Quote from: bushstar on August 15, 2020, 07:36:24 PM

Quote from: Crypto Invester on August 12, 2020, 02:09:19 PM

Hey,

I would like to report the following. At the moment, everyone who holds the coin is being scammed by the team behind feathercoin and the exchanges where the coin is sold. To explain the above approach: I own feathercoin that I keep on litebit.eu. I cannot access my funds while it is my property. I have indicated to litebit that I want to transfer the coin to my wallet, but I get the following feedback. Litebit indicates that the coin's creator Peter Bushnell has sent requests to all exchanges where feathercoin is traded, such as litebit.eu, to block people's funds from withdrawing. This is so strange to me, while I have given my money and the currency is my possession, the exchanges can decide, together with the maker of the currency, to refuse withdrawal. If this is true, my question is, why did Peter Bushnell send such an absurd request to the exchanges to block people's funds from withdrawing. There is some weird behind this and all I think is the cash out scam acts. Litebit and the other exchanges are going to sell the funds of people holding it on the exchange when people are blocked from withdrawing their own assets. a big spike will surely come and they will take action. Or the spike to 20 satoshis is now being laundered through people's funds.

Peter Bushnell here. All exchanges have been asked to restore deposits again. I asked exchanges to disable deposits while they upgrade all upgrade their wallets to the latest version and we upgrade the 51% attack protection to a new version. There was a period where the protection was disabled and we did not want exchanges to be attacked during that period.

Apologies for the inconvenience.

Dear Peter,
I work for a detective agency in the Netherlands. My knowledge is broad and therefore I would like to make the following known to you. The moment the currency was blocked by the exchanges for customers to withdraw and / or sell ... at that point a supply of feacthercoin coins was dumped on the market causing the price of feathercoin to drop to 20 satoshis. We thus suspect that the blocking of client funds and the dump on the exchanges and the price hike afterwards, which has resulted in 400% profit for someone, i assume the exchanges, are fraudulent practices that need further investigation. We are aware that the exchanges have dumped coins in the market that was not owned by the exchanges but owned by the customers. Litebit.eu has already indicated that the above assignment was ordered by you, this has also been confirmed by you. We will continue to gather information from customers to take steps on these fradulous collaborative practices with the exchanges.

To help us further in our investigation, we would like to ask customers who have an account with bittrex and litebit.eu and who had feathercoin in their possession before May 1 to report this to us, as the facts can then be presented more quickly.

loyalbits@gmail.com is my private email where people who feel duped by these practices can leave their report and the report will be included in a report to FIOD.

Kind regards.

Crypto Invester

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