A new crypto exit scam just took place, NovaChain closed both of it’s website and it’s twitter account and stopped replying to it’s users emails.
I learnt about NovaChain from a YouTuber whom I follow Hack Crypto who is currently has more than 25k subscribers, he promoted NovaChain in one of his videos that he posted couple of weeks ago by the name “NOVACHAIN Cryptocurrency High Frequency Trading Bot Passive Income UPDATE” claiming its a trusted source to earn passive crypto and unfortunately some of his followers fall in this scam. Gladly that smelled fishy so i didn’t even bother checking NovaChain.
NovaChain was a platform that had an arbitrage trading bot “T-rex trading Bot” that allegedly was making profits 24/7 while trading the Crypto in Binance using arbitrage trading technique. Same Like BitConnect.
It seems that NovaChain made good money from it’s users.
NovaChain was promoting its scam through fake reviews and through some crypto YouTubers and Twitter influences who have followers. And through heavy paid social media campaign.
Avraham Eisenberg, 27, from Puerto is accused of committing a $110 million cryptocurrency fraud according… Read More
Cryptocurrencies have became a popular subject in the recent years. In this post, we will… Read More
Ravencoin is a blockchain platform that was created in 2018 as a fork of the… Read More
Binance Smart Chain (BSC) is a blockchain network developed by Binance, one of the largest… Read More
A 51% attack is a type of attack against blockchain that occurs when a miner… Read More
Till today, the creator of Bitcoin Satoshi Nakamoto remains a mystery. The real identity of… Read More