Post
Topic
Board Scam Accusations
Re: C-cex scam exchange supports PFC dumps! Trade with an extreme caution!
by
allcrypt
on 30/12/2014, 18:45:14 UTC
Sorry I didn't reply sooner - was out of town for a Christmas week off from school trip with my son yesterday, and I didn't want support staff posting this on my behalf.

I heard back from C-CEX in regards to my support ticket with them. No, I don't believe they were involved. So anyone harping about C-CEX being in on it also, please, don't ruin a site's reputation because of what you THINK. Use some facts first.

And to the guy who posted they are the same company, spreading made up crap like that is just as bad as what hashprofit did. Please, don't. Yesterday on the train I was reading bitcointalk and saw a post from someone regarding this saying that "Both C-CEX and Allcrypt are shady anyway" - and I wanted to reply and ask why. I don't know much about C-CEX. Running an exchange is a full time job. I don't have time to know the reputations of all the other exchanges out there.

But AllCrypt is shady? That just sucks. We've always went above and beyond to be transparent. Sure, we're understaffed. Our daily volume is public record. Our trade fees are public record. Do the math. We are nowhere near close in any sense to turning a profit. The little bit we made on PFC sales this past week (About 1.7 BTC if memory serves me right) is about 14% of the total we've made since we opened. Nearly a year ago. We can't afford to hire much staff, and most of the bills are paid for on my own personal credit card.

I say this not for pity or attention, but to emphasize the point that AllCrypt.com is a labor of love for me, personally. It kills me that we have a better exchange in terms of speed and features, but we're publicly called "shady", and we lose to other exchanges purely because they are bigger.

Anyway, I'm digressing. My point is posting baseless claims because you're mad is not cool. C-CEX very likely had bandwidth issues. AllCrypt had its biggest day ever topping 200 BTC total volume for 24 hours last week. C-CEX apparently topped 2,000. I don't know what our hardware would do under that sort of load. Truly. We've never hit it. And neither had they. So cut them some slack. Make accusations based off fact.

Now, as for PFC/hashprofit. I like playing crypto and cyber detective in my spare time. People have found and posted at least 2 of the PFC premine accounts, and the main one is easy enough to find. Look at Blocks 1 and 2.

Anyone who was paid out by hashprofit: Put your txid in blockchain.info... and go back. See if you find anything interesting. See if you find accounts with massive piles of BTC that you were paid from. See if you find accounts that took in massive withdrawals (30, 50, 100 BTC) where it was funded by 50, 80, 120 input addresses. Who has 120 input addresses with coins in them?

Exchanges do.

Check your accounts at AllCrypt and C-CEX. See if YOUR BTC address is in those lists. If it is - you know that TX was a payout from that exchange.

Which would confirm the PFC devs were selling tons of something - it could well be that it was coins that were SmartMined - they said they mined altcoins, sold for BTC, then paid out BTC. But 100 BTC a day? Likely not. And withdrawing it. And paying you with those proceeds.

I truly have no proof of anything, and if I did, honestly, I couldn't say. Its not my job as an exchange operator to pass judgement on what coin devs do. I know some will think me a heartless asshole for saying that, but I truly believe in personal choice and freedom, and wholeheartedly stand against someone else telling me what I can and cannot do - even if it's something stupid that will cost me money.

So no, we would not reveal info if we had it (Seriously, hand to god (or whatever you raise your hand to), I have no real concrete knowledge of anything, just hunches and hints). It would tarnish the integrity we try and maintain (regardless of a personal view that NOT saying something shows "no integrity". We mean our integrity as an exchange, to protect the identity of coin dev and coin trader alike, if they so choose).

That being said, I have zero problem pointing out public, well known facts that people who, if they stopped to think for a moment, should have figured out already, or not viewed through cash-colored glasses ("I know it looks 120% like a scam, but it MAY come back up on Jan 5th like they said... *fingers crossed*")

Poke around block explorers. See what you find. Make your own decision.