Have you invested in PropiChain.Finance? Scam alert! – Investigative Report

There is a hope shared amongst investors – and it’s that “I made the right choice. My investments are secure. This is going to turn out okay and make me rich.” Well, that is going to be a Hail Mary for Propichain.Finance investors.

Well, information acquired by Cryptopolitan – from a source who would rather stay anonymous – reveals details about the Propichain.Finance project that should worry investors. According to the source, the crypto project is nothing short of a typical pump-and-dump scheme.

Why, you ask? The project has rather a ‘positive’ market presence, while those who have invested can’t sleep for days. One source states, “I haven’t been able to sleep for days. This is all the money my family had.”

You would think that the same sentiment is out in the market. You are wrong. Media coverage is hailing Propichain.Finance as the next Solana, Dogecoin, XRP, or Shiba Inu. The promotion of the coin lacks confidence, with some crypto coverage media houses sliding it as a ‘by the way’ topic ‘down below.’

Let’s get to it.

What is Propichain.Finance all about?

According to information from their website, Propichain.Finance is an innovative real estate tokenization platform designed to leverage blockchain technology to revolutionize how properties are bought, sold, and managed. Their mission? To revolutionize real estate using blockchain technology.

Data from their website shows an upcoming pre-sale, how to join, and how much to spend. They also have a whitepaper. The problem is there is no mention of the team behind the project. It’s a ghost city project.

In addition, the scanning the first two sections of the whitepaper through GPTZero showed a 100% AI score. 

For tokenomics, the Propichain.Finance ecosystem is built around a total token supply of 1,500,000,000 tokens. 45% of these tokens are intended for a presale.

The tokenomics had investors, like our source, run to make investments. In one tweet, coverage states, “Invest $1K, and you’re in the game. ROI? Early heads are eyeing up to 800%.” On the other hand, the project’s native coin ($PCHAIN) has been listed on CoinMarketcap.

The X tweet also adds, “Already listed on CoinMarketCap, $PCHAIN is gassed for the moon with bonus tokens and perks like 225% APY staking.” I mean, who wouldn’t invest? But there is a problem: the listing has no price feature. 

However, crypto platforms like Binance have yet to register the coin or even take in on-chain data.

Red flags and doubts

According to our source, the investor bought the pre-sale tokens to the tune of $4,000 and another $3,000 and the list continues. Since Trump won as the 47th POTUS, crypto has become a conversation hard to miss.

Our source jumped onto the Trump-rally bandwagon and made investments. Sadly, like many who have been scammed, he is a first-time crypto investor. According to this investor, “I have never been involved in Crypto before but got sucked into articles stating high returns along with their fake white paper.”

The first flag is the White Paper. The team put little to no effort into introducing the project to the crypto industry. Per the source, ‘AI bots wrote it.’ For this particular Investor, the white paper is not the only red flag. That is not all. Their audit was a lose-lose bargain.

The team behind PropiChain.Finance did not do a legit audit from a reputable company. Instead, they published a GitHub repository, claiming it’s a real security audit. The blockchain doesn’t show that there was an audit.

They add, “Their Telegram group chat is filled with probably 95% bots where every 30 seconds another nonsense message is posted.” 

In addition, “their Instagram page is full of comments on each post, and yet every single one is a bot. They do not have a single authentic press release that isn’t sponsored. They have provided zero information as to who is behind the project.”

True to those assumptions, Instagram has the same ‘people’ replying to IG posts with a similar tone. What’s crazy is that the accounts are new, they have zero to 100 followers, and they follow each other. 

Their pages are also donned with Bitcoin coins and NFT apes. These Instagram pages comment on the words found on their white paper: “Good potential for growth and adoption! Propichain.Finance is where real estate meets cutting-edge innovation. Good transparency and regular updates!”

One account comments the same thing over three times in one post.

These good media coverage reports have not been bought by users on X. Under some of their posts, one user writes, “There is hardly any engagement in their social media x and telegram. Guys, do not invest your life savings on this BS. I’m just sharing my experiences; do what you will with it!”

One user, Homaira, has remained adamant about getting his investments back. He writes, “Are you guys for real? Why has X restricted your account? What’s your contract address, and when will I get my coins?”

Another adds, “This is a scam project scam token they will steal your money. You have been warned.”

Investors try to find a way out

These are not the days investors sat back while crooks ran away with their money. Our source has engaged the team on Telegram with questions only to be met with bot replies. Bots have become customer care, dealing with humans who have lost family investments.

One user created a Reddit question thread tied to Propichain.Finance – Bought Propichain.Finance presale… Is it a scam?

The question, “I bought a small amount of PCHAIN on their presale thinking it looked like it had good utility but seen many on here saying it’s a scam. Is my wallet that I sent the coins from at risk, or is it just the money that I invested lost?”

The answers have been what you would expect by now. An outright scam.

One account—a 1% commentator—answers, “Literally, all presales are just quick money grabs for those that created the token/coin, meaning they are almost always going to be scams. Any money you sent there is gone. No one can recover it, and you’ll inevitably have people messaging you, stating they can help with recovery. That is just another part of the scam, so avoid that, too.” 

What’s worse, Propichain.Finance reviews on Scam Advisor read, “This website has been reported as possibly harmful by Gridinsoft.” The ‘trust score’ is daunting. The analysis adds, “The trust score of Propichain.Finance is extremely low. This is a strong indicator that the website may be a scam.”

How much has been lost and will be lost? Maybe thousands, maybe millions. Whatever happens, do some proper research before investing in any crypto. Present markets have shown that project developers have turned into the biggest scammers, hackers aside.

A synchronized art of crime

Where did the money investors put in the project go? Remember how bots are doing everything from PR to customer care, Instagram replies, and investor management? Well, a system was set in place that moved and still moves funds when token purchases have been made.

Before we get to the money, PropiChain.Finance has countless Telegram groups, which have garnered over 547,000 users combined. 

In addition, PropiChain.Finance is impersonating people as mods. They are pretending to be other people. Cryptopolitan found actual people on LinkedIn and they refuted being part of PropiChain.Finance.

So, who has been taking the money, and where is it? Well, our source created a Coinbase wallet on Base Network. Soon after our source sent his money, they moved it to an exchange immediately.

Whoever is behind the project exchanged the money to buy trending and more valuable tokens in the crypto ecosystem. Does this sound familiar? The scheme is designed in a way that investors are funding thieves (who have fake coins) to fund legitimate investments in the crypto ecosystem.

There is pain, questions to be answered, and justice to be served to the victims. How will that happen? Who will make that happen? When will it happen? These are questions we have no answers to just yet. But we will. If you have been affected – like our source – Reach out to us.

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