What's going on with Haven protocol?; Twitter cries "exit scam"

21 Jan, 2019 | Updated: 21 Jan, 2019
by Will Heasman
What's going on with Haven protocol?; Twitter cries exit scam

Speculation of an exit scam involving Haven Protocol (XHV) - a fork of privacy coin Monero - is rife on Twitter. These rumors emanate from the recent talk of developers leaving the project, followed by a dramatic drop in price. Now investors fear the worst…

While everyone is still reeling from the Cryptopia hack, scores of commentators have taken to Twitter to stir conjecture on the latest drama to envelop the crypto space.

XHV is currently down -30% after a sharp drop overnight, adding fuel to the emerging flames:

An XHV team chat appears to reveal ongoing strife within the XHV camp, with one team member stating that they would “consider the project dead unless some devs take it over” continuing to cite an apparent lack of communication from a key developer:


A post on Haven Protocol’s official subreddit postulates that these team members may have jumped ship.

A screenshot of the XHV developer team chat reads:

“dweab: I think we need to give ourselves a time limit on this again, if no contact and real progress within the next 3 days then I think we need to give it up”

This was followed by a message which stated:

“please be aware of he timeline @dweab and @news.cutter have given in which they will no longer be a part of the project”



Thanks to team member abandoning the project and one of its lead developers going incommunicado, many are calling XHV an exit scam.

Exit scam, or turbulent times? Let us know your thoughts in the comments below!

Read more: Was Cryptopia hack an inside job?

Follow Chepicap now on Twitter, YouTubeTelegram and Facebook!

Read more about: Monero (XMR) Scam


Is this an exit scam?

(16 votes)

Add a comment

Check out the latest news

You will be logged out and redirected to the homepage