“Crypto Fraud “ of the year

Matt Sornson
2 min readFeb 4, 2018

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An open request to all Crypto Fellows ….Today one big incident happened at Coinexchange.io ( CE) ……Price of one coin named Monerogold ( XMRG ) came down from 800 sat to 1 sat in few Hrs…..

see on the exchange

https://www.coinexchange.io/market/XMRG/BTC

It all happened because developer dumped Trillion coins on CE, although it had max supply of 21M), here’s is detail of this

https://medium.com/@support_51806/monero-gold-xmrg-statement-de163e73c610

it all happened after these deposit on CE

https://etherscan.io/address/0x7dd2af6c0a7434df91dd663323b12cbc71b28be4#tokentxns

Deposit of ( 20 M , 20 M , 20 M , 60 M , 20M , 1.157*10⁶⁹ ) coins on CE when it has a max supply of 21 M …. market was normal ( 500 sat to 900 sat ) when earlier deposits of ( 765521, 2.1 M, 2 M ) took placed…

Now CE comes to a solution for its investors to put a buy wall at 2 satoshis.

It looks very very unfair to its investors ….as many of them bought it at more than 500 sat and they getting 2 sat per coin ….it’s a complete joke to them …….

My thoughts on this matter are…It all happened after wrong deposits ( where Deposits > > > total supply of 21M )…. Deposit of ( 20 M, 20 M, 20 M, 60 M, 20M, 1.157*10⁶⁹ ) ….

So cancel all the trades after these Deposits and any buyer who got XMRG after these deposits should get their BTC/ETH back…They should Neither get this XMRG shit nor this XMRG shit selling offer at 2 sat…. Because wrong amount deposits are fault of exchange and investors should not pay for that…..

it’s purely my opinion …may be biased …..

So, I request all the Logical minds of Crypto Family to suggest some Unbiased solution to deal with this situation …..

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