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Privcoin Mixing Service, is the Latest Victim of Evercode Lab’s ChangeNow.io

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
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Russian Software Company, Evercode Lab ООО ЭВЕРКОД ЛАБ Set Up ChangeNow.io to Scam

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

How ChangeNow.io Stole 100 Bitcoin Cash

Changenow.io, the cryptocurrency exchange accused of stealing 100 Bitcoin Cash, which is currently worth $64,090, is still holding on to the funds. In addition, the apparently shady exchange has turned to upvote-buying on Reddit as well as having moderators remove legitimate posts about the robbed client’s complaints. How it Started On the 7th of July, a post surfaced on  bitcointalk forum , with complaints of ChangeNow.io illegally holding a user’s 100 bitcoin cash (11 Bitcoins at the time). A similar message was posted on  reddit . According to these posts, on 4th July, the user with the pseudonym ni23457 sent 100 Bitcoin Cash to the ChangeNow.io platform in order to exchange them for bitcoins. ni23457 also mentioned that it was the more reputable Changelly exchange that he intended to use for his transaction but mistakenly used ChangeNow.io because of the similar names. User ni23457’s woes begun when ChangeNow froze his exchange account and demanded that he submit his