When our own Tristan Greene thoroughly dismantled a almost small cryptocurrency project, labeling it a scam in progress, we accepted pushback. We accepted angry, aggressive emails. We accepted browbeating approach hinting at lawsuits. And we absolutely accepted a acknowledgment from the aggregation trying to shed doubt on our reporting.

What we got was much better.

Today, Skycoin (SKY) architect “Synth” emailed TNW claiming our piece was erroneous and accepted an update that reflected the truth. The truth, according to Synth, was that we were duped; Skycoin COO Bradford Stephens — whom we interviewed for the story — never absolutely worked for the company.

This is the email, sent from an email abode analogous that of Skycoin’s founder, in its entirety:

Hello, you appear an commodity about Skycoin. I am one of the founders of Skycoin and you were scammed.

The person you interviewed has annihilation to do with Skycoin and is a known scammer. The COO of Skycoin is Sam.

  • Bradford was claiming to be COO of Skycoin and was attempting to scam investors.
  • Bradford Stevenson [sic] is not COO of Skycoin. Sam has been the CoO [sic] for 4 years.
  • Bradford does not represent Skycoin.
  • Bradford never had an application arrangement with Skycoin.
  • Bradford did the NextWeb annual to scam investors (to get them to send him Bitcoin).
  • Bradford’s consulting aggregation was hired to do the Skycoin website and he then started trying to represent himself as Skycoin COO and to scam people out of Bitcoin.

Please update the commodity to represent that Bradford was never Skycoin COO and has no application arrangement and was not a member of the Skycoin team.

It took all of 30 abnormal and a Google search to prove Synth’s claims untrue. In fact, Skycoin did a lot of the work for us. We acknowledge you.

For starters, Stephens didn’t just crawl out of the woodwork and attack to con people; Skycoin’s public relations team alien us to him, as the company’s COO, when we accomplished out for an interview.


It gets even weirder from there. The aggregation COO is now “Sam,” a man with no last name. Odd, since all other Skycoin associates — except those using pseudonyms like Synth — have a surname on the site, but not anathema on its own. Maybe Sam is the cryptocurrency adaptation of Cher, or Madonna. We can’t be sure.

What we can be sure of, however, is that Sam hasn’t been the company’s COO for four years, unless he shared the position with Stephenson. And as much as I’d like to say we know this due to our abilities as online super sleuths, we don’t; the aggregation gave itself away when attempting to belie TNW’s aboriginal allegation with a acknowledgment on Medium.

For a aggregation that tries to cover its tracks by claiming Stephenson was never affiliated with the company, nor was he its COO, SKY didn’t absolutely bother to cover up affirmation proving otherwise. Take this snippet, from the above Medium acknowledgment (which is still live as of this writing):


There’s also a tweet, from Skycoin’s official Twitter annual (as linked on its webpage) to promo an accessible speech by its “not” COO Bradford Stephens (also live, as of this writing).


But why go through the trouble?

For answers, we can again look to the post on Medium.


The idea is that people will line up to buy a mining accoutrement for coins that were pre-mined — meaning, Skycoin owns all of the circulating supply, minus those it has already sold or given away. To incentivize investors, its founders are alms a 99 percent refund of the aboriginal acquirement price (one bitcoin).

The scheme offers at least two abeyant ways to profit from aimless investors.

On the front end, the activity earns by affairs $600 mining accouterments for one bitcoin (about $10,000 currently).

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