Concealcoin is 100% scam.
How does Cryptsy add a coin so quick, when other coins have paid votes plus regular votes and haven't been added on. My guess is that one of their cronies created the coin, with a short PoW + whitepaper to create panic trading and hype and a rush on the exchanges to trade the coin.
Then Bittrex/Polo hop on the scam train and list this giant turd.
24HR PoW + Whitepaper scam = hype and huge exchange trading volume. Plain and simple.
These exchanges need to be careful. I know Bittrex and Cryptsy and US Based so if they are complicit to this scam then they can be shut down.
People are asking why the dev would scam if they didn't premine. Well, they don't need to premine if the scammer owns an exchange and makes money from the fees.
If Cryptsy is behind this scam then I am dumping all my shares.
cryptsy or polo had like no vloume over all of this if any exchange did this then bittrex , however they wouldnt want to ruin their reputation over this as exchange no1 , as sad before it doesnt add up
Cryptsy was the first exchange to add it, most likely in the hope that all the volume would go to them. Either way, I still believe that this is a exchange created coin to generate volume so that they can make money from fees, nothing more. Its a scam and if I am correct, you can expect criminal investigations, as these exchanges are based in the US.