Post
Topic
Board Announcements (Altcoins)
Re: XNET Cash
by
EternalFrozen94
on 02/04/2022, 14:36:53 UTC
========= SCAM COIN ALERT =========
========= SCAM COIN ALERT =========
========= SCAM COIN ALERT =========
========= SCAM COIN ALERT =========
========= SCAM COIN ALERT =========
========= SCAM COIN ALERT =========

These developers do nothing but PoW pump-n-dump schemes.
1. They fork a coin and create a website in 5mins on wordpress
2. enlist it to Exbitron exchange / hivebeewallet and massively dump it
3. Developers disappear
4. Create a new coin

For this current coin they have been mining it with three guys since December.

========= SCAM COIN ALERT =========
========= SCAM COIN ALERT =========
========= SCAM COIN ALERT =========
========= SCAM COIN ALERT =========
========= SCAM COIN ALERT =========
========= SCAM COIN ALERT =========

I think the reason that Exbitron is mostly being used in cases like you said is because they only require 5000 of their native token/currency for listing of one trade pair - which cost only around 55$ for 5000 token. So imo they doesnt really related to these scam, just being too easy with listing since they're new.