Digitex Futures saw the price of their DGTX token collapse by over 70% on April 26th. Was this the result of another crypto scam? Use the links below to follow the money and let us know what you think!

We actually met members of the Digitex team (including the CEC Adam Todd) at their Miami office in July 2018 and helped them with their marketing until late 2018 (prior to their first major launch delay of their exchange earlier this year). Since our initial meeting, we expressed our wishes to refrain from committing to a full partnership until their actual futures exchange was launched. Nevertheless, in light of our past relationship and considering the extreme nature of their recent price drop, we took a particular interest in what actually happened on the morning of April 26th.

In short, I did some simple blockchain forensics via Etherscan to “follow the money (or should I say 'the crypto')!” First, I backtracked the wallet where we had received our marketing payments in DGTX from their team (See “CP DGTX Wallet” address below) to the wallet that had submitted the payments (See “DGTX Payouts” address below). I then followed the trail to another wallet (See “Feeder Account” address below) that had provided the majority of the funding to the prior payment account. In the video, I cover four outputs (See “Feeder Path” 1 through 4 addresses below) of millions of Digitex tokens that came from this account in the days prior to the drop, all landing on either HitBTC or Mercatox exchanges. Along with this, there were a number of possibly suspicious addresses which deposited large sums of DGTX into this “Feeder Account,” and made up a huge number of additional transactions to exchanges during the days prior to the crash (All of these addresses will be labeled and provided at the end of this description).

In addition to analyzing the payments themselves, I also looked at the timing discrepancies seen between the price dump and the announcement that purportedly caused this Digitex downturn. But I'm not here to make accusations, just present the actual evidence. I'm confident you can do the math.

But let's not jump straight to one conclusion. Perhaps this was all a normal dump from ICO investors responding to news. Even if this was the case, there are still major questions to be asked about Digitex's claims of when they actually had knowledge of the issues versus reporting the delay. Was it really possible for their CEO Adam Todd not to know about their platform problems prior to the announcement? We examine this and even take a further step back and ask, “Was Digitex perhaps blindsided by all this?” If by some chance this was the case, it still demonstrates an monumental level of mismanagement by a company that was due to launch their much anticipated and previously delayed product in just five days!

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https://www.youtube.com/watch?v=4H8FW3r24pA