Quote from: mrok on October 30, 2017, 10:17:57 AM

So what actually happened with c-cex.com? I heard that they have millions of piex of questionable provenance and are dumping it? I hope i am misinformed - would someone with the real story pls post and tell us what is going on with them?

this is a quote of moderator on official discord channel

Ratstang - Ceгoдня в 04:54

Before I'd like to explain, I suggest everybody remove their buy orders from C-Cex.

We've encountered some problems with the swap.
We produced 78 million coins to swap what would roughly amount to 77.6mil coins. (With expected PIE staking rewards by October 29th.)

However after we swapped roughly 72 million coins it became evident that we were running out of coins long before we completed the swap.
To verify there was no foul play the entire team has spent the last 2 days auditing both the old PIE and new PieX block chains for every transaction in the last month.
Verifying and checking every transaction twice. And our books are within roughly $8 USD of coins. (Which is accounted by swapping fees and test sends.)

So if all of our books are within $8 USD across 72 million coins (1.5 million USD), how are we short 6 million PieX?
The only swaps we don't have on our books are the ones C-Cex claimed they did.

So we begin auditing all of C-Cex's wallets and every single transaction to and from both their PIE Exchange and PieX Exchange wallets.
During our investigation it became pretty evident that there was a lot to question here.

First off, C-Cex stated on October 3rd that they had 17.3 million coins in the balances on their exchange wallets.
Seen Here: https://images-ext-2.discordapp.net/external/IpmsFsOGTkyVVHOoKWR8MFXqtw69tlsrPLGdGBx9SwU/https/media.discordapp.net/attachments/341572407732994048/374388220214902784/C-Cex_Scam_001.png?width=955&height=412

Foolishly we believed them and sent them coins, and said they "must burn the old PIE", at which point they insisted the PIE wallets were all corrupt. (Dozens of them.)

Fortunately it doesn't matter if your wallets are corrupt, every transaction still remains on the block chain.
So we spent countless hours finding and verifying every C-Cex PIE wallet used in the last 2 months on the blockchain to verify their claim.

Here is 15 of their Exchange wallets which had any known balance beyond September 5th. (Kindly verify all of them yourself.)

http://piecoin.thecryptochat.net/address/PS5jWWqJEEakbyNxNy6FDT87vBqERsrHwB - Empty Sept 30th
http://piecoin.thecryptochat.net/address/PVV7s6q1QDR3vPMuwBvkSAozzukV4GUyNC - Empty Sept 30th
http://piecoin.thecryptochat.net/address/PLyTwFJLjA2k1YZyDqi2n8vfMZuUWFu9QQ - Empty Sept 30th
http://piecoin.thecryptochat.net/address/PRECb7bvygqx2CsDAAGXLxVQ4zZHYENZRB - Empty Sept 30th
http://piecoin.thecryptochat.net/address/PNEry5GXSRdUdpwLVULGRaF2hutGQocLzF - Empty Oct 1st
http://piecoin.thecryptochat.net/address/PSAsBu1wXCfYbh5mqcjkbBUfKXMR3gUn5x - Empty Oct 1st
http://piecoin.thecryptochat.net/address/PXGYsNfC6ATwfKaAYnyn1nS5T53hJwsbKM - Empty Sept 30th
http://piecoin.thecryptochat.net/address/PL3g43sEwfnkcmipeXLdCdPgkYEY9PTHVk - Empty Sept 30th
http://piecoin.thecryptochat.net/address/PLyTwFJLjA2k1YZyDqi2n8vfMZuUWFu9QQ - Empty Sept 30th
http://piecoin.thecryptochat.net/address/PR6FczA26ezmcezBxU4tLJJ6L3XUtVEnni - Empty Sept 30th
http://piecoin.thecryptochat.net/address/PURjDc2D448R2KEfNeF8uZErmKyKUXrio6 - Empty Sept 30th
http://piecoin.thecryptochat.net/address/PTwmYGx87JXJFWFbH1MhG7U55AgbrqJTHS - Empty Sept 30th
http://piecoin.thecryptochat.net/address/PBuRbnexWbe7pVtZnKcofR1EmmUJa2BxRA - Empty Sept 30th
http://piecoin.thecryptochat.net/address/PHUCF9dA2bzcyi8ciBx5GDvd3rGSyxiRdu - Empty Sept 30th
http://piecoin.thecryptochat.net/address/PPyeCXkUXYgaKzkPw8zvp2wyHDsFPSapTe - Empty Sept 30th
Every single C-Cex wallet had nearly no balance or a negative balance by Oct 1st.
According to C-Cex's messages to the PIE team their wallets became "corrupt and broken" on October 1st. and therefore people were unable to withdraw their coins.

On october 1st C-Cex also began messaging the PIE community stating this:
https://media.discordapp.net/attachments/341572407732994048/374388346228834306/C-Cex_Scam_002.png
https://images-ext-1.discordapp.net/external/huL2RIvpMOQSPFG8ouchBeBZgkIFongf1QjyslJotN4/https/media.discordapp.net/attachments/341572407732994048/374388346228834306/C-Cex_Scam_002.png?width=368&height=561

So according to them their wallets not only "Broke" but supposedly they were also "blocking transactions and withdraws to avoid price manipulations" on october 1st.
Conveniently every single PIE wallet C-Cex controls as shown above runs out of coins at the exact same time it "breaks" and they "block" withdraws.

Something certainly weird going on here.

So if they have 17 million coins to swap, where are the wallets that contained 17 million coins on the 1st.
We were unable to find any, or any combination of wallets that might equal up to their claimed 17.3m coins.

So we began investigating what they did with the 17.3 million coins that we sent them.
As you can see here, they received 17.3 million coins.
http://45.77.58.147/address/XTmN5qoPMQMi7CckFDvindoRLbKkSA4jDp

They then removed these coins and made 7 movements with all coins.

Sent 36393.73359346
http://45.77.58.147/tx/6c20b7d037153b4e62c426c02b72efd36d5dc16df45059e9ed5dff5c79858a5e

Sent 20000.00000000
http://45.77.58.147/tx/3752d2764a9b03e5a1a06b294948ad0e41b69e508004192da815fa77239a7579

Sent 200000.00000000
http://45.77.58.147/tx/11dee563d568c99a116690bc4aa3359c487f2dd5eb4c03b85d466e692b09ee28

200000.90000000
http://45.77.58.147/tx/8d4dcda72194787715c94fb8d9eb28f8f123e3d8d81e4065a80961c64f354f1e

Sent 30000.00000000
http://45.77.58.147/tx/65cc78b7067abbb9b108a711504aa98a472aa4232046195eeb21cd03c022ea82

Sent 31660.10625117
http://45.77.58.147/tx/d45c2fbb4a9e5c4cb8ad60eb30e7a6e5459b9e20cd151cf2922002d0df028530

Sent 850000.00000000
http://45.77.58.147/tx/ec147018d79dc1bbe975978085ac5f31cff22d08c092133ca5b2014839989831(измeнeнo)
So after receiving roughly 17.3 million coins.
They possibly swapped 1.3 million worth (Or lined their own personal wallets.)

And here is the last wallet movement with a remaining balance of 16003845.25999728 untouched from the 19th of october.
http://45.77.58.147/address/XUQvBRg9dtHo8DzxBXbkcz7haBN6RqnCGf

So they only swapped 7 people? But they claimed they had 17mil worth of balances on the exchange?
And after swaping everyone they still have a remaining balance of 16mil?

Ratstang - Ceгoдня в 05:06
Unfortunately we've even started to swap people with our own personal coins as well as the donations.
We simply just don't have enough coins to complete the swap... But at the same time we don't want any of you to be harmed by this financially.

But as we were finishing up the last people being swapped it became very evident to us that the pending swap list was growing, and even giving you guys our own coins will never be able to afford all of it.
(This is what led to us investigating how the numbers were so far off.)

What solutions do we have?
Unfortunately since C-Cex appears to be holding 16 million coins we have limited options.

#1: We can try to strong arm C-Cex into giving us the coins back by forcing buy orders to 1sat so it has zero value for them to sell to.

#2: We can create a second chain, and swap again, leaving C-Cex and their scam coins behind... Basically taking away all value and market from them and refusing to swap them.

#3: we can work as a team in the community to come up with enough coins to swap the last few dozen people. And just hope C-Cex doesn't dump on us in the future.