Whale Alert has stopped tracking HEX for suspicious reasons…details here
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Answer Whale Alert has stopped tracking HEX for suspicious reasons…details here
The Whale Alert account, which is famous for tracking large cryptocurrency transactions, will stop tracking these latest HEX transactions, which is a digital currency built on the Ethereum blockchain.
Advertising The Whale Alert cessation of tracking HEX was revealed on Monday:
ℹ️ ℹ️ ℹ️ We usually don’t comment on projects, but have decided to remove #hex From Whale Alert, because it doesn’t fit our view of what the blockchain is all about. Make sure you do your research and be wary of big promises.
– whale alert (whale_alert) May 4, 2020
Whale Alert stops tracking HEX transactions:
The HEX project will be deleted from the Whale Alert database for suspicious reasons.
Read:How much money do you need to make “Pump and Dump” on Bitcoin?
Crypto tracker mentioned in a tweet that HEX does not meet with blockchain projects and while referring to the delisting process of the HEX project, Whale Alert warned investors to be careful enough with crypto projects that promise big returns.
He also reminded traders to do their own research on the cryptocurrency to invest in.
HEX scam coin:
HEX falls under the category of ERC20 tokens, and the project was developed by Richard Hurt in December of last year.
The project presents itself as a blockchain-based project that allows users to share their cryptocurrency to earn revenue when a new coin is issued.
But the currency, since its appearance, has raised many concerns within the crypto industry, where we warned about it in the Arab Bitcoin in its infancy and told us that it is a fraudulent currency that we should beware of:
- A digital currency has fallen by 99% in the last 12 days… What are the reasons?
- HEX fraud project escapes with investors’ money estimated at more than 7 million dollars
David Sonstebo, CEO of IOTA, also warned during an interview he gave on December 20, 2019 of the project, stating that the project carries many red flags, most notably the promise to provide a return of 1500%.
Read:Get to know this billionaire who gives Bitcoin to introduce Bitcoin!
Weiss Ratings also classified the HEX project as a scam project, that the money deposited in it is directed to one account and that the project’s goal from the beginning is to benefit the project’s owners, not users or investors.
Being careful and researching well about the project before depositing any money is among the conditions that must be followed to avoid losing money in a ruthless market.
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