Over the past few days, we have been covering all kinds of stories, varying between crypto news, new coins being announced, old coins not delivering on promises and all of the drama surrounding the BlockNet ITO. I have received some information in regards to past actions of LibrexCoin’s representative KidKrypto. None of the following information has anything to do with the actual LXC developer though.
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Late last night, while I was browsing the BitcoinTalk forums , I stumbled upon a thread where the discussion in regards to BlockNet was taking a different turn. To be more precise, claims were being made against one of the BlockNet coins, LibrexCoin (LXC) in this case.
The representative of LibrexCoin, who goes under the name of KidKrypto on BitcoinTalk, was apparently a part of one of the biggest pump and dump groups plaguing the altcoin scene as of late.
KidKrypto used to be involved with P&D Group Altcoin Pros
For those of you who are unaware of what Altcoin Pros exactly is, this is a notorious pump-and-dump group who have been pumping various coins and then dumping them into oblivion. Nothing unusual in the world of altcoins unfortunately, but still, worrying.
Leader of Altcoin Pros is perhaps one the most notorious names in altcoin history, none other than Bobsurplus. Not a name you ever want to encounter if you have any honest intnetions in the world of digital currency and altcoins.
So how was KidKrypto connected to Altcoin Pros? Well, there are two ways of proving just that. First of all, KidKrypto made a post in the official Altcoin Pros thread on BitcoinTalk on October 13th, which has since been removed. I did manage to quote his post though :
“This group can and will make you money. It is more a group than just Bobs although he does guild it and play a huge role. The group works together and makes things happen. I’ve been in this for 2 months and have easily doubled each month my btc investment in the coins the group markets. I’m sure at some point this group. IMO is he should charge 5btc for new members to separate the wheat from the chafe. “
-KidKrypto, October 13th 2014
I would like to point out that, while KidKrypto used to be a part of Bobsurplus’ pump-and-dump group, he left that group before LibrexCoin became a part of BlockNet. The LibrexCoin developer had no knowledge of KidKrypto being involved with Altcoin Pros.
Chat log where KidKrypto confirmed LXC is his coin
An interesting chat log surfaced during the research conducted by several people regarding this matter. We see a conversation between Kid Krypto, where he confirms LXC is his coin. I have to put this a bit into perspective though. Kid Krypto is the representative of LibrexCoin, and NOT the developer. The other person in this conversation is Argakiig, the SONIC developer.
No one is saying Argakiig or SONIC are involved in this pump and dump group, or any other nefarious activities for that matter. This just happens to be a conversation between these two people, and we don’t know their relationship to one another.
You can find the chat log here. (this chat log has been confirmed by Arkagiig to be genuine.)
Official statement from the BlockNet team
The BlockNet team had caught wind of these conversations being exposed sooner or later, and they have issued an official statement in regards to LibrexCoin and KidKrypto’s past actions.
STATEMENT ON A RUMOURED SECOND SMEAR CAMPAIGN AGAINST THE BLOCKNET
It has come to our attention that the people implicated in the previous smear campaign against the Blocknet are preparing another one, timed to cause a selloff on Bittrex today.
We’re unsure of the nature of the claims to be made, but since it doesn’t take a genius to guess what a malicious group of trolls would choose, we’ll venture a hypothesis.
Bobsurplus (who also goes by the name of International Rob) is rumoured to have pumped LibrexCoin (LXC).
LXC is part of the Blocknet.
Therefore, by implication, our guess is that the smear campaigners will claim that Bobsurplus is involved with the Blocknet in some respect.
BobSurplus is not involved in the Blocknet in any respect.
He has no place on the Foundation.
He has no influence over how funds are spent.
And he has no role in any other respect.
We are unable to comment on whether Bobsurplus maintains contact with any of the participating coins on the Blocknet – and we have no basis to assume if there is any contact, it is of an illicit nature. But we can confirm that we have no contact in any respect with Bobsurplus either directly or indirectly on behalf of any participating coins.
So in short, all claims that Bobsurplus is in any way involved with the Blocknet are false and have no basis.
Finally, concerning the possibility that the claims have some basis, we take the ethicality of the Blocknet very seriously; there is simply no place for unethical or illicit dealings in the Blocknet.
As such we will review the claims made, and if we find the facts to be true, we will take appropriate action.
The article I posted previously was not correct, and therefore I humbly apologize to the LibrexCoin community. I admit I made a mistake, and I would like to thank the BlockNet team for helping me in clearing up the mess I made.
I would also like to thank KidKrypto for coming forward with the information in order to rectify the previous article, which is as of now removed from CryptoArticles.