UseCoin Scam

[Skydog]

Implying that Bittrex is not in on the scam ...

[1715197750]

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[poornamelessme]

Something along the lines of triggering alerts for unusual deposits/withdrawals... placing limits on trades so that a wallet holding more than the entire 24hr volume can't nuke the entire platform... freezing the accounts of rogue traders...

I'm sure there's plenty of other safeguards available..

and it can all be automated.

Those aren't bad ideas, but someone from bittrex would need to say if their system has any safeguards in place or not. Obviously they didn't safeguard against what occurred here just now. I assume some of the exchanges have 'dump' check code, or at least hope they do... I think poloniex may. Several times I recall coins being frozen there due to suspicious activity. Or perhaps poloniex just likes to freeze coins randomly...

But yeah, they could put some code in there to help things a bit. And they shouldn't have listed the coin to begin with due to the premine. Hopefully they learn from this and go beyond simply saying they wont agree to destroy coins in the future.

[anticlimax]

Country:   Canada
State/Region:   Ontario
City:   Richmond Hill
Latitude:   43.8759
Longitude:   -79.4381


Little info regarding this scammers location.

[SL1M]

bittrex is here reading this .....just totally  locked my account again.

why? what did you do?

[Thistleblower]

Something along the lines of triggering alerts for unusual deposits/withdrawals... placing limits on trades so that a wallet holding more than the entire 24hr volume can't nuke the entire platform... freezing the accounts of rogue traders...

I'm sure there's plenty of other safeguards available..

and it can all be automated.

Those aren't bad ideas, but someone from bittrex would need to say if their system has any safeguards in place or not. Obviously they didn't safeguard against what occurred here just now. I assume some of the exchanges have 'dump' check code, or at least hope they do... I think poloniex may. Several times I recall coins being frozen there due to suspicious activity. Or perhaps poloniex just likes to freeze coins randomly...

But yeah, they could put some code in there to help things a bit. And they shouldn't have listed the coin to begin with due to the premine. Hopefully they learn from this and go beyond simply saying they wont agree to destroy coins in the future.

At the end of the day it's up to the exchanges to moderate their business if they want to survive. Small investors are being driven away from alts by the rapacious greed of a minority (which is why fiat is so heavily regulated). So volumes are shrinking, profits are falling... and the big cats are being left to devour each other. I know that I can't afford to buy Any altcoin because it's value can be wiped out in an instant. The alternative is to play the same game and dump on a regular basis to mitigate losses and preserve profits. And if everybody does that the whole system will fall apart.

At the moment there is No safe coin to hold long term. Lite Dark Crypt Cloak and dozens of others have amply demonstrated the fact this week. BTC is no safe haven, but the sheer volume makes it a fairly secure long term investment for disposable income. The rest are as secure as the next organised dump.

[ChekaZ]

Iam out. Soon to be 1 Satoshi

[Inarhe]

Thanks to share

[mpalenciac]

Country:   Canada
State/Region:   Ontario
City:   Richmond Hill
Latitude:   43.8759
Longitude:   -79.4381


Little info regarding this scammers location.

Daaaamnnn I'll turn on the news then

[Skydog]

Country:   Canada
State/Region:   Ontario
City:   Richmond Hill
Latitude:   43.8759
Longitude:   -79.4381


Little info regarding this scammers location.

How you found out?

[ICO Dude]

oн вepнyлcя y мeня ecть имя тeлeфoнa aдpec
shameyou come back me have shameyou name pone numbr aderss  

Whats his phone no and address? How did you get it? Can you PM me?

no list it here please

cooбщeниe тeлeфoн пocлe oбpaтнoгo oтcчeтa, ecли нe usemarket нe выcвoбoждaют
i pos efter dedline if market no relese

http://www.timeanddate.com/countdown/generic?iso=20140824T00&p0=250&fg2=000&msg=UseMarket+Launch&csz=1

sure he will not release it. Publish all you know

LET THE HUNT BEGIN  

[Skydog]

Country:   Canada
State/Region:   Ontario
City:   Richmond Hill
Latitude:   43.8759
Longitude:   -79.4381


Little info regarding this scammers location.

If somebody lived there you could just go by and look for the 20 - 35 computer guy (or ask around) and woops you'd have the name. Or, you know, call the police.

[Epimetheus]

Country:   Canada
State/Region:   Ontario
City:   Richmond Hill
Latitude:   43.8759
Longitude:   -79.4381


Little info regarding this scammers location.

How you found out?

IP is 173.34.203.191
Use an IP locator and you will find this info. But it is not enough. We need to track the phone number, fb page, etc and match the puzzle together. Get me his ID and address and I will book a return flight to Canada next week!

[ICO Dude]

Country:   Canada
State/Region:   Ontario
City:   Richmond Hill
Latitude:   43.8759
Longitude:   -79.4381


Little info regarding this scammers location.

these coordinates lead to some kinda church
https://www.google.com/maps/@43.875856,-79.438391,3a,75y,46.46h,106.7t/data=!3m4!1e1!3m2!1sZ-FgjT9Sxt5jtOieSjPKLw!2e0?hl=en

I doubt he lives there.  Where did you get these coordinates?

[dandruff1138]

Country:   Canada
State/Region:   Ontario
City:   Richmond Hill
Latitude:   43.8759
Longitude:   -79.4381


Little info regarding this scammers location.

these coordinates lead to some kinda church
https://www.google.com/maps/@43.875856,-79.438391,3a,75y,46.46h,106.7t/data=!3m4!1e1!3m2!1sZ-FgjT9Sxt5jtOieSjPKLw!2e0?hl=en

I doubt he lives there.  Where did you get these coordinates?

And what the hell are you guys going to do? Prank call him? Grow up.

[Skydog]

Find someone in living in the area and send him by to look at the adress. Or we could just crowd source a private investigator. I throw in 0.3 btc and if we get five more people that would be enough to pay and send someone there. Shouldn't be to hard to ask around until you find "the computer guy". Anyhow how do you guys know its the devs ip?

[Skydog]

Country:   Canada
State/Region:   Ontario
City:   Richmond Hill
Latitude:   43.8759
Longitude:   -79.4381


Little info regarding this scammers location.

these coordinates lead to some kinda church
https://www.google.com/maps/@43.875856,-79.438391,3a,75y,46.46h,106.7t/data=!3m4!1e1!3m2!1sZ-FgjT9Sxt5jtOieSjPKLw!2e0?hl=en

I doubt he lives there.  Where did you get these coordinates?

And what the hell are you guys going to do? Prank call him? Grow up.

For one he commited a felony which could get him into jail? Or you could just stop by to say hi. Canadian who got scammed could just go to the police and lead them investigate if they could convey the concept of altcoins to them.

[dandruff1138]

A felony? You think there is some magic crypto-currency police?

Just stop, it is a dangerous game you are playing. He held up his end of the bargain and released his coins as promised. Yes we all lost, but that is the deal here. Don;t want to get scammed, stay out of this game.

[skeet]

Has anyone ever been caught here on this forum for fraud and went to jail? If none, this kind of scamming will continue. Be careful next time before you invest your hard earned money guys.

[SkyValeey]

a great show.
stay away from these ICPOs.most of them are scam

+1

[anticlimax]

Country:   Canada
State/Region:   Ontario
City:   Richmond Hill
Latitude:   43.8759
Longitude:   -79.4381


Little info regarding this scammers location.

these coordinates lead to some kinda church
https://www.google.com/maps/@43.875856,-79.438391,3a,75y,46.46h,106.7t/data=!3m4!1e1!3m2!1sZ-FgjT9Sxt5jtOieSjPKLw!2e0?hl=en

I doubt he lives there.  Where did you get these coordinates?

Those are not exact long and lat.