More

    BHB Crypto Project (Bgepay.com) Who Secured $20 Million Accused Fraudulent Founding Team

    A new investigation performed by CoinDesk shows that the startup BHB has faked its founding team. There are some images associated with the founders that were taken from university professors. These individuals are currently denying the accusations.

    Now, the project has taken down its website. The professors explain that they have never given permission to use their pictures. Moreover, the startup has also listed invalid contact details on their site. Although the crypto market is still in a bear trend, projects continue to attract investors with fake information and data.

    The financial engineer was Bobby White, the blockchain expert David Chen and the product designer was named Gregory Moss. However, Bobby white seems to be Alexander White, an economics professor at China’s Tsinghua University. Gregory Moss is a professor at the Chinese University of Hong Kong and has also that same name.

    Mr. Alexander White commented during a conversation with CoinDesk:

    “Any use of my photo for such purposes, including attached to the name “Bobby White,” is fraudulent.”

    Moss has also explained that he never gave permission to BHB to use his image to sell its products and services. The company has also provided false information regarding its phone number and its headquarters. The firm informed that it had an office at New York City 22/121 Apple Street.

    There are also some concerns regarding how users would be dealing with BHB tokens. Investors will not be receiving or mining BHB tokens using programmatic means. It is only possible to buy these tokens use Tether (USDT) on XBTC or Chinese yuan, through WeChat groups.

    The suspected founder of BHB, Renbing Li, explained that BHB is not a pyramid scheme and explained that the intention is to liberalize communities. According to data provided by XBTC; there have bee $21 million in BHB transacted for USDT.

    According to the platform, over 25,000 individuals have already received dividends for their investment. Now, users have been complaining since February that the project has frozen withdrawal requests for USDT.

    Today's Crypto Price Predictions: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and BCH Analysis (Feb 27)

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Carl T
    Carl T
    Carl is a legend in cryptocurrency space for his long-storied experience, history and insights. He is a digital nomad who fell in love with bitcoin and its offspring for many years now and prides himself on delivering quality perspectives in the emerging world of crypto-assets and blockchain technology.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    3,266FansLike
    2,732FollowersFollow
    4,091FollowersFollow

    Live Bitcoin Price & Latest BTC Chart News

    Today's Latest Crypto News

    Swiss Private Banking Giant Julius Baer Adds Digital Asset Trading And Crypto Custody Services

    The major Swiss wealth management and private banking group Julius Baer just launched, in partnership with Seba, its new custodial and trading cryptocurrency services. The...

    Iran's Ministry of Industries, Mining, and Trade Grant More Than 1,000 Crypto Miners Licenses

    Iran is regulating crypto miners after a new licensing regime has been introduced by the country’s government. According to an official representative from the Iranian...

    CME Gaps for Bitcoin Price Fill over 95% of the Time: Research

    CME Gaps are popular topics that frequently get talked about in the crypto market, which usually has seen Bitcoin dumping. These Gaps occur because unlike...

    The Upcoming Cut in Bitcoin Supply Means Zero for BTC Price Says, Analyst

    Searches for bitcoin halving on Google Trends on an uptrend “Makes no sense” to discuss if the halving is priced in says economist...

    WEF's New Global Consortium To Focus On Cryptocurrency Governance Framework

    The World Economic Forum (WEF) has announced the creation of a global consortium which will come up with a governance framework for all cryptocurrencies...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.