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Nikolai Udianskyi and his Ultimatum Bitcoin smokescreen

The Bitcoin Ultimatum seems to be the Ultimate Bitcoin scam

22.Apr.20 7:03 AM
By Shawn Highstraw


 Nikolai Udianskyi and his Ultimatum Bitcoin smokescreen

In the first days of March cryptocurrency-related magazines were bombarded by press-releases of another hard fork of Bitcoin, the Bitcoin Ultimatum. The barrage is impressive and still visible. The new crypto is praised as fix-it-all solution for all original Bitcoin shortcomings. Including but not limited high regional centralisation, high cost of running energy-hungry mining farms, lack of contract based transactions and low speed. In other words it is Bitcoin from heaven.

Except it is not a Bitcoin at all and comes from Ukraine - the place known for notorious crypto scams. It is even something less than a cryptocurrency because of highest level of centralisation. And Nikolai Udianskyi, the person behind leaves far more doubts than your fellow tier 1 enthusiast. All what is said about Bitcoin Ultimatum is based on press-releases only and even the official web site of the coin does not contain a white paper. Instead it offers a fancy presentation


Nikolai Udianskyi

It features partner section based only on three Nikolai Udianskyi own projects. With, according to some accounts, extensive involvement in MMCIS Forex Ponzi scheme and murky real estate projects intended to contain and identify rich IT engineers his figure does not seem to be sound. His own Coinsbit exchange receives many complaints on slow withdrawal which may indicate that it operates without proper liquidity.

Coinsbit, the exchange founded by Nikolai Udianskyi, has gained an outright bad reputation. It seems to be operating by taking client money as a loan to pay for all the expenses including the occasional withdrawal. People wonder how such a small exchange may even exist. Mysterious disappearance of deposits, personal data and glitches - all in favour to Nikolai Udianskyi - are reported on the mass scale. His ASSUR insurance company (not to be confused with is known by single press release publication.

Bitcoin Ultimatum Nikolai Udianskyi seems to be either scam or wishful thinking with the edges unclear. It has no white paper, no hiring opportunities, no developer profiles. It is too good to be true project and we recommend to stay away from it as far as it is possible.

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