Cryptocurrency

Illegal Russian cryptocurrency exchange ChangeNow.io has become notorious for the theft of user’s funds. The company which is known to operate from the offices of a Russian company known as  Evercode Lab  has scammed yet another user. A representative of Privcoin.io, a coin mixing service, reported on the  bitcointalk.org forum  that Privcoin lost between 1 and 20 bitcoins when they attempted to use ChangeNow.io. On the forum, Privcoin explained that their service, which helps improve privacy by mixing coins from different clients to make the cryptocurrencies untraceable and more fungible, sometimes needs to transact with exchanges like Changelly, Shapeshift and ChangeNow in order to increase their reserves of cryptocurrencies in high demand. According to Privcoin, they got scammed out of their bitcoins when one of their administrators used  ChangeNow  to exchange some coins two months ago. Instead of having their transaction go through seamlessly, the Privcoin admin rece

Evercode Lab, a St. Petersburg based software company, is the parent company, of fraudulent cryptocurrency exchange, ChangeNow.io The  story  of a user getting scammed by  ChangeNow.io  has been the subject of debate on a number of cryptocurrency forums. It all started weeks ago when user ni23457 mistakenly used  ChangeNow.io  to exchange 100 bitcoin cash for 11 Bitcoins. It was his intention to use Changelly, the well-known legitimate cryptocurrency exchange. Surprisingly, ChangeNow.io, which advertises anonymous transactions, flagged the transaction, froze the funds and demanded that ni23457 submit personal identification documents. ni23457, who was eager to have the transaction go through, and weary of handing over his personal information to individuals illegally operating a business in Russia, hurriedly used a random picture from the internet for the identity verification. However, the operators of ChangeNow.io refused to release the user’s funds even after he re