Coinseed, Pressured to Shut Down, Promotes Obscene Token Concentrating on NY Lawyer Normal



In short

  • The workplace of New York Lawyer Normal Letitia James sued the crypto firm Coinseed for fraud in February.
  • This morning, Coinseed introduced it’s shutting down.
  • In a retaliatory screed, the corporate’s CEO stated he’s gifting away a token known as “FuckLetitiaJames.”

Again in February, the workplace of New York Lawyer Normal Letitia James sued a crypto funding platform known as Coinseed for allegedly defrauding buyers out of over $1 million.

Now, the corporate has been compelled to close down—and it is lashing out at James.

James initially accused Coinseed of working as an unregistered broker-dealer, and elevating funds by way of a fraudulent ICO (preliminary coin providing). “Lawyer Normal James seeks to cease Coinseed… from additional working as unregistered commodities broker-dealers by way of their cell software, in addition to return investments of Coinseed’s nugatory cryptocurrency, the CSD token,” learn February’s press launch. Within the wake of the submitting, prospects complained Coinseed was changing funds into Dogecoin with out their consent.

Coinseed is now formally “winding down,” in response to a press release from CEO Delgerdalai Davaasambuu—although “assertion” might be too beneficiant a designation for what is basically an extended, retaliatory screed. The announcement observe’s last week’s court order instructing Coinseed to halt operations.

Within the word, Davaasambuu refers to James and former New York Lawyer Normal Eric Schneiderman (misspelled as “Erik”) as “crooks” and says the NYAG’s arguments are “simply bullshit.”

“Please annoy the NYAG as a lot as you may since they’re the individuals who brought on all of the mess,” he continues. “Name them, e mail them, write letters to them, curse them. The extra, the higher.”

The web site coinseed.co, which hosts the assertion, additionally shows a large banner advert for one thing known as the FuckLetitiaJames token:

“As for the NYAG Letita James and her cronies, I’ve created a devoted token FLJ (Fuck Letita James) on the contract handle 0x30730cfd060526A36fbd6dB474d92B8603F19bE7,” reads Davaasambuu’s assertion. “It’ll be listed on numerous DeFi platforms quickly and shall be out there for buying and selling,” it says, referring to the “decentralized finance” buying and selling platforms which permit their customers to alternate tokens peer to see and are largely unregulated. “Be part of the airdrop occasion and get FLJ token totally free.”

The “be part of airdrop” button on the Coinseed web site then prompts customers to ship 0.002 ETH to a different Ethereum handle, which the web site claims is used to order the free tokens and pay the transaction charges.

Davaasambuu additionally says he plans to return customers’ funds, someway, and ends the assertion with an opaque remark relating to the query of funds being transformed into Dogecoin:

“As for the Dogecoin, I am good at trolling! 💩”



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