GoNetwork - Due diligence

[icochecker]

GoNetwork (GOT)

Team

• Rashid Khan (Co-founder & CEO) - Jan 2016 - Present | Linkedin profile
• Xun Cai (Co-founder & COO) - Jan 2016 - Present | Linkedin profile
• Amit Shah (CTO) - Aug 2017 - Present | Linkedin profile
• Miao Jiang (Chief Software Architect) - Sept 2017 - Present | Linkedin profile
• Harry Peng (Architecture Advisor) - Jan 2017 - Present | Linkedin profile
• Jesse Guild (Business development Manager) | Linkedin profile does not mention GoNetwork | Entrepreneur in Residence at Citi
• Yifan Evan Zhu (Financial Advisor) - Dec 2016 - Present | Linkedin profile
• Vincent Xie (Project Manager) - Jan 2016 - Present | Linkedin profile
• Maanas Rautela (Legal) - Jun 2017 - Present | Linkedin profile does not mention GoNetwork | Corporate & Real estate associate at RJS Law

Advisors

• Jeff Morris Jr. | Linkedin profile
• Tess Hau | Linkedin profile
• Nenone Donaldson | Linkedin profile
• Ian Balina | Linkedin profile | Background check
• David Debono | Linkedin profile
• Laurent Bernardin | Linkedin profile
• Paul Allamby | Linkedin profile

Company

Questions not answered by the company:

1

• Sunday 26th Nov: User asks company info
• Admin tells user to look in the white paper.
• No company info in the white paper.

2

• Sunday 26th Nov: Asked for the 2nd time
• Admin tells user to wait for annoucement

3

• Sunday 26th Nov: Asked for the 3nd time
• No answer

4

• Sunday 26th Nov: Asked for the 4th time
• Xun Cai (Co-founder & COO) too busy posting GIFS
• No answer

5

• Sunday 26th Nov: Asked for the 5th time
• No answer

6

• Monday 27th Nov: Asked for the 6th time
• No answer

7

• Monday 27th Nov: Asked for the 7th time
• Marc tells user to PM Xun

8

• Monday 27th Nov: Other user asks company info
• No answer

9

• Monday 27th Nov: Asked for the 8th time
• No answer while Xun Cai (Co-founder & COO) is live in the chat

Searching for company info

1. Linkedin profile of Xun Cai (Co-founder & COO) says that GoNetwork Pvt. Ltd is in Waterloo, Ontario.

2. Searching for GoNetwork on the Canadian corporate database gives no results.

3. Xun Cai Linkedin profile - CTO of Infinidy.

4. Searching for Infinidy on the Canadian corporate database gives one result:

INFINIDY CORP.

Registered Office Address
308 - 55 WILLIAM STREET EAST
WATERLOO ON N2J 4Z1
Canada

Corporation Number 727496-3
Business Number (BN) 838527463RC0001
Corporate Name INFINIDY CORP.
Status Active
Governing Legislation Canada Business Corporations Act - 2009-11-09

Directors
Minimum 2 - Maximum 2
XUN CAI
308 - 55 WILLIAM STREET EAST
WATERLOO ON N2J 4Z1
Canada

RASHID SHAKIL KHAN
2302 - 350 WEBB DRIVE
MISSISSAUGA ON L5B 3W4
Canada

Annual Filings
Anniversary Date (MM-DD) 11-09
Date of Last Annual Meeting 2016-12-12
Annual Filing Period (MM-DD) 11-09 to 01-08
Type of Corporation Non-distributing corporation with 50 or fewer shareholders
Status of Annual Filings
2017 - Due to be filed
2016 - Filed
2015 - Filed

Corporate History
Corporate Name History
2009-11-09 to Present INFINIDY CORP.
Certificate of Incorporation 2009-11-09

• Rashid Khan (Co-founder & CEO of GoNetwork) & Xun Cai (Co-founder & COO of GoNetwork) are Directors of INFINIDY CORP.

5. Searching for GoNetwork on the Nuans database, a Canada-wide corporate, business name and trademark registry.

• Shows 2 results

6. Company screenshot sent to Xun Cai (Co-founder & COO)

Observation

On Linkedin, it says that Rashid Khan and Xun Cai are co-founders of Go Network, a company based in Waterloo, Ontario, Canada since January 2016. In reality, both the Canadian Corporate Database and Nuans Database show no record of the company before November 21st, 2017.

Two questions remain: under which name is GoNetwork operating, and why hasn’t Xun Cai answered the questions about his company?

Smart contract

• No smart contract available

Github

• GoNetwork
• No code committed since the hackaton, 2 month ago.

Product

• No working product for GoNetwork

Vesting schedule

• No vesting information
• Investors questions ignored. See screenshot below.

Poor Communication with Investors - Questions ignored by GoNetwork

• Investors questions ignored in the Telegram chat.

Disturbing screenshot leaked on telegram

Screenshot deleted by mod and reaction from channel

Allegation of fake screenshot

Other screenshot received from random user in private message

Dialogue with Xun Cai:

Observation

• Disturbing screenshot gets leaked on telegram
• Screenshot is labeled as fake
• Xun Cai (Co-founder & COO) tells user that someone hacked his computer or telegram

Conclusion

The founders never replied to investors' questions, showing total disregard to their concerns.

IcoCheck

• Added to icocheck.io
• Discuss this project and others on ICO Check Telegram Group chat https://t.me/checkico

[prateekjassal]

I was kicked from their Telegram group the moment I wrote the word scammy with a question mark. I am off this scam. Thanks for alerting.

[gonetwork-admin]

For people asking about our Company, we will be releasing more information on that soon.

[gonetwork-admin]

All the team and advisor tokens will be locked and vested over a period of time. Once our smart contract is live you can see it.

[gonetwork-admin]

Please read our latest blog post here https://medium.com/@gonetwork/gonetwork-telegram-now-has-over-12k-members-thank-you-we-have-some-updates-for-you-bed31402493

[gonetwork-admin]

How our telegram may have got hacked
The same telegram account can be login in and used in multiple devices at the same time. And if you login to your telegram account in one device like an ipad without logging out and someone took that ipad, he can use your telegram without any password. Or if you login to the web telegram or desktop telegram without logging out, someone can also use your account and talk to other people.
We made iphone games and we had a lot of different mobile devices without passcode for testing reason. We may have our telegram login in some of them. If one of those devices was taken by a scammer or hacker, he could easily use it to talk to other people. And if we have login to our telegram account in a computer without signing out, someone can also use our account in that computer.
Another way of using our account is that if someone can get access to our computer in any way like hacking, he can also use our account.

---

In addition to all this we did a security audit and found Xun Cai's email to have been compromised earlier. We have changed all our passwords and 2FAuths.

You can see for yourself, go to https://haveibeenpwned.com/ and search cai@infinidy.ca the results says:

Breaches you were pwned in
A "breach" is an incident where a site's data has been illegally accessed by hackers and then released publicly. Review the types of data that were compromised (email addresses, passwords, credit cards etc.) and take appropriate action, such as changing passwords.

Adobe: In October 2013, 153 million Adobe accounts were breached with each containing an internal ID, username, email, encrypted password and a password hint in plain text. The password cryptography was poorly done and many were quickly resolved back to plain text. The unencrypted hints also disclosed much about the passwords adding further to the risk that hundreds of millions of Adobe customers already faced.

Compromised data: Email addresses, Password hints, Passwords, Usernames
Bitly: In May 2014, the link management company Bitly announced they'd suffered a data breach. The breach contained over 9.3 million unique email addresses, usernames and hashed passwords, most using SHA1 with a small number using bcrypt.

Compromised data: Email addresses, Passwords, Usernames
LinkedIn: In May 2016, LinkedIn had 164 million email addresses and passwords exposed. Originally hacked in 2012, the data remained out of sight until being offered for sale on a dark market site 4 years later. The passwords in the breach were stored as SHA1 hashes without salt, the vast majority of which were quickly cracked in the days following the release of the data.

Compromised data: Email addresses, Passwords

We encourage you guys to occasionally change your passwords and use 2FAuth.

[gonetwork-admin]

Why it’s obvious a Hacker or Scammer:

Until this point, we have never accepted any money and we have never accepted any deal!

1. We don’t ask for money in telegram, especially people we don’t know. We even said that in our telegram group many times.

2. Biggest problem here: He asked for 700K - 1M which is crazy for a stranger.

3. As you know, we DON’T ask for money but only ETH and BTC for any private presale or ICO. So this showed us that this guy didn’t understand ICO that much. We said that many times in our group about this policy too. This showed us this hacker didn't know anything about ICO.

4. People don’t say so many harmful things to a stranger you don’t know on Telegram. This is too obvious.

5. Please look at the time stamp, everything happened too fast. Both parties talk very fast - it seems like they are talking without thinking.

[gulfcoin]

@icochecker I see the gonetwork-admin is trying hard to convince that they are very legit.
Well, I am also reluctant on investing or even flipping in this ico as I know this gonetwork project from August 2017 being one of the early investors in Kickico. This was among the first ico proposal submitted on Kickico platform. And boy, they have entirely changed up their ico objectives, polished their resumes. Cant find out their noobish video which they submitted to Kick platform. Iam out of this ico. Anyone who wish to investigate further can request Kickico team for their initial proposal and video i talk about.

[mangitick]

This is your first time submitting project name?

[voldemarz]

@gonetwork-admin How is email hack related to Telegram? Sign-up there is via mobile phone number + SMS code, sign-in on new device via code to other authorized Telegram device. No email involved.