Post
Topic
Board Scam Accusations
Merits 1 from 1 user
Re: !! Warning !! Bitget Exchange
by
Dhrugtest
on 16/08/2023, 13:14:03 UTC
⭐ Merited by malcovi2 (1)
I'm just going to leave it here if anyone is interested.
Like OP provided. It's is the same accusation, they are selectively scamming people.

https://www.blockhead.co/2023/04/11/bitget-exposed-as-chinese-scammers-starts-100m-asia-web3-fund/

also the trustpilot revies don't mean anything since people can pay to post fake reviews on that website.

But Evan's case and Bitget is quite a funny and popular one too I'm surprised that not many people here knew about it. I followed up on the case when there was a trend about the exchange scamming its users.
Here's what I found.

Evan who was an advisor for REELT, sold too much of his allocated token upon its listing on the exchange and a few others, thereby crashing down the price of the asset. Here's Bitget's statement to that incident. https://www.bitget.com/support/articles/12560603778479

They also made another statement saying they have compensated the affected investors of REELT due to the manipulation of the tokens price. https://www.bitget.com/support/articles/12560603782175

What I found most hilarious is that Evan himself had admitted to selling quite a lot of the token on several exchanges here's a link to the tweet containing the Screenshot of the conversation where he admitted to it. https://twitter.com/lyric_patrick2/status/1643582212678270978?t=30Rx8PM3p6GOPzzS8DcHNQ&s=19

I learnt recently that he had filed lawsuit against Bitget. I'm looking forward to the outcome of that.

For future reference, always include both sides of a story when making assertions to enable readers know the situation and also be able to judge accordingly.

Here's my take.. I'm neither affiliated with Bitget nor have I used the exchange before, but with these evidences of him admitting to selling beyond a reasonable amount of the listed token quite enough to crash its price, I don't think the exchange did wrong for freezing his funds and reimbursing other investors. Just my take tho.