Victims of Project TXA

Group of investors that got ruined by @true_jae_yang through his Project TXA.

[Victims of Project TXA @TXAVictims]

Founder of TacenSwap and Project TXA @jae_tacen has announced closure of both projects. This comes after his team sends millions of TXA to #Kucoin, price freefalls, while he orders the holders to keep buying more. Let's unfold a potential fraud.

1/10

@FTC @SECGov @FBI @zachxbt

[Victims of Project TXA @TXAVictims]

Jae and Boltzmann changed their handles to @true_jae_yang and @boltz_net. They can run, but they can't hide. We're going to let everyone interested in Boltzmann know what transpired with Project TXA.

[Victims of Project TXA @TXAVictims]

These are the types of DMs we keep receiving. Simply heartbreaking. No rest until justice is served!

#Fraud #Crypto @SECGov @FTC @FBI

[Victims of Project TXA @TXAVictims]

This is insane. He directly orders the investors to burn their investment.

#Kucoin #Fraud $TXA @SECGov @FTC

[Brian Bell @bbdev1991]

$TXA @TXAVictims @Project_TXA @jae_tacen smelly ceo, Jae Yang, now wants you to burn your last saved money in return for nothing! do not burn your TXA tokens, send them to MEXC instead and dump it. SAVE YOUR MONEY

[Victims of Project TXA @TXAVictims]

@Cassaundra62937 @FTC @SECGov @FBI Nobody knows but we'll keep fighting until Jae is investigated and victims reimbursed.

[Victims of Project TXA @TXAVictims]

Founder of TacenSwap and Project TXA @jae_tacen has announced closure of both projects. This comes after his team sends millions of TXA to #Kucoin, price freefalls, while he orders the holders to keep buying more. Let's unfold a potential fraud.

1/10

@FTC @SECGov @FBI @zachxbt

[Victims of Project TXA @TXAVictims]

My friends and community members have been financially ruined due to Jae's words and actions. Based on observation I believe multiple violations have occurred and hope Jae Yang along with the rest of Project TXA team to be investigated accordingly.

10/10
https://t.co/fykqsGbVXA

[Victims of Project TXA @TXAVictims]

He starts what technically constitutes financial advice and orders everyone to buy TXA. From this point forward, at least 6 million tokens will be transferred from TXA contract addresses to #Kucoin.

6/10

[Victims of Project TXA @TXAVictims]

All of a sudden blaming #SEC and "uncertain regulatory environment", he decides to close down both of his projects and start a new one (@boltzmann_net), gifting some arbitrary amount of its tokens with a long vesting schedule to those who are left staking TXA.

9/10

[Victims of Project TXA @TXAVictims]

02/27/24 Kucoin tags TXA with ST (Special Treatment), meaning if TXA doesn't fulfill certain requirements during observational period, it will be delisted. Jae reassures the community that all's fine and team is buying a lot. The price slides from $0.13 to $0.07 within hrs.

5/10

[Victims of Project TXA @TXAVictims]

The price takes a beating, diving from $1 to $0.1 within 8-month period. Around this time @jae_tacen announces that "bottom is in". The price stabilizes for 4 months, but then it all takes a dramatic turn.

4/10

[Victims of Project TXA @TXAVictims]

In parallel Jae runs a hybrid DEX TacenSwap, the only exchange that integrates TXA. Since TacenSwap has close to zero volume, TXA is unutilized other than for staking. In 2023 various contract addresses begin sending millions of TXA to #Kucoin.

3/10

[Victims of Project TXA @TXAVictims]

In 2021, Jae Yang from Wyoming, US launches Project TXA, a decentralized settlement service with its own token (TXA) used as fee replacement for exchanges utilizing TXA DSL. Little is known of its presale, but according to Jae the lowest price investors got in was $1.85.

2/10