Founder Steve McCullah of Apollo (APL) Finally Addresses Recent Crypto Scam Allegations

As many of our regular readers may remember, sometime back a Reddit user by the name of RozzyPoffle alleged that the Apollo (APL) crypto project was a scam designed to rip off unsuspecting customers of their hard earned money.

The Apollo Currency Team (APL) just engaged in a massive pump and dump scheme, dumping hundreds of millions of coins on their investors from CryptoCurrency

However, following weeks of silence, the founder of Apollo ‘Steve McCullah’ came forth and denied the aforementioned allegations that have been levied against his company.

McCullah Strikes Back

Through a news piece aptly titled “Apollo Cryptocurrency Scam Answered by Steve McCullah”, the company’s founder looked to debunk all of the claims that had been levied by RozzyPoffle against his firm. For example, yesterday Rozzy posted a message online stating that his prediction of a “pump and dump” had come true since a massive number of APL tokens were recently transferred from the company’s main wallet to various third-party exchanges causing the price of the asset to dip by nearly 80%. In response, Mccullah noted:

“As I stated before, there is no reason for anyone involved with the Apollo Foundation to sell on any exchange because we get constant OTC offers from investors that purchase amounts too large for exchanges.”

In a similar vein, there was another allegation floating on the internet that claimed the APL team had been responsible for pumping up the price of their native altcoin offering and silencing people who spoke out against their company in their Telegram group. In response to this, McCollough stated that group admins had the power to remove members if they were acting in

“violation of a set of strict rules and not because they were found to have made negative statements about the project.”

However, RozzyPoffle was quick to note:

“I have at least 20 screenshots of it (bans) happening directly on my computer. Here’s one: a user gets banned because the admin says they had seen that user in the NXT Telegram. That user did not do or say anything at all besides engage in normal

conversation: https://imgur.com/a/GVwnxuO.

Others are Also Questioning The Legitimacy Of Apollo

In addition to RozzyPoffle alleging Apollo’s core team of indulging in unethical activities, Jelurida co-founder Lior Yaffe also took to the internet recently to voice his opinion regarding the project.

“It’s a pure money grab. The features they promised in their roadmap are either trivial or very complex beyond their ability or simply impossible,”

Not only that, but Yaffe also went on record to state that the Apollo dev team had stolen NXT codes— another claim that McCullah has vehemently denied in the past.

Final Take

As more and more evidence keeps on piling up against McCullah and his company, it will be interesting to see how things pan out for the Apollo project from here on out. While many members of the global crypto community are already calling for McCullah to be arrested, it is only just that the man is given a fair trial before a verdict is delivered.

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Avatar
Shiraz J
Shiraz is a multi-year cryptocurrency analyst and blockchain journalist residing in Melbourne, Australia. When he is not writing about the bitcoin ecosystem, he enjoys the art of meditation, playing the blues and traveling the world.

[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

1 COMMENT

  1. IDAX also have frozen their exchange the date of APL dump. They have left the exchange showing like is working but no trade or withdrawal was. Deposits were working… Price for APL was higher at idax and a lot of people deposited there to sell. On their telegram 90% of customer was asking for apl deposits. Idax was claiming that they were doing upgrade for over 5 days…

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