Another Cryptocurency Startup Pulls Exit Scam With $4.5 Million

Discussion in '[H]ard|OCP Front Page News' started by rgMekanic, Feb 12, 2018.

  1. rgMekanic

    rgMekanic [H]ard|News Staff Member

    Messages:
    5,084
    Joined:
    May 13, 2013
    In what's becoming a theme, a report from TNW states that yet another cryptocurrency startup has pulled the exit scam, this time after raising $4.5 million in a series of initial coin offerings. The company LoopX has vanished, and pulled down it's website and all social media including Facebook, Twitter, YouTube, and Telegram accounts.

    According to a cached version of it's now deleted website, investors pledged 276 Bitcoin and 2,446 Etherium into LoopX. It was a bit obvious just based on the name, HyperLoop + SpaceX to hit all the buzzword goodness. All to just vanish with the investors money, and not even leave a farewell "penis." Rude.

    “Finally the opportunity is here for the common investor to be part of a revolution and be finally free, financially free,” said the now-removed LoopX white paper. “Our top priority is to give you an opportunity to sit back, let us do the work and watch your money grow.”
     
  2. Jim Kim

    Jim Kim 2[H]4U

    Messages:
    2,698
    Joined:
    May 24, 2012
    I know what I'm doing for christmas. Now what is cryptocurrency and how do I start it up?
     
    dvsman, Armenius, almalino and 2 others like this.
  3. Emission

    Emission [H]ardness Supreme

    Messages:
    4,129
    Joined:
    Dec 6, 2005
    I wonder how many fake crypto startups it's going to take to get people to quit buying into this garbage.
     
    mynamehere, F.E.A.R., mwarps and 8 others like this.
  4. Borgschulze

    Borgschulze 2[H]4U

    Messages:
    3,562
    Joined:
    Feb 28, 2005
    I'll let you know for just 1 bit coin.
     
    HockeyJon, potency, katanaD and 24 others like this.
  5. Emission

    Emission [H]ardness Supreme

    Messages:
    4,129
    Joined:
    Dec 6, 2005
    :shifty:
     
    Armenius and griff30 like this.
  6. GoldenTiger

    GoldenTiger 3.5GB GTX 970 Slayer

    Messages:
    18,062
    Joined:
    Dec 2, 2004
    Addy?!
     
  7. viscountalpha

    viscountalpha 2[H]4U

    Messages:
    2,365
    Joined:
    Oct 16, 2011
    These fake currencies can damage the well-being of real currency. Sometimes it's not about reality but the perception of reality.
     
    mynamehere and griff30 like this.
  8. Zepher

    Zepher [H]ipster Replacement

    Messages:
    16,434
    Joined:
    Sep 29, 2001
    U.Cash is kinda suspect at the moment. https://coinmarketcap.com/currencies/ucash/
    Had an 800+% boost the other day. Went from 0.0037 per coin to almost 23cents in 2 days.
    If you had bought $500 worth 4 days ago and were able to sell at the peak, that would have been $32,500 in profit in a few days.
     
  9. gxp500

    gxp500 Gawd

    Messages:
    756
    Joined:
    Mar 4, 2015
    [H]coin opening soon, pm for details! Kyle gets a discount!
     
  10. Dead Parrot

    Dead Parrot [H]ard|Gawd

    Messages:
    1,981
    Joined:
    Mar 4, 2013
    That's the beauty of it, you don't have to know anything about crypto or blockchain or any of that stuff. You just need a nice website, social media sites, a few glossy mailouts and a crypto sounding name for your new money and company. Oh, don't forget a bank account for folks to send money to for the shares in the new company. Be sure to have an exit strategy, preferably to a non-extradition treaty country with good bank secrecy laws.
     
    tungt88, Armenius and Jim Kim like this.
  11. Master_shake_

    Master_shake_ Little Bitch

    Messages:
    7,517
    Joined:
    Apr 9, 2012
  12. buttons

    buttons [H]ard|Gawd

    Messages:
    1,991
    Joined:
    Oct 12, 2011
    you guys missed out on Ponzicoin. Actually i was quite mad that i couldnt get in before they shut it down.
     
    viscountalpha, Armenius and emphy like this.
  13. Morlock

    Morlock Limp Gawd

    Messages:
    448
    Joined:
    Jun 8, 2012
    Ponzicoin, lol. Doesn't beat Madoff Money, though.
     
    tungt88, Armenius and alxlwson like this.
  14. Twisted Kidney

    Twisted Kidney 2[H]4U

    Messages:
    3,151
    Joined:
    Mar 18, 2013
    Who wants to buy into an exciting new investment opportunity? Twistycoin is coming and now is the best time to get in on the ground floor of this incredible new profit making engine! Don't get scammed by currencies, that's the gubmint and they take everything, internet coinage is the future of all trade! That's right, this is the future, the future is RIGHT NOW! You want to own the future don't you?

    Cash only please. No credit, no cheques.
     
  15. Krenum

    Krenum [H]ardForum Junkie

    Messages:
    13,853
    Joined:
    Apr 29, 2005
  16. rgMekanic

    rgMekanic [H]ard|News Staff Member

    Messages:
    5,084
    Joined:
    May 13, 2013
    You didn't say blockchain 11 times, ima pass.
     
  17. Riptide_NVN

    Riptide_NVN [H]ard|Gawd

    Messages:
    1,731
    Joined:
    Mar 1, 2005
    Sucker born every minute. It can be tough to separate the wheat from the chaff. Then again sometimes all it takes is a bit of effort.

    I see that may be asking a bit too much from some people.
     
    tungt88 likes this.
  18. Red Falcon

    Red Falcon [H]ardForum Junkie

    Messages:
    9,726
    Joined:
    May 7, 2007
    Power perceived is power achieved. -Ernie Hudson
     
    viscountalpha likes this.
  19. Wolf_Tech

    Wolf_Tech Limp Gawd

    Messages:
    220
    Joined:
    Sep 19, 2010
    Love them ICO's. I'll stick with my BTC
     
  20. Snowdensjacket

    Snowdensjacket Limp Gawd

    Messages:
    220
    Joined:
    Apr 10, 2017
    If you do know about it then you realize that bitcoin is literally not capable of fulfilling it's promises, and infinity coins will never work.
     
  21. Lakados

    Lakados Gawd

    Messages:
    696
    Joined:
    Feb 3, 2014
    The only coin worth a damned would be HubCoin, done by the good people at pornhub, if they did a coin, but they don't so there isn't.
     
    griff30 likes this.
  22. daglesj

    daglesj [H]ardness Supreme

    Messages:
    4,833
    Joined:
    May 7, 2005
    I can only imagine those that want to get caught out have a real desire to do so. I tried to setup buying one type of coin (just £10 worth, not stupid) to see how it all worked.

    Well I have to say most, if not all of it didn't work, dead-ends, poorly documented, unnecessarily overcomplicated for what was trying to happen, account after account setup (with my junk email account) with no functionality and several 'Exchanges' just failed.

    (Kind of reminded me of trying out Linux/a lot of open source software.)

    Dumped it all and walked away..£10 still intact.

    You'd have to be insane to want to get involved or a crook perhaps.
     
  23. alamox

    alamox Limp Gawd

    Messages:
    467
    Joined:
    Jun 6, 2014
    The key words there are able to sell
     
    Armenius and Zepher like this.
  24. bristol17

    bristol17 n00bie

    Messages:
    15
    Joined:
    Sep 23, 2016
    Why do they even bother deleting their facebook, twitter, etc? If your end goal is to screw people over then why not just close up shop and watch everyone post complaints for the next 6 months on your social media?
     
  25. TheBuzzer

    TheBuzzer HACK THE WORLD!

    Messages:
    12,499
    Joined:
    Aug 15, 2005
    Here is a pic that describe everything

    [​IMG]



    They just take your money and run
     
    GoldenTiger and dvsman like this.
  26. DigitalGriffin

    DigitalGriffin [H]ardness Supreme

    Messages:
    4,798
    Joined:
    Oct 14, 2004
    What? People trying to get rich quick getting dupped? Well color me shocked! Shocked I tell you!

    They will get caught.
     
  27. Rahh

    Rahh [H]ard|Gawd

    Messages:
    1,410
    Joined:
    Jan 14, 2005
    The crazy part is that people backed this with their other crypto coins. Too many morons in this world!
     
  28. James Robinson

    James Robinson Limp Gawd

    Messages:
    278
    Joined:
    Dec 4, 2016
    I see these articles, and I want one of those desktop buttons that simple play "You're fucking stupid" when you push the button... and I can just tap it every time someone criys about getting scammed in a process that involves something for nothing generation of virtual numbers at an imaginary estimated value being sold for real currency and credit.....
     
  29. oROEchimaru

    oROEchimaru [H]ardness Supreme

    Messages:
    4,605
    Joined:
    Jun 1, 2004
    I was hyped on ICO (digitex) and i was super excited... good solid team. A few days before the ico the guy only posts videos/pics of himself in a house... those team members dont exist. Then he starts banning people and closing threads on reddit except the ones he posts.

    It was a scam.. here I was excited, luckily I bought $0 worth. The worst part is alot of the folks buying the ico stuff are from 3rd world countries and you can see them making 10-50$ purchases.
     
  30. James Robinson

    James Robinson Limp Gawd

    Messages:
    278
    Joined:
    Dec 4, 2016
    If you say 'Block-Chain' 3 times while looking in a mirror, the Ghost of Monty Hall will appear and rip your face off...
     
    rgMekanic and dvsman like this.
  31. dvsman

    dvsman [H]ard|Gawd

    Messages:
    1,959
    Joined:
    Dec 2, 2009
    I thought you had to bend over and look backwards between your legs first ...
     
    DoggyDaddi likes this.
  32. oldmanbal

    oldmanbal [H]ard|Gawd

    Messages:
    1,686
    Joined:
    Aug 27, 2010
    THIS.

    People invest in these currencies because of the INSANE potential for early investors to make a KILLING and get out. 2 days, and 800% profit scaling, tell me anywhere else in the world where you can find this on a regular basis. Most people that are savvy enough to be investing in niche crypto startups are typically well educated in crypto currencies and their respective market, looking for a high risk, high reward platform for their crypto portfolio.

    Using the scenario above, even if you got burned 4 out of 5 times you invested $500 worth, you would still be left over with THIRTY THOUSAND DOLLARS in profit.

    Lets say you get burn 9 out of 10 times, you still made over TWENTY THOUSAND DOLLARS in profit.

    If this was your shtick, and you were addicted to investing crypto, why would you ever stop!? knowledge people.
     
  33. steakman1971

    steakman1971 2[H]4U

    Messages:
    2,098
    Joined:
    Nov 22, 2005
    I'm going to approach PornHub with my new idea: TitCoin. It takes block chaining to a whole new level.
     
  34. PaulP

    PaulP Gawd

    Messages:
    651
    Joined:
    Oct 31, 2016
    Something about fools and their money comes to mind...
     
  35. raz-0

    raz-0 [H]ardness Supreme

    Messages:
    4,393
    Joined:
    Mar 9, 2003
    An ICO scam? You don't say.
     
  36. DoggyDaddi

    DoggyDaddi Gawd

    Messages:
    785
    Joined:
    Sep 10, 2002
    Don't you mean cock-block chaining?
     
  37. Xrave

    Xrave [H]ardness Supreme

    Messages:
    7,107
    Joined:
    Jun 29, 2004
    Waiting for Star Citizen to be the next one
     
    mashie likes this.
  38. bman212121

    bman212121 [H]ard|Gawd

    Messages:
    1,519
    Joined:
    Aug 18, 2011
    The roulette table at Vegas :p
     
  39. oldmanbal

    oldmanbal [H]ard|Gawd

    Messages:
    1,686
    Joined:
    Aug 27, 2010
    There's not educated guessing in roulette though, just cold hard chance (unless the game is rigged, in which even that is fucked beyond belief.)