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Author Topic: [ANN] Symmetry - The Safer Cryptocurrency Fund with a Monthly Dividend.  (Read 20447 times)
ecoin_org
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January 29, 2018, 09:55:44 PM
 #261

The very fact that they are guaranteeing a positive ROI from trading should throw up many red flags. This is a scam and clearly will result in loss to anyone who buys into it.


From the website homepage:

"Unrivaled Returns

The SYMM fund uses proprietary analysis methods to provide returns to shareholders that are incomparable to investments with traditional funds."

If you enjoy giving up your ETH, go for it. You are better off gambling in "next generation blockchain ICOs" than trading funds.  Just by participating in the ICOs you are already doing what they claim they will do.
tlcash
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January 29, 2018, 10:06:53 PM
 #262

I'm confused  Huh

 Is the project fake or not ? Do I have to leave the signature?

  A revolutionary decentralized digital economy 
Join us:██`Twitter  ◽  Facebook  ◽  Telegram  ◽  Youtube  ◽  Github
.ATHERO
.Internet 3.0 solution
bootlegneurons
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January 29, 2018, 10:55:37 PM
 #263

Hi all, just another quick update, I received a reply from the other conference organiser that I emailed, Blockchain West:

Quote
Hi David,

My producer and myself triple checked and no one from that organization has registered for the event in any capacity at this time.

Let me know if you have any other questions.

Thanks,
Kelly Hara
GSMI | Global Strategic Management Institute
bootlegneurons
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January 29, 2018, 11:03:52 PM
 #264

Also, beware all the people making comments like this:
This a long-term and promising project which is handled by professional team. Do you accept BTC?

I just checked three at random and noticed some peculiarities: identical merit, identical activity. Almost identical number of posts. Accounts all created within hours of each other. If you look at their recent posts you will see they are all commenting virtually the same thing on the same ICO threads, minutes apart:
https://bitcointalk.org/index.php?action=profile;u=1384493;sa=showPosts
https://bitcointalk.org/index.php?action=profile;u=1383858;sa=showPosts
https://bitcointalk.org/index.php?action=profile;u=1384310;sa=showPosts

I suspect that these accounts (and probably others) are associated with the scammers involved with Symmetry Fund... and any other ICO's that they mention in their post list I would be very wary of (Mobilink, Pecunio, GRON, Saifu, OKO, Setcoin, Lucyd, Freelancer, Styras, Chatello, Dogezer, AMP, HeavenCoin, and more... several posts are in russian so i can't read them all.

Cheers
bitok50
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January 29, 2018, 11:16:21 PM
 #265

How the dividends will be paid, everything will depend on the profit of the project for the month. In what proportion will payments in relation to the number of tokens that will be on my wallet? Anyone else who owns the token will receive it? Or just shareholders or those who bought tokens at ICO?
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January 30, 2018, 04:47:37 AM
 #266

Also, beware all the people making comments like this:
This a long-term and promising project which is handled by professional team. Do you accept BTC?

I just checked three at random and noticed some peculiarities: identical merit, identical activity. Almost identical number of posts. Accounts all created within hours of each other. If you look at their recent posts you will see they are all commenting virtually the same thing on the same ICO threads, minutes apart:
https://bitcointalk.org/index.php?action=profile;u=1384493;sa=showPosts
https://bitcointalk.org/index.php?action=profile;u=1383858;sa=showPosts
https://bitcointalk.org/index.php?action=profile;u=1384310;sa=showPosts

I suspect that these accounts (and probably others) are associated with the scammers involved with Symmetry Fund... and any other ICO's that they mention in their post list I would be very wary of (Mobilink, Pecunio, GRON, Saifu, OKO, Setcoin, Lucyd, Freelancer, Styras, Chatello, Dogezer, AMP, HeavenCoin, and more... several posts are in russian so i can't read them all.

Cheers

AWESOME FIND!

There is your list for people that want somethignt to stay away from.
cryptocrumpet
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January 30, 2018, 07:22:38 AM
 #267

Damn, I'm so bummed out, I had hoped this would be a sureshot. unfortunately it's not. I even put in 5.6 ethereum... ah well.
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January 30, 2018, 09:28:15 AM
 #268

Also, beware all the people making comments like this:
This a long-term and promising project which is handled by professional team. Do you accept BTC?

I just checked three at random and noticed some peculiarities: identical merit, identical activity. Almost identical number of posts. Accounts all created within hours of each other. If you look at their recent posts you will see they are all commenting virtually the same thing on the same ICO threads, minutes apart:
https://bitcointalk.org/index.php?action=profile;u=1384493;sa=showPosts
https://bitcointalk.org/index.php?action=profile;u=1383858;sa=showPosts
https://bitcointalk.org/index.php?action=profile;u=1384310;sa=showPosts

I suspect that these accounts (and probably others) are associated with the scammers involved with Symmetry Fund... and any other ICO's that they mention in their post list I would be very wary of (Mobilink, Pecunio, GRON, Saifu, OKO, Setcoin, Lucyd, Freelancer, Styras, Chatello, Dogezer, AMP, HeavenCoin, and more... several posts are in russian so i can't read them all.

Cheers


Nice find, but it proves nothing. It is just an easy trick to get posts behind your name and get some status on bitcointalk. Just post in every ico thread some basic meaningless questions.
TheLazyCryptoInvestor
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January 30, 2018, 09:33:28 AM
 #269

On https://www.chipin.com/symmetry-fund-ceo-andrew-lewin-interview/ and https://www.chipin.com/symmetry-fund-ico-cryptocurrency-investment-one-place/ are removed

On https://www.investitin.com/symmetry-fund/  there is a scam warning now

and the link to https://cryptocentral.io/index.php/market-live/87-breaking-news/1034-aims-to-bring-convenience-and-stability-for-new-cryptocurrency-investors also not working anymore

these links came from the symmetry website
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January 30, 2018, 10:11:30 AM
 #270


Nice find, but it proves nothing. It is just an easy trick to get posts behind your name and get some status on bitcointalk. Just post in every ico thread some basic meaningless questions.


Actually I did further digging, and from just TWO pages of this ANN thread I found 19 users ALL commenting the same things, on the same 15 ICO's. By extrapolation, there could be HUNDREDS of fake accounts exploiting bitcointalk.org! This is huge. I've messaged the admin and I'm waiting for a response. The usernames in question are: Captain_Jack_Sparrow, recnapon, Mutanca, FranzyFox, macolde, Chermander, Captain_Killer, gastlator,  Varsity_Blues, Beahelm, Moto_angel, Anayajurus, Grinin, Ttexav, Glen Thompson, BearuBear, Tator, Monkey_Thinker... I encourage you to check their post histories yourselves if you don't believe me.

Also, a further update and another smoking gun! I was approached via Telegram by someone who wishes to remain anonymous. I will post sections of the transcript here:

Quote
I read your post on bitcointalk.org about symmetry fund (that it is a scam). I'm not registered on bitcointalk so I decided to write you here.

I checked people that you noted in your post here https://bitcointalk.org/index.php?topic=2480514.msg29199461#msg29199461 . I could read Russian so I can tell you that post in Russian were made in "life talks" (topics with subject like "What is your favorite sport", "Do you like soccer", "How to quit smoking" and etc). All these people have posts in the same topics. So in my opinion they were created by one person and post in Russian are needed only to create a more real look of these accounts.

I also wanted to say that symmetry github code is quite poor. Their dividends controller had newbie mistakes (and I suppose still have) and what is more interesting it just cant check if you bought tokens on round one or round two (it is important because these rounds was supposed to have different service fee).

I asked them to elaborate on the code issues:
Quote
The code I was talking about could be found here https://github.com/symmetryfund/symmetry/blob/master/DividendManager.sol

It is official symm github repository and Andrew gave link to it in a Telegram common chat. DividendManager.sol was supposed to handle dividends distribution. I'm a programmer so I could read programs code. And I was interested how they solve problem of determining token round (they have to check some how in witch round token was created and devide holder tokens into two groups with different service fee). So I opened DividendManager.sol and found nothing about it. The only thing that is checked by thier code (lines 37-61) is the amount of SYMM tokens. If it is less than 1000 then service fee is 15% if it is more than 1000 then service fee is 7.5% (lines 45-51). And line 48 was fixed. Now it is:

} else if (token.balanceOf(addr) >= 1000E6) {

but 8 days ago it was

} else if (token.balanceOf(addr) > 1000E6) {

So 8 days ago there was a newbie mistake: in case you have 1000 SYMM you won't get divident at all because of error in code (there was now dividends calculation for this case).

And I might be wrong but there could be an error with initializing dividends_before_commision and dividends_after_commision variables.

Anyway this could doesn't check when SYMM tokens were bought (doesn't check round). It just check the amount of SYMMs holded. And all this code looks like it was not tested. Now it seems that they published it just to look more legit.

TL;DR: There is no code to check which round of the ICO tokens were purchased in - dividend calculation is based purely on amount of tokens held.

I have some programming experience, and to me it looks like the dividends_before_commision and dividends_after_commision (besides being spelled incorrectly) are not being initialised properly - they are initialised in the 'if' part of an if/else statement (type declared as uint256) but not initialised in the 'else' block (only an assignation). Definitely agree that it looks like this code has not been tested at all and is probably just there for show.

Back to the topic of the fake/scam accounts for now, our anonymous friend also had this to say:
Quote
May be they were not created by symmetry scamers. It could be another team that handle all these bots and provide kind of advertisement services. I mean you pay them to get post on forum to make a better look of your project. With more post in a topic it may seemed that more people are interested in a project.
 It is very common in Russian social media so I assume that someone just make same promotion business on bitcointalk and scamers just buy post from them.
Makes me think of all the reports of russian manipulation of the US election - we know it happens, is this just another example? I think that is likely.

So, to recap:
  • 1st smoking gun - funds being transferred from ICO wallet to scammer wallet
  • 2nd smoking gun - code containing basic errors, and not being able to calculate the dividend payout correctly as per symmetry fund's website
  • 3rd smoking gun - this ICO is either part of a coordinated group of scams run by a single group, or has engaged the services of social media manipulators to artificially promote and lend legitimacy to their ICO.
TheLazyCryptoInvestor
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January 30, 2018, 11:26:05 AM
 #271

For those who had private chats with Andrew... just take a look in your telegram "Last seen  within a week".... the dude is gone

https://s14.postimg.org/mdm5mpp6p/grab01089.jpg
TheLazyCryptoInvestor
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January 30, 2018, 11:43:54 AM
 #272


3rd smoking gun - this ICO is either part of a coordinated group of scams run by a single group, or has engaged the services of social media manipulators to artificially promote and lend legitimacy to their ICO.


And or trying to hire legit people and services to increase trust in their legitimacy.
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January 30, 2018, 04:26:50 PM
 #273

I'm confused  Huh

 Is the project fake or not ?

Yes, it is.
MainIbem
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January 30, 2018, 07:47:45 PM
 #274

For those who had private chats with Andrew... just take a look in your telegram "Last seen  within a week".... the dude is gone


But they have been updating their twitter account.

https://twitter.com/symmetryfund/status/958419721027645440

This is a recent tweet.
bootlegneurons
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January 30, 2018, 08:30:59 PM
 #275


But they have been updating their twitter account.

https://twitter.com/symmetryfund/status/958419721027645440

This is a recent tweet.
Yes, but notice how it is just a generic crypto article and not anything to do with SYMM? The twitter account is probably managed by the same manipulation business that they have hired. If they ARE active on twitter then why haven't they responded to any of these allegations instead of reposting meaningless drivel?

Good news, I've managed to have SYMM delisted from several ICO report pages. I'm currently working on having the main website taken down.
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January 30, 2018, 08:36:58 PM
 #276

What about SEC ang legal for you project? where i can read about it?
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January 30, 2018, 08:42:16 PM
 #277

What about SEC ang legal for you project? where i can read about it?
This is a scam ICO. go back to page 11 of this thread, and read from there until the end. The money is already gone, don't invest.
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January 31, 2018, 06:00:03 AM
 #278

Guys! trying to get to the bottom of this story... and one thing doesn't match up....

How is it that the official telegram channel of symmetry has been taken over, muted and promote this thread? Unless it has been hacked, why on earth the owner(s) of Symmetry would redirect everyone's attention to a post indicating that they run a scam?

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January 31, 2018, 06:06:39 AM
 #279

Also, beware all the people making comments like this:
This a long-term and promising project which is handled by professional team. Do you accept BTC?

I just checked three at random and noticed some peculiarities: identical merit, identical activity. Almost identical number of posts. Accounts all created within hours of each other. If you look at their recent posts you will see they are all commenting virtually the same thing on the same ICO threads, minutes apart:
https://bitcointalk.org/index.php?action=profile;u=1384493;sa=showPosts
https://bitcointalk.org/index.php?action=profile;u=1383858;sa=showPosts
https://bitcointalk.org/index.php?action=profile;u=1384310;sa=showPosts

I suspect that these accounts (and probably others) are associated with the scammers involved with Symmetry Fund... and any other ICO's that they mention in their post list I would be very wary of (Mobilink, Pecunio, GRON, Saifu, OKO, Setcoin, Lucyd, Freelancer, Styras, Chatello, Dogezer, AMP, HeavenCoin, and more... several posts are in russian so i can't read them all.

Cheers


Nice find, but it proves nothing. It is just an easy trick to get posts behind your name and get some status on bitcointalk. Just post in every ico thread some basic meaningless questions.

I laugh a little every time someone like that so many of us find such people here just for the same purpose

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anonymous779
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January 31, 2018, 06:15:39 AM
 #280

Guys! trying to get to the bottom of this story... and few thing doesn't match up....

How is it that the official telegram channel of symmetry has been taken over, muted and promote this thread? Unless it has been hacked, why on earth the owner(s) of Symmetry would redirect everyone's attention to a post indicating that they run a scam?

Also If I recall well, there was over 700 members in the original Telegram channel... not 19 as of now...

The current channel was created on Monday January 29 (few days only) and been viewed by 127 persons only...

Can anyone shed some light?
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