As a crypto investor for more than 4 years, I have seen some miracles with my own eyes and experienced them in the crypto world while a lot more projects are either disasters or frauds. However, I still cannot believe what happened to RET by one of my good friend who invested in it, which might be the worst case and fraud in blockchain.
RET project has too much copy content on its official website www.retchain.vip and is highly similar (almost the same) to TAC website dl.tacblock.com in both content and format.
If you read RET white paper in details, you can find some pictures with logo watermarks of other projects are often used in it, which is a very obvious “copy and paste” from other white papers. You can see what the logo is, it is VECHAIN.
Besides, RET steals someone else’s profile and uses in the white paper with a different picture.
What’s worse was almost all RET investors were lured by certain girls who kept telling them a very similar story that their uncles were working for RET and it was convinced RET price would definitely go higher.
Unfortunately, RET investors are not the only victims here. What shocked me was that the exchange (DOBI Trade) which only helped RET with KYC was cheated and set up by RET. Below was how RET team manipulate investors by using the white paper with fake team while they used another version to pass due diligence.
My friend told me he found it quite weird before he bought RET that he was driven to another webpage to buy RET (probably the RET official website) while the KYC needed to be done on the exchange. In this case, he checked with the customer service of the exchange and got the reply as follows.
RET is the worst case I have ever seen and it’s also a warning example for everyone who wants to invest in any crypto asset that you need to be very cautious and have complete understanding in a project before any investment.
This article was submitted to Blockmanity as an annoymous oped and may or may not represent the views of Blockmanity.
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