So funny what's happening lately. I hate to say it but I was right with my earlier posts.
Just so that now some dev guy behind SUMOKOIN actually admits it

Folks...don't believe everything people post on these forums. It's your money they are
having a ball with! And SUMOKOIN is a lot of talk and nothing more.

You just can't take a coin like that seriously anymore.

1. Most of the code copied (Monero, baby),

2. Desperate SUMOKOIN guy who according to the post below hires someone without checking him out,

3. Developers in Vietnam, huh? Probably just one anyway. (SUMOGR always insisted that there more than a few developers and they are "more" than qualified to do anything...)

4. Even copying a feature (Multisig) takes them forever to implement.

5. No progress in terms of technology since (12-2018?). (Gotcha!)

6. Really questionable actions (SUMOKOIN guy/team)...

7. The ECC library wasn't necessary at that point. (See first quote below!)

8. It seems like SUMOKOIN was incapable of implementing cn_heavy so they were desperate to hire fireice?! (See first quote below!)

Quotes:

- We hired fireice to create an ASIC resistant algo and to buy his ECC library code.

- "Fireice found out that Sumoshi, Haruto and Bill were actually me in most of cases."

- "Then, upon admitting that he had trouble with the law and could be lifted some day (we are not in position to judge his innocence) we decided to reconsider our stance towards him, offering him 30% of the premine and asking him to develop any feature he had in mind on his own."

- "asked us for the key images of the premined wallets (which we happily offered, we wouldnt do it if we had something to hide) and asked us for the GitHub password as insurance that he will get all the money he was asking for. We still had no doubt on his true motivation and gave him all."

Comments:

- At that point, the ECC library wasn't necessary,

- So only one guy in most cases,

- "He" is actually the developer SUMOKOIN supposedly hired. How desperate do you have to be to offer someone who is possibly in trouble with the law 30% of the premine?

- If the guy needs access to GitHub anybody in his/her right mind would become suspicious. How stupid does anyone have to be to give out her/his github password? Seriously?! Use ssh keys and an escrow service!
And you guys consider yourselves the experts of anonymity and digital currency?

Here is the link to the post:

https://medium.com/sumokoin/all-truth-and-fud-on-sumokoin-project-7af6d1a03eb0

The guys who called people asking about the premine, the development efforts, and the team "full of sh*t" should wonder who really
is the lame loser (full of sh*t) here!? Cheesy

Anyway...the above post might just be a lame excuse for what's been going on the last few weeks... Smells fishy like a rip-off...
I just feel sorry for the folks who lost a lot of money because of this coin...

Happy crashing with the coin... rebranding certainly won't save it.

PS: At the time of writing, WalletInvestor lists SUMOKOIN with rating E (possible values: A+, A, B+, B, C, D, D-, E, E-). Strange we haven't heard much from wisenheimer "sumogr" lately.