Big scam at Waves Decentralized Exchange platform

[gsemep]

The wavelite app, waveplatform offcial trading app, allow people to create their own tokens and trade within the Waves Decentralized Exchange (WDE).
So people create a worthless token and named it Bitcoin, Litecoin, Wavecoin, you name it, any coin you can buy at the market, and sell in in the platform at a lower price.
I bought it and found out it`s the fake Bitcoin. I complained to system administrator.
They just reply to me that people can do whatever they want at WDE and they won`t do anything about it.
And I have no chance to get the money back.
I even suspected that those fake coins were just created by WDE administrator.
They are cheating people`s money.
I need some advice what I can do next? Could I sue them? Or is there anywhere else I can complain to?
At least to spread this information out . Don't let more people fished by them.

I keep all the information about the trading information and conversation with the WDE administrator.

[gsemep]

I just heard another person bought fake coins today. He lost around 15000 true wave coins.

[gsemep]

Anyone has any ideas that besides report to police whatelse I can do here?

[Twiggy Smile]

Dear users of the Wavesplatform,

Any member of the Waves network can create their own assets and distribute to other participants these assets in the Waves network.

Someone does this to attract attention to their token, someone does thisto attract attention to their LPOS pool. Someone has too much free time.

Any token which is created on the Waves platform can be traded on the DEX platform, but only the real bitcoin asset provided by Waves platform can be exchanged for real bitcoin and have a value of 1:1. The real Bitcoin asset has only one asset id: 8LQW8f7P5d5PZM7GtZEBgaqRPGSzS3DfPuiXrURJ4AJS, provided by Waves platform and available on the main page of the lite client (See "BITCOIN" section).

Every verified asset has a green tick.







Any way, we are well aware of this problem and in the future we will add a filtering of names for tokens creation + each user will be able to hide the spam assets.

Full story - https://bitcointalk.org/index.php?topic=1927689.0

[raxxan]

<a href="http://www.freebiebitcoin.com">Earn free bitcoin</a>

[gsemep]

To make things clear I post the conversation between me and wave support.
As you can see, at first I only bought a small amount fake coins, I asked them to help me to transfer it out.
Instead of telling me those are fake coins right away they spend couple hours to help me to transfer them out.
That made me believe those are true coins and then I bought a big amount of it. Suffer big lost.
And after a week they start to tell me I should only buy those coins with the green tick.
My question is why they didn`t tell me at first hand . If they knew it`s fake why they didn`t tell me .
If they didn`t know that`s more rediculous even they cann`t find it out how could I find out it`s fake coins.
So either way I think they have some responsibility for my lost.
That`s why I complain to them and ask for compensation.

Conversation as below:

Need help to transfer coins.
2 weeks ago via email •
Hi,
I got 200 litecoin in my account. I need transfer to my account. But I cann't send it from wavelite app.
Could you manually help me to send it to my address : LTCMwd6UKxX8zT6F35NRor9N4kXrbEZ763
Thanks!

Support agent 2 weeks ago
Hello!
Please provide us with your Waves address.

2 weeks ago
Why you need my wave address? You gona transfer wave coins to me? I don't mind to get wave coin at market price. at this moment 1 litecoin worth 16.86 wave coin. You can just exchange my 200 litecoin into 3372 wave coin, and put it in my wavelite wallet. Address is:
3P5kvFVoCvx8vpdwnCnFbxi5n2b9FeSUm79
Thanks.


Support agent 2 weeks ago
Because I need to check your account before I will start a conversation =)
At the moment, Waves wallet does not support the withdrawal of a Litecoin directly into the Litecoin network. But you can trade them on the DEX platform, just open "Waves Decentralized Exchange" (see third tab on the top), and then buy eg Waves or withdraw your bitcoins.


2 weeks ago
I don`t get what is DEX platform? It's waveliteapp ? And where is the third tab one the top to open " waves decentralzed exchange"?


Support agent 2 weeks ago
Quick guide
1. Choose a pair of assets you want to trade. Just start typing asset name, then pick the right one.
2. Take a look at orderbooks to get an understanding of the pair market.
3. Finally, fill the form and submit your order.


2 weeks ago
But there's no buying order at all. I cann't sell it here . That why I need transfer it to bittrex to sell it.
If I hold litecoin here and cann't trade it that make no sense at all.
2 weeks ago
You guys open a trading plat for trading . If I can't trade here at less you should let me transfer it to somewhere else I can trade it.

Support agent 2 weeks ago
You can put the "Ask" order or use the exchange - https://coinomat.com/#WLTC/LTC

2 weeks ago
Unfortunately that coinomat.com doesn't work. I can't transfer there. I still want you guys can transfer my litecoin to my bittrex account. I don't even mind you guys take some service fee for transfer.

Support agent 2 weeks ago
The site is working properly, please check it on your side. Try using a different browser.

2 weeks ago
But when I push the exchange button . It's just keep showing "Internal server error".
And how could they get my waves LTC? My litecoins still in my wave wallet.
Are they you guys business partner ? Could they directly ask you guys to send my litecoin to their acount ?

Support agent 2 weeks ago
Try to use VPN connection.

2 weeks ago
I`m in Canada. Which country`s VPN I need ?

Support agent 2 weeks ago
I'm in Russia, I just checked it via Russia and Germany vpns.

2 weeks ago
I try Germany and Russia both doesn't work.Still showing "internal serve error". Any other way I can transfer litecoin out or just exchange it? As long as don't stay in wavelite wallet doing nothing .

Support agent 2 weeks ago
Which browser do you use?

2 weeks ago
I just try IE. Firefox, Chrome. None of them worked.

Support agent 2 weeks ago
Please try with ZenMate vpn service - https://zenmate.com
About free trial - https://zenguard.zendesk.com/hc/en-us/a ... -for-free-

2 weeks ago
That's what I'm using now. I try Russia/moscow and Germany. No lucky. When you use coinomat what's show up after you push exchange button.
Why not you just control it for me if you can access it?
My litecoin address is : LTCMwd6UKxX8zT6F35NRor9N4kXrbEZ763
email : ******@hotmail.com .
I want to translate 480 litecoins .

Support agent 2 weeks ago
Tell me please, why did you buy LTC. We did not make any official announcements about the fact that the wave wallet supports the Lite Coin (I mean withdrawing to real LTC).
I have sent details to gateway administrators, and as soon as I receive additional information, I'll let you know about it in this ticket.

2 weeks ago
I just type lit into the coin choice table box in the WDE app . There some litecoin sell orders just show up . There're some how lower than marked price . I think that must be some body post long time ago and forgot to cancel it. So I bought it . Now I got lots of litecoins I need to cash them.

Support agent 2 weeks ago
You have not lost a coin. They are still stored in your wallet.
So, your request is still being processed by gateway administrators, please wait.

2 weeks ago
By the way I think you guys doing a big development for your apps now. Is that mean wavecoin price will going up?
I like to keep trading . I don't want those litecoin sitting there doing nothing. And besides you can see litecoin's price dropping lots yesterday. I'm afraid wait for couple days I gone lost lots from that. It's better to keep the profit now.
Any idea how long I still need to wait?

Support agent 2 weeks ago
Your request is still being processed by gateway administrators, please wait.

2 weeks ago
I don't know much about coins . what is gateway? They try to help me transfer my coin? Or they help you guys to open a litecoin exchange channel and then I can transfer by myself?

Support agent 2 weeks ago
All at once, the gateway team is working with coinomat/In Out BTC gateway/Indacoin txs.

2 weeks ago
Very good. Thanks. Do you got any idea how long it will take them to do it? I mean within days or hours?

Support agent 1 weeks ago
Dear user. Let me explain to you one important detail. Waves platform officially supports only those crypto-currencies that are marked with a green tick. Earlier you came to us with the problem of the fact that you bought a lite coin, I told you that you:
"Tell me please, why did you buy LTC. We did not make any official announcements about the fact that the wave wallet supports the Lite Coin (I mean withdrawing to real LTC).
I have sent details to gateway administrators, and as soon as I receive additional information, I'll let you know about it in this ticket"
So I got a the confirmation that the waves platform never released an asset for lite coin and has nothing to do with it. In any case, this makes no sense. Why should we substitute ourselves? Why should we create an asset without an unofficial announcement? While all major currencies have official status (green tick). This makes no sense.
You came to us when you already bought and / or exchanged a fake coins.
So I said to you :
At the moment, Waves wallet does not support the withdrawal of a Litecoin directly into the Litecoin network. But you can trade them on the DEX platform, just open "Waves Decentralized Exchange" (see third tab on the top), and then buy eg Waves or withdraw your bitcoins.
So, I did an investigation and found that the waves platform does not have an officially supported lite coin asset.
As I said before, it makes no sense to lie to you or create a fake asset and do not talk about it, it just does not make sense.
We have nothing to hide and I can easily show any conversation with you If it will be necessary.

Support agent 1 week ago
Also I said:
"At the moment, Waves wallet does not support the withdrawal of a Litecoin directly into the Litecoin network. But you can trade them on the DEX platform, just open "Waves Decentralized Exchange" (see third tab on the top), and then buy eg Waves or withdraw your bitcoins".
"You can put the "Ask" order or use the exchange - https://coinomat.com/#WLTC/LTC"
Why did I say that? You came to us with a problem, I tried to help you.
Regarding - "or use the exchange - https://coinomat.com/#WLTC/LTC"
Later I have sent details to gateway administrators, and I got a the confirmation that the waves platform never released an asset for lite coin and has nothing to do with it. In any case, this makes no sense.

[CieraWatson]

I suggest you use an escrow service like paxful dot com to do bitcoin transactions. I use this for a long time now and you get your bitcoins in just minutes.

[mcjero]

waves platform I was wrong and jumped to conclusions I believed I was being fucked.SORRY MY BAD

[mcjero]

The wavelite app, waveplatform offcial trading app, allow people to create their own tokens and trade within the Waves Decentralized Exchange (WDE).
So people create a worthless token and named it Bitcoin, Litecoin, Wavecoin, you name it, any coin you can buy at the market, and sell in in the platform at a lower price.
I bought it and found out it`s the fake Bitcoin. I complained to system administrator.
They just reply to me that people can do whatever they want at WDE and they won`t do anything about it.
And I have no chance to get the money back.
I even suspected that those fake coins were just created by WDE administrator.
They are cheating people`s money.
I need some advice what I can do next? Could I sue them? Or is there anywhere else I can complain to?
At least to spread this information out . Don't let more people fished by them.

I keep all the information about the trading information and conversation with the WDE administrator.

Consumer Complaints

my bad

[Neoclassical]

The wavelite app, waveplatform offcial trading app, allow people to create their own tokens and trade within the Waves Decentralized Exchange (WDE).
So people create a worthless token and named it Bitcoin, Litecoin, Wavecoin, you name it, any coin you can buy at the market, and sell in in the platform at a lower price.
I bought it and found out it`s the fake Bitcoin. I complained to system administrator.
They just reply to me that people can do whatever they want at WDE and they won`t do anything about it.
And I have no chance to get the money back.
I even suspected that those fake coins were just created by WDE administrator.
They are cheating people`s money.
I need some advice what I can do next? Could I sue them? Or is there anywhere else I can complain to?
At least to spread this information out . Don't let more people fished by them.

I keep all the information about the trading information and conversation with the WDE administrator.

Thanks for notifying. This is what comes with a free, unregulated market place.

[mcjero]

I owe an apology to wavesplatform peoples I thought I was being fucked in jumping to conclusions I have made an ass of myself