A number of token-selling projects has popped up last month, with high visibility on PR channels, “news sites”, and feeds, which have been shown to have fake teams.
These include (but are not limited to):
Claims to build a cross-chain NFT marketplace, no code, website only. All team members are fake, with such a pearl among them:
Manipulated image shown
Fake team could not even afford stock photos, so they made two out of one:
The fake bios are sometimes hilarious, with a “Jenny M’caine” who says to have been a “speaker” at a “Northeast conference”. Obviously the person who wrote this has no idea of the US-specific meaning.
I reached out to some former employers of their CTO, which is the least suspicious. None of the others is existing as such.
Generally, these make heavy use of PR sites, generate “news” on how much is sold of their seed and pre-sales, and at some point give a “first glance at upcoming UI” as video or graphic. No code is shown, no questions answered, and if asked why there are fake people on their teams, they block you.
The chain began with Ravendex (with an anonymous team), where the Nigerian community manager “Alex Grayson” is the only known person. Grayson did also the Verlux telegram group (first denying this), and called the fictional CEO “Glen Grayson”.
Basically, these are 419s in a modern incarnation: Pay us, pay us more, you’ll get a fortune soon.
These fishy cardano projects have evolved over time, and it’s possible that there are more of these.