Post
Topic
Board Marketplace
Re: How to monetize an Exploit (Privilege Escalation) on Exchanges?
by
gadhashin
on 09/03/2021, 13:16:12 UTC
Around 2019 PremiumCodeX posted on bitcointalk forum results of his tests of variuos trading bots [none of the results can be verified by backtesting because none of configurations/settings used were posted].
After that reviews PremiumCodeX posted on bitcointalk forum results of tests of his own bots he claimed were developed and offered to invest in these trading bots to share trading income.
To participate in such investments PremiumCodeX proposed to contact him via telegram where he gave the details of income sharing and promised investors that all investments up to USD 5.000 will be recovered in case of trading bots faults:
https://ibb.co/KsnW31W
https://ibb.co/phZNtB0
Around October, 2020 PremiumCodeX informed his investors in the telegram groups/accounts that he lost all money by doing manual trades with high leverage on deribit instead of tading bots operating.
During teleconference with investors on November 18, 2020 PremiumCodeX admited his fault and agreed to refund the investments made by investors.
Here is a link to a short summary of the conference (thanks to @wallier2t2):
https://docs.google.com/spreadsheets/d/1Nn14GlKV4x__EkTvHtyu1RDSpCZDEaIPOvVS5NQPMak/edit?usp=sharing
[in case Moderator is interested in, a video record from the conference is available]
Since that no any refund payments were done, apart from PremiumCodeX banned most of the investors in his telegram groups/accounts.