Bintex Team Refused Paying Hunters Rewards And Service Fees

[BountyDetective]

Bintex team has not been responsive to our requests regarding the bounty rewards and distribution ever since the bounty ended for 3 months.

We have concluded that the Bintex team is trying to scam our community and us by not keeping their promise to distribute the bounty rewards. Before launching their bounty, they escrowed the BNTX tokens with us. Later, they conducted a swap for their tokens (BNTX), and when we reached out for swapping the escrowed tokens, they told us they would be taking action regarding the swap in January 2021.

Escrowed Tokens: https://etherscan.io/token/0x499f434458F62a1e76974fCe5eFcE9DD6B31D4f2?a=0x9004301367b96E44255303DBe5635F2cC0685bd5



Initially, they said the tokens would be distributed in December, but there is no progress to date, and no effort has been made regarding the swap of those old bounty tokens by their team. They have also refused to increase the bounty rewards after the swap.

We have been continuously in contact with them for months, and instead of swapping the bounty rewards (old tokens) to the new tokens, they just gave us their fake promises and excuses. They told us that they kept their promise by sending old tokens, which have no value, and they are obviously kidding with their early followers and us.





We're here to support the fair players in the space, and bad actors should not be encouraged to affect that with their influence and make the sector unfair for everyone.

🔵 We recommend to report their Telegram group and channel, Twitter account, LinkedIn as a scam.


Also,  please report them as a scam to CoinMarketCap by this link.

Best regards.

Bounty Detective Team

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[bakasabo]

According to Bintex telegram latest posts, they are either pretending to be dumb, or shift all the guilt on the bounty managers.
So far posting in their group is not allowed and that is the sign that they are shady or cowards. Left my report on coinmarketcap.

Question to Bounty Detectives - when you face the situation that you are not paid for work, why dont you announced that on, for example, 4th week, and continued working all 10 weeks? If hunters would know that bounty managers are working for free for numerous weeks, first signs that there is something wrong with Bintex would appear.

[Rikafip]

Additional problem here is that they reduced total supply from 2 billion BNTX to 20 million BNTX, making it 99 % decrease. If you apply that decrease to bounty pool which was at the start of bounty 333,333 BNTX, new bounty pool would be measly 3333 BNTX. If they keep the same ratio of course.

Could it be that Bintex organized this swap with the sole purpose of screwing up bounty hunters, or that swap was announced prior to start of bounty campaign? If yes, that would be something new that I haven't seen before, But can't say I am entirely surprised.

Once again it proves that bounty hunting is a very risky business as more often than not you will end up with nothing.

[Igebotz]

I saw this on their Twitter official page

Dear Users we have Transfered tokens to Bounty manager But he's is not transferring tokens to users Beawar his scam🚫

🎯 Note1: Do not Spam in group you will be banned 🚫 permanently
🎯Note 2 : If we notice any spam messages around social media you will be banned permanently🚫
🗣️Dear Users we have Transfered tokens to Bounty manager But he's is not transferring tokens to users Beawar his scam🚫

🎯 Note1: Do not Spam in group you will be banned 🚫 permanently
🎯Note 2 : If we notice any spam messages around social media you will be banned permanently🚫

I must confess they sounds like good scammers but right now we don't know who's words to believe as both the OP and his employer sounds so innocent. Bounty hunters suffer the most because the mangers are paid in BTC while poor hunters are given worthless tokens.

[Baskin198]

So the manager is saying that they are not paying the promised tokens while they are claiming they have paid the tokens to the manager but he ain't sending it to the users.

If this is actually the case, I would like both parties to publicly post their proofs about their claims.

A pinned message on their telegram reads "👉👉Proof that we transferred tokens to Bounty manager :
https://etherscan.io/address/0x9004301367b96E44255303DBe5635F2cC0685bd5#tokentxns"

@BountyDetective please can you confirm if this address is actually yours?

By the way, the moderated thread doesn't help as users who post proof might get deleted.

I have messaged that guy on telegram as well, it looks shady why they delete any comment we make on the group, so I feel like the manager BountyDetective is right but I will wait for what Raviteja Adapa replies about this case before reporting it on CMC.

[bakasabo]

So the manager is saying that they are not paying the promised tokens while they are claiming they have paid the tokens to the manager but he ain't sending it to the users.

If this is actually the case, I would like both parties to publicly post their proofs about their claims.

You have missed the part where is written, that Bintex has swapped tokens. Tokens they have sent to Bounty Detective are worthless.

Btw, it was partly clear in the beginning, that nothing good would came out from Bintex bounty, as they already had sales rounds/pre-sale or what ever they have and did not manage to raise enough for a start. As they mention, they returned the funds to investors and started a bounty campaign.

[goaldigger]

A clear scam from the beginning and it looks like the escrowed tokens are not worth it since they can easily swap into a new platform which should be the first alarm to the campaign management, now they are totally gone and ended up blaming you.

 Is it possible to escrow bounty campaign with the real coins like BTC or ETH to prevent situations like this in the future? I feel sorry to those hunters who work hard for this campaign.  

[bakasabo]

A clear scam from the beginning and it looks like the escrowed tokens are not worth it since they can easily swap into a new platform which should be the first alarm to the campaign management, now they are totally gone and ended up blaming you.

The second alarm was when the team was not paid on time. I dont think that Bintex and Bounty Detective had an agreement that managers will be paid after bounty has ended. This is just illogical. Managers should have some kind of guarantees of being paid as well. During several weeks without being paid, managers should have made announcement about that and put campaign on pause (like Hhampuz does or others).

[Igebotz]

Could it be that Bintex organized this swap with the sole purpose of screwing up bounty hunters, or that swap was announced prior to start of bounty campaign?

OP created a scam accusation thread and went on exiled, these are simple questions he needs to answer, how can we tell who the scammer is? besides the Bintex in question sounded so sure they have given OP the required tokens as agreed

@BountyDetective please can you confirm if this address is actually yours?
By the way, the moderated thread doesn't help as users who post proof might get deleted.

A suspicious thread indeed I'm sure the bounty manager is not telling the truth, we need his attention and more prove on the thread..

I stop my investment here

[goaldigger]

Could it be that Bintex organized this swap with the sole purpose of screwing up bounty hunters, or that swap was announced prior to start of bounty campaign?

OP created a scam accusation thread and went on exiled, these are simple questions he needs to answer, how can we tell who the scammer is? besides the Bintex in question sounded so sure they have given OP the required tokens as agreed

Considering the trust record of OP, its hard to say seriously. But since OP initiated this thread, I hope that he’s not the scammer here, and really want to help the bounty hunter. I’m not a part of this bounty campaign, but hopefully the hunters will still get what they deserve, which is their rewards.

[Rikafip]

Could it be that Bintex organized this swap with the sole purpose of screwing up bounty hunters, or that swap was announced prior to start of bounty campaign?

OP created a scam accusation thread and went on exiled, these are simple questions he needs to answer, how can we tell who the scammer is? besides the Bintex in question sounded so sure they have given OP the required tokens as agreed

I don't think that OP denies getting the tokens, he even shared address where those 333,333  escrowed BNTX were sent. Thing is, those are old tokens and are completely worthless now, and problems started with the swapping of those previously shared bounty tokens and OP claims that Bintex won't swap those tokens and instead they will scam bounty hunters. That's the whole deal here.

Another problem, as I pointed out in my previous post is the swap ratio, as total supply of BNTX was reduced for 99%, meaning even if they distribute those tokens, bounty hunters will most likely get peanuts in the end.

I saw this on their Twitter official page
https://twitter.com/Bintexfutures/status/1368390982979309570?s=19

For some reason they decided to remove that tweet. Any of the bounty hunters managed to contact that person they mentioned?

[Igebotz]

I saw this on their Twitter official page
https://twitter.com/Bintexfutures/status/1368390982979309570?s=19

For some reason they decided to remove that tweet. Any of the bounty hunters managed to contact that person they mentioned?

I think they misspelt the word "Beware" as Beawar reading from their sentence, that is no name of a person.

[Rikafip]

I think they misspelt the word "Beware" as Beawar reading from their sentence, that is no name of a person.

Of course that is not a person lol. They said in that tweet "provide your details here: @akashethu" meaning they want bounty hunters to contact person with "@akashethu" Telegram username that I guess is their team member and provide  bounty details to him. So I asked if any bounty hunters contacted him, and what he said.

[crzy]

I saw this on their Twitter official page
https://twitter.com/Bintexfutures/status/1368390982979309570?s=19

For some reason they decided to remove that tweet. Any of the bounty hunters managed to contact that person they mentioned?

I think they misspelt the word "Beware" as Beawar reading from their sentence, that is no name of a person.

That’s just a mistake but the message is clear, they are spreading news on twitter against the bounty manager, and here in the forum, the manager is also raising his voice to accuse the campaign of not paying.

This project is a total mess and a clear scam to me, OP shared everything here and yet being accused of not paying which is not true based on his statement. If the project is willing to pay, they can do it on their own since the token that is holding by the manager is total worthless because of the swap. I’ll support the report on CMC, hunters have to do the same thing.

[zanezane]

According to Bintex telegram latest posts, they are either pretending to be dumb, or shift all the guilt on the bounty managers.
So far posting in their group is not allowed and that is the sign that they are shady or cowards. Left my report on coinmarketcap.

Question to Bounty Detectives - when you face the situation that you are not paid for work, why dont you announced that on, for example, 4th week, and continued working all 10 weeks? If hunters would know that bounty managers are working for free for numerous weeks, first signs that there is something wrong with Bintex would appear.

I can see what you are pointing out in the early signs that they aren't going to pay but some campaigns do have some delays in payments. This is definitely a scamming team, 3 months is a long time to sort things out on their end if they really want to pay, the first month in my opinion is the minimum time to sort this kind of misunderstanding, I will be dropping my report on them too after this post to help the community.