Pukkamex

CryptoEclipse 59

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CryptoEclipse posted on May 04, 2020 17:37:19

I'm an investor into Pukkamex project since Aug 23 2019 and writing this review to spread the word about how Pukkamex team scammed the investors and are doing very little for not being called a scam.

Once you read my review, if you are an investor into this project please write your review stating if you disagree or agree with my conclusions below.

And if you wa Click here to see more...nt to help to report Pukkamex C-level team members to authorities and their project to regulators for investigation - please join Telegram group t.me/Pukkamex_scam.

Meanwhile here is the summary of what Pukkamex team did (or rather didn't do) to have clearly position themselves as a scam:

- Pukkamex is a supposedly "paused" project (lack of funds from Sep 2019) and has no official Telegram group moderation whatsoever, no community engagement, no replies to a few remaining investors' questions for days and sometimes weeks.

- Vast majority of team members and advisors have clearly abandoned the project - Ahmad, the CEO is not responding to PMs on Telegram since Oct 16 2019 and has not shown in the official group for months without any explanation given to the investors besides "he's still on the team", the rest of the C level team members similarly are not engaging in any conversations with Pukkamex Telegram community anymore (with the exception below).

- The only team member that is doing leap service for Pukkamex is Mo Masri, the Chief Compliance Officer who gives the same updates again and again - "we are looking for funds". Without showing any factual evidence of the team's work in that direction.

- There was no evidence ever of a finished product (a cryptocurrency exchange), the MVP version they have released in Aug 2019 just before they halted operations (after sourcing the last $55K from a private pool of investors) looks unappealing and ilfar away from a finished product.

- Obviously no new investors will fund the project as they will have to do a minimal research and will see all of the above. The "we are looking for funds" in Pukkamex case is clearly an excuse to avoid the responsibility of dealing with the frustrated investors and provide a financial report and a refund.

- There are many other red signs...

I don't see even 1% chance of this project getting anywhere in a positive direction and that's why I call it a scam: a bunch of young and deceptive kids got together making investors belive they can create a cryptocurrency exchange, collecting as much money as they could in bear market of 2019 and disappearing with an excuse "we are looking for funds" and no further explanations.