THE DARK TRUTH ABOUT PINKSALE
MANIPULATION, MONOPOLISATION, DECEPTION, MONEY LAUNDERING AND EXPLOITATION.
READ BELOW WHY PINKSALE MUST BE HELD ACCOUNTABLE FOR THEIR ACTIONS.
A FACT BASED REPORT OF EASILY VERIFIABLE BLOCKCHAIN DATA, TELEGRAM COMMUNICATIONS AND OTHER EVIDENCE FROM A VARIETY OF SOURCES.
Contents
1. Introduction
2. Stealing liquidity from a “SAFU” project
3. SAFU badge
4. Shockingly poor KYC service
5. Scams & ignoring Reports
6. Subscription Sales and the Manipulation of them
7. Dumping on their launches
8. Deleting KYC and Trying to force Partners to stop working with Competitors
9. Greco Marketing, Angel Dust and More
Introduction
The organisation I’m writing to you about is https://www.pinksale.finance/ they have raised nearly $500million and they are a cancer in this space. In this PDF/Document, I will try to show you exactly why they must be investigated and stopped. While they do commit crimes, some of the things they do are just horrible business practices, but I felt it important to include as much as I can.
Stealing liquidity from a “SAFU” project
https://www.pinksale.finance/launchpad/0x37E5344ac031e028Cd21Af4ffF2bFC7b67aD6217?chain=BSC
This project had the SAFU tag and the devs soft rugged, but Saul wanted to do something about it, he promised to have his SAFU dev drain the liquidity to return funds to investors. He didn’t warn anyone to sell, he just had his dev dump tokens and crash the chart. This amounted to 75.5BNB, he then refunded only those who bought on Pinksale not those who bought on pcs. What happened to the rest of the BNB? Saul pocketed it for himself. You can check it out here:
This is an out and out crime, that liquidity doesn’t and never belonged to him, but he stole it and did so openly. This is what happens when someone feels they are untouchable and it’s a disgrace to crypto.
SAFU badge
They added a badge called a SAFU badge which you can read what it means here: https://docs.pinksale.finance/important/safu-contract Saul used the SAFU badge as a promise that a project was safe so of course people bought in and the projects dumped over and over again: https://t.me/SAFUREPORT/813
There was a SAFU launch in particular I want to focus on, this is https://t.me/mayloio
They instantly launched after the presale ended, but they had announced that launch was going to be on the 18th and the first thing they did was transfer BNB earned from presale away to another wallet. They claimed it was an accident but something like this shouldn’t happen to a SAFU project. Check the chart and the presale BNBs being transferred to a different wallet.
They also used the SAFU badge to force projects to change things about them as Saul’s SAFU Dev had control of the wallet like when the MusicVerse project was forced to change the vesting on their private sale. This is a shocking abuse of power.
Below is an example of how they operate and a number of examples.
Here is a list of all just a fraction of those “SAFU” raises:
https://www.pinksale.finance/launchpad/0x59edB921c8666652c7E9F400833Bef0F0dF3d234?chain=BSC
https://www.pinksale.finance/launchpad/0x6D2d1594613F95a7ba25f3fc1FD265bDD7f9C979?chain=BSC
https://www.pinksale.finance/launchpad/0x037bD3aea9661139ad1908F29b71794e94337d4f?chain=BSC
https://www.pinksale.finance/launchpad/0x7D8FcDd442f6203A31593087F6C7CBe2EC5ECb49?chain=BSC
https://www.pinksale.finance/launchpad/0x49299CAB343dE81B279f6f2c0d5cBFA47e96b6b2?chain=BSC
https://www.pinksale.finance/launchpad/0x13f13E24c1eC56B5252686D6004e550a73Db5F4F?chain=BSC
https://www.pinksale.finance/launchpad/0x78E16854AB54EF192042FE39FA4Cc0579Eb5ECc3?chain=BSC
https://www.pinksale.finance/launchpad/0xd49990a8192bbcd67d4BeD9Af6dde1116c1FafCb?chain=BSC
https://www.pinksale.finance/launchpad/0x0f0bE49A0377E57316770630bAFb6ac1ECF4a280?chain=BSC
https://www.pinksale.finance/launchpad/0xf3dB5668eD45562Af38e362c19251CE256860C67?chain=BSC
https://www.pinksale.finance/launchpad/0xFD48c661bb8FEE0B4c263170093721bc2d6EeBEF?chain=BSC
https://www.pinksale.finance/launchpad/0x9af8d39db9206cBA1211a69dDC74835a07453811?chain=BSC
https://www.pinksale.finance/launchpad/0x6c2A70C9221D2fA0f8CC3eB9E419990F30bd1937?chain=BSC
https://www.pinksale.finance/launchpad/0x37E5344ac031e028Cd21Af4ffF2bFC7b67aD6217?chain=BSC
https://www.pinksale.finance/launchpad/0x77eA96d80Da8cb62E9F18CCA4Ab80e77Ef0595e4?chain=BSC
https://www.pinksale.finance/launchpad/0xEf50Bf7ed12fa15d3778dD7840EE99B803Ea741f?chain=BSC
https://www.pinksale.finance/launchpad/0x076679ca8c86381728bfcfe9726F313A05E7D4cd?chain=BSC
https://www.pinksale.finance/launchpad/0xE558D8a55A3bF9cb81677772f0EAb9FD137d92b5?chain=BSC
https://www.pinksale.finance/launchpad/0x4F8Fd6A40D92201b62982d64fe0054Ce840A13E6?chain=BSC
https://www.pinksale.finance/launchpad/0x59edB921c8666652c7E9F400833Bef0F0dF3d234?chain=BSC
Shockingly poor KYC service
PinkSales KYC process is an insult to the industry, they charge $1,500 and they pass whoever pays it judging from some of the ones released. If you ask any KYC company, part of their job is stopping bad actors from passing the KYC on behalf of the real dev, this is a huge issue in crypto and PinkSale does nothing to prevent it. To charge $1,500 and pass everyone they see is shocking and its obvious they don’t care about the projects that launch on their platform. Not only do they not vet those who attempt the KYC but all they do when a project who KYC’d scams is release the KYC to the public, no investigation is done, and they move on after collecting their $1,500. Here is an example of a KYC belonging to a project who pink passed and then went onto scam 155BNB:
A link to the video if they delete the post:
https://streamin.me/v/8da704bc
Here is another example of a KYC allowed to pass by Pink, the interviewer doesn’t know the language and they have no translator. Pink even deleted the video from the announcement, as even they knew how bad it looked but I will link the video below. ListenAI raised 191BNB and rugged with this KYC:
The deleted video: https://streamin.me/v/1b958ea4
Here’s a link to yet another poor KYC, uantumAI raised 378BNB and rugged with this KYC:
A link to the video if they delete the post:
https://streamin.me/v/56fb82be
The only thing worse than how they handle scams is how they handle releasing KYCs, the project carecoin even though they didn’t rug, had their KYC released. Pink also said they tried contacting them but I believe this is also a lie.
CareCoin wallet exploited? If it was really an exploit more projects would be affected so this leads me to believe that there was foul play:
https://t.me/carecoinfamily/229004
CareCoin filed a report about the ‘Exploit’:
https://t.me/carecoinfamily/232615
The Report:
https://t.me/carecoinfamily/235037
Carecoin accuses Pink of keeping them quiet so they take the blame:
https://t.me/carecoinfamily/240718
Pinksale releases KYCand says they couldn’t contact them check comments for reply from carecoin owner:
https://t.me/pinkecosystem_ann/2696
Comment by CareCoin saying pink lied about contact and accuses saul and contract checker:
https://t.me/carecoinfamily/240928
Pinksale after releasing their kyc allows them to list again?
https://t.me/carecoinfamily/249713
Scams and Ignoring Reports
Pinksale has a track record of allowing scams to launch on their platform, this is due to poor KYC, bad audits and a lack of care. Below I will show you some of their most recent and their biggest scams. A key point to remember is these teams also get a percentage of funds from the raise too.
- Listen AI: Nearly $10,000 stolen so far and the liquidity is still there which may be taken at a later date.
Badges: Audit & KYC
https://www.pinksale.finance/launchpad/0xDf5Ebf53c5C0908E0548D17bb13Af3e8299BA1C4?chain=BSC
2. QuantumAI: $54,728 liquidity waiting there to be taken once its unlocks in on year. Pink’s reaction to this? Release the KYC and forget about it.
Badges: Audit & KYC
https://www.pinksale.finance/launchpad/0xaC8C5c0E298943e590716Da812836D4D6fd9Fd77?chain=BSC
3. KingZ Cash: $71,883.02 stolen, no investigation was done. The BSCscan link is the wallet that sold the tokens.
Badges: Audit & KYC
https://www.pinksale.finance/launchpad/0xcBdCbb8C8Ce3907aF8Fb62Dfa0871D8D946E0bEC?chain=BSC
4. DecentraWorld: Nearly $1,000,000 stolen
Badges: Audit & KYC
https://www.pinksale.finance/launchpad/0xf1EF5E20F5a965E6Bd546B6012CF08CB923041Ef?chain=BSC
5. Alpha DAO: 67BNB Presale
Badges: Audit
https://www.pinksale.finance/launchpad/0x2995794820F95b1d732cE07EC99D9d9Ae820c5c3?chain=BSC
6. MaxAPY: 2k BNB Fair launch and trading disabled.
Badges: Audit & KYC
https://www.pinksale.finance/launchpad/0xEdeB57EA782ac93D5ddC1126e26f77Dc1dAFeC8c?chain=BSC
7. BabyFlokiCEO: 50BNB presale
Badges: N/A
https://www.pinksale.finance/launchpad/0xe29DB7a0C391F61c924Cb7f048eF9BF3D5E2c0B3?chain=BSC
8. Space Shiba: 600BNB Presale
Badges: Audit & KYC
https://www.pinksale.finance/launchpad/0xB6F9C6b2Ac68fBEA98Ccedde748285e200021E1C?chain=BSC
9. USDT DeFi: 1.5k BNB Fair launch
Badges: Audit & KYC
https://www.pinksale.finance/launchpad/0x3b38533c48218073fd3B27ab6eEFD3836617429D?chain=BSC
10. JumpN: On the 22/04/2022 a Fair launch was held on Pinksale called JumpN, they received multiple reports that the token was a scam. Most people knew it was going to be a scam, but Saul/Pinksale ignored reports and let it launch causing people to lose millions. I left the link to the presale below, pinks scam report tg and a tweet condemning the project. They have deleted any reports of JumpN being a scam before the launch time.
Here is an example of one such report:
https://twitter.com/peckshield/status/1518810559151415296
https://www.pinksale.finance/launchpad/0xEED76CD72E22C430F7723D5A655218A8425989f3?chain=BSC
https://twitter.com/PeckShieldAlert/status/1579049576451174400
THIS HAPPENS OVER AND OVER
Pinksale and its employees were ones to brag about stopping scams but it looks like greed has gotten the best of them.
Subscription Sales and the Manipulation of them
Pinksale introduced a new sale called a subscription sale. This sale is catered towards whales and is impossible for new investors to really get any sort of allocation, it is also suspect to hacks as so much BNB can be stored in the smart contracts while the say is ongoing. You can read about what subscription sales are here: https://docs.pinksale.finance/subscription/create-a-subscription
Now the type of sale itself while not the most inclusive isn’t that bad but what is bad is manipulating the sale to make it look more hyped than usual and I have gathered proof that it is being manipulated.
This wallet contributed 399BNB to the Genie Subscription sale:
https://www.pinksale.finance/launchpad/0x15fc607d62c17cd5e72d10a44b56084cadf7fd34?chain=BSC
https://bscscan.com/address/0x1b8c1ea0c25501b03177953de91d1fb581b5a269
That wallet then sent 407BNB to: https://bscscan.com/address/0xb5d12cac19380f799bd90ae7b6cc5de4c883b205
Which receives regular deposits of BNB from: https://bscscan.com/address/0x4b04213c2774f77e60702880654206b116d00508
Which is the address that Pinksale receive their % of the raise in as can be seen by this example:
https://www.pinksale.finance/launchpad/0x4Ca158222D2c576F9182d213cE687C0419F18995?chain=BSC
https://bscscan.com/tx/0xbab8a962eaf8a1e41d4c3ce088d680075a4a1893a1f0b7c6bd18c6ec9afd2358
Saul also doesn’t care if the projects manipulate their own sales either.
Dumping on their launches
The first thing I want to bring to your attention is the dumping. Pinksale up to sometime last year took 2% of the raise and 2% of the tokens sent to the presale as their fee along with a 1BNB listing fee as their fees for launching a project through them. They now offer the option of that or 1BNB listing and 5% of the raise. They had to do this as no one could trust them with the tokens as the owner of Pinksale Saul dumped them destroying projects and causing so many to lose money because of greed, of which proof was posted here: https://t.me/ApeZone/1171
Pinksale believes it is there right to dump tokens and even label a project a scam as this particular project blacklisted Pinksale so they couldn’t dump their 2%. This is the only time I have ever seen this badge.
https://www.pinksale.finance/launchpad/0x07d27B269521b1Fb3fdaA190C5FA1e39b1F71B5C?chain=BSC
Pinksale dumping is like butter and toast, they’re just connected. Pinksale has a long history of dumping the 2% of the tokens that they get from the presale raise. Below I will put down some examples and attach images of the biggest dumps for each project but please not the links will show every dump for their respective tokens:
- Lucid Lands: https://bscscan.com/token/0x4691f60c894d3f16047824004420542e4674e621?a=0x4b04213c2774f77e60702880654206b116d00508 Total Dumped: $58,000
2. Qubism: https://bscscan.com/token/0xfbaad4efdb7797f45dac9cd369b03a90bd731298?a=0x4b04213c2774f77e60702880654206b116d00508 Total Dumped: $45,000
3. Chainlist: https://bscscan.com/token/0x7a685c6dbd6c15e6d600f7c713f9252ebb3c472a?a=0x4b04213c2774f77e60702880654206b116d00508 Total Dumped: $49,000
4. BNBHero: https://bscscan.com/token/0xd25631648e3ad4863332319e8e0d6f2a8ec6f267?a=0x4b04213c2774f77e60702880654206b116d00508 Total Dumped: $918,330
5. MetaPets: https://bscscan.com/token/0x24ce3d571fbcfd9d81dc0e1a560504636a4d046d?a=0x4b04213c2774f77e60702880654206b116d00508 Total Dumped: $60,093
6. 2022Moon: https://bscscan.com/token/0x047a02a57501a813975b2d347278fdd3df671e86?a=0x4b04213c2774f77e60702880654206b116d00508 Total Dumped: $16,891
7. Sponsee: https://bscscan.com/token/0xe41d9e1311209f2e05850f9de6201ab4b930bfc2?a=0x4b04213c2774f77e60702880654206b116d00508 Total Dumped: $36,766
8. Unimoon: https://bscscan.com/token/0x893e14fafa8df32d9be7eab810027eea8828a98c?a=0x4b04213c2774f77e60702880654206b116d00508 Total Dumped: $61,598
9. Surfmoon: https://bscscan.com/token/0xc47f53c425d08f8457471538ae641655814beae8?a=0x4b04213c2774f77e60702880654206b116d00508 Total Dumped: $52,541
10. Greed Token: https://bscscan.com/token/0x5905df3d03e29a22e22462d3257e6ac731e22c15?a=0x4b04213c2774f77e60702880654206b116d00508 Total Dumped: $17,422
11. Bit Game Verse Token: https://bscscan.com/token/0xa03110800894b3ccf8723d991d80875561f96777?a=0x4b04213c2774f77e60702880654206b116d00508 Total Dumped: $55,814
12. ReadFi: https://bscscan.com/token/0xf29cccc3460506e8f9bc038d4716c05b76b0441e?a=0x4b04213c2774f77e60702880654206b116d00508 Total Dumped: $4,711
13. Sleep Token: https://bscscan.com/token/0xf024f349f08bd6a45abb201f9e7eb8eeaddd20bc?a=0x4b04213c2774f77e60702880654206b116d00508 Total Dumped: $3,407
14. Petoverse: https://bscscan.com/token/0xe327ed2037f133cda9f56171b68b6b7b4dfa6175?a=0x4b04213c2774f77e60702880654206b116d00508 Total Dumped: $40,806
15. Volta: https://bscscan.com/token/0x38757be34435d67e4ad2dc3aba2aaf4061efd91b?a=0x4b04213c2774f77e60702880654206b116d00508 Total Dumped: $6,760
16. Yieldzilla: https://bscscan.com/token/0x22ffa75b746602427203d7aa3f9dc2b8af6dfc8a?a=0x4b04213c2774f77e60702880654206b116d00508 Total Dumped: $83,627
17. Eterna: https://bscscan.com/token/0xe1747a23c44f445062078e3c528c9f4c28c50a51?a=0x4b04213c2774f77e60702880654206b116d00508 Total Dumped: $18,220
18. Crypto Vault: https://bscscan.com/token/0xf72b0f79dc66f270fe52c67e56e12872f86cae2d?a=0x4b04213c2774f77e60702880654206b116d00508 Total Dumped: $5,986
19. Safuu: https://bscscan.com/token/0xe5ba47fd94cb645ba4119222e34fb33f59c7cd90?a=0x4b04213c2774f77e60702880654206b116d00508 Total Dumped: $398,569
20. Survive: https://bscscan.com/token/0xc8a8cb1c8104e06889cb7cdadcb5dae20c8c935e?a=0x4b04213c2774f77e60702880654206b116d00508 Total Dumped: $21,024
21. Fish Crypto Token: https://bscscan.com/token/0x29cabf2a1e5de6f0ebc39ca6fe83c687fe90fb6c?a=0x4b04213c2774f77e60702880654206b116d00508 Total Dumped: $14,947
22. VC Gamers: https://bscscan.com/token/0x1f36fb2d91d9951cf58ae4c1956c0b77e224f1e9?a=0x4b04213c2774f77e60702880654206b116d00508 Total Dumped: $27,706
23. Coinage: https://bscscan.com/token/0xcb143ad43cd36e5d2c9768e3fb5b5153cd100104?a=0x4b04213c2774f77e60702880654206b116d00508 Total Dumped: $10,889
24. YearnLab: https://bscscan.com/token/0xfb585322fbd121ce20b857e2ccd85a43ad496573?a=0x4b04213c2774f77e60702880654206b116d00508 Total Dumped: $10,998
25. Sub X Finance Lab: https://bscscan.com/token/0x4cbda3d23c031cd403db2d24512ad920bf22f205?a=0x4b04213c2774f77e60702880654206b116d00508 Total Dumped: $23,240
26. MagicDoge: https://bscscan.com/token/0x46568808a8d73c301071b8df710402ce44f1c472?a=0x4b04213c2774f77e60702880654206b116d00508 Total Dumped: $25,137
27. Steam Exchange: https://bscscan.com/token/0xc0924edefb2c0c303de2d0c21bff07ab763163b5?a=0x4b04213c2774f77e60702880654206b116d00508 Total Dumped: $40,057
28. Suuper: https://bscscan.com/token/0xb00b5a85181305c6f5e072e56c2bf8240e0747bd?a=0x4b04213c2774f77e60702880654206b116d00508 Total Dumped: $10,717
29. C24: https://bscscan.com/token/0x950642c4c8f52ca8a7d4af62d5e040f33f07d700?a=0x4b04213c2774f77e60702880654206b116d00508 Total Dumped: $8,748
30. Lady Miners: https://bscscan.com/token/0xb4c61a351f1455fccfe9d6d35baf0bd7080f4199?a=0x4b04213c2774f77e60702880654206b116d00508 Total Dumped: $4,607
Deleting KYC and Trying to force Partners to stop working with Competitors
What might surprise you most is that the owner of Pinksale is actually KYC’d with one of the biggest KYC companies, Assure DEFI. Well maybe then he doesn’t know how illegal the stuff he does is but if you check out the below article you can see the Owner of Saul messaging Assure DEFI asking him to delete his KYC and thankfully Assure Refused to do so. You can contact Assure DEFI through their tg here if you want to verify it yourself. https://t.me/AssureCEO
In the same article you can see him stopping partners from working with Pinksales competitors. This goes against everything that crypto represents. The idea that an owner of a top platform in the space would resort to such tactics is horrible and its just another reason why he must be stopped.
Article: https://telegra.ph/THE-MAFIA-CAPITALISM-TYRANNY-AND-OPPRESSION-09-01
As you can see Pinksale does not play well with others, Saul almost has a confidence that he can do whatever he wants to stop competitors.
Greco Marketing, Angel Dust and More
Pinksale also used a marketing service ran by Alex Greco and telegram channel caller. This marketing service was used to pump and dump coins and I will leave an article about it here:
https://telegra.ph/BSCS-ILLUMINATIWASH-TRADING-PUMP-AND-DUMPS-AND-MULTIPLE-HIGH-PROFILE-SCAMS-08-23
Pinksale also launched projects like Angel Dust. Angel Dust is the third relaunch of a NFT platform that has never actually released a NFT Platform. Raising 3kBNB with 51% of the presale going to liquidity and still no platform created.
Here is Pink being as professional as always from the official twitter page.
We are not alone in our thinking, as you can see simply by searching Pinksale scam on YouTube, you can see how many people have been affected by this. The only issue is no one with a huge following has spoken out and this has to change if we are going to help make DEFI live up to its potential.
There’s a lot more dumps, scams, rugs, useless kycs, threats and manipulations happening with various prominent figures in the BSC space & incubators but that’s reserved for chapter 2.
