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-sent the documents they were demanding. They have since been giving one excuse after the other to continue to illegally hold ni23457’s Bitcoin cash.
First, they claimed they were conducting investigations. ni23457 refuted this claim by showing evidence that proved that he owned the coins for at least 5 years (He controlled the address’ private keys even before the August 2017 bitcoin cash hard fork). He added that there was basically no investigation a company operating illegally could carry out beyond studying the blockchain.
The worst part of this excuse was that ChangeNow.io claimed it did not know when the investigations would be concluded.
At another point in time, they demanded a video call which ni23457 declined to partake in.
Also noteworthy, is the fact that the key figures behind ChangeNow.io exchange took steps to remove any information online that linked them to the exchange. Roman Lapin, the CEO, made changes to his LinkedIn and angel.io profiles to delete all information that linked him to the exchange.
ni23457 backed this assertion with screenshots of his profiles on LinkedIn and angel.io, before and after they were altered. More evidence was included in his Reddit post providing updates on the case.
The crooks also removed the last page of their ICO whitepaper because it was the page with their names. ni23457 did well to provide a link to the original copy with the last page. It is from the same whitepaper that ni23457 learned that Roman Lapin and Sergey Sokratilin were the key persons running the cryptocurrency exchange.
It has to be said, that these are not actions that honest leaders of a legitimate organization would take. The dishonest men are clearly trying to cover their tracks.
The Involvement of Evercode Lab Ltd.
Perhaps unsurprisingly, the “parent” company, Evercode Lab, appears to be unconcerned about the fraudulent activities of ChangeNow.io.
Perhaps unsurprisingly, the “parent” company, Evercode Lab, appears to be unconcerned about the fraudulent activities of ChangeNow.io.
There is a reason to believe that the exchange operates out of the premises of Evercode Lab Ltd. in St. Petersburg. This is because the CEO of ChangeNow.io exchange doubles as the founder of Evercode Lab. The exact address is St. Petersburg, Ligovsky prospect, 50, building 13, office 28, +7 812 646–96–32.
A new development is that the Evercode Lab and ChangeNow.io staff fled from their registered office in St. Petersburg three weeks ago. Strangely, the person handling their office telephone number +7 812 646–96–32, refuses to give out information on the whereabouts of their new offices. It is believed these are attempts to hide from the Russian police.
It is ironic that criminals who are running away from authorities are currently playing “international crypto police” with someone’s funds.
The fraudsters have been commenting on the Reddit posts made by ni23457 with the same old empty excuses, instead of putting the matter to bed by returning funds that do not belong to them. The latest is that the coins have been moved into cold storage and would be returned when the issue is resolved.
ni23457 has said that he is committed to fighting for justice and the return of his 100 bitcoin cash. He added that he plans to continue to do so without any dirty tactics. All information on the criminals he shared were public information of theirs available on social media (before they were removed).
I find these "exposing" posts so amusing. I can find some doubtful information about each company or come up if you understand what I mean. Hey, competitors, come up with a new story, please.
ReplyDeleteAs far as I know, ni23457 received his coins back, and he did not have to go through KYC. I followed this story, and as I can tell, the reason for this misunderstanding is that this person sent a fake ID a couple of times. If it were otherwise, the author could have argued that changenow is really a scam, however, given that they returned the coins to this person, I do not think that they are scammers. In my opinion, ni23457 tried to spread its story, believing that it was done unfairly, but sending a fake is not the best way to avoid KYC.
ReplyDeleteWell, I think that considering the fact of the receival of the coins by this person, this article is worth nothing. If changenow were a fraud, I think this guy would not see his BTC. I used this exchange, no problems, but, of course, I would never have sent a fake.
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