In my newfound zeal for altcoins I bought a relatively large stake of Verge (XVG) back a few weeks ago on my favorite exchange Binance when it was trading around .06. Today I stumbled across this troubling thread on Reddit that claims Verge is a scam.
"If you are invested in XVG get out now."
Furthermore, jumping down this rabbithole basically compelled me to divest myself of this particular cryptocurrency. The claims are that:
- The developer/founder of XVG Sunerok is MIA, currently nowhere to be found
- Sunerok never intended on releasing the wraith protocol
- The entire development team has quit
- XVG is a scam and the "biggest pump and dump in history"
Here's a screenshot referenced:
Of course, this could all be made up by shadow enemies of XVG. (If there are such people?) I did find this video released by a guy in pajamas, surrounded by Bob Marley posters and boxes. We can believe what he's saying, right?
Where to Buy/Sell XVG?
I personally buy and sell XVG as well as all of my other cryptocurrencies on Binance. I highly recommend the exchange and have had no problems with my trades, deposits or withdrawals.
What Do you Think? Is XVG a Scam?
I'm really not sure what or who to believe. One thing is for sure: it would seem that with XVG may well be a scam, but time will tell. Caveat emptor!