[WARNING] Folgory exchange offering high return+hiring thread bumping services

[Rikafip]

What happened:  Folgory exchange is offering suspiciously high profit (72% for 12 months) and on top of that there are few other dodgy things :

-Huge reported volume according to CMC, 2.4 billion USD while in the same time there is no activity in their social media channels, except twitter. They have discord channel, but there is like 100 people there, and no one communicating at all.

-Paying Ann thread bumping services. They have old Ann thread made in 2019, that was also spammed with those fake conversations, but those accounts got tagged, so they decided to make new Ann and they continued the same practice. Accounts that started thread bumping are active on another thread made by them, Liberty159, and on one more dodgy project that is also using same services, Arc Iris. Coincidence? I think not.


Folgory website:  https://folgory.com/
Archive:  https://archive.ph/EjlCD

Ann 1:  https://bitcointalk.org/index.php?topic=5162903.msg51748365#msg51748365
Archive:  https://archive.fo/5MNVd

Ann 2:  https://bitcointalk.org/index.php?topic=5227659.msg53888505#msg53888505
Archive:  http://archive.ph/fLawB


Proof of 72% profit in 12 months confirmed by them. I honestly doubt that can be sustainable, and legit

I discovered Folgory exchange today and their feature "Investment" caught my eye. https://folgory.com/investment-request/BTC
How can you guarantee 72% profit per year?? So if I invest 1 BTC, I will have 1.72 BTC after one year, correct? Please explain how can you offer such interest rates.

yes is all correct
The investment is guaranteed. We work in liquidity and take profit fee from other exchange.
You can test with small amount without issue.
We have launched also Mining cloud investment > https://folgory.com/mining

.



Today they made another Ann thread for IEO on their platform, Liberty159. What is interesting about that IEO is that they promise 100% profit to every investor. They claim that they will buy out all tokens for 2x price, compared to IEO price. Another weird things about Liberty159 is that they don't have whitepaper, no social media presence except Telegram group with 5 members, and website with barely any info at all. And yet they promise 100% profit.


Liberty159 Announcement thread
http://archive.fo/grzwK

Liberty159 Website
https://archive.ph/FqXuL


tl;dr
Stay away from this if you don't want to loose money.

[1714646968]

1714646968

[Lauda]

Support flag:
https://bitcointalk.org/index.php?action=trust;flag=1397

[starkovblue]

Supported by the flag, too obvious an attempt to deceive the exchange that acts like a pyramid

[Rikafip]

Support flag:
https://bitcointalk.org/index.php?action=trust;flag=1397

Flag supported.

too obvious an attempt to deceive the exchange that acts like a pyramid

Yep, their practices are shady af, I don't know any legit exchange that promises that kind of return. This can only run until they have influx of new users.
But obviously they don't care much about their reputation, as even after getting busted for hiring bumping services, they go on. Their announcement thread consist of a brand new accounts asking some silly questions, pretending that they are interested in the exchange. Same goes for that IEO, Liberty159.

[folgory]

without evidence, only the suspects remain. Accusing of scams is now simple without having the evidence.
Here is evidence that Liberty159 has doubled the price from the iEO and those who bought it first have margin.
Good day
https://twitter.com/Folgory1/status/1234082170421043202

[Rikafip]

Since you came to this thread, I have a few questions for you that I hope you will answer:

1. If Folgory and Liberty159 are completely legit, why are you using bunch of newbie accounts to shill those 2 announcement threads, faking interest and pretending to be interested? Since the creation of those 2 threads 8 days ago,  I reported more than 70 shilling posts that were deleted by moderators. You were doing the same thing in your previous announcement thread that you abandoned, and accounts doing that were tagged. Haven't you learned anything from before?

2. How can you promise 72% passive yearly income? What do you know that other top exchanges like Binance don't know, since they offer significantly lower interest? Your  promised profit is comparable  only to ponzi schemes.

3. You had Liberty159 IEO going on, while that project had no whitepaper, team, working product, social media channels, basically nothing.  Only thing that was there promise of  100% profit, and yet you are surprised that people looked at it as a scam?

[sportikus]

without evidence, only the suspects remain. Accusing of scams is now simple without having the evidence.
Here is evidence that Liberty159 has doubled the price from the iEO and those who bought it first have margin.
Good day
https://twitter.com/Folgory1/status/1234082170421043202

Ok Folgory
I send from HitBTC July 1, 3268 XRC to Folgory when the deposits are open and after 7 days you close the deposits and the coins are lost and then you never answer my tickets and I lost all my coins.

[allyouracid]

without evidence, only the suspects remain. Accusing of scams is now simple without having the evidence.
Here is evidence that Liberty159 has doubled the price from the iEO and those who bought it first have margin.
Good day
https://twitter.com/Folgory1/status/1234082170421043202

Ok Folgory
I send from HitBTC July 1, 3268 XRC to Folgory when the deposits are open and after 7 days you close the deposits and the coins are lost and then you never answer my tickets and I lost all my coins.

That's bad. Hope this XRC amount wasn't too much in USD or BTC terms.
But guys, you seriously need to stop using such shit exchanges. We have plenty of options, centralized as well as decentralized, you don't even need to KYC if you don't want. There is no reason on earth to use something like this. I wouldn't even open the website in my browser, let alone send any money there. And neither should you.

[sportikus]

When i make the transaction is 1.5$ and 2 days after make a spike to 3$

[Coin_trader]

without evidence, only the suspects remain. Accusing of scams is now simple without having the evidence.
Here is evidence that Liberty159 has doubled the price from the iEO and those who bought it first have margin.
Good day
https://twitter.com/Folgory1/status/1234082170421043202

Ok Folgory
I send from HitBTC July 1, 3268 XRC to Folgory when the deposits are open and after 7 days you close the deposits and the coins are lost and then you never answer my tickets and I lost all my coins.

That's bad. Hope this XRC amount wasn't too much in USD or BTC terms.
But guys, you seriously need to stop using such shit exchanges. We have plenty of options, centralized as well as decentralized, you don't even need to KYC if you don't want. There is no reason on earth to use something like this. I wouldn't even open the website in my browser, let alone send any money there. And neither should you.

1 XRC = 1.13$ as of writing this post BUT there's literally no volume for this coin on any exchange it was listed given that exchange listed this token are on all shit exchange with 0 trading volume. He has no choice on selling it on decent exchange.

Staying away from shit token is more appropriate advice on his case.

When i make the transaction is 1.5$ and 2 days after make a spike to 3$

It's normal because the 24h average trading volume on all exchange was only 126$, Even you can pump it x10 for a thousand bucks.

[Rikafip]

Staying away from shit token is more appropriate advice on his case.

Yep, pretty much this. People end up using scammy exchanges because they are the ones that usually list such obscure shitcoins like that XDR.

It's normal because the 24h average trading volume on all exchange was only 126$, Even you can pump it x10 for a thousand bucks.

Jeez, not that XRC is just a shitcoin, its a worthless shitcoins with no volume that you can't even dump to anyone. Yet people bother to move that crap around. Smh...

[Coin_trader]

It's normal because the 24h average trading volume on all exchange was only 126$, Even you can pump it x10 for a thousand bucks.

Jeez, not that XRC is just a shitcoin, its a worthless shitcoins with no volume that you can't even dump to anyone. Yet people bother to move that crap around. Smh...

Actually I'm amaze that despite crypto is not new anymore, There's still some people taking risk on buying almost worthless token on shitty exchange and expect a fairytale like profit just like on the early stage of crypto. Besides the token of OP is not even listed on reliable DEX.

Most of the legit startup project right now has a VC to cover all the initial expenses of the team for development of the project and exchange listing.