Post
Topic
Board Announcements (Altcoins)
[ANN] CoinonatX- Scam Alert - Unmoderated thread
by
maxsinner
on 07/09/2017, 08:51:31 UTC
Since the developer closed the original thread and decided to move to a moderated thread, I would like to open this thread in order to bring awareness to the community for what happened and is still happening here.

Basically the developer run a double scam where he created a new coin, pretended to swap the old one for the new while giving people very short notice and doing it completely not transparent. They swapped a very small percentage of the coins while remaining in possession of the larger part of xcxt. Also they deliberately slowed down communication so most people miss the 7 days deadline.

The developer ended up with a lot of coins on both chains and the opportunity to dump them on unsuspecting traders.