Chromaway Scandal Update: Ian Balina Caught, Godenzi Fired and CTO Cashgrab

Chromaway Update on Balina, Godenzi and CTO

The story started with a letter written by people that exposed corruption in Balina’s private group. The letter is titled: ‘Letter to the Community: Before you Invest in Chromaway.. You Should Read This..

(If you want to know more about it you can check that here.)

As per this article, Godenzi and Perelman explained that all what was in the letter presented was a FUD campaign against them. However, things turned out to be true. And yes, there was a secret huge allocation.

After this, the team decided to give a reply using Benn Godenzi’s telegram channel. They explained that all the points made in the Chromaway Tipsters letter were not true. In the end, things were not as they expected. Ian Balina’s pool was exposed on Etherscan alongside with the Primablock Address. They were holding 7,000 ETH, valued at $2 million dollars, very close to the $2.5 made in the letter that the CEO himself called a ‘bullshit.’

This situation gathered more than 1,000 new investors in the ICO Check channel that wanted to join the discussion and hear an explanation from Chromaway Advisors.

Benn Godenzi was indeed the first in line for questioning about the link circulating in the community. He realized that the information provided before – that no one had any allocation close to $2.5 million dollars – was inaccurate. Users were also doubting about other statements that he made in the past.

And people started to test Benns’s claims about transparency in the virtual currency and ICO space. For example, the user C0mm0n.

It is important to mention that the primablock of Ian Balina’s pool has been publicly shown with screenshots, as well as the name of the pool ‘Chromaway presale – 100X.’

This is Ian Balina’s public pool:

https://etherscan.io/address/0x01985445aede4e950d049b79695352f34f51b9dd

As per different reports, one of the most important criticisms of the team behind Chromaway, was related to hiding information behind Ian Balina and Godenzi to have plausible deniability.

But things changed. Benn Godenzi confirmed that the Team has been giving him bad information about all the situation. Moreover, he does not agree with the fat that Mr. Balina is pooling 8800 ETH and that he has the same metrics as everyone else.

Ian Balina decided to enter the conversation commenting:

“Everyone here needs to stop this mental maserbation. Our tokens are locked and yes we have a huge allocation because we will be working closely with the project. If you have any issues with any of that, you are free to take your interest elsewhere. No one is forcing anyone to participate in Chromaway.”

Moreover, Ian Balina started to discredit Benn Godenzi saying that he was not part of the team.

However, Benn Godenzi explained that he was advising Chromaway and that he had access to the allocation sheet.

And after it, Balina seems very confused saying that users shouldn’t expect him to know everyone working with them.

It seems that there were to different sheets, one with false information that has been used by Benn, and a real allocation sheet.

Chromaway’s CTO, Alex Mizrahi, decided to jump into the debate on twitter. He said that Mr. Balina and Mr. Godenzi are not advisors.

Or Perelman, the CEO, was involved in an argue on Twitter with a stranger. Mr. Perelman said that there is no evidence about it, even when a user sends him a screenshot.

But some time ago, Perelman wrote that Ian Balina and Benn Godenzi were both advisors and that had access to an unlock founding round of $2.5 million dollars.

Ben explains that Chromaway should be against the pools, but in the end they are turning a blind eye to Ian.

Ben decides to answer a question about Chromaway related to VC’s suspension and Ian taking 16.6% of the total supply for sale. Ian decides to leave the group without giving a confirmation that he is pooling. And indeed, Mr. Balna just left the room in this way:

Ian knows that he will get sued like Godenzi, this is why he gets a name change of the Primablock Pool. Alex Mizrahi says that they do not care about hype, or people making OTC deals and more. Their intention is to collect funds to finish the development of the platform.

In the last five days, 1,000 ETH has been confirmed lost from scams in Chromaway OTC deals.

Final Thoughts

The situation is very complicated and a real mess. There is evidence about 100X advisors re-selling their allocation to smaller pools for markup.

Investors in this ICO and in Chromaway are trying to disassociate themselves from these situations.

The ICO market has a lot to learn from and change. It is not possible for it to keep experiencing such situations from one day to the other. Because of things like that, regulators are worried about virtual currencies and the crypto world in general.

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