#zachxbt
Community Alert: As #token2049 approaches be careful of sponsors as little due diligence is done on them for conferences (just because someone is a title or platinum sponsor does not mean they are credible)
Title sponsor
-Spacecoin (botted project)
Platinum sponsor
-Bitunix (sketchy exchange)
-JuCoin (sketchy exchange)
-WEEX (sketchy exchange)
-Auros (sketchy market maker)
-DWF (sketchy market maker)
Note: These are the only teams I have on my radar and I suspect more would make the list
One of the easiest due diligence hacks for a centralized exchange is to verify if the team is public and has prior work history in the space. Bitunix, JuCoin, & WEEX all fail this test.
Example: In late 2023 a sketchy exchange JPEX was a Platinum sponsor for Token 2049 and the team was flagged by Hong Kong government during the conference for "suspicous features" and was later arrested after 1400 reports by victims to law enforcement and $100M+ was suspected stolen.