Scams in the blockchain world are nothing new to the community. For many years we have endured the numerous phishing and investment scams with companies offering us a sweet release of risk-free investing, only to turn tail and run once their monetary goal was achieved.
Many countries are suffering from such attrition, especially Australia, but the most recent scam is currently underway in the Russian Federation.
As you may all know, Russia is in the process of implementing a cryptocurrency regulation, in order to prevent scams like the one we’re about to showcase.
Kinodanz is a mediocre media company that’s sole purpose is to copy popular blockbuster movies and ruin them in their twisted point of view. They also tend to make TV shows that are hard to find even at the very bottom of Netflix’s trash can, which they heavily copyright only within Russia (for an obvious reason of being sued if aired elsewhere)
There are already strong allegations that the company is government-sanctioned as they partake in censoring and “getting rid” of freelance movie makers on YouTube such as Badcomedian.
There have been multiple occasions where the company filed copyright claims (that were fake by the way) on numerous Russian movie makers on the popular video portal. Due to YouTube’s absurd copyright policy, those videos are not able to generate any income, and even worse, generate income for Kinodanz themselves.
The company is affiliated with the Russian Ministry of Culture, that provides funds for them to feature movies on popular Russian TV channels. However, the problem is that most of these movies fail and do not fall within the frameworks of the Russian viewer’s interests. [Here some numbers and examples, can be easily googled, for example, original Divergent collected $288 million in box offices, Kinodanz copycat “Dance to Death” only collected $180,000, partially thanks to a scenario that did not make any sense, according to critics.