[WARNING] Potential SCAM ICO emerging soon, if not already out - CashTelex

[btcltcdigger]

So, TLDR;

Today I was approached by this "promise it's not fake" telegram account @MichelleJamess

Standard stock image picture of a white female at a laptop, nothing suspicious, right?

Flag 1:
- image is grainy, and looks like a stock photo



Does she look familiar?




Flag 2:
- conversation starts with "Hi Sir"

** now I know that this might just be manners on someone's part, as they're polite, but in crypto world, usually the use of "sir" is associated with certain groups of people

Flag 3:
- negotitation and their offer: "we're ready to pay only in our tokens, after the ICO ends"



** normally, this isn't any concrete reason to flag the project as SCAM, but in combination with others, it's a dead giveaway

Flag 4:
Their website http://cashtelex.com/ has all the buzz words that people want to see
- small soft cap
- backed by gold, silver, land, condoms, etc...
- kyc
- small price
- reasonably ok bonus

Which would be normal for a good ICO, except:
- their roadmap is silly and unreallistic
- they don't have any team
- half of the stuff on website doesn't work properly
- data on their website is inconsistent





So yeah, i'll leave it at that. Be warned, and DYOR before doing any investing

[Hellmouth42]

You are Bounty manager, thank you for this warning and your vigilance in trying to detect potential scams.
You have a big role to play in this domain.

[btcltcdigger]

Update:

@MichelleJames is now @CryptoGeek11 on TG lol

[morvillz7z]

Imagine every bounty manager do their due diligence to check projects thoroughly before accepting the job.

Big props to OP!

[btcltcdigger]

So the saga continues.

Some time after I've posted this, i get pm'ed by their "official" admin claiming that he didn't know about the @MichelleJames, and that this is totaly not related tot he official team






I have no problem to admint that i made a mistake, so i told him to prove me wrong. If he does, i'll immediately update the post





He then proceeds to nicely ask me to do it. On a trust basis. But with what happened, why should i trust a random TG person PM-ing me. I could have as easily trusted @MichelleJames





And then indirect threats come to play. Suddenly there's a "mysterious" marketing manager who i have a personal vendetta against





Or is it just a bluff to get me to remove the post? After all, it takes some effort to build a website and some community around it, scam or not.





But only time will tell.

[btcltcdigger]

When there's no more arguments, accuse the guy of blackmailing, right?  C'mon, that's gotta work




And the truth finally comes out

[Srujan007]

Great work by finding scams and keeping the community and bounties clean.Trusted bounty manager for a reason.

[TruStory]

When there's no more arguments, accuse the guy of blackmailing, right?  C'mon, that's gotta work

https://i.imgur.com/UOsbVaa.png


And the truth finally comes out

https://i.imgur.com/MxPXZxG.png

I wounder what OP has to say about this...

[btcltcdigger]

When there's no more arguments, accuse the guy of blackmailing, right?  C'mon, that's gotta work




And the truth finally comes out

I wounder what OP has to say about this...

Everything i had to say is stated in this thread

[lyfecoin]

Really appreciate the OP for posting the info and exposing the ICO.
They claim that ICO is live and will be disclosing the team later.Big red flag.For sure it is a scammy ICO
I wish all the bounties and ICO announcements posted here goes through a basic vetting and checking process and only non-scammy ICOs are allowed to post their services/announcements

[duke944]

Thank you. You are a great bounty manager