Hello Techlore community, this video is going to break down some of the possible risks involved with the cryptocurrency (ICO) ArbiTraCoin. I have very much reason to believe that it is a scam, similar to the Bitconnect scam which recently struck the cryptocurrency market. Although there is no way to fully prove the scam, we can heavily speculate some of the issues with the service's software, 2% daily interest rates, anonymous team, and the similarities to Bitconnect. Let's try to make the cryptocurrency market a healthier place by encouraging transparency between projects and consumers :) HODL MY FRIENDS!
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I can confirm it is a scam, once you invest it will be locked and you cannot get it back. They don't communicate and the 2FA doesn't work.
The YouTuber MrSotko CryptoCurrency has made an excellent video breaking down the issues with ArbiTraCoin. It appears that he was hit with a dislike bot from the ICO, and they left a comment, which MrSotko claims received upvotes from spam bots. Here's his video:
I do NOT want to immediately assume a service is a scam with a possibility that they are legit, but I want to point out all of the very suspicious aspects of this ICO and their "Software". In the crypto market, you have to keep your guard up!
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