The Coinmarkets Cartel and a History of Crypto Scams
When I first got into cryptos I was as idealistic as could be. I was naive, I admit it. Some seemingly nice people befriended me and told me all about Zetacoin. Giving me tips that they were going to make a major deal with M-Pesa in Africa. Wow, helping the poor people in Africa, and profits, “Bitcoins for Pennies!” It sounded too good to be true, but the people had befriended me months earlier, and surely they would not go to that much trouble to set up an elaborate scam spending months of time planning it?
I joined up on Twitter to follow all these wonderful people like Bryce Weiner, Julian, Cryptowhale, Jebus911. As I had lots of followers already they invited me into various Twitter groups, and I got to see all the interesting stuff they chatted about. I had previously watched Bryce give a powerful speech about Zetacoin, and I was a believer, and as Bryce later said, I was “dumb.’ I told them something along the lines of I was going to just hold Zetacoin big time, and Jebus911 said I might want to sell at a specific price.
The price was way below what I would estimate a deal with M-Pesa, so I held, bought more, and sure enough, it hit exactly that price and dumped. Then it dawned on me I was a sucker, but to be sure I figured I better investigate the M-Pesa Wallet. Sure enough, they transferred funds every time there was a peak, a pump, and the M-Pesa deal was a massive scam! Some people were even using their real life names to give it authority and legitimacy. I exposed the scam on Twitter and then blocked the worst offenders, and then from that point on I just used twitter to share information, rather than risk trusting the people there.
While I was never remotely a part of the Coinmarkets crew, I used Cryptradr for charts for a very long time that displayed their chat logs, and I did notice what the Coinmarkets people typed, who the key members were and what scams they were running. Eventually, I learned to focus on only projects that had long histories or solid people with real life identities, and I was mostly free from all the scam coins from that point on. Once I stopped getting scammed so much by these people, I started trading a lot better. I also did my best to share honest projects, and point out those I thought were dubious. Without going into threads or Slacks to FUD, and I have never made one sock puppet in my life, just shared in my own Cryptocollectors Club Group on Facebook, never hiding my identity. Also: Cryptoclub Bitcointalk, Cryptocc Twitter, as someone else had taken Cryptoclub.
Fast forward way into the future, I became a co-founder of Expanse, a legit project, and people can agree or disagree on the funding, but it was designed to have the advantage of an ICO project design without the ICO. We had a promising project, but a laughable market cap. So we were going around accepting any interviews possible. One of them was from some group called “Jumbucks.” - In the interview, they asked lots of strange questions, and we answered honestly that we do not manipulate, we do not fake volume, and we are just focused on real development. They kept asking if we liked Volume. It was a strange interview, to put it mildly, at the time, I did not connect Jumbucks to the Coinmarkets Cartel I had ran into way in the past, but some of the names looked vaguely familiar.
After the interview, I noticed volume slowly picking up, and we each held very little EXP at the time, within a few weeks the price skyrocketed around 3000%, I was thrilled, bought some more EXP quite high up, then it dumped hard! One quote I can remember from one of them “I made 100k and you suckers lapped it up!” - Some of the same people from Jumbucks then came into our slack, laughing, giddy, happy. I was not sure if I should thank them or tell them to fuck off, it was a mixed experience. They acted very shadily, said they loved Expanse and then left. I was certain who was behind it at that time. A short time after that we were blamed forit, and someone known as “Scambuster” explained it was the Coinmarkets Cartel. In hindsight, this was all obvious, and I just explained the situation honestly to Scambuster. It was not us, and I did not realize how bad the Jumbuck group really was.
Fast forward way into the future again. There was some new project called LBRY that was based on referral links. Someone from Viral, the Nazi, also appeared like he *might* be connected to it. So I said no LBRY referral links will be allowed in the CCC, my Facebook group. Some guy named Julian freaked out that I would not allow it, and reminded me how they had “helped” Expanse. I said that was not really help and that I received a lot of FUD for even having an interview with his project, and he rage quit the group and I never saw him again. All in the past, whatever, I really didn’t care. Then Alex Sterk started FUDing Expanse around that time, and some other moderator deleted his thread. While there was uncertainty with who had deleted his post, he tried to force me to have an interview with him. I explained I did not delete his post, I spent years building my reputation and I would never do that, he should not threaten my reputation, and I would not do an interview with him.
Once again, farther into the Future, Julian and Alex Sterk made UBIQ basing it on a Jumbucks coin swap. As they were also basing it on Ethereum, and using a design *very* much like ours, for a more resistant Blockchain. I saw that as a conflict of interest and took the high road and did not comment on the UBIQ project, even though I knew it was the Coinmarkets Cartel all over again. Someone named “Cryptosanta” had also been FUDing Expanse constantly. Could have been anyone, until he called themselves a “Friend” of Alex, then it was clear what was going on. His motives were transparent, they went too far, so I posted a screenshot linking Coinmarketscoin with Jumbucks in my Facebook group, and I told the “Friend” of Alex that he was in bed with some of the biggest scammers in all of crypto, so I really didn’t care to hear his advice. Anyway, I don’t like or respect any of them in the slightest bit, toxic scammers, but as they want to try and keep scamming on, this is my reply to the trolls, sock puppets, and scammers.
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