
Registrar URL: http://www.nicline.com
Updated Date: 2020-11-21T16:43:27.000Z
Creation Date: 2020-09-22T15:43:00.000Z
Registrar Registration Expiration Date: 2021-09-22T15:43:00.000Z

As seen in the screenshots below, they obviously copied content from Crypto.com without providing any sort of reference. Bamboo Defi is on the left side, and Crypto.com on the right.











All this shared is not everything, there is more copied content from the same source. As a matter of fact, even that generic Risk Disclosure  part is also copied from the Crypto.com but there is no point to include more proof regarding plagiarism.


Regarding the shilling part, they started with that right from the start, basically the next day after they made ANN. This is how it looks like




tl;dr
Anonymous team
Plagiarized whitepaper
Sock puppet accounts shilling the thread
DeFi starting bitcoin signature campaign

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[TalkStar]

As seen in the screenshots below, they obviously copied content from Crypto.com without providing any sort of reference. Bamboo Defi is on the left side, and Crypto.com on the right.

I don’t think more explanation needed to detect their plagiarism and i am clearly seeing their line to line copy/paste here. I just checked their official ANN and its based on your information i got the activity of spammers there. Every single thing that you discovered about them is enough to put finger on their projects real intention.

Interesting to see that they are running signature campaign and Coolcryptovator is managing that. I am really surprised how did he start their campaign without proper research.Huh...

"Rikafip" i will personally suggest you to send a PM to campaign manager and deliver this thread link. Although we know what explanation will be given from their authority but lets see whats new is waiting for all this time.

[Rikafip]

I don’t think more explanation needed to detect their plagiarism and i am clearly seeing their line to line copy/paste here. I just checked their official ANN and its based on your information i got the activity of spammers there. Every single thing that you discovered about them is enough to put finger on their projects real intention.

Yeah I also think that everything is obvious here, but I will wait just a little bit before creating the flag.

Interesting to see that they are running signature campaign and Coolcryptovator is managing that. I am really surprised how did he start their campaign without proper research.Huh...

These things just happen, even to those that are experienced in scam busting. I don't know whether he checked their whitepaper, but it happened to me few times to miss plagiarism even though I checked and couldn't find anything, and then few days later I saw some other member busting them for exactly the same thing.

"Rikafip" i will personally suggest you to send a PM to campaign manager and deliver this thread link. Although we know what explanation will be given from their authority but lets see whats new is waiting for all this time.

Manager is well aware of the issue, he already locked the signature campaign thread until all this is cleared out.

[Raflesia]

I don’t think more explanation needed to detect their plagiarism and i am clearly seeing their line to line copy/paste here. I just checked their official ANN and its based on your information i got the activity of spammers there. Every single thing that you discovered about them is enough to put finger on their projects real intention.

Interesting to see that they are running signature campaign and Coolcryptovator is managing that. I am really surprised how did he start their campaign without proper research.Huh...

"Rikafip" i will personally suggest you to send a PM to campaign manager and deliver this thread link. Although we know what explanation will be given from their authority but lets see whats new is waiting for all this time.

And usually Coolcryptovator always receives funds in advance to run signature campaigns that have started including Bitsburg which has fully escrowed the funds.

But I don't know whether Bamboodefi actually sent it to Coolcryptovator?

[The Cryptovator]

Interesting to see that they are running signature campaign and Coolcryptovator is managing that. I am really surprised how did he start their campaign without proper research.Huh...

Honestly, I hadn't deep research on the whitepaper. There are a few reasons why I hadn't take a deep look here. The website still under construction, and I had asked someone to check plagiarism due to lack of my time and internet connectivity issue. But I am admitting, I can't ignore my responsibility this way, and apologize for that. Perhaps that person I assigned missed detecting copy-paste content.

Regarding the plagiarism, I have asked the team to respond to this thread. The person from the team who have contact with me, he is traveling somewhere by flight and given me some selfie as evidence. He will reply to this thread when he will arrive at his destination. Let's wait for his explanation.

Regarding the team, I wouldn't mind if the team is anonymous in cryptocurrency. But the fake team always an immediate red flag for me. But there is a team behind Bamboo DeFi, you will find it on Nexxyo Labs. Because this project is operated by Nexxyo Labs.

Regarding shilling accounts, they have admitted that one of their friend doing such things and they will ask to stop it.  I think that person is familiar with the forum.

I mark to hold the Signature campaign. Let's see their explanation. There would be some reason since their website is still under construction.

I am holding the funds for their campaign (above 0.4BTC) that is enough to run the campaign for 4 weeks. But I will stop the campaign if their explanation isn't reasonable to the community. If I failed to decide myself, then definitely, I will ask for the help of the community.

[stadus]

I don’t think more explanation needed to detect their plagiarism and i am clearly seeing their line to line copy/paste here. I just checked their official ANN and its based on your information i got the activity of spammers there. Every single thing that you discovered about them is enough to put finger on their projects real intention.

Interesting to see that they are running signature campaign and Coolcryptovator is managing that. I am really surprised how did he start their campaign without proper research.Huh...

"Rikafip" i will personally suggest you to send a PM to campaign manager and deliver this thread link. Although we know what explanation will be given from their authority but lets see whats new is waiting for all this time.

And usually Coolcryptovator always receives funds in advance to run signature campaigns that have started including Bitsburg which has fully escrowed the funds.

But I don't know whether Bamboodefi actually sent it to Coolcryptovator?

It doesn't matter now, the real issue is what is written in the OP and I never seen @Coolcryptovator had problems with the campaign he managed before  in terms of paying the reward, but once a project plagiarised content, it's automatic not to trust them.

The campaign thread is locked currently, let's wait for Coolcryptovator's announcement and this thread will surely influence his decision.

Hopefully things will be sorted out at the best interest of the majority.

[TalkStar]

Yeah I also think that everything is obvious here, but I will wait just a little bit before creating the flag.

Its your wish to create the flag now or later but i am ready to support it anytime. Thanks for spending your time and reinvestigate the projectsfrom the responsibility of saving investors from scammers.

Honestly, I hadn't deep research on the whitepaper. There are a few reasons why I hadn't take a deep look here. The website still under construction, and I had asked someone to check plagiarism due to lack of my time and internet connectivity issue. But I am admitting, I can't ignore my responsibility this way, and apologize for that. Perhaps that person I assigned missed detecting copy-paste content.

When you are creating opportunities for forum users to join new signature campaigns then they are joining to promote the brand without justifying deeply because they know their payment is safer on your hand. Actually we all do mistakes and its part of our daily life but we should take extra care when its a matter of money and investments. Thanks for giving quick response and locking the signature instantly.

Regarding the plagiarism, I have asked the team to respond to this thread. The person from the team who have contact with me, he is traveling somewhere by flight and given me some selfie as evidence. He will reply to this thread when he will arrive at his destination. Let's wait for his explanation.

I don't think they have so much in their hand to use as a proper explanation and its looks quite unprofessional works to me. Although i don't think their explanation gonna make big difference or people will change their mind about them.

[Rikafip]

I mark to hold the Signature campaign. Let's see their explanation. There would be some reason since their website is still under construction.

Honestly I don't see how website under construction can have anything to do with the fact that they copied big parts of their whitepaper from someone else. They didn't just took few sentences here and there, as you can see from the evidence they copied big chunks of texts  and even some charts. When you think about it, what can be solid explanation for something like this, as that can't be done by simple mistake.

This was intentional, they were obviously incapable (or just lazy but that doesn't sound any better) of making it by themselves so decided to take from others. Even text formatting is similar, and that says a lot.

Let's run few scenarios and standard explanations that we can expect:

1." We hired someone to make whitepaper, they tricked us". If team is not capable of making their own whitepaper and had to outsource it, how can they make the project successful?
2. "Team member that made whitepaper was removed from the team". Whitepaper is usually made by core team member. If they managed to get someone like that on the core team, how many of them with similar dishonest intentions could still be there? On top of that, how no one noticed?
3."This is just a placeholder for the real whitepaper". Bullshit, why would they put anything there if they  still don't have their  own whitepaper? This is similar to that explanation when we catch someone with fake team members, they tend to use that.


Bare in mind there are more parts that they copied, what I shared is not all of it. In the end, how they can expect that people will stake their funds when they are dishonest about something like that?

Regarding the team, I wouldn't mind if the team is anonymous in cryptocurrency. But the fake team always an immediate red flag for me. But there is a team behind Bamboo DeFi, you will find it on Nexxyo Labs. Because this project is operated by Nexxyo Labs.

I see 10+ people on  their group photo. Not even one of them read any whitepaper before, not even Bitcoin? If they did, they would notice how proper referencing looks like. Then again, if they know how proper referencing looks like they wouldn't copy big parts of text word by word, as copy verbatim is considered plagiarism as well.


Kinda ironic, they issued warning about scammers impersonating them
https://bamboodefi.medium.com/beware-of-the-scammers-fc0e817b3770

I don't think they have so much in their hand to use as a proper explanation and its looks quite unprofessional works to me. Although i don't think their explanation gonna make big difference or people will change their mind about them.

Yeah I think so too. They won't use anything we haven't heard before in similar situations by numerous scammers. Especially when we know how many DeFi scams we saw lately doing exactly that.

[Rikafip]

Sharing here an answer that BambooDefi CEO shared on ANN thread

Regarding the copy of significant part of WP from Crypto.com as ,CEO of Nexxyo Labs (BambooDeFi) is totally my fault.  We share a lot of features and although it is modified with the things that differentiate us, I didn't think about the possible consequences of using some parts of crypto.com as a base, because many things are shared among many DeFi projects.

So because they share a lot of features, they decided that is OK to share whitepaper too. Another excuse that we heard so many times before.

I want to share one more proof of their laziness; they even copied countries restriction from Crypto.com. What are the chances of that happening, that two projects have exactly the same list of countries restricted? You can check, exactly the same 33 countries on both whitepapers.




Since I believe that Bamboodefi team is dishonest and grossly  incompetent, I think that everyone who invests will probably loose the money, therefore raising the flag. Please support.

Flag Type 1 https://bitcointalk.org/index.php?action=trust;flag=2486


Considering everything, I don't see how they could continue with signature campaign or to put it better, why would anyone that cares about his own reputation wear their signature and promote them?

[dkbit98]

The project is not anonymous, it is being developed by NexxyoLabs www.nexxyolabs.com/about

...The pre-sale has been done via bank account ,  most of the pre-sale is being sold to investors who already know NexxyoLabs for some of their other products.  

They say project was made by nexxyolabs.com and presale was made with bank accounts, but I never saw any presale done like that before.

Now let's see Crypto.com whitepaper:
https://crypto.com/images/crypto_com_whitepaper.pdf

It is clear that crypto.com whitepaper is copyright protected, and there is no right for 'sharing' same whitepaper with any other project.

[bamboodefi]

Sharing here an answer that BambooDefi CEO shared on ANN thread

Regarding the copy of significant part of WP from Crypto.com as ,CEO of Nexxyo Labs (BambooDeFi) is totally my fault.  We share a lot of features and although it is modified with the things that differentiate us, I didn't think about the possible consequences of using some parts of crypto.com as a base, because many things are shared among many DeFi projects.

So because they share a lot of features, they decided that is OK to share whitepaper too. Another excuse that we heard so many times before. I wanna share on more proof of their laziness level; they even copied countries restriction from Crypto.com. What are the chances of that happening, that two projects have exactly the same list of countries restricted? You can check, exactly the same 33 countries on both whitepapers.




Since I believe that Bamboodefi team is dishonest and grossly  incompetent, I think that everyone who invests will probably loose the money, therefore raising the flag. Please support.

Flag Type 1 https://bitcointalk.org/index.php?action=trust;flag=2486


Considering everything, I don't see how they could continue with signature campaign or to put it better, why would anyone that cares about his own reputation wear their signature and promote them?

Hi all, im Daniel Valdes, CEO of NexxyoLabs https://www.linkedin.com/in/danielvaldesaraiz/ our company website is www.nexxyolabs.com

First of all I want to apologize for the Shill accounts, it has been totally our fault for trusting an investor who complained that the post would not reach many users and offered to shill the post The fault is ours and we assume the responsibility.  Realy sorry

Regarding the copy of significant part of WP from Crypto.com, as CEO of Nexxyo Labs (BambooDeFi) is totally my fault.
 We share a lot of features and although WP is modified with the things that differentiate us, I didn't think about the possible consequences of using some parts of crypto.com as a base, because many things are shared among many DeFi projects.

With respect to the countries, they are exactly the same, because they are the ones that the European laws oblige us to not sale.

As I have already said, the failure regarding the WP has been entirely mine, using Crypto.com as a base.

Regarding the pre-sale made via bank account, we can make it this way, as long as we do not reach more than 150 investors per country (the pre-sale has been sold mainly in Spain) and as long as we do not aspire to collect more than 5M Euros, these two rules are imposed by the CNMV.

I am here, to try to solve it.

[bamboodefi]

Interesting to see that they are running signature campaign and Coolcryptovator is managing that. I am really surprised how did he start their campaign without proper research.Huh...

Honestly, I hadn't deep research on the whitepaper. There are a few reasons why I hadn't take a deep look here. The website still under construction, and I had asked someone to check plagiarism due to lack of my time and internet connectivity issue. But I am admitting, I can't ignore my responsibility this way, and apologize for that. Perhaps that person I assigned missed detecting copy-paste content.

Regarding the plagiarism, I have asked the team to respond to this thread. The person from the team who have contact with me, he is traveling somewhere by flight and given me some selfie as evidence. He will reply to this thread when he will arrive at his destination. Let's wait for his explanation.

Regarding the team, I wouldn't mind if the team is anonymous in cryptocurrency. But the fake team always an immediate red flag for me. But there is a team behind Bamboo DeFi, you will find it on Nexxyo Labs. Because this project is operated by Nexxyo Labs.

Regarding shilling accounts, they have admitted that one of their friend doing such things and they will ask to stop it.  I think that person is familiar with the forum.

I mark to hold the Signature campaign. Let's see their explanation. There would be some reason since their website is still under construction.

I am holding the funds for their campaign (above 0.4BTC) that is enough to run the campaign for 4 weeks. But I will stop the campaign if their explanation isn't reasonable to the community. If I failed to decide myself, then definitely, I will ask for the help of the community.

I'm sorry for the problems I might be causing you with my mistakes.

[Fesatmas]

As seen in the screenshots below, they obviously copied content from Crypto.com without providing any sort of reference. Bamboo Defi is on the left side, and Crypto.com on the right.

I don’t think more explanation needed to detect their plagiarism and i am clearly seeing their line to line copy/paste here. I just checked their official ANN and its based on your information i got the activity of spammers there. Every single thing that you discovered about them is enough to put finger on their projects real intention.

Interesting to see that they are running signature campaign and Coolcryptovator is managing that. I am really surprised how did he start their campaign without proper research.Huh...

"Rikafip" i will personally suggest you to send a PM to campaign manager and deliver this thread link. Although we know what explanation will be given from their authority but lets see whats new is waiting for all this time.

This indeed needs to be taken firmly, for the sake of the convenience of the members in forum.
 it would be terrible if they did something like that. and an investigation must be carried out immediately, in addition to violating the campaign rules will create a bad image.

I hope this kind of campaign disappears from any forum.

[Rikafip]

We share a lot of features and although WP is modified with the things that differentiate us, I didn't think about the possible consequences of using some parts of crypto.com as a base, because many things are shared among many DeFi projects.

I do agree that many DeFi projects have similar features, but you went one step further, copying directly word for word from Crypto.com. Their explanations, charts, as I said before even text formatting is similar. In general, when you are verbatim copying, it has to be clearly visible that you took it from someone else, so you have to make distinction between something that you wrote and something that you copied. Just sharing links in the end is not enough, and you didn't even done that. Your team surely read Bitcoin whitepaper. Haven't  you noticed those reference links in the end?

You said  in your whitepaper that you studied several projects like YAM, Sushiswap and Compound, yet the one which you used heavily as basis of your whitepaper you never mentioned. Not even one word about that.

Regarding risk disclosure, that's another thing you copied word for word from crypto.com. I usually don't mention that because those things  tend to be very similar to each other but what baffles me is that you are mentioning legal company "Ferrer-bonsoms & Sanjurjo Abogados" as part of your legal team. Why didn't you consult them regarding all this? You could at least ask them to write you that part, as that's what legal companies are for, among other things.

With respect to the countries, they are exactly the same, because they are the ones that the European laws oblige us to not sale.

Can you please share those laws ? It won't change much really as you probably wouldn't mentioned them if they weren't part of Crypto.com whitepaper, but I would like to have that for the future reference when I come across European based DeFi that is conducting sale.

Thing is, we are overrun with DeFi projects similar to yours, where they just copy each other without adding anything new, just wanting to participate in this hype. Other than your project not being anonymous, it doesn't seem any different than dozens of those on this list DeFi-Scams - Big All-In-One-Thread - LAST UPDATE: 17/11/2020. More than half of them are guilty of exactly same thing, plagiarism and new ones are coming on the daily basis.

[marlboroza]

First of all I want to apologize for the Shill accounts, it has been totally our fault for trusting an investor who complained that the post would not reach many users and offered to shill the post The fault is ours and we assume the responsibility.  Realy sorry

Regarding the copy of significant part of WP from Crypto.com, as CEO of Nexxyo Labs (BambooDeFi) is totally my fault.

Lol, at least he is honest about mistakes:

"I am sorry for hiring army of shill accounts to look like something is going on with my project and I am especially sorry for plagiarism part because I have no clue what my project is all about"

Flag supported.

[bamboodefi]

We share a lot of features and although WP is modified with the things that differentiate us, I didn't think about the possible consequences of using some parts of crypto.com as a base, because many things are shared among many DeFi projects.

I do agree that many DeFi projects have similar features, but you went one step further, copying directly word for word from Crypto.com. Their explanations, charts, as I said before even text formatting is similar. In general, when you are verbatim copying, it has to be clearly visible that you took it from someone else, so you have to make distinction between something that you wrote and something that you copied. Just sharing links in the end is not enough, and you didn't even done that.
Yes, it was only my fault. I've been so concerned with explaining what differentiates us that I didn't realize there was no point in not explaining the rest of the details in our own words.

Your team surely read Bitcoin whitepaper. Haven't  you noticed those reference links in the end?

We are already adding the reference linksin the WP of all languages. It will take us hours, which are many languages in our web. But we hope to have it added during the next day. Right now I am on a business trip in Estonia, but when I get back to Spain we will rewrite everything that is copied or has too many similarities.

You said  in your whitepaper that you studied several projects like YAM, Sushiswap and Compound, yet the one which you used heavily as basis of your whitepaper you never mentioned. Not even one word about that.

This was also my fault, I had in mind to add it when we proposed the different pairs for the LPs, but in the end I didn't add it, by mistake. Sure....I know it's no excuse.
 

Regarding risk disclosure, that's another thing you copied word for word from crypto.com. I usually don't mention that because those things  tend to be very similar to each other but what baffles me is that you are mentioning legal company "Ferrer-bonsoms & Sanjurjo Abogados" as part of your legal team. Why didn't you consult them regarding all this? You could at least ask them to write you that part, as that's what legal companies are for, among other things.

I didn't consult them about the disclaimer, as I think all of them are the same or very similar, but taking your suggestion into account when I go back to Spain I will ask them to remake the disclaimer.

With respect to the countries, they are exactly the same, because they are the ones that the European laws oblige us to not sale.

Can you please share those laws ? It won't change much really as you probably wouldn't mentioned them if they weren't part of Crypto.com whitepaper, but I would like to have that for the future reference when I come across European based DeFi that is conducting sale.

It is not a specific law for DeFi, is for any sale (Pre-sale, Private Sale...ICO, STO).
Sorry it's not in English.
http://www.cnmv.es/docportal/Legislacion/FAQ/QAsFinTech.pdf
https://www.europarl.europa.eu/doceo/document/TA-8-2018-0178_ES.html?redirect#title2
https://www.boe.es/buscar/act.php?id=BOE-A-2015-11435

Thing is, we are overrun with DeFi projects similar to yours, where they just copy each others without adding anything new, just wanting to participate in this hype. Other than your project not being anonymous, I doesn't seem any different than dozens of those on this list DeFi-Scams - Big All-In-One-Thread - LAST UPDATE: 17/11/2020. More than half of them are guilty of exactly same thing, plagiarism and new ones are coming on the daily basis.

We have other projects ( outerringmmo.com,demo.experiencia360.es, auroracryptomachines.com and more ) we would not compromise everything in such a stupid way. As I have already repeated a few times, it has been my fault and an overconfidence, thinking that what made us equal to the rest of projects was not necessary to work on it.  As I have said from the beginning, I want to fix these issues.

[bamboodefi]

First of all I want to apologize for the Shill accounts, it has been totally our fault for trusting an investor who complained that the post would not reach many users and offered to shill the post The fault is ours and we assume the responsibility.  Realy sorry

Regarding the copy of significant part of WP from Crypto.com, as CEO of Nexxyo Labs (BambooDeFi) is totally my fault.

Lol, at least he is honest about mistakes:

"I am sorry for hiring army of shill accounts to look like something is going on with my project and I am especially sorry for plagiarism part because I have no clue what my project is all about"

Flag supported.

When one makes mistakes, has to assume them.  We have not hired accounts to shill, but we have allowed it. As I said, it was a mistake not to stop it before. I can't say much more to defend myself, except that we are going to stand up and continue with the project to show that it is not scam.

[The Cryptovator]

I am not convinced with the explanation from the team. So, I decided to do not to run their signature campaign. Escrow funds have been returned to the team. My bad, I failed to detect that issue before launching the campaign. Hope I would avoid such issues in the future.

Sorry for the inconvenience.

[bamboodefi]

I am not convinced with the explanation from the team. So, I decided to do not to run their signature campaign. Escrow funds have been returned to the team.

Sorry for the inconvenience.

Thanks for the refund. And sorry ....

[bullrun2024bro]

First of all I want to apologize for the Shill accounts, it has been totally our fault for trusting an investor who complained that the post would not reach many users and offered to shill the post The fault is ours and we assume the responsibility.  Realy sorry

Regarding the copy of significant part of WP from Crypto.com, as CEO of Nexxyo Labs (BambooDeFi) is totally my fault.

Jesus Christ, at least you're honest, but thats the only good thing here. You have obviously tried to deceive potential investors by plagiarizing content and hiring an army of "shill accounts" to improve your reputation here on the forum. So what exactly makes you different from all the other scammers out there, who try to steal our money every day?

When one makes mistakes, has to assume them.  We have not hired accounts to shill, but we have allowed it. As I said, it was a mistake not to stop it before. I can't say much more to defend myself, except that we are going to stand up and continue with the project to show that it is not scam.

Excuse me if I ask, but what exactly is "your project"? All I see is blunt plagiarism and an army of "shill accounts".

I am not convinced. I left a negative feedback on your profile and supported the flag.