Bitcoin Forum

What do you think about it? is it a scam?

https://www.sionstore.com/?Chain_ICO&Name=GBY

Since I don't find any victim got scammed from this coin and exchange, I can't say it's 100% scam. But both of coin and exchange is likely will scam in the future. So, it's better to stay away from this exchange and coin!

There is someone asking about Apoolex exchange and GBY coin before https://bitcointalk.org/index.php?topic=5251611.0

The exchange looks shady because they're replacing apoolex with sionstore



And GBY coin is plagiarized whitepaper from Gisc

Checked the Project out myself, I find out that the use case is promising which of course many new projects has, it's all about the seriousness of the team but now that they have a plagrism whitepaper I don't know what do say than tell you that this project can't be trusted

Last message on the website https://www.sionstore.com/

Thanks to users around the world for their support and recognition of GBY in the past two months.
GBY has won wide acclaim from the global market and investors,
and the GBY project party wishes to thank GBY's loyal supporters.
Now, before the end of the subscription period,
start the "Buy 100 Get 100 Free" candy reward program.
Starting at 0:00 on June 16, the top 500 are limited, while stocks last!
GBY is working hard to establish a global safe and convenient blockchain environment.


It is not possible to find any news about it. Could it be real?

have anyone got any news about GBY? It looks a scam

(aceguru)
We enquired it is a fake trade exchange and the money invested is already lost by many try to track them at least the company behind so that some recovery can be made

After reading this I would suggest you to take your investment out. Plagiarized whitepaper is not a good sign.

this is the last message:
-----
GBY Plans To Log Into The Mainstream Trading Platform
Global GBY Consensus Group,thank you for your company in the past 3 months.
Now, it is an honour to tell you that GBY has successfully completed the ICO phase,
and the next phase will start on the mainstream exchange at 24:00 on June 22, 2020.
The data will be blocked. After collecting statistical data,
we will return it to everyone based on the data on the blockchain smart contract.
The GBY team thank you again!
-----
the subscription is ended few days ago and the GBY cannot be withdraw. I do not believe what they say in their message.

I would like to know if there are many victims of this scam.

Thanks for all the messages
 

Please stay away from such low quality projects. You will most certainly lose money. Even if there are no scam claims right now, in the future as more and more people begin to surface with complaints about GBY, you will see that I am right. I have known at least one person who has invested in GBY indirectly and is regretting that decision. I am not that close to him so I cannot speculate into the nature of his involvement neither can I ask him about it.

Regardless, as it is pointed out that their content is plagiarised, I am certain that it would be enough evidence for you to stay away from a project that cannot even afford or care enough to create original reading material for its initial investors. The rest is up to you, but in general, stay away from any project that sounds too good to be true.

Thanks for your comment. I know already about 10 people victims of this potential scam. Do you know what it is possible to do in order to protect them self against those scammers if they will only steal the money running away?

An update: the website is dead.

in my opinion its too risky, personally i will go away from this project and prefer to invest my money into another project or maybe existing coin in crypto market which is have certainity and also less risk . just follow project which is have big hype so in market will success and we get profits.

Many people got victim of GBY. Many do believed GBY when website is working. it was working two days ago. Now website is complete down or dead. this feels like a pre planned scam. i heard many got invested in GBY because a women suggested and she is from Hong Kong. so beware of these scammers in the future. so what next for GBY? is it possible to track them or report them and get the money back or its all gone? any comments? please do share your thoughts... found this while searching GBY: https://www.urlvoid.com/scan/sionstore.com/
does it help to track these scammers?

a project with plagiarism whitepaper is not good and people must becarefull
and ready for all risk if they invested in this project, because a plagiarism whitepaper is a big sign of bad project

Gold BitPay is scam. Just look at the name and you should be already having a clue that those people are not to be trusted with your money.
First they go on to use names of existing projects or assets to create that fake vibe. Gold, one of the most sort precious metal and Bitpay a bitcoin payment service provider are to different things. How do they even appear in the same name?

Any opinion on how to report this GBY scam? any possible way to track these scammers or restore money? or everyone who invested money is all gone?