I read it and the author seems to have made considerable effort to write such an analysis. However, as mentioned in previous posts, Pysarenko publicly shows that he is the co-founder of Bitup in his Linkedin profile. So, from what I understand, this information was never hidden. Also, it's still not clear to me why Bitup is named a scam.
I'm not saying TaaS should be blindly trusted. But, this report is 32 pages long and seems to have taken a long time to produce. Why is all this information released just now, 5 days before the ICO end?
Who is IcoAlert? Does anybody know him? Does he have any public profile in Linkedin, Facebook or anywhere else? I couldn't find anything.
This could be a sophisticated FUD attempt. In any case, I'm expecting a detailed reply from the TaaS team.
A teenager with a small amount invested in crypto started it with his brother is what was gather on reddit. They charge for their reports, part of the taas one was released but you must pay for the rest. The real problem is there is no evidence of bitup actually being a ponzi as they still haven't missed a payment to investors. This "kid" applies the term ponzi irresponsibly.