Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XEL] Elastic Project - The Decentralized Supercomputer
by
LamboMoonYacht
on 26/06/2017, 16:33:23 UTC
This thread isn't really closed, but they'd like to hide it since the OP (Lannister) disappeared with the XEL donation money. They'd prefer if you post in their self-moderated thread so they can delete any posts that remind people of their scam:

http://archive.is/zoyYa

Quote
Status of Lannister and the ICO funds

April 15, 2017 by Unvoid

Lannister is gone. ICO funds are gone. We don’t know why. We don’t know if we ever see him again. It’s not like “he took all the funds and run away” because before disappearing he rewarded some of community members with some BTC for their work. He mentioned that he have some health problems also. That’s all we know now.

Now they have ANOTHER anonymous dev (surprise!) who could just as easily do the same thing. For all we know it may be the same guy.

Agreed this is one of the clearest examples of a scam I've seen in recent times. Well done for trying to warn people about it. It started with a newbie account whose real-life name was supposedly "Lionel Keys" posting as ElasticCoin. Immediately a few of us pressed for some kind of info to verify his identity (given it was an ICO without escrow), which he said would be coming soon. In the mean time I began finding Evil-Knievel's behaviour in the thread extremely suspicious. He wasn't (publicly) in charge of the probject at this point but from the start was shilling hard (talking about how much he'd invested) and answering the bulk of the questions that were intended for the dev. It was obvious to me he was involved with the project whilst pretending not to be.

Every post from the ElasticCoin account was subsequently deleted from that thread (presumably when they realized they'd messed up and that there was no way to hide how shady the whole thing was), Lionel Keys disappeared (abandoning a project he'd supposedly spent months working on and preparing) and Evil-Knievel suddenly emerged as project lead.

I haven't enough time to dig through it, but here's the original thread. Evil-Knievel has also deleted every single post he made in that thread, though enough of his and ElasticCoin's original posts have been preserved in quotes in replies to show you what's going on here.

Deleted original ANN:
https://bitcointalk.org/index.php?topic=1362006.0

Quote from: Evil-Knievel on February 19, 2016, 09:46:04 AM
Quote
-snip-

I am currently invested in this coin with a total of 6.8799 BTC.

A very clear scam.