Quote from: Selena887 on August 07, 2019, 04:24:47 PM

Ah credits, the scam that keeps on giving.

A quick look at the team wallet already shows us that the team is quietly exit scamming:
https://etherscan.io/token/0x46b9ad944d1059450da1163511069c718f699d31?a=0x76eb62c98ad23baf1fb0b819cf0c5412dd57bcfa

See the txs out of the team wallet?
They all seem to be going to random wallets right?

well, not exactly:
https://etherscan.io/tx/0x8fb5dae4adda362db66f6af1d1d408a4c8d7d45e8c601c95801fba306f2b1ff1
https://etherscan.io/tx/0x66a3943e3edf58f360097fd24e233079c57da858ef2e95f44afe03d14972e3ff

these are 2 transactions that were done right after each other.

If you closely examine these accounts, you'll see that they both end up sending the tokens they have received to:
https://etherscan.io/token/0x46b9ad944d1059450da1163511069c718f699d31?a=0x022d5eae23955fb32c977a68556d11349fb6ae44

Now if you examine this address, you'll see that it is only transacting with the KuCoin2 cold wallet, and only in credits transactions:
https://etherscan.io/address/0x022d5eae23955fb32c977a68556d11349fb6ae44

Which means, that this is 1 users KuCoin CS deposit account. You know if you make a KuCoin account, and you can generate a specific CS wallet to send you tokens there.
This is probably the team's (or Igor's

) kucoin wallet.
Meaning, all of these different eth-addresses receiving various amounts of credits tokens, are sending the tokens to the same kucoin address afterwards and probably end up dumping the tokens there.

So if you ask this question in the credits chat 3 things might happen:
1) They'll say it's the developers that wants to be paid in credits and storing their tokens on kucoin, instead of their own wallets. Which doesn't make any sense. Salaries are paid at the end of the month, not at random times during the month. Furthermore, are all the developers using a joint KuCoin account? Lmao...
Furthermore, developers storing their tokens on a crappy exchange wallet, which are KNOWN to be hacked frequently.

2) They'll say it's bug bounty hunters selling or storing tokens. Which also doesnt make sense because the max reward is $3k, while some of the transactions are way higher, close to 5-6k$. Again, why are these bug bounty hunters immediately transferring their tokens to kucoin? And also are these bounty hunters also using a shared account? :').

3) They'll ban you, and delete any evidence of the questions you've asked.

I think they have run out of money and are no longer able to sustain the company.
Either they are trying to hold on for dear live, or they are quietly trying to exit scam by squeezing out the final few 100k$ out of the project by selling of max amount of team tokens before everyone wakes up.

Which would make sense why they are trying to hide these txs by doing 1-2 random wallet hops, before they end up at the same kucoin wallet, where they are beind dumped (just look at the price action the past month. Price took a nosedive after these txs started happening).

Thanks for the time you put into CS and this research. I appreciate this very much as an investor in this project!

For my clarity, there are several transfers of CS tokens that took place from the wallet of the team to other wallets. Two of these transfers went from CS wallet > Unknown wallet > Kucoin wallet. Both transactions include about 85k of CS tokens. This is what you are referring to as scam? Correct?

I have invested in quite a few projects and I don't be surprised that the team sells tokens for funding, if that is the case in this story. As far as I know, advisers/bounty-hunters/persons/organisations that contribute to CS do receive their earnings in CS, not only in an official currency. There could be many reasons for these transactions, are there other patterns you saw during your analyses?

Besides the reason for these transactions, there is more than enough funding to 'buy' a listing which would be much better to perform an exit-scam if you ask me. Apart from the fact that CS has been developing continuously for years now, made some incredible (not yet released) steps and partnerships, which makes it more remarkable (even unique) if in this phase an exit-scam will take place, especially in the way you have researched and suggest.

I think that as a co-investor you don't have to worry that CS is planning an exit-scam, especially with the upcoming news that will be released the next weeks/months Wink

Thanks again and keep up the good work, cheers!