[SCAM] UBEX

Link:
WEBSITE https://www.ubex.com/
WHITPAPER https://www.ubex.com/wp/Ubex-Whitepaper-en.pdf?1907
ANN THREAD https://bitcointalk.org/index.php?topic=3393244
TELEGRAM https://t.me/UbexAI
FACEBOOK https://www.facebook.com/UbexAl/
TWITTER https://twitter.com/ubex_ai/
LINKEDIN https://www.linkedin.com/company/ubex-ai

Firstly, Artem Chestnov it's one of the founders of the Ubex project worked in scam project Latoken.

Proof:
https://www.trackico.io/member/artem-chestnov/
https://www.linkedin.com/in/artem-chestnov-aa5461/

Receiving money

Receiving money in ETH is carried out to a single address 0x2cc1060de78aa44e3e6a86102fac93f1de49adb2, and to receive BTC, LTC (possibly something else), personally generated wallets are used for each user. This gives at once a package of potential threats and problems. Such as:

Receiving money for different wallets means that no one can check, but whether the money was collected. Smart contract 0x2cc1060d ** sends money only to the beneficiary's purse https://etherscan.io/address/0xf8eed1ae306a07d8899de8dabc3783974a680830 At the moment there is 6,017 ETH. The site says that they received 23,773 ETH
Why do they make individual wallets for BTC? In order to make it easier to identify the investor.
In case of hacking, a hacker, a disloyal programmer, an admin of web hosting and so on can secretly substitute the algorithm for generating personal purses, then hacking will not be detected quickly enough. If the purse was a single one, the investors themselves would start asking questions. The threat of losing money and not noticing breaking in time is a serious justification why you can not collect money for personal wallets

Distribution tokens

https://etherscan.io/token/0x6704b673c70de9bf74c8fba4b4bd748f0e2190e1
From this page it can be seen that the company's programmer from the wallet 0x474e028b9710bef801D3a0bA3c282e729C0e3591 received tokens at the publication of the contract, thanks to this code

Code:

contract UbexToken is DetailedERC20, StandardToken, BurnableToken, PausableToken {
function UbexToken( uint256 totalSupply ) DetailedERC20 ( UBEX Token, UBEX, 18 )
{
totalSupply_ = totalSupply;
balances[msg.sender] = totalSupply;
}
}

Further, the main smart contract only distributes tokens, and only for ETH. Tokens for non-ETH will be distributed at the request of the builder, and the remainder at his own will probably promise to be burned.
From this we can conclude:

Tokens are distributed at will of the person
There is no point in a smart contract, because they are easily manipulated by a person.
Founder can deceive investors, for example, by sending someone tokens more than they paid, or or do not burn off the extra.

Smart contract

The management of ICO is completely manual, which indicates an extremely low technical level of the company.

The start / end of the ICO is determined by the state of the variable "closed". The value of the variable is set by the owner of the Crowdsale contract.
It should be noted that the builder can resume sales after completion without any restrictions.

Code:

function closeCrowdsale(bool closed_) public onlyOwner {
closed = closed_;
}

Discounts and bonuses are also entered manually using the method:

Code:

function setBonusMultiplier(uint256 bonusMultiplier_) public onlyOwner {
bonusMultiplier = bonusMultiplier_;
}

Investor does not receive tokens immediately. Tokens put to it will be stored in the associative array of balances.
And the funds contributed by the investor go to the wallet of founder.

Code:

function _processPurchase(address _beneficiary, uint256 _tokenAmount) internal {
   require(!hasClosed());
   balances[_beneficiary] = balances[_beneficiary].add(_tokenAmount);
   tokensIssued = tokensIssued.add(_tokenAmount);
}

In this case, the owner can at any time increase the value of the tokens intended for any purse, for example, for himself:

Code:

function addTokens(address _beneficiary, uint256 _tokenAmount) public onlyOwner {
   balances[_beneficiary] = balances[_beneficiary].add(_tokenAmount);
   tokensIssued = tokensIssued.add(_tokenAmount);
   emit TokenAdded(_beneficiary, _tokenAmount);
}

Also about them negatively spoke Ian Balina

Edit: I know that this is not a sign of scam, but they extended the ICO for one month.

Source