Re: The WeExchange 2nd Stage Scam! Currently ~$1,000,000 (Check the NEWS)
I don't understand why Ukyo knowing there are problems with weex still happily was receiving funds there.
He did not give a warning to not send funds to weex. That is bad sign.
Another thing is private data collection. He shutdown the exchange, but prior to that weex collected impressive amount of personal data of non-US citizens.
So we have these puzzles:
- withholding withdraws
- collecting personal data
- taking more money in
- outsourcing the problem to neobee
- mystery promise of big weex being transformed to something extraordinary
Maybe this is just drama-show to attract more attention to NeoBee ?!
In early days Polish exchange BitChange was hacked and MtGox stepped in to reimburse all missing coins.
Everybody where happy and mtgox gained broad attention and credibility.
He did not give a warning to not send funds to weex. That is bad sign.
Another thing is private data collection. He shutdown the exchange, but prior to that weex collected impressive amount of personal data of non-US citizens.
So we have these puzzles:
- withholding withdraws
- collecting personal data
- taking more money in
- outsourcing the problem to neobee
- mystery promise of big weex being transformed to something extraordinary
Maybe this is just drama-show to attract more attention to NeoBee ?!
In early days Polish exchange BitChange was hacked and MtGox stepped in to reimburse all missing coins.
Everybody where happy and mtgox gained broad attention and credibility.
The fact that he was accepting funds proves that he is a scammer. In fact there is still no sign that WeEx stopped accepting deposits. You can go all the way to the deposit address and there is no warning. I think that you can still deposit there! (To be honest, I haven't tried it
) . To me this is a clear sign that it is a scam.On the other hand, I do not believe that Neo&Bee wants/can bail out WeEx. We are already talking about $1.5M and this might just be the tip of the iceberg. This Neo&Bee business is something that probably no honest person wants to know about.
It indicates, Jon convinced himself he could/would be able to sort it. Obviously, he failed miserably, but the fact he was accepting funds and there were no warnings means the charge of fraud, theft, or receiving monies by deception, makes it a whole lot easier to pursue legally, if people choose that route.
The word 'scam' is not appropriate here.
He is still accepting deposits or at least there is nothing on the site indicating otherwise. Since at this point Ukyo explicitly said in irc chats that he was not sure how and when he can pay back, this is already deception. People who deposit now might think that they can withdraw any time.