Report: We compensated the ones who got scammed in the private sale, here is what happened…

Eric
ExNetwork
Published in
2 min readSep 9, 2020

We conducted a private sale last August 25,2020. From the very start, most of the communications were in our private groups and we even created an invite-only private group for a private AMA about the project even when we had a public AMA group at t.me/amaroom.

30 minutes before we opened our sale in the private groups, we muted it. But on the second we opened the private sale form in the inner circle, scammers opened a fake form at one of our other public rooms unrelated to the private sale. Despite the account having the cartoon avatar of me and looking obviously fake, some of our friends were too FOMO’d and sent in. Here is the scammers’ wallet:

0xa32842c7a94012207af70ae11aa0e0dfd5d3327c

Even though we never communicated that the private sale was gonna be posted publicly, we decided to compensate the victims. But instead of compensating them fully, we decided to compensate half of the financial loss and see what they would do a few weeks after.

Here is what happened:

  1. @skybitsa — Took the compensation and have not bought any EXNT.
  2. @cryptocorn — Took the compensation and have not bought any EXNT.
  3. @bonnguyen07t1 — Took the compensation and have not bought any EXNT.
  4. @m_masri — Took the compensation and have not bought any EXNT.
  5. @cauchy — Took the compensation and have not bought any EXNT.
  6. @DieuAn — Took the compensation and have not bought any EXNT.
  7. @cavaliereoscuro — Took the compensation and have not bought any EXNT.
  8. @Cippone — Took the compensation and have not bought any EXNT.
  9. @Pisacafe — Took the compensation and have not bought any EXNT.
  10. @s******— bought EXNT and now in the inner circles 🤘
  11. @r******— — bought EXNT and now in the inner circles 🤘
  12. @J******* — — bought EXNT and now in the inner circles 🤘
  13. @J****** — bought EXNT and now in the inner circles 🤘
  14. @a***** — — bought EXNT and now in the inner circles 🤘
  15. @z***** — — bought EXNT and now in the inner circles 🤘

30%+ supported the project, bought EXNT and joined. 60%+ took the money and left.

As a result of the majority of the victims not joining the group. The hidden condition of full compensation if majority supports the project reached a failed state and is now void.

Kudos to the Kind 5, we hope to bring you good deals.

NOTICE: Exnetwork Community is a Social Finance (SOFI) experiment and we will continue doing fun and new experiments with reports in the hopes of developing a good sociological framework on how blockchain tech can bind any group towards achieving any goal — big or small.

--

--

Eric
Eric

Written by Eric

Focused on product and design. Into cryptocurrency, gamification, ux, pop culture and startups.

No responses yet