Digital currency exchange BTC-e issued an official statement, pointing out that ETC is a scam

It seems that since the beginning of this year, the focus of the digital currency community has been on Ethereum. From January to mid-February, the rapid rise in the price of Ethereum from $1 to $15 has already attracted enough attention for it; and the recent farce caused by the failed experiment of DAO has pushed Ethereum to the forefront.

And this trend seems to have not abated at all. In order to recover the losses of DAO investors, Ethereum conducted a hard fork. As a result, the community split into Ethereum Classic. The emergence of ETC has been controversial, but it has also won it huge trading volume. Many large exchanges are scrambling to list ETC, but there are exceptions.

After negotiating with Poloniex, digital currency exchange BTC-e issued an urgent statement on its official website last night, clearly pointing out the main problems of ETC.

Dear users, BTC-e now makes the following statement on the ETC issue: From the current situation, Ethereum Classic is a scam. It was the Ethereum community that made the hard fork decision to move to the new chain. Large mining pools and exchanges (including BTC-e) have expressed respect for their choice and immediately upgraded the code.

BTC-e admitted that it has been assisting Poloniex in ETC transactions, but they do not hold ETC. This is just a way for Poloniex to disperse ETC and Ethereum transactions (to prevent replay attacks).

We have been receiving requests from users for their lost ETC. They have accused us of selling their customers’ ETC on Poloniex. Please check the transaction records on the blockchain. You can find the seller and the specific amount of currency on the blockchain.

Data from CoinMarketCap.com shows that the price of ETC is stable at around $2, and the price of Ethereum is around $13.

Some people see the split in the Ethereum community as a complete failure, and no matter how stable the price is, it cannot change the fact that it has failed.