Connect with us

Press Release

Rematic Tokens LLC Remains Strong Despite Falling Victim to Sophisticated Scam

Published

4 years ago

on

Just a week ago, Rematic Tokens LLC revealed that it fell for a sophisticated scam during its recent AMA. According to the project’s team, the scammers walked away with 20 trillion $RMTX token worth $300,000 USD. Fortunately, the project recovered quickly and continues to grow even stronger thanks to its strong foundation and high community trust.

At the time of writing, Rematic hasn’t been able recovered the stolen funds, however, the U.S. authorities have been notified of the attack. Nevertheless, the company’s CEO, Mike Pazuki, announced that several new measures have been put in place to tighten security and avoid future incidents like this.

How It Happened

Last year, Rematic announced it would host an AMA Session in early January. The event represented an excellent chance for the project to solidify its trust and transparency. Also, it would give investors a sneak peek into the platform’s development status, budgetary updates, and how their voting service will work.

The AMA Session kicked off on January 2 with overwhelming community support. Unfortunately, it also brought some unwanted attention as the unidentified scammers saw an up and coming project as an opportunity to defraud them.

Rematic CEO commented on the incident:

“RMTX was scammed out of 20 Trillion RMTX, which was valued at $300k at the time this happened. This was done through a reverted transaction of over 7 BTC during the transfer of RMTX to and the supposed investors.” 

Allegedly, a group of so-called investors expressed their interest in RMTX tokens. They provided verifiable LinkedIn accounts and credentials, appearing as reliable, well-intended investors. Therefore, the core team did not have a reason to suspect any malicious actions.

The well-planned scam played out over several days after the initial contact. During this period, both parties engaged in several conversations about the company, future objectives, various investment options. After an agreement was struck, the two parties conducted small transactions involving negligible amounts to confirm wallets. After that was completed, the imposters sent over 7 BTC in exchange for 20 trillion $RMTX. During the large transfer, the scammers reverted the BTC deposit. They then quickly liquidated the received RMTX, thus allowing them to keep their 7 BTC and cashing in on selling all of the RMTX they just received.

After notifying the authorities, Rematic immediately informed its community about the incident, sticking to the team’s mantra, “Transparency Above All Else.”

This is not the first time an up-and-coming project has fallen victim to this kind of crypto scam. There are at least two other communities victimized by the same attack, however, Rematic has been hit the hardest so far. 

How Rematic Tokens LLC is Rectifying the Incident

The ongoing issues could taint Rematic’s credibility with the public. Nevertheless, the platform is working to regain its members’ trust. Also, the team expressed their gratitude to the community, which is continually offering its support publicly through multiple AMA sessions. 

The core team encouraged users to express their opinions on the issue freely and openly called for stricter security measures:

“While other tokens were scammed for smaller amounts, they have not yet been able to recover from this as RMTX has. We credit this to our amazing community, which has rallied around this incident, and because of their support, we are stronger than ever before. We are extremely fortunate to have a community like this.” – CEO, Mike Pazuki

Now, Rematic is working with attorneys and accounting professionals to implement better policies and practices in regard to organizational financial management. This will ensure the project remains true to its mission of making the crypto space better and safer for everyone.

About Rematic Tokens LLC

The $RMTX token reflects EGC on the Binance Smart Chain allowing users to hold $RMTX to earn $EGC. On top of that, having $EGC will enable you to earn $BUSD.

The project launched on December 3, 2021, and has grown steadily since its debut. During the token launch, it garnered 1000 BNB in less than 3 hours, further proving its impressive potential. Currently, the team believes that $RMTX is still just in its infancy with some much potential for growth. Its community now has over 5000 members and growing by several hundred per day. With the decentralized blockchain-based voting platform due for release towards the end of Q2 2022, the best is yet to come for this new project.

For more information, visit: 

Telegram | Twitter | Discord | Facebook | Instagram | Reddit

Related Topics:
Continue Reading

Press Release

MyDex Announced as Tertiary Exhibition Sponsor at Hong Kong Web3 Festival 2026

Published

1 week ago

on

April 17, 2026

By

Hong Kong, 17th April 2026 — Hong Kong Web3 Festival 2026 is honored to have MyDex onboard as a Tertiary Exhibition Sponsor.

MyDex is the next-gen intelligent trading platform where humans and AI evolve together. Explore more at https://www.mydex.io/

Following the sellout success of its previous editions, Hong Kong Web3 Festival has announced its return on 20–23 April at HKCEC. Now in its 4th year, this four-day event will once again bring tens of thousands of Web3 professionals, investors, and enthusiasts across the globe to connect, learn and be inspired.

The four-day event will feature over 20 sessions across four stages, bringing together 200+ speakers, 100+ partners, and thousands of Web3 professionals, investors, and enthusiasts across the globe to explore trending topics in crypto finance, AI + Web3, and RWAs.

The conference will also convene top experts and leading Web3 projects to exchange ideas, share best practices and gain perspectives on today’s evolving Web3 landscape. Confirmed speakers include:

Paul CHAN Mo-po, GBM, GBS, MH, JP, Financial Secretary of the Government of  Hong Kong

Lu Weiding, Deputy to the People’s National Congress, Vice Chairman to All-China Federation of Industry and Commerce, Chairman and CEO of Wanxiang Group

Mr Joseph H. L. CHAN, JP, Under Secretary for Financial Services and the Treasury, Financial Services and the Treasury Bureau, Hong Kong

Dr. YIP Chee Hang, Executive Director of Intermediaries, Securities and Futures Commission, Hong Kong

Xiao Feng, Chairman of Wanxiang Blockchain, Chairman and CEO of HashKey Group

Duncan Chiu, Legislative Council Member (Technology & Innovation Constituency), Hong Kong

Vitalik Buterin, Co-Founder, Ethereum

Michael Faulkender, Professor of Finance, University of Maryland; Former Deputy Secretary, the U.S. Treasury

Yi He, Co-CEO, Binance

Richard Teng, Co-CEO, Binance

Lennix Lai, Chief Commercial Officer, OKX Global

H.E. Justin Sun, Founder, TRON; Advisor, HTX; Advisor, B.AI

Adeniyi Abiodun, Co-Founder & Chief Product Officer, Mysten Labs

Seiji Yuki, Executive Managing Director, Japan Virtual and Crypto assets Exchange Association & Japan Cryptoasset Business Association

Lily Liu, President, Solana Foundation

Joseph Chalom, CEO, Sharplink

Francis B. Zhou, CEO, Quantum Solutions

Abdelhamid Bizid, Managing Director, BlackRock

Cindy Xu, Managing Director, Head of Asia Fintech and China Financial Institutions and Governments, J.P. Morgan

Akhil Devmurari, Fintech Sector Head, APAC, Payments, J.P. Morgan

Brian Mehler, CEO, Stable

Yat Siu, Co-Founder and Chairman, Animoca Brands

Min Lin, Managing Director, Head of Global Business Development at Ondo Finance

Franklin Bi, General Partner, Pantera Capital

John Cahill, COO, Galaxy Digital Asia

……

And 200+ industry leaders from traditional finance, tech giants, and Web3 projects.

Join Hong Kong Web3 Festival on April 20–23 and be part of an epic Web3 journey: https://luma.com/hkweb3festival_2026

Continue Reading

Press Release

AurumX Joins Hong Kong Web3 Festival 2026 as Primary Exhibition Sponsor

Published

2 weeks ago

on

April 14, 2026

By

Hong Kong, 14th April 2026 — Hong Kong Web3 Festival is pleased to welcome AurumX as a Primary Exhibition Sponsor for its upcoming 2026 edition.

AurumX is building a next-generation, AI-driven institutional-grade global asset financial trading system. Explore more at https://aurumx.pro

Following the sellout success of its previous editions, Hong Kong Web3 Festival has announced its return on 20–23 April at HKCEC. Now in its 4th year, this four-day event will once again bring tens of thousands of Web3 professionals, investors, and enthusiasts across the globe to connect, learn and be inspired.

The four-day event will feature over 20 sessions across four stages, bringing together 200+ speakers, 100+ partners, and thousands of Web3 professionals, investors, and enthusiasts across the globe to explore trending topics in crypto finance, AI + Web3, and RWAs.

The conference will also convene top experts and leading Web3 projects to exchange ideas, share best practices and gain perspectives on today’s evolving Web3 landscape. Confirmed speakers include:

Paul CHAN Mo-po, GBM, GBS, MH, JP, Financial Secretary of the Government of  Hong Kong

Lu Weiding, Deputy to the People’s National Congress, Vice Chairman to All-China Federation of Industry and Commerce, Chairman and CEO of Wanxiang Group

Mr Joseph H. L. CHAN, JP, Under Secretary for Financial Services and the Treasury, Financial Services and the Treasury Bureau, Hong Kong

Dr. YIP Chee Hang, Executive Director of Intermediaries, Securities and Futures Commission, Hong Kong

Xiao Feng, Chairman of Wanxiang Blockchain, Chairman and CEO of HashKey Group

Duncan Chiu, Legislative Council Member (Technology & Innovation Constituency), Hong Kong

Vitalik Buterin, Co-Founder, Ethereum

Michael Faulkender, Professor of Finance, University of Maryland; Former Deputy Secretary, the U.S. Treasury

Yi He, Co-CEO, Binance

Richard Teng, Co-CEO, Binance

Lennix Lai, Chief Commercial Officer, OKX Global

H.E. Justin Sun, Founder, TRON; Advisor, HTX; Advisor, B.AI

Adeniyi Abiodun, Co-Founder & Chief Product Officer, Mysten Labs

Seiji Yuki, Executive Managing Director, Japan Virtual and Crypto assets Exchange Association & Japan Cryptoasset Business Association

Lily Liu, President, Solana Foundation

Joseph Chalom, CEO, Sharplink

Francis B. Zhou, CEO, Quantum Solutions

Abdelhamid Bizid, Managing Director, BlackRock

Cindy Xu, Managing Director, Head of Asia Fintech and China Financial Institutions and Governments, J.P. Morgan

Akhil Devmurari, Fintech Sector Head, APAC, Payments, J.P. Morgan

Brian Mehler, CEO, Stable

Yat Siu, Co-Founder and Chairman, Animoca Brands

Bugra Celik, Head of Digital Assets and Currencies at Global Macro, HSBC

Min Lin, Managing Director, Head of Global Business Development at Ondo Finance

Franklin Bi, General Partner, Pantera Capital

John Cahill, COO, Galaxy Digital Asia

……

And 200+ industry leaders from traditional finance, tech giants, and Web3 projects.

Join Hong Kong Web3 Festival on April 20–23 and be part of an epic Web3 journey: https://luma.com/hkweb3festival_2026

Continue Reading

Press Release

PancakeSwap Announced as Secondary Exhibition Sponsor at Hong Kong Web3 Festival 2026

Published

2 weeks ago

on

April 14, 2026

By

Hong Kong, 14th April 2026 — Hong Kong Web3 Festival is honored to welcome PancakeSwap as a Secondary Exhibition Sponsor for its upcoming 2026 edition.

PancakeSwap is a leading decentralized exchange. Explore more at: https://pancakeswap.finance/swap

Following the sellout success of its previous editions, Hong Kong Web3 Festival has announced its return on 20–23 April at HKCEC. Now in its 4th year, this four-day event will once again bring tens of thousands of Web3 professionals, investors, and enthusiasts across the globe to connect, learn and be inspired.

The four-day event will feature over 20 sessions across four stages, bringing together 200+ speakers, 100+ partners, and thousands of Web3 professionals, investors, and enthusiasts across the globe to explore trending topics in crypto finance, AI + Web3, and RWAs.

The conference will also convene top experts and leading Web3 projects to exchange ideas, share best practices and gain perspectives on today’s evolving Web3 landscape. Confirmed speakers include:

Paul CHAN Mo-po, GBM, GBS, MH, JP, Financial Secretary of the Government of  Hong Kong

Lu Weiding, Deputy to the People’s National Congress, Vice Chairman to All-China Federation of Industry and Commerce, Chairman and CEO of Wanxiang Group

Mr Joseph H. L. CHAN, JP, Under Secretary for Financial Services and the Treasury, Financial Services and the Treasury Bureau, Hong Kong

Dr. YIP Chee Hang, Executive Director of Intermediaries, Securities and Futures Commission, Hong Kong

Xiao Feng, Chairman of Wanxiang Blockchain, Chairman and CEO of HashKey Group

Duncan Chiu, Legislative Council Member (Technology & Innovation Constituency), Hong Kong

Vitalik Buterin, Co-Founder, Ethereum

Michael Faulkender, Professor of Finance, University of Maryland; Former Deputy Secretary, the U.S. Treasury

Yi He, Co-CEO, Binance

Richard Teng, Co-CEO, Binance

Lennix Lai, Chief Commercial Officer, OKX Global

H.E. Justin Sun, Founder, TRON; Advisor, HTX; Advisor, B.AI

Adeniyi Abiodun, Co-Founder & Chief Product Officer, Mysten Labs

Seiji Yuki, Executive Managing Director, Japan Virtual and Crypto assets Exchange Association & Japan Cryptoasset Business Association

Lily Liu, President, Solana Foundation

Joseph Chalom, CEO, Sharplink

Francis B. Zhou, CEO, Quantum Solutions

Abdelhamid Bizid, Managing Director, BlackRock

Cindy Xu, Managing Director, Head of Asia Fintech and China Financial Institutions and Governments, J.P. Morgan

Akhil Devmurari, Fintech Sector Head, APAC, Payments, J.P. Morgan

Brian Mehler, CEO, Stable

Yat Siu, Co-Founder and Chairman, Animoca Brands

Bugra Celik, Head of Digital Assets and Currencies at Global Macro, HSBC

Min Lin, Managing Director, Head of Global Business Development at Ondo Finance

Franklin Bi, General Partner, Pantera Capital

John Cahill, COO, Galaxy Digital Asia

……

And 200+ industry leaders from traditional finance, tech giants, and Web3 projects.

Join Hong Kong Web3 Festival on April 20–23 and be part of an epic Web3 journey: https://luma.com/hkweb3festival_2026

Continue Reading

Trending