Home Litecoin News 'Scams' And 'Lies': Tone Vays Takes Intention at TokenPay, Verge and Litecoin

'Scams' And 'Lies': Tone Vays Takes Intention at TokenPay, Verge and Litecoin

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Cryptocurrency dealer and analyst Tone Vays has hit out at Litecoin and the self-professed “world’s most safe coin,” TokenPay — accusing the latter of being an outright “rip-off.”

Vays: TokenPay is a Verge ‘Byproduct’

TokenPay, which along with Litecoin this week confirmed it could buy 9.9 percent of German bank WEG, beforehand agreed to work with controversial cryptocurrency Verge to launch a cryptocurrency debit card. Whereas the TokenPay-Litecoin deal might finally see the 2 management 90 % of WEG, it’s Verge which has raised purple flags for all three events — with Vays discovering that “too many individuals are interconnected” and different “lies.”

“This rip-off coin is a byproduct of [Verge],” he wrote about TokenPay in a sequence of tweets on July 13.

Since Verge and TokenPay initially introduced they might work collectively in April, social media has been awash with multiple claims of foul play — lots of which surfaced on Reddit and had been subsequently eliminated. Throughout the identical interval, Verge builders had been contending with a number of hacks of the coin, the newest of which resulted in losses of around $1 million in Might.

A Week Of ‘ICO Scams?’

In accordance with Vays, TokenPay’s CMO is an “nameless Verge shill,” noting a substantial majority of TokenPay’s tweets associated to the controversial altcoin.

Turning his consideration to TokenPay’s dealings with Litecoin, criticism even concerned the latter’s creator Charlie Lee — who Vays appeared to insinuate was bribed. “So how does this [TokenPay] CEO get somebody like Charlie Lee (Not tagged on objective, I’m positive you all will inform him), it appears to be like to me such as you simply waive some cash or a promise of shopping for a financial institution to clean your printed cash of the [ICO] Rip-off,” he commented.

The three-way debacle shouldn’t be the one goal of Vays’ suspicions this week.

Bancor, the quasi-decentralized trade platform which misplaced $12 million to hackers, was also labeled “one other ICO rip-off” as a part of the industry-wide disbelief on the mission’s decentralization claims. 

What do you consider Tone Vays’ TokenPay suspicions? Tell us within the feedback part under! 

Photos courtesy of Shutterstock, Twitter.

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