SUSPECTED SCAM!

Investment scam
support@renq.io Renq Finance

Date	04/17/2023
Fraudulent email	support@renq.io
Pseudonym	Renq Finance
Url / Website	https://renq.io/ Scamdoc Trust Score \| Contact / Whois info
Scam contents	Renq aims to connect all isolated blockchains and establish a cross-chain asset exchange network, providing all necessary underlying support for the DeFi ecosystem. Let every digital asset holder experience a truly safe, free and transparent DeFi service.
Comment / Review	RenQ Finance is a blockchain liquidity agreement operator. in other words it deals in Pre-functional consumer token sales, and despite whatever they are saying in their terms/conditions section, these types of operations are regulated, you can read more about that here https://www.lw.com/admin/upload/SiteAttachments/GLI-BLCH-2022-Latham-ConsumerTokenRegulationintheUS-REPRINT.pdf My point is, there's nothing stopping them from pulling the rug on everyone and just go ghost, they have been running ads that are suspicious and cringy at best, positive reports about Renq can be found on none credible websites like outlook india and finally, they are running a competition of "win 250k$ worth of renq tokens" but if renq ends up being a scam well they don't have to honor any of that. There is no equal exchange here, they have nothing on the line, they are not risking anything, you however are risking everything. What makes it worse is that most of their community is on telegram, you can contact most of the founding members only on telegram either, which is even more sketchy. When i googled James Bladen, i did not find the guy they listed as CPO, but instead found someone else that looks like a slightly off twin, and this guy's linked profile does not even list Renq in any way shape or form. in other words, those pictures may be Ai generated. Stay away. UPDATE: their website was suspended by hostinger untill further notice. UPDATE 2.0: The website is back online, they removed the pictures of their team that i suspected were ai generated, they are not there anymore. Don't invest any more money there, as instead of offering an explanation or even coming up with the people in question they just made themselves less trust worthy. STAY AWAY.
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