YOUENGINE AND THE MODERN SCAM PART 1.

[Miaallen]

YOUENGINE is a project on ethereum network with a native token called YOUcash (YOUC). The project has been appeared to be stagnant for a very long time with no admins' activities on telegram, likewise with no news on their twitter page. This left investors hanging their hopes on luck until April 14 when the investors saw a crash in the price of $YOUC on the two exchanges it was listed on. The crash was believed to have prompted the CEO of the project himself to come back to being the admin in the official Telegram group of YOUENGINE. He announced that the wallet of an investor was hacked and that's the reason for the fall as the hacker moved the token to BITFOREX and LATOKEN to sell. Everyone understood and many investors bought the dip to use the crash to lower their average. This was going on with the price gradually recovering before the YOUC CEO again announced the delisting of YOUC from exchanges and announced that there would be a token swap which will set a blow at the hackers and protect the genuine investors. And that was a lie and the beginning of implementation of a legitimate scam plans.

[Psynthax]

Yeah that's an old trick for the CEO to dump his token to the market by saying it was getting hacked but it's totally an inside job. I hope that youc investors or buyers can fill a report to the police or regulators to bring the CEO to the jail. The ceo was scammers and i have been seeing so  many investors got deceived as they are loosing their money but in this case i personally thing that if the CEO didn't get a lot of money as youc was lack of volume in the exchange sites. It has low daily trade volume and huge gap between sell and buy orders. in this case i personally believe that if CEO is the dumpers or scammers.

[CaVO32]

Yeah that's an old trick for the CEO to dump his token to the market by saying it was getting hacked but it's totally an inside job. I hope that youc investors or buyers can fill a report to the police or regulators to bring the CEO to the jail. The ceo was scammers and i have been seeing so  many investors got deceived as they are loosing their money but in this case i personally thing that if the CEO didn't get a lot of money as youc was lack of volume in the exchange sites. It has low daily trade volume and huge gap between sell and buy orders. in this case i personally believe that if CEO is the dumpers or scammers.

The common problem here is that no one will actually pursue suing those individuals. Hence, they can always get away with it, and create a new scam project. Of course, they already got what they want here, so they don't care about their holders anymore. So swapping is their another tactic to get away from the trouble, letting their holders think that they still have hope to recover their losses. But what would be their reason of swapping it? Another reason to screw money from investors?

[goaldigger]

Yeah that's an old trick for the CEO to dump his token to the market by saying it was getting hacked but it's totally an inside job. I hope that youc investors or buyers can fill a report to the police or regulators to bring the CEO to the jail. The ceo was scammers and i have been seeing so  many investors got deceived as they are loosing their money but in this case i personally thing that if the CEO didn't get a lot of money as youc was lack of volume in the exchange sites. It has low daily trade volume and huge gap between sell and buy orders. in this case i personally believe that if CEO is the dumpers or scammers.

The common problem here is that no one will actually pursue suing those individuals. Hence, they can always get away with it, and create a new scam project. Of course, they already got what they want here, so they don't care about their holders anymore. So swapping is their another tactic to get away from the trouble, letting their holders think that they still have hope to recover their losses. But what would be their reason of swapping it? Another reason to screw money from investors?

Real Karma in life exist, we may not be able to sue them but I believe on bad karma.
If you know some investors who got scammed by this fake project, then you can ask them to file a case only if the developer really post their real identity or maybe they are just using a fake one as well. COE leaving the project could means a lot, it can be an scam exit or just the project didn’t turn out the they planned it. It can only be a scam if they totally abandoned the project without any updates, this is the sad part for the small investors who trusted the project that much.

[Yaunfitda]

Oh well, it seems from the beginning that this project has no direction whatsoever and it's not a viable invested.

This may not be the plan after all, but the people behind needed the money and decided to deceived everyone who still hasn't left their project. And they concocted a story that seems to be plausible, nevertheless they are going to be exposed as a bunch of scammers. So this should be a lesson for everyone, specially newbies to really do your own investigation first before putting your hard earn money in crypto. Anyone can do a rug pull here.

[Ever-young]

I am also a victim of this crime, I saw the fall in Bitforex exchange days ago and I used my hard earned 709$ to buy the dip at a price of 0.0034$ just for me to wake up to see the token has been delisted and. Swap ratio very unfair to me. This is the highest kind of scam.

[Jaered]

Yeah that's an old trick for the CEO to dump his token to the market by saying it was getting hacked but it's totally an inside job. I hope that youc investors or buyers can fill a report to the police or regulators to bring the CEO to the jail. The ceo was scammers and i have been seeing so  many investors got deceived as they are loosing their money but in this case i personally thing that if the CEO didn't get a lot of money as youc was lack of volume in the exchange sites. It has low daily trade volume and huge gap between sell and buy orders. in this case i personally believe that if CEO is the dumpers or scammers.

The common problem here is that no one will actually pursue suing those individuals. Hence, they can always get away with it, and create a new scam project. Of course, they already got what they want here, so they don't care about their holders anymore. So swapping is their another tactic to get away from the trouble, letting their holders think that they still have hope to recover their losses. But what would be their reason of swapping it? Another reason to screw money from investors?

Yea, I think that is another excuse to get more money from the unwary investors. It's actually an old trick project team use to exit scam. I hope he gets indicted

[nakamura12]

I think they are planning more people to believe that delisting it on an exchange site and better use swap which is to get more money by making people think that they can recover their loses. Suing them won't be done but I do believe that they'll pay for it someday. goaldigger said real karma exist in real life even though some won't believe it. Not being careful on what to invest would always fall in this kind of trick even if it's an old trick.

[cryptomaniac_xxx]

Not the first and probably not the last one that a project will pull this kind of stunt. Scammers are very clever indeed, hiding under the guise of certain projects (happening since 2017), and then manipulating from behind to look like it was a hack. But something seems to be not looking right here, and it's clearly an inside job of the CEO to make money from unsuspecting (victims) investors.

[JeffBrad12]

Doing swap and the CEO will get new tokens to be dumped again. I hope that people who have been putting their money into this shit scam token will not even try to put another liquidity again for sure. They are only giving their money to the scammers. You must becareful as this token is also looks like suspicious for me. The team did nothing for almost one year and after they have come and the price got dumped so hard to the bottom.
This is the worst thing that i have ever seen after blatant scam project that tried to steal money from people. I have marked this as a scam token in my personal list.

[Anonylz]

Unfortunately this is no longer news, shady project owners sabotaging their own project and pretending it to be a hack to gain empathy from investors.
I came to know about youc through the campaign conducted here in the forum months back. it is disgusting when these scam devs will trick investors and robb them off their investments.
You should have sold when the price pump so hard some time ago, some alts are not worth holding.

[yurez]

And that was a lie and the beginning of implementation of a legitimate scam plans.

Back in the fall, I sold all YOUENGINE tokens as I was tired of waiting for something from the development team. In two years, they still haven't got a working app with advertisers and ad sellers. A year ago, the MVP product was released as an application and there were no more updates. One of the team members - Alexander Bobryshev used to participate in the QURREX scam project.

[shinratensei_]

I guess that if the CEO has been preparing this scenario since a long time ago. As far as i can see if this project has no product. The pump that happened with the price of youc was totally a non sense price for a project without any product. I remember this got listed in a better exchange site than latoken and bitforex but it was getting delisted from there. It seems like that the team was trying to manipulate the token again. The new scam trick to steal money from dumping the premined token with a non sense reason or claim if the smartcontract gets hacked.

I would not be surprised that if another drama will be coming from the youc team about this. The worst project for now.

[kurniawan05]

Various techniques are used to scam people, I have experienced several, for example, when the price fell, announcing about the progress of the construction that would be completed, when the price went up, the devs sold their tokens, or once with the reason the dev had an accident, then it didn't show up. again. Therefore, we must always be vigilant and if possible, report their identity to the security forces such as the police.

[makishart]

This project looks very suspicious since this has been starting to be traded on the exchange site. People are loosing a lot even some threatened the dev if they will be reporting it to the regulators. After the swap and the price can't still recover and it was getting dumped even deeper than before. I suspect if the developers are still continue to do shady thing to the tokens. So many people are loosing a lot of their money right now due to the incompetence developers. The dev was blaming hacker for their shady thing that already happened. Hacker will not always become the main reason and sometime it's about the people who is greedy to steal money and run away with it. You must always be careful when you are facing suspicious project like this.

[Little_Sister]

Not the first and probably not the last one that a project will pull this kind of stunt. Scammers are very clever indeed, hiding under the guise of certain projects (happening since 2017), and then manipulating from behind to look like it was a hack. But something seems to be not looking right here, and it's clearly an inside job of the CEO to make money from unsuspecting (victims) investors.

Scammers will never disappear in the circle of scam projects because it is easy for scammers to steal from fraudulent investment proceeds, say for the current trend many investment projects with fantastic returns of up to 100k% APY which is unrealistic, but I wonder some of those projects are still getting enthusiasm community from whispers of profits that may not be given before the project is finally abandoned.

[Kemarit]

Not the first and probably not the last one that a project will pull this kind of stunt. Scammers are very clever indeed, hiding under the guise of certain projects (happening since 2017), and then manipulating from behind to look like it was a hack. But something seems to be not looking right here, and it's clearly an inside job of the CEO to make money from unsuspecting (victims) investors.

Scammers will never disappear in the circle of scam projects because it is easy for scammers to steal from fraudulent investment proceeds, say for the current trend many investment projects with fantastic returns of up to 100k% APY which is unrealistic, but I wonder some of those projects are still getting enthusiasm community from whispers of profits that may not be given before the project is finally abandoned.

And that is the problem really, if you have by a bit of skepticism about this project then don't invest money on it simply as that.

Because your guts might be true after all, just like in this case, a lot of promises of huge profit by someone whispering in your eyes, but you don't know maybe that someone is part of the grand scheme to scam people including yourself.

[bayudndy]

https://twitter.com/younive87630435/status/1517581929033388035/photo/1
This is what I'm seeing. Honestly, the crypto space today sees way too many hacks. But if the project can be corrected and maintained, it is also a thing to hope for investors in. For this project, I do not care much about it, but I have heard of problems that many people complained about the price in the past.

[Psynthax]

Yeah that's an old trick for the CEO to dump his token to the market by saying it was getting hacked but it's totally an inside job. I hope that youc investors or buyers can fill a report to the police or regulators to bring the CEO to the jail. The ceo was scammers and i have been seeing so  many investors got deceived as they are loosing their money but in this case i personally thing that if the CEO didn't get a lot of money as youc was lack of volume in the exchange sites. It has low daily trade volume and huge gap between sell and buy orders. in this case i personally believe that if CEO is the dumpers or scammers.

The common problem here is that no one will actually pursue suing those individuals. Hence, they can always get away with it, and create a new scam project.

Agreed, that's the typical scammers these days. Run away and then come back with another identity and new name for their project again. The only way to avoid to invest in any suspicious project like this.

Of course, they already got what they want here, so they don't care about their holders anymore. So swapping is their another tactic to get away from the trouble, letting their holders think that they still have hope to recover their losses. But what would be their reason of swapping it? Another reason to screw money from investors?

I do agree with it, sometime the swap process was a way for them to avoid the legal problem with their investors but the price of tokens dumped so hard as the liquidity farmed by the developers of this token. It's very difficult to recover the price after the it already dumped so hard to the bottom.

[masterrex]

I think it was a common problem in the crypto space, if a new project has no development for a long period you must start doubting and raised some concerns about it, But in the beginning, YOUEngine is not like that because YOUEngine looks like a legitimate project to me as I observe after the MVP released it was looking good but later on the problems have arisen because it has no product and no development to show. And now this hacking issue has surfaced and pointed out as the reason why the YOUC token price has been dumped. It is very unfortunate but it really happens thats why we can't do anything about it and it's better to move on.