This article was created to share the truth about certain individuals. Please be aware of this person, he is known for criminal activities.
About Imed Boudali
Full Name: Imad Eddine Mohamed Boudali
Living in: Algeria
Date of birth: 01 December 1991
Mid 2017, Imed Boudali joined the NVO Project, a decentralized project which aims to build a decentralized economy. Mr. Boudali was no Co-Founder at any stage of the project.
Mr. Boudali was responsible for the development of the decentralized exchange. Unfortunately he failed to do so. There is no proof of work available. If source code exists, it is not open source.
Mr. Boudali refuses to hand out any sort of information about his development progress which draws suspicion.
Forging documents from the escrows
On the 3rd of August 2018, Mr. Boudali was caught trying to forge the signature of the escrow service as well as a document.
On top, Mr. Boudali spread the rumour that he used personal funds to develop the dex, which is a invalid statement, officially confirmed by the escrow service.
Selling DVD’s on Facebook
Accusing a team member of stealing 5,000 Bitcoin
Mr. Boudali filed a report against a team member known under the name Yanni. The accusation was stealing 5,000 Bitcoin.
Furthermore, users found the full document, the source is unknown.
A translation of the report is given below:
“Well 1st so sorry about the stolen funds…skimming through the screen shots you sent it says nothing about the ico…
it does mention money was stolen and something about identity theft…dont see any refrence to the ICO or company
- Both the accused were residing at the complainer’s residence on the 17/06/2018 at 2 AM.
- I’m assuming this is Abdel Hameed Ahmed Yanees Hamany was suffering from a sudden illness while the 1st accused person was sleeping
- The complainer went out at night to look for food for the 2nd accused person as he had diabetes
- Upon the complainer’s return to the residence, he did not find either of the accused in the residence
- The complainer immediately proceeded to investigate and look for both the accused by call multiple hospitals and security posts “assuming police stations”
The next two images state a conversation between Ton, founder of the NVO Project and Mr. Boudali. As you will see, the dialog is about the Veserus centralized exchange.
As seen, Mr. Boudali clearly tries to hide things from the investors and attempts to slow down the development process. There is no single sign of transparency given to the community from his side.
Previous projects of Imed Boudali
Mr. Boudali had heaps of blockchain projects in the past, where the majority (90%) of the projects were labeled as scam.
Previous projects included Blumed & StakeCoin.
You can find all the necessary information about his activities on BitcoinTalk
BluMedEx – 2016
Mr. Boudali created the project, BluMedEx, in Mid 2016. To draw attention to his ICO he used the Poloniex logo against their will.
A Poloniex team member had to ask Mr. Boudali to remove the logo. His statement to another user was: “Noted, we will solve the logo problem shortly. it was mainly to make a nice page, instead of typing them.”
Furthermore, Mr. Boudali valued his project at around $130 million without any significant achievements made.
User’s highly doubted the project, among others due to the insufficient information and the domain: http://blumedtoken.mywebcommunity.org.
Towards the end of the project conversation on BitcoinTalk and after negative responses from users/potential investors, Mr. Boudali decided to write something rather general as found in Google: “We learned a lot from your feedbacks and you can be sure that we will go back and adapt our project. Our main concern is to setup a confidence relation with who ever is interested in our project. Expect a lot of surprises”.
After the Pre-ICO announcement, nothing else followed – no ICO, no communication.
Destroying the relationship to the marketer
Every contact that was referred to Mr. Boudali ended up lost. The next view heading will show it.
The person, who’s name is blocked out due to security reasons, was the NVO Project marketer & is overall well established in the blockchain industry. After he tried to do some research on Mr. Boudali, Mr. Boudali released the following sentence.
MobileGo – a referred contact for XENIO
A MobileGo contact was referred to Mr. Boudali. Unfortunately he handled the the conversation in a very unprofessional manner as seen below.
EnjinCoin — a Potential Partnership Lost
EnjinCoin was referred to the NVO Team to help them with their ICO. Due to Mr. Boudali’s incompetence and aggressive behaviour towards other individuals, the EnjinCoin team decided to discontinue further communication with Mr. Boudali. Below you will find screeenshots of the BitcoinTalk conversation, or you can check out the full conversation here.
Mr. Boudali kicked off a new project, pre-announced back in 2017. They stated that the code will be open sourced, nevertheless the GitHub repository does not exist anymore.
Link to Github
To clarify this once more, Imed Boudali was not at any stage of the NVO Project considered as a Co-Founder. He started introducing himself to the community without official confirmation from the other team members. Therefore this is an invalid statement.
There also seems to be a problem with his statement about “Software developer for the past 12 years”
Throughout some video conferences as well as phone calls between investors and Mr. Boudali, specific questions about the code were asked. Mr. Boudali failed to answer any of those questions. Instead he started to smile & abuse the situation by not directly answering the investor’s questions.
It is highly doubt that he has been a developer.
As seen below, Mr. Boudali & a user known by the name “radiumsoup” are currently planning another ICO. This is an alarming sign. Please be aware of this.
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