Cryptonomos’ official position on

As many of you know, over the course of this summer Cryptonomos conducted a successful WTT token launch for our client the Giga Watt project. The purpose of the WTT token launch was to offer WTT token holders access to both the exciting new world of technology and the industrial-capacity cryptocurrency mining facility at highly attractive rates.

The WTT token sale ended on July 31, 2017, having attracted over $20 million in support. The Giga Watt project is now swiftly expanding its mining capacities to accommodate all received service requests and fulfill its obligations to its token holders.

Unfortunately, recently we received very disturbing news: A new project emerged on the market, which, sadly and infuriatingly, copied Giga Watt’s model. We believe that fair competition is good for the industry, so just the fact that they copied the business model would’ve been OK. However, the new entity did not play fair: They lifted, verbatim, the Giga Watt’s entire White Paper ( and the text from its the website (, including all the diagrams, proprietary designs, pricing structures, industry descriptions, and even team members’ unique work experience. Surprisingly, they did go through the trouble of changing the names and the locations. The rest of the project information remained largely unchanged.

We have alerted our attorneys to this development, and they are contemplating the best course of action.

In the meantime, we would like to caution our clients and the market at large that these people are thieves and frauds. In addition to inviting you to check out and compare both White Papers, we can present the following evidence:

1. We have been informed by Fintech Blockchain Group representative, that contrary to the claims on the imposter website Vincent Zhou is not currently advising them on any projects. We will be contacting the other two advisors named on the imposter website to receive their confirmation of the situation.

2. The imposter website lists certain David Hizmanov as their legal counsel. No information on so-called “David Hizmanov” was discovered on the web except on the project’s website. Instead, image search produced the image used for his profile on the team page, and it is an image of a person named Mark Nanez ( or If you know Mark, please caution him that he may have been a victim of identity theft.

3. A certain Andrey Vasilyev, named on the website as a Smart Contract Development specialist, in real life appears to be Andreas Vezonik ( who seems to have no connection to blockchain whatsoever.

4. Their Head of IR is someone named Ivan Kipelov — but no credible evidence of either his existence or any experience in investor relations was found. Instead, we discovered that they used the picture of this person: The relationship of Mr. Skrupskiy to the project, if any, is unknown.

Given the evidence of the ill integrity that we at Cryptonomos find quite conclusive, we would like to give a word of caution to any potential token holder. We believe that this project does not appear to be valid, may aim to defraud its backers, and generally operates with the complete lack of transparency and integrity. It is the black sheep such as these that make some people distrustful of ICOs and blockchain market in general. Please stay away from them, and please be safe there!