Detective CryptoLemon is investigating #ChainLink $Link and the latest Zeus Short-seller report !
Dear HODLers and Hivers,
First of all, I would like all of us to have a calm discussion about this report and ChainLink. I do not have any interest in insulting each other over the investment case.
At the moment I am just STARTING the process and therefore do not have a clear opinion.
If I am willing to go through all of this it is to help each and everyone of you to understand how shortsellers work and how to spot a Scam.
I have spotted Bitconnect a long time before it went bankrupt; I actually wrote about it on Steemit (112$ post and 120 commentds damn these were good times !).
You can find my old article and investigation here
I also spotted the same thing for Wirecard (called it in 2017). Today I am calling HEX a very "opaque crypto and potentially a scam".
Thanks to a post from @xyzashu, I have started looking at #Chainlink and its $LINK token.
A short-seller has published quite a thorough report on July, 16th. You can find the full report here or wait for my thoughts later tomorrow.
I have read most of it and started looking if Sergey Nazarov or #ChainLink replied to the points raised in this report.
Apparently they did not put a PR statement or a video going over them as they claim these are "Bullshit" and that short-sellers are taking advantage of the FUD.
Concerning the second part they are right, but this is a basic thing with any short-sellers report. Of course people DO NOT WRITE these for free. They collect information and defend their investment thesis and hope other people will do their own research based on some of their findings and act on it (i.e sell) therefore giving them a nice profit.
What is more surprising is the way ChainLink reacted (basically doing nothing for the past week) and using digital forensic to find the writer.
This behavior of retaliation reminds me A LOT of Wirecard.
Wirecard did not reply to allegations for a while and just said basically: It is bullshit, let's prosecute the FT and other short-sellers for lying.
Well... we know how it turned out...
As I am just starting and read most of the report I tried to reach out on Twitter to see if there were some answers given by Sergey or the team.
I was just met with some aggressiveness and already some lies from $LINK fans. This is not starting well...
This first post is just an introduction and you will have the complete investigation tomorrow probably.
To be continued...
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Why did not you warn me then? Hahhh! 😋
Chainlink fraud is one of the suspicious actions worth investigating. I hope the ones that are responsible for this attempt will be punished.
We do not know yet but let’s see ! I did warn look 👀 at my Steemit post from 3 years ago haha 😆.
What i hate more than loosing money is loosing money, damn...diversification comes with its risks
Eagerly looking forward to your findings.
May be, I'll be able to buy $LINK below $3 soon 😝
But how much it should be valued for, will certainly depend on what facts you get hold of.
Thanks for putting energy into it despite of you not being invested into this project!
Well, it takes a LOOOT of time hehe.
Not quite done yet 😃