ChicksGold Shady Trading Practices

Discussion in 'Report A Scammer Archive' started by Leptin, Jul 21, 2023.

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ChicksGold Shady Trading Practices
  1. Unread #1 - Jul 21, 2023 at 5:57 PM
  2. Leptin
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    ChicksGold Shady Trading Practices

    Link the current Sythe account: Chicks
    Which violation you are reporting the user for: Shady Trading Practices - Selling an Impossible amount of gold that they DO NOT HAVE + Market Manipulation (For claiming they have stock that is statistically impossible to have yet)

    Why you think they're violating Sythe rules:

    Yesterday, on July 20th 2023 - Diablo 4 introduced a new season mode, named "Season of Malignant," featuring a FRESH restart, including the economy and characters. Everyone starts off at level one with no wealth/items

    Chicks claims to possess an astonishing 327 Billion seasonal gold only one day after the season's launch. Such a claim is statistically impossible since every player starts from scratch and must level up their characters to earn gold, which scales with their progression. The primary method of earning gold is limited to selling items to a general vendor that pays you more gold as you level up (scales) it is NOT based on the item, and instead your character level.

    It is critical to highlight the alarming implications of Chicks attempting to offer 327 Billion gold, at a rate of $2 PER M (per million). The exorbitant cost of $600,000 USD for this immense amount of gold poses a significant risk for any user willing to purchase it. Furthermore, the fact that Chicks accepts various cryptocurrencies raises concerns about potential anonymity, making it easier to execute scams on a grand scale.

    The legitimacy of Chicks' claims is highly questionable, as they are evidently engaging in deceptive practices by selling stock they do not possess. Their claim of amassing such an astronomical amount of gold cannot be substantiated, even if they were running an extensive botfarm to generate gold artificially. The most substantial gold farming rates reported for a level 100 account are around 15 million gold per hour. Even if users were to buy such large quantities of gold, they would face extended waiting times for Chicks to source the gold, during which the market value could drastically decrease.

    In a fresh season economy, players typically prioritize using their gold to level up their characters, this makes it impossible for such an excessive amount of gold to be readily available for sale. Additionally, bot farms are unable to scale to such an extent in the early stages of the season as significant leveling would be required to generate substantial gold income

    Considering the evidence presented, it is evident that Chicks' claims of having 327 Billion seasonal gold raise serious suspicions about the legitimacy of their activities. The potential for large-scale financial scams and the lack of verifiable proof regarding their gold holdings require immediate investigation and appropriate action to protect the integrity of Sythe

    proof here:

    https://www.d4race.com/

    https://i.imgur.com/qpG5iLr.png
     
    ^ YanLiLi, Neer, Rustyy93 and 11 others like this.
    Last edited: Jul 21, 2023
  3. Unread #2 - Jul 27, 2023 at 4:42 PM
  4. Pikachu
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    ChicksGold Shady Trading Practices

    @Chicks you will need to reply to this report.
     
    Last edited: Jul 27, 2023
  5. Unread #3 - Jul 31, 2023 at 7:43 AM
  6. Pikachu
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    Global Moderator Bond Holder Cool Cat Steve

    ChicksGold Shady Trading Practices

    No response so I'm going to close this report. but as for the report itself, this instance of false advertisement may be considered in possible future pardons.
     
    ^ YanLiLi, Dbuffed and Gregory like this.
    Last edited: Jul 31, 2023
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