Scammers Turn to Threatening in Attempt to Rob ICO Project
Scammers are ready to use any means in order to reach their aim of money extortion, even going as far as directly threatening founders of ICO projects
07 March 2018
Just a couple of days ago we have reported about the scammers, who invented new ways of fraud, starting cyber-hate campaigns against the projects which were in their ICO phase and promising to stop false accusations only after they received the reward.
The strategy they used was pretty much the same with all projects they threatened. The scammers started a cyber-hate campaign in social networks and on the bitcointalk forum. They wrote different versions of the same accusations to all the projects, attacked the members of the project team, the project itself, invented non-existent facts. Then, the attackers contacted one of the project team members offering to stop the hate campaign for a reward.
But it turned out that the scammers did not plan to stop only on spoiling the reputation of ICO projects.
FireLotto refusing to pay to the scammers
When FireLotto, which starts its ICO on March 15, and which became the victim of the attack, refused to pay for the cyber-hate campaign being stopped, the scammers started real threats, mentioning health and freedom of ICO representatives.
Scammers requested FireLotto to pay for stopping cyber-hate campaign:
Let me help you. Until tomorrow night no one will post anything. Cover all pages with you banners and advertising. After that I will write a few positive comments. After I do it, you have to make a payment and then we can start working. That is the best deal for you, and I am already really tired of you wasting my time.
Scammers email to FireLotto
But FireLotto strongly refused:
We have already responded that there are fair and honest ways to earn money. We will not be able to talk if you continue to threat us with extortion. You can, for example, earn money by offering promotional packages or providing technical support for the projects. Now you are just wasting your time, and, for sure, nobody will pay you for that.
When the scammers realized that FireLotto does not intend to pay 1,5 ETH which they requested as a reward for stopping attacking project’s bitcointalk forum, DDOS attacks and promoting FireLotto ICO project as a scam, they started sending threatening texts directly to the admins and founders of the project.
Scammers texts to FireLotto
As you can see from the chat screenshots, scammers even wrote that being caught by the police will be the least of the problems that FireLotto ICO will face, and started threatening them with hurting their health, promising to show how "soldering iron" works in action.
Fire Lotto project will in no way encourage scammers and give them what they ask for, and the project team will keep the community informed about extortion, hating campaigns, and any threats from the attackers.
We also recommend our readers to trust only official channels of ICO projects, and we will keep track of any news regarding cases of fraud, money extortion and dangerous projects.
Check these cool new ICOs: Modex, Coin Analyst, eLYQD, BitNautic, Pool of Stake, Tachain and Solidfied
23 September 2018
Every week we find a large number of projects which are holding Initial Coin Offerings in order to be able to bring their incredible ideas to life. There are a lot of news regarding ICO and cryptocurrency, and we do our best to report about the updates released, or the crypto conferences held all over the world. And now it’s time to look at the ICO market! In a list below you will find our reviews of the projects we consider worth looking at this week. As you already know, Hype.Codes team is working hard to deliver all top-notch ICO news!
Modex has built a Smart Contract Marketplace and a Blockchain Developer Tools Platform. Modex aims to become the go to place for developers looking to monetize their blockchain programming skills and increase their revenue, as well as companies in need of blockchain development services and ready-to-buy smart contracts.
CoinAnalyst is an information and analysis platform for all cryptocurrencies and ICOs worldwide. Purchase and sale decisions can be made on the basis of valid data and intelligent analyses. This enables the user to identify opportunities and risks and react promptly and proactively to price fluctuations. The application thus creates a high degree of transparency when it comes to operating in this new and volatile market.
One of the main features of eLYQD is the use of blockchain technology, which allows making the platform transparent, open and as safe as possible for both transaction parties, reduction of transaction and business costs, and simplifying of the purchase process.
BitNautic is a decentralized platform, based on the Ethereum Blockchain, for matching demand and supply of shipping services, for all the industry stakeholders: producers of goods, ship owners, charterers, brokers, importers and exporters. BitNautic comes with distinctive features like AI (Artificial Intelligence) based booking system, a real-time tracking of ships and cargo, and a wholesale e-commerce platform.
Qtum, Stratis, Universa and soon Ethereum holders can unite in the Pool of Stake and start staking together. Pool of Stake aims to operate in all types of PoS blockchains- Smart Contract platforms or blockchains with a delegated mechanism. The main goal for Pool of Stake is to increase the profits for small stakers by enabling a trusted environment to pool funds together. For this purpose, two ERC-20 tokens are used. First, the PSK token that gives discounts an rewards withdrawal fees. Second, an IOU token that acknowledges the user’s investment. The PSK platform will provide an analytics tool via a smart i.o. database that will allow members to track, control and optimize their investments. In this white paper, we explain the implementation of Pool of Stake and its services. We elaborate the governance vision which will be developed in the coming months to ensure that the PSK community remains.
Tachain provides comprehensive ad targeting system for advertisers while maintaining full security and effectiveness of a full scale transportation app. With our functionalities in play, we are in a position to steer toward our mission of providing a valid and secure blockchain based service full of fun and joy to our users.
The future will be built on smart contracts. Smart contracts are only as secure as the code they are written in. As they are immutable after release, they need reliable security due diligence to earn companies and users trust and value. With 200+ code experts and 400k ETH of market cap. secured, Solidified is the market leader in smart contract security already. We know the market and its bugs. It's still fully centralized which allows for fraud and hacks and bad or lazy work hardly has consequences for the auditor. We can fix this. Introducing the first decentralized audit system & Bug Prediction Market! Actors can stake on whether a vulnerability will be discovered in a smart contract by a certain date. The basis for such a market is a smart contract that has been audited and secured by an individual or a group of auditors using the Solidified platform. These actors are held accountable for securing the code by having staked income and reputation in the form of the Solid Token.
Hype.codes team works everyday to bring you the best reader’s experience. We are trying to add some new cool features every day. Hype.Codes Rate is average, abstract ranking of ICO, that we give to every upcoming ICO. It depends on such criteria:
Landing webpage design
Completeness of information provided on the landing webpage
Convenience of information search on the landing webpage
The concept itself
Reputation and accessibility of information about the project team, their experience
Project activity on social networks
And many other
We hope that you like the idea of Hype.Codes ICO ranking and maybe it will help to navigate through the stormy sea of blockchain-based start-ups.