The Oyster Pearl scam

[RealJullz]

I wanted to come here and clear my name as an impostor from the Oyster Pearl community is stealing my identity to make false posts across many media outlets.

Oyster Pearl took part in insider trading from at least the month of March to the time of their announcement that the airdrop date has failed and needed to be postponed until a later date. 

Oyster Pearl was telling all investors in their telegram that Kucoin support for their airdrop of the "Shell" token was 99% a done deal when in fact this was an outright lie.  We have telegram posts from the project lead, by his own admission, telling us there were communication issues from 6 weeks out.  During this this time Oyster Pearls price remained stable while Bitcoin fell with the help from this lie to investors.  The Oyster team admits to selling tokens during this time.  This is insider trading and falls somewhere between unethical and illegal in the crypto world. 

https://t.me/oysterprotocol/287587
https://t.me/oysterprotocol/287453

The oyster Pearl leadership has begun censoring anything that does not fit their narrative as there are no answers that can be given with factual and provable information to their behavior.  This is unethical and unprofessional and only helps them unload their 6.7 million pearls they have just removed from the dev wallet onto unsuspecting investors.  There are not enough buyers for Oyster Pearl to sustain this price while dumping that type of volume so the name of the game is to silence opposition, surround the telegram channel with hardcore follower and make an appearance all is well. 

https://medium.com/oysterprotocol/changes-to-community-operation-e8081837e44a

I would never invest or recommend an investment where the project lead is anonymous and censors the community.  This shows ill intent and goes directly against what crypto is about.  Crypto is supposed to free us not censor and hold us down.

Oyster Pearl has removed 1/5th of their dev funds in just this quarter.  This is not a healthy move and is an incredibly high spend rate for the project.  At this rate in 5 quarters the funds will be liquidated.  I have no idea what they will spend in the future but we do know what they are spending now and its alarming.  So once again I would never have anyone invest in something as risky as this and hence do not support this product in any way shape or form.

Being censored for the last 2 days were people attempting to discuss potential dumping concerns during and after the airdrop as we all know is common knowledge that this will happen.  This is being censored and messages are being deleted of any of this type of discussion.  This is horrible for new investors (the victims) as they think from the telegram chat everything will be be fine after the airdrop but history shows us a massive sell off is coming and investors cannot get the information they need as all real discussion is being blocked.  Mind you all pump information is allowed to remain.  This also shows the motives of Oyster Pearl as they unload these tokens.

I would never tell someone to invest in a project where the project lead makes a pr release as the one he posted over medium.  Its absolute folly and proves noting at all.  Big investors will not invest in a project where the leader makes emotional and childish accusations like he has done.  He is not fit to run a fruit stand let alone a project in which we are to invest our hard earned dollars in.  The big investors know this.  Could you imagine a ceo of Google, Microsoft or Exxon making a medium post like the one he did outright censoring the public and investors?  Of course not.  So the only investors that they have to dump on is us.

Finally, I would never tell our bitcointalk community or any other to invest in a project where the project lead would insult his investors.  Investors are to be cherished and respected not lied to, censored and insulted.  Once again no large investor will invest with emotional and childish outbursts from the leader.

https://t.me/oysterprotocol/287622

Here is the first of the funds they removed from the dev wallet and sent to Kucoin for dumping.  It's 700k.  No matter the reason for selling or when they told us they were selling that 700k is coming to market.  Be careful there is still 6 million to go after that and that is just for this quarter.

https://etherscan.io/token/0x1844b21593262668b7248d0f57a220caaba46ab9?a=0x6664650f564a4cb65abeadce4b84b81bd9a570b7


There will be a rush of Oyster Admins coming in here to dissuade you from listening to any of this an to invest in an incredible project.  Please do your own research.  Look over the facts and make your own decisions.  We don't need more stories of people losing all their funds to a scam coin.

God bless.

[dogtana]

If you are so sure, have you reported them?

[lima85]

Looks like they are unleashing some of the tokens.  She is going down faster than Naomi Russel.  Complete scum bags doing this to people.

[Dutchyyy]

Dude, Kucoin made an official announcement about the Airdrop and they ARE supporting it. The Kucoin support is the reason to move the snapshot date from 6th to 13rd this month.

I find the project from one of the most promising for this year. Do you have a real proofs for your words?

[lima85]

Dude, Kucoin made an official announcement about the Airdrop and they ARE supporting it. The Kucoin support is the reason to move the snapshot date from 6th to 13rd this month.

I find the project from one of the most promising for this year. Do you have a real proofs for your words?

Wow man trying reading. 

[diegodog]

The sell walls on Oyster Pearl are outrageous.  I have never seen a dump like this going into an airdrop.

0.00020   60,156.2047   11.81972259
0.00019   64,078.6954   12.04802055
0.00018   26,846.4638   4.78261420
0.00017   60,824.8027   10.19180947
0.00016   52,645.1015   8.21386347
0.00015   187,739.1941   27.42435717
0.00014   116,851.2879   16.00241316
0.00013   116,507.3690   14.58265819
0.00012   26,293.3477   3.02255814
0.00011   28,088.2110   3.06295978

Looks like the dev team is using the airdrop to dump on unsuspecting investors.  

Thanks for giving us the heads up Jullz.  Hopefully people listened. 

[gefander]

For some reason it seems that nothing can be done, with all those who in one way or another turned out to be a Scam. I've now read the discussion and see a lot of topics which indicate the Scam. And all these topics sink among a huge number of other topics. Here hundreds of thousands of those. It can only artificial intelligence analyze.

[magmaman]

It's sad to see all the guys in telegram trying to figure out whats wrong with the price.   The dev team is dumping on them (exit scam) without mercy and they just don't seem to get it.  There were so many warning put out about this scam.  Hopefully a few people got out.

[cryptokingdom]

If you are just saying this in order  to bring down someone's project and concept, it is very  bad because people really trust this project.

[Packers1985]

If you are just saying this in order  to bring down someone's project and concept, it is very  bad because people really trust this project.

Any doubts buddy...Just look at this guy and his account which is 9 months old and hardly any activity and all of sudden boom there you go many posts. Do you really think this guy has only one account , think ppl...

And the post created by our fav JULLZ who was kicked out by the team because of his FUD and then he started msging the members in private in telegram to form a whale group and dump the coins. If you want proofs please ask any member in that group, they saved those msg screenshots too.

 

[gefander]

Well, it has to be done! Put here screenshots, use file sharing, not to be unfounded, and then you can talk on the subject with arguments.

[magmaman]

https://t.me/oysterprotocol/296596
https://t.me/oysterprotocol/296597

Poor lads don't even realize its the dev teams 6.7 million Pearls from this quarter being sold off at market. 

First 700k bullet being put right into their heads.

https://etherscan.io/token/0x1844b21593262668b7248d0f57a220caaba46ab9?a=0x6664650f564a4cb65abeadce4b84b81bd9a570b7

[kolesozw]

The sell walls on Oyster Pearl are outrageous.  I have never seen a dump like this going into an airdrop.

0.00020   60,156.2047   11.81972259
0.00019   64,078.6954   12.04802055
0.00018   26,846.4638   4.78261420
0.00017   60,824.8027   10.19180947
0.00016   52,645.1015   8.21386347
0.00015   187,739.1941   27.42435717
0.00014   116,851.2879   16.00241316
0.00013   116,507.3690   14.58265819
0.00012   26,293.3477   3.02255814
0.00011   28,088.2110   3.06295978

Looks like the dev team is using the airdrop to dump on unsuspecting investors.  

Thanks for giving us the heads up Jullz.  Hopefully people listened. 

I have my doubts about this... But I saw a similar, even crazy, volumes and buy walls for coin like PRL in past few weeks.

Somebody is constantly putting a huge walls on both sides and I can't understand why. Maybe to create a fake volume and lure new investors?

[happyme1818]

It looks like FUD. I am not an investor of this project, but knowing that almost all of the altcoin are also down, it would be understandable that this coin is also suffering from dump. The sell order could also be a trap to sell your coins on who ever are accumulating it.

[Kryten12]

I have never heard of this project until looking at the boards today, some coins do go through manipulation. But if you want to do some detective work then look at the wallets of the largest token holders you can use Etherscan if it is an ERC-20 token and check on the movements of tokens that are supposed to be locked.

As for deleting FUD comments on Telegram I think you will find that all companies operate that way.

[Womble23]

I personally think there is a high chance Oyster is a slow bleed scam from the DEVS. CEO is Anonymous, that is such a bad way to do business. He can dump all his coins on the market and exit scam the PRL holders without any accountability.

Why start a business and try to raise millions of dollars without anyone even knowing who you are, this is what is wrong with Crypto. If things go wrong there is a good chance he can exit scam everyone instantly.

He was trying to raise 500ml dollars at the ICO, he obviously has greedy motivations as CEO and ambitions outside of simple online storage.

[qiwoman2]

I don't want to say anything about the project per se as I am not financially involved, but for the stealing identities part, I am also a victim of that here on Bitcointalk. I have seen many people use my name and my husband's to post their blog reviews and videos in media bounty campaigns to get paid but using my good name to do it. I am going to start making a list of these idiots and putting them in the META section because they need to be removed and their i.ps banned from this forum forever. As far as ICOS are concerned many are turning out to be run by scammers, which is really sad to be honest.

[Haunebu]

I personally think there is a high chance Oyster is a slow bleed scam from the DEVS. CEO is Anonymous, that is such a bad way to do business. He can dump all his coins on the market and exit scam the PRL holders without any accountability.

Why start a business and try to raise millions of dollars without anyone even knowing who you are, this is what is wrong with Crypto. If things go wrong there is a good chance he can exit scam everyone instantly.

He was trying to raise 500ml dollars at the ICO, he obviously has greedy motivations as CEO and ambitions outside of simple online storage.

The whole point of crypto is to help people stay anonymous while performing financial transactions online without any sort of interference from the government, banks etc. It is completely understandable why the CEO of PRL decided to stay anonymous and no one can hold him/her accountable for anything due to the anonymous nature of this market. I have already earned thousands of dollars through this project and I do not believe that this project is a scam inspite of the disturbing sell walls which op talked about. The current bear market has clearly hit this project hard, but I still support it.

[Womble23]

I personally think there is a high chance Oyster is a slow bleed scam from the DEVS. CEO is Anonymous, that is such a bad way to do business. He can dump all his coins on the market and exit scam the PRL holders without any accountability.

Why start a business and try to raise millions of dollars without anyone even knowing who you are, this is what is wrong with Crypto. If things go wrong there is a good chance he can exit scam everyone instantly.

He was trying to raise 500ml dollars at the ICO, he obviously has greedy motivations as CEO and ambitions outside of simple online storage.

The whole point of crypto is to help people stay anonymous while performing financial transactions online without any sort of interference from the government, banks etc. It is completely understandable why the CEO of PRL decided to stay anonymous and no one can hold him/her accountable for anything due to the anonymous nature of this market. I have already earned thousands of dollars through this project and I do not believe that this project is a scam inspite of the disturbing sell walls which op talked about. The current bear market has clearly hit this project hard, but I still support it.

That is total garbage, Crypto is not about creating businesses and having anonymous CEO's. It was originally about having decentralised economies were governments cannot just print unlimited amounts of wealth and create disturbances for the citizens in the process. Anonymous transactions is not entirely true, all records are stored on the block chain, thats why we have privacy coins now.

Don't try and use Crypto as a way to hide your identity and collect millions of dollars in ICO's to fund your business plans, and then get all altruistic about it. Who you trying to kid?

[ramini]

I am a full supporter of Oyster, buying some more PRLs and try to convince everyone that this is one of the best crypto project in the market.
Let's see what happens in the next few days when the Oyster Shell snapshot and airdrop.
I would decide to dump my PRL no matter what the price value.
This made me sad, really indeed