Titanium Blockchain TBIS – The Scam Continue This entry was posted by doge on May 5, 2018 at 4:32 am
You probably heard about this ICO that in mid Feb this year got “hacked” from 16 millions coins supposedly kept in cold storage.
I put hacked in brackets because it is still not clear today what happened to the coins. We are not sure if they have been hacked or the coins have been stolen.
This coin was shilled from the great Suppoman himself as well early after ICO and of course after the hack Suppoman dissociated himself with the coin calling it a failure and dead coin. Dough Polk also tweeted a couple of times let the community know to be aware. (this during the hack).
Titanium CEO Michael Stollaire wasn’t able to explain why the coins weren’t in cold storage as written in black and white in the whitepaper. He blamed team members for the hack/theft and he actually fired his Chief Technology Officer Christopher Michael Snook shortly after.
During the hack Titanium issued a fork and release a new coin called TBAR. Snook (ex CTO) claimed and continue to claim the fork happened long before the hack and this was a plan from the beginning. Supposedly during the hack a big investigations started, private investigators and, including by the words of Titanium staff, government agency like FBI were involved. 2 months after the investigations nothing came out.
We are not able to ask any questions regarding the investigations and the developments (if there are still any) since you’ll get banned in an instant if you dare to ask. It’s the big elephant in the room, in the telegram group . During the hack/theft TBIS supposedly contacted HitBtc where it was listed to block all the BAR trading. Nothing came out of it and all the hacked/stolen coins were dumped causing the price to crash.
After 2 months we are still not being able to trade the new fork TBAR on HITBTC. TBIS is blaming HitBTC for the delay. There is nothing official from HitBTC so we are not able to understand the reason of such a delay. HitBTC listed numerous coins during this time.
Voice is this coming Monday TBAR will be listead again on HitBTC but we are getting used to empty promised right now.
Hard cap during ICO was 35 millions coins. Right now the circulating supply is 43 millions coins. Being asked about the extra 8 millions coins in circulation, TBIS CEO Michales Stollaire stated: https://imgur.
com/a/AKbM4Ba
Whitepaper as you expect has been edited numerous times. Right now there is no mention of the circulating supply and total supply in the whitepaper. We are not sure of what the ratio between bonuses/ airdrops/ marketing is.
There is no mention of the 17 millions new TBAR coins supposedly in cold storage. (60 millions total supply minus 43 millions in circulation). Investors are not sure how TBIS is handling the coins. People asked this questions in the telegram group and got tagged as Fudders and banned from the groups.
I am not the first to claim that TBIS subreddit is filled with bots paid by the team to speak positively about the coin. I have seen more threads about this. One of the more obvious case if from /u/tzegian that claim he follow the project and he is so excited from the CEO interviews. https://imgur.com/a/yLR0RIk
Here he state he is totally convinced! He believe TBIS will be the best ICO of 2018: https://imgur.com/a/V3v2ISC http://www.
thecoreadmin.
com/ the site is currently down. I am not sure if the Core team is still around today but I don’t see any more members in the Titanium telegram groups.
Today TBIS is shilling more coins to their investors. Yes you heard it right, an ICO that shills other ICOS. Right now the Chief Communication Officer Martha Breed is shilling a token called Bitcoin Token! ! (wow what a unique name). She is now an advisor for the token! An ICO that got hacked and literally price destroyed, investors losing all their life saving, is now advising to a new ICO! Titanium is now partnered with this scam token and I will probably make a new thread soon about it since I believe Bitcoin Token was funded by TBIS staff member themselves.
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