Digitex - One click cryptocurrency trading

transferFunds
Posts: 22
Joined: Mon Feb 07, 2022 2:42 pm

I didn't actually know much about the guy until this post but it's a real eye opener just how easily it was to set up a coin and hype it up. With no regulation you're free to pretty much do as you please without comeback.

Seems he created another Billion DGTX a few days ago even though they were sold on the assumption the DGTX holders would be the one's to vote when new coins were minted, guess the rent has to be paid somehow :)

https://medium.com/@blockstercom/should ... 1115a5294f
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ShaunWhite
Posts: 9731
Joined: Sat Sep 03, 2016 3:42 am

transferFunds wrote:
Thu May 12, 2022 4:00 pm
With no regulation you're free to pretty much do as you please without comeback.
The krypto kids think being disruptive while the grownups aren't looking is going to be fun, but when the big boys steal their sweets and they run to mummy she won't give a damn. You want lawless, you get lawless.
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Euler
Posts: 24700
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ

Those articles are an amazing read. Shows you what can happen when things are completely unregulated.

There was a link to the latest venture in there as well: -

Blockster — The new money grabbing scam from Digitex and Adam Todd

https://docs.google.com/document/d/1SZs ... XH4iosjJk/
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Naffman
Posts: 5626
Joined: Sun Aug 11, 2013 5:46 am

Euler wrote:
Thu May 12, 2022 5:22 pm
Those articles are an amazing read. Shows you what can happen when things are completely unregulated.

There was a link to the latest venture in there as well: -

Blockster — The new money grabbing scam from Digitex and Adam Todd

https://docs.google.com/document/d/1SZs ... XH4iosjJk/
He really is just a hustler
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Euler
Posts: 24700
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ

Only just cottoned that the domain vanished as well. At the start of the thread this was the domain: -

https://digitexfutures.com/

Now it's: -

https://digitex.io/
eightbo
Posts: 2154
Joined: Sun May 17, 2015 8:19 pm
Location: Malta / Australia

Hard to stomach, was a cool concept.  Hopefully faces some reprecussions one day if this was as immoral as it reads.

https://twitter.com/Digitex_io/status/1 ... 5002610697
more entertainment in the comments but here's a nice one :lol:

Image
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Bog
Posts: 190
Joined: Sat Aug 11, 2018 7:19 am

:roll: :shock:

CFTC takes legal action against Digitex futures exchange and CEO
https://cointelegraph.com/news/cftc-tak ... ge-and-ceo
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Euler
Posts: 24700
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ

Wow

That said, the whole Crypto space has been one unregulated Wild West. I guess the thing that has changed now is that it’s being pulled into shape.

Adam had always been a bit gun ho, so some of the stuff he has said was always going to land him in hot water if regulators went for it. It looks like they are going for it.
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Naffman
Posts: 5626
Joined: Sun Aug 11, 2013 5:46 am

Just seen that about a month ago Adam Todd has been fined $16m by the CFTC, he should've stuck to filling the gaps on Betfair in the end I guess.
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wearthefoxhat
Posts: 3205
Joined: Sun Feb 18, 2018 9:55 am

Naffman wrote:
Tue Aug 29, 2023 8:58 pm
Just seen that about a month ago Adam Todd has been fined $16m by the CFTC, he should've stuck to filling the gaps on Betfair in the end I guess.

Maybe...he could make a come back. "240 consecutive winning days...Average 9/10 races..."

He could try, and document, one of those £100 to £10,000 challenges you see on the poker circuit. Then £10,000 in to £100,000...etc

Even accounting for PC, he'd get back the $16 million in double quick time....

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That would be more impressive that "allegedly" sandbagging investors on his new "venture" Digitex games - Feb 2023 (raised $1.4 million so far) :roll:


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