Project Evaluation
Hi, everyone, I am the Black and White Cat, a quiet observer, a night wanderer of the network.
As May arrives, it's time to discuss the news regarding celestial bodies during this period. The 'Celestial Exchange' went live on April 25, and due to facial scanning and live detection, it caused various apps to continuously upgrade.
The five core battle zones of Celestial (Galaxy Community, Solar Community, Venus Community, Star Community, Earth Community) have worked hard in the last few days to think of every possible way to attract new registrations.
From recent information, several shareholder meetings have been working day and night. Although the data shows over 40 million registered users, they all understand that most are bots, and the actual registration number is very small.
Change strategies, increase facial recognition to eliminate bots, resulting in an increased workload for the five major communities, daily teaching KYC tutorials.
Members have brought their relatives to register. Even with such efforts, by yesterday, only over 300,000 registrations had passed verification, which is a huge difference from the originally planned 10 million scale.
Time is pressing. The originally planned distribution of 2 billion coins was set under the assumption of a massive number of registrations. Currently, the strategy has changed again, planning to destroy the excess after registration stops to stimulate the remaining stock.
Just as registration is scheduled to stop tomorrow on the 5th, I will mention a few hard truths about the 'Celestial Exchange' based on what I've heard, so that both participants and non-participants can weigh it themselves.
Hard Truths
01
Facial monitoring in 2 seconds
● Facial recognition is a unique biometric sensitive personal information. In the verification stage, actions like opening the mouth, blinking, and shaking the head can be generated through synthesized video.
● After passing the facial verification stage and cracking the facial recognition system, criminals can access others' APP software accounts with funds, obtaining relevant payment records, action trajectories, and other personal privacy and information, and continue selling it to downstream buyers.
● The Guangzhou Internet Court announced a case of buying and selling citizens' personal information, where the involved parties used AI to generate videos from facial photos, forging facial recognition certification for illegal profit, constituting the crime of infringing on citizens' personal information, and were sentenced to one year and two months in prison and fined.
● Domestic use of face scan payment is endorsed by national UnionPay institutions, and the database strictly prohibits privacy leakage.
● The Celestial APP uses facial video uploads for authentication, but where is the database? Is the endorsement found at the APP operation technical side? Or at the luxurious house owner in Cambodia? Or at some virtual operator in Singapore?
Conclusion:
It is advised that participants who have already joined turn off the facial scan login settings for domestic bank apps, Alipay WeChat, and stock fund types, so that they don't end up with little gain and their nest egg hollowed out.
02
Facial monitoring agency
● During the CEO meeting of Celestial, it was reported that strict KYC certification would be conducted later, and the group spent an additional 4 million USD (totaling 29 million RMB) for this, embodying a spirit of serving the people.
● The editor can only respond to this statement with 'hehe'. Through website analysis, it was learned that the facial monitoring agency Geetest comes from a company in Wuhan, Hubei, China -- Ji Yan.
● In the company's 29 national-level bids, the highest was 680,000 RMB from Jiangxi Bank, and the lowest was 150,000 RMB from the Pacific Credit Card Center. The authentic UnionPay Business Company bid was only 495,000 RMB.
（The data volume of national-level clients is several times more than that of celestial bodies）
Conclusion:
Was the 4 million USD a verbal slip, adding two extra zeros? Or was it actually reimbursed for this amount at a certain venue?
03
Exchange structure plagiarism
● The celestial exchange's internal test went live in early April. After exploring the website, the editor found that many functions were not ready; the display code was blank.
● The 'Privacy Policy' and 'User Agreement' have undergone multiple cloning modifications but still mix simplified and traditional characters.
● The QR code reserved on the Celestial official website in early April was not timely replaced, and scanning it leads to the Bitget exchange website in Singapore.
● Bitget website dares to show its sword, reporting the reserves for third-party certification. In the latest update, Bitget's total reserve ratio is 191%, able to 100% redeem user asset withdrawals, effectively ensuring the safety of user assets.
● The Celestial Exchange does not include this key content.
Conclusion:
Whether they can reveal the third-party capital verification is the proper approach. Opening with a firm foundation must have some spare change, right?
04
Exchange License Issues
● The celestial official website claims to operate in compliance, with a U.S. MSB license. Is it that the editor is ignorant or the website editors are uneducated?
● The correct term is MSB, a type of financial license supervised and issued by the Financial Crimes Enforcement Network (Fincen), a subsidiary of the U.S. Treasury Department.
● This is a standard license for global digital currency trading institutions, and platforms like OK, Bitfinex, Poloiex, BNB, etc., all hold this license to operate. The U.S. Treasury MSB network can be queried for information.
● The MSB license does not have direct legality in China. To conduct business, it is necessary to reapply for the corresponding financial license or file for record in China.
Conclusion:
Even financial common sense is written incorrectly, the editor has no words to say, 'hehe' suffices.
05
APP vulnerability risks
● The official website writes impressively: The technology development department consists of senior engineers and cryptography experts from the world's top tech companies and financial institutions.
● The editor monitored the APP code structure and found 9 vulnerabilities with risks. Future attacks and data leaks, even phishing, could happen.
● The APP rating is not high, with its own bots rating 5 stars, while other overseas testers rate it 1 star.
Conclusion:
This is left for the amazing Celestial technology development department to ponder.
06
Community Truth
● Within the five major communities regarding technology, they are helpless but want to gain without investment, knowing full well the operational model. They believe they have a 10-second sprint speed.
Conclusion:
This kind of apparent stratagem while secretly plotting, I hope these participants have good luck!
06
Onlookers -- one-sided statements
● The above image shows events that occurred in the crypto circle on April 29. Peers in the crypto circle find four images explaining related events, including addresses and times. On May 1, someone even exposed chat records, stating that a certain platform lost 1.74 million USDT, but no address was provided.
● The image below is a tweet from the non-profit organization 'Internet Fraud Watch', reminding again about the current state of celestial bodies on May 1st. Click the image to use WeChat's built-in translation to view the warning content.
● The birth of Celestial has also attracted characteristic bloggers to join the fun. Click the video below to enlarge and entertain yourself.
Extra:
On the night of May 3, the celestial official website issued a postponement notice, delaying the advanced KYC certification until May 15, which instantly broke the spirits of some early participants.
Risk Warning
Unknowingly, I have written over 2000 words. There are still a few points I won't write about. The rational comparisons in the front are enough to help participants respond calmly.
As for the specific situation, the editor does not need to elaborate; everyone understands that all project platforms will be packaged, seeking believers to participate. They know how to evade, so improving cognitive abilities is the only path to overcome confusion.
I remind everyone that any investment requires constant recognition and penetration power. Read the editor's analysis articles frequently, as they will provide you with protective armor.
