Tuesday, October 3, 2023
No Result
View All Result
Ajoobz
Advertisement
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Ajoobz
No Result
View All Result

Sui-based NemoSwap’s investors deny involvement in $3M seed round

4 months ago
in Scam Alert
Reading Time: 3 mins read
0 0
A A
0
Home Scam Alert
Share on FacebookShare on TwitterShare on E-Mail


NemoSwap, a Sui-based decentralized change, misled the general public about traders in its challenge as two traders named in its $3 million seed spherical have distanced themselves from the challenge.

In a now-deleted assertion, Nemoswap claimed it accomplished a funding spherical led by Node Enterprise. The DEX added that the spherical included 9 different traders like Tally Capital, Pithia, Mythos, CryptoSlate, Olymp Capital, and Signum Capital.

NemoSwap Alleged Traders (Supply: Suipiens)

Nevertheless, CryptoSlate and Signum Capital have publicly denied any involvement with the challenge. On June 8, CryptoSlate warned the neighborhood concerning the challenge, including that that they had by no means heard of it.

CryptoSlate CEO, Nate Whitehill, corroborated the tweet. Whitehill stated:

“They blocked us on Twitter after we known as them out and I despatched them a DM telling them to take away us from their web site and mentions.”

Signum Capital additionally acknowledged that it was not related to the challenge.

NemoSwap had deleted its assertion concerning the funding spherical as of press time. The challenge is at present holding an Preliminary Dex Providing, and its web site confirmed it had raised 1.5 million SUI tokens, value $1.125 million, as of press time.

Inactive traders

Different corporations listed as traders within the challenge are both nonexistent or inactive. Pithia was final energetic on Twitter in 2019, and CryptoSlate’s search of its LinkedIn web page confirmed it has just one worker, Navneet Suman, who acts as its managing director.

Moreover, CryptoSlate couldn’t affirm NemoSwap’s declare of interviewing Pithia’s CFO, Jonathan Swalser. Pithia’s official web site confirmed its managing director as the one member of its staff.

Different named traders, like Tally Capital, have an internet site that gives no info, and its Twitter web page was final energetic in 2021. Then again, Olymp Capital’s Twitter account was final energetic in April 2022.

CryptoSlate couldn’t affirm if Node Enterprise invested within the challenge. We additionally couldn’t affirm if it partnered with all the tasks listed on its web site as they have been but to reply to a request for remark as of press time.

Is NemoSwap a fraud?

A June 8 Twitter thread from International Crypto Hub labeled NemoSwap as a fraud. In line with International Crypto Hub, the challenge’s web site was registered below the identical area by the staff behind Suiswap.

International Crypto Hub stated the challenge failed to offer any details about its staff and claimed that this was for confidential causes.

Makes an attempt to achieve the NemoSwap staff have been futile. Invites to its official Discord account have been paused, and the challenge has locked its remark part on Twitter.

Nemoswap
NemoSwap Paused Invitations (Supply: Discord)

In the meantime, International Crypto Hub stated NemoSwap selected to mute all its ambassadors and kicked out a consumer that requested questions.



Source link

Tags: denyinvestorsinvolvementNemoSwapsseedSuibased
Next Post

Do Kwon gets 4-month prison sentence for passport fraud

Related Posts

BBC highlights Sam Bankman-Fried with ‘Downfall of the Crypto King’ show
Scam Alert

BBC highlights Sam Bankman-Fried with ‘Downfall of the Crypto King’ show

1 week ago
Ex-Deutsche Bank investment banker faces up to 30 years behind bars
Scam Alert

Ex-Deutsche Bank investment banker faces up to 30 years behind bars

2 weeks ago
FTX sues founder Bankman-Fried’s parents
Scam Alert

FTX sues founder Bankman-Fried’s parents

2 weeks ago
The rapid rise of cryptocurrency romance scams
Scam Alert

The rapid rise of cryptocurrency romance scams

2 weeks ago
crypto exchange Remitano hacked for over $2.7 million
Scam Alert

crypto exchange Remitano hacked for over $2.7 million

3 weeks ago
CoinEX hack was by North Korea’s Lazarus Group: SlowMist
Scam Alert

CoinEX hack was by North Korea’s Lazarus Group: SlowMist

3 weeks ago
Next Post
Do Kwon gets 4-month prison sentence for passport fraud

Do Kwon gets 4-month prison sentence for passport fraud

Chibi Finance team executes $1M rug pull, CHIB plummets 98%

Chibi Finance team executes $1M rug pull, CHIB plummets 98%

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

[ccpw id="587"]
Twitter Telegram
Ajoobz

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Ajoobz

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITEMAP

  • Disclaimer
  • Cookie Privacy Policy
  • Privacy Policy
  • DMCA
  • Terms and Conditions
  • Contact us

Copyright © 2023 Ajoobz.
Ajoobz is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Ajoobz.
Ajoobz is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In