Experimental verification of ICO projects #2
Experimental verification of ICO projects #2
Date of audit procedures: 16.12.18

Further analysis summing up the progress of the projects that collected money from investors in the course of ICO’s companies.

We carried out a plan-fact analysis of the implementation of the plan of some ICO projects, or projects that issued their tokens. We selected the projects for which the most were visits to the ForensicTokenLab.com site from the Google search engine.

#

Project name/link

Key data product release and maintenance

Link to proof @ whitepaper

Implementation of the declared step

Accomplishment of the product creation plan
(auditor's opinion)

1

Bitether

August - October 2018
 
Bitether game platform
open for beta testing

Page 11

During the study of the project activity, it can be assumed that the main holders were attracted during the Airdrop, however, it is possible that the tokens were sold to individuals during the collection of investments.

Looking for the beta testing game platform.

• Official domain "https://www.bitether.io" and "https://www.bitether.co" are not responding.
• https://www.facebook.com/BitEthercoin-1178779838920789/ last activities on 14 December 2018 about hiring janitors :)

"A top flights hotel in Florida State is seeking for Cleaners, interested persons should contact the recruitment team on signal messaging app. +1 803 816 2612."
According to the auditors, the phone number can be associated with the organizers of ICO collecting procedures.

• https://twitter.com/bitEther_coin last activities on 1st of March.

• https://t.me/BitEthercoin no activities @ channel following ICO collecting procedures.


Conclusion: data product release doesn't keep up with the schedule

If you have invested in this project we recommend starting an investigation.

2

22x fund

not set

not set @ whitepaper

Analysis of media and other sources of interaction with investors is needed.

It is required to conduct an analysis of affiliation in projects in which the ICO funds were invested.

Searching for information @ social media and other open sources pieces of information about fund return:
• https://twitter.com/22xfund twitter account suspended
• https://medium.com/22xfund last activities date back to 10th of March (ICO date ends on 23rd of March 2018)
• https://22xfund.com/ web site looks like it doesn't have any updates since the ICO date. Fund return report is missing.
• https://t.me/community22X Fund return report missing.

If you have invested in this project we recommend starting an investigation.

 

Summarizing the analysis:

  • for 2 projects, we recommend starting the investigation procedure,

Report date: 15.12.2018 - 16.12.2018

Offer for ICO’s investors:

If you suspect fraud, it is better to bring it to the attention of the law enforcement authorities. With ICO frauds, every day counts because fraudsters can sweep up the evidence.

Feel free to contact us:

We will help you to find the data about fraud (rate $ 30 per hour). In the future, you can submit this report and the case to any competent lawyer. An example of a research report is available via email request bubnov@forensictokenlab.com

Consult us free of charge about collecting debts from an ICO project bubnov@forensictokenlab.com or via telegram @ICO_Forensic_NOW
We also collect facts about the withdrawal of crypto active assets from the project. If you have any information available about a cryptocurrency, please, send it to us for analysis.

 

Information about an ICO project and other persons mentioned in the above reports can be deleted:

  • By court decision;
  • According to an audit report from the project about the intended use of funds.

Disclaimer:

The entire analysis serves educational purposes only and should not be used to commit investment decisions. The listed conclusions are given as opinions of the founders and beneficiaries www.ForensicTokenLab.com

Read the disclaimer section of the site www.ForensicTokenLab.com

 

We also collect facts about the withdrawal of crypto active assets from the project. If you know the cryptography of the project. Please leave it for us to analyze.

Consult with us free about collecting from the project by bubnov@forensictokenlab.com or via telegram @ICO_Forensic_NOW

Disclaimer:

The entire analysis is for educational purposes and should not be used to commit investment decisions. The listed conclusions are given as opinions of the founders and beneficiaries www.ForensicTokenLab.com

Read the disclaimer section of the site www.ForensicTokenLab.com

Proactive analysis projects #1
Proactive analysis projects #1
Date of audit procedures: 23.12.18
Experimental verification of ICO projects #3
Experimental verification of ICO projects #3
Date of audit procedures: 18.12.18
Experimental verification of ICO projects #1
Experimental verification of ICO projects #1
Date of audit procedures: 14.12.18