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

Prime among the report's disclosures is that Goxtrade takes photographs of unaffiliated people from web-based life locales and assembles them to shape its online staff exhibition. Goxtrade allegedly even holds some of their genuine names.

Amber Baldet, the co-founder of blockchain startup Clovyr, is one person whose name and picture were featured on Goxtrade’s employees' roster. She has gone through the appearance on Twitter:

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

Notwithstanding the deceitful photographs, TechCrunch reports that the corporate isn't enlisted at its promoted location and it's missing from the United Kingdom's vault of firms and organizations.

Moreover, some of Goxtrade’s contact info results in unrelated entities. The advertised telephone number of the corporate, for 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, hard Fork revealed a piece yesterday, May 16, alleging that blockchain startups RepuX and JoyToken conducted joint initial coin offering (ICO) exit scams. the 2 firms have reportedly disappeared with roughly $8 million in assets once refusing to pay promoters who helped market their ICOs.

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