USBcoin Confirmed as Scam

USBcoin gained some popularity for supposedly having an extremely short PoW stage before switching to a pure PoS model, there was also an alleged USB stick functionality that was designed to keep your coins safe. Or at least that was the story.

The coin gathered enough popularity to be listed on Bittrex, a popular exchange that often deals with newer altcoins. Just hours after being listed, a huge amount of coins started being sold on the Bittrex exchange. Immediately, people started calling it a dump, but the developer remained in contact with the Bitcointalk forum and assured people that there was nothing nefarious going on.

It was around then that people started having trouble getting the block explorer running, when they did they found previously undisclosed blocks that were not in the coin’s github page… CONTINUE