This site was my source of the 2 most invaluable lessons in crypto - Trading and Scamming. Anyone else find the UI of this and Mercatox quite similar?
Yes, similar UI, but everything looks similar in crypto. I wouldn't be surprised if the owners were the same. They're probably still holding the majority of the shitcoins or they lost the wallets when their servers crashed since most of the listed coins weren't liquid enough to dump or tradeable anywhere else. I was just reminiscing about XP clearing the $1b market cap on Jan 5, 2018 before coinsmarkets went down.
https://coinmarketcap.com/currencies/experience-points/Also, these scammers can still be traced with enough effort. My guess is they only got a percentage of the coin proceeds(maybe about $10m rather than $100m). They probably leverage traded it down to nothing by now.
https://www.coindesk.com/theres-a-new-way-to-get-your-stolen-crypto-backWhen users realized they weren't getting their funds back, they moved on with their lives. That's why scammers can keep on scamming. It takes too much effort to catch them with little reward unless you lost your life savings. I ended up making back the 4 btc I lost times 2 or 3, but I went ahead and lost that. I've finally been able to get away from crypto after two years and will hopefully be able to buy 10 btc at the end of this year.