Purported bitcoin (BTC) exchange Goxtrade has been accused of being a scam, technology news publication TechCrunch reported on May 17.

Chief among the report’s revelations is that Goxtrade takes photos of unaffiliated individuals from social media sites and compiles them to form its on-line employees’ gallery. Goxtrade reportedly even retains a number of their real names.

Amber Baldet, co-founder of blockchainstartupClovyr, is one person whose name and picture were featured on Goxtrade’s employees roster. She more established the looks on Twitter:

“Fraud alert: I'm not a developer at Goxtrade and possibly their entire business may be a lie.”

In addition to the deceitful photos, TechCrunch reports that the corporate isn't registered at its advertised address and it's absent from the United Kingdom’s register of firms and businesses.

Moreover, a number of Goxtrade’s contact data leads to unrelated entities. The publicized phone number of the corporate, as an example, directs to a now-defunct Birmingham clothing company. Its listed email address is related to Russian internet company Yandex.

As Top Market Group reported, exhausting Fork revealed a piece yesterday, May 16, alleging that blockchainstartupsRepuX and JoyToken conducted joint initial coin offering (ICO) exit scams. the 2 corporations have reportedly disappeared with roughly $8 million in investment after refusing to pay promoters who helped market their ICOs.

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