This article is a deep dive investigation into Ecoin Finance (ECOIN): a suspicious project based on the smart contract of what many consider to be a fraudulent platform, Safemoon (SAFEMOON), that keeps promoting its token with the name of a now-defunct company that was registered in the United Kingdom.

Ecoin Finance is a project that, according to its website, was founded in May 2021 and “is a decentralized & deflationary BEP20 token powered by BNB Chain network.” The company seemingly aims to become “an online payment platform replacing conventional fiat currency through our integrated debit card.”

The Ecoin Finance website’s homepage cites the misspelled name of its corporation, “Ecoin Finance LTD” in its footer and continues carrying the incorporation documents on the website for E-Coin Finance LTD, a company based out of London founded back on June 2, 2021.

What Ecoin Finance apparently fails to disclose is that this company was dissolved by UK authorities back in December last year after a warning was issued in August 2022.

According to official records, Ecoin doesn’t exist

While the reason for the dissolution of the company is not explicitly mentioned in the documents, the fact that no publicly-listed documents have been added by E-Coin Finance LTD management to its filing history since the incorporation suggests that the company has never been really active.

The data also suggests that the firm was dissolved over simply failing to ever file any of the compulsory paperwork.

One interesting statement from the document is the following:

“Upon the Company’s dissolution, all property and rights vested in, or held in trust for, the

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Author: Adrian Zmudzinski

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