[BREAKING] ETHConnect, another scam exposed by the poor choise of faking the dev team.
As I reported about many scams, lately there was an explosion of "bitconnect like" platforms, and when there is hype building up, there are a lot of scammers ready to rob you of your cryptos.
They rely on the fact that running away with cryptos and using faces of other people on their projects will keep 'em safe, that is why the SEC and other organizations from different countries are trying to regulate the ICOs.
But as any other project that lacks truth and is built upon a giant pile of lies, people are going to see that an ICO is just a scam.
This happened with ETHConnect, a ICO that copied BitConnect changing the Bit with the ETH, the second biggest cryptocurrency as of today. Their main mistake was using a fake developing team, in their whitepaper and website you could see the head of the team mentioned as "Kenjiro Tamakiro":
Too bad that this "Kenjiro" has a twin brother called Shu Tanaka, with a website full of videos and contacts:
He also happens to have a Twitter account since 2009:
Thanks to my dear friend @tizswa I had the chance to get my hands on their white paper "pre" and "after" the scam part was exposed. They just deleted one of the pages and they are trying to carry on with their scam.
If you know any people that told you about ETHConnet please share this post or just tell them about this giant scam!
Here are the 2 PDF versions of the white papers:
Keep your eyes open!
Good Job on the research. Thanks for pointing it out. If we can get a few more people doing this, and a network or organization for disseminating this info faster; we could blast every scam as soon as they come out!
img credz: pixabay.com
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