I've been a member in Bitcointalk for a very long time, and I've never ever posted any scam accusation here because I know the implications of posting a scam accusation - it could hurt a business so badly and posting an accusation is not something I take so lightly.
However, with this specific business - I have no shame whatsoever in telling you the details behind the scenes, especially as I take into account the fact XPetroleum is currently "employing" so many people to run signatures and tweets for them - and the poor people who are doing it are not even aware of the scam (to be honest I did promote them initially as well) - this is their bounty thread by the way:
https://bitcointalk.org/index.php?topic=5100036.0So why is this a scam?
On
February 20, 2019 I was approached by Samuel on Telegram who offered me to buy some tokens from XPetroleum with a 100% bonus, so I bought 220 XPL for $15, quite a small amount (it was for 110 XPL tokens, with a 100% bonus = 220 XPL).
Later on Samuel messaged me:
İf you invest again 0.5 eth , you will receive 1100 XPL (worth of 165$ USD)
I refused to participate, later on he sent this:
If you invest 0.5 eth , you will receive 5000 XPL tokens (worth of 750$ USD) .
This was already raising a
red flag - why would the company be selling so many tokens with a huge % of a bonus? What's the motive behind it?
1 Day Later (
February 21, 2019) - he then offered
11,000 XPL for 0.5 ETH (10 times than what he offered the day before)....
February 25, 2019 - he sent me this:
If you send 1 eth to same address (0xe79e288057D9AfbAFbCd764C895946982B7BB056) , you will receive 33,000 XPL tokens + Ethereum mining rig 360 mh/s.
I didn't have time to be busy with it for personal matters.
March 4, 2019
He offered me 99,000 XPL tokens for 1 ETH !!I felt this is already a pure scam but I wanted to ride the wave, I did get my tokens, I got 100,000 XPL tokens instead of 99,000 (already feels the 1,000 extra tokens are like "on the house", who cares from their end, it's worthless anyway).....
March 13, 2019 (Yesterday):
Samuel (who by now already removed his avatar from Telegram) - sent me the following:
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FNIDs2p1.png&t=665&c=TCbLpQDoBp8Sjw)
Basically for the price of 1 ETH I would be entitled to supposedly exchange the XPL tokens I hold before anyone else can - and sell it to BTC or ETH etc. Did I ride with the wave on this one? I did ... somehow I wanted to go through the entire rabbit's hole.
The only thing I got back was excuses and wasting of hours getting nowhere, there was no private link to exchange the tokens and he only asked for additional 0.5 ETH to get things "confirmed" but nothing really happened.
Samuel even told me to deposit the 120,000 XPL tokens into my ETH wallet with OKEX.com, he said it's safe - I did it, got nothing, nothing showed up in OKEX, I told him OKEX clearly states in their site:
ETH address only accepts ETH deposit. Any other assets deposited to ETH address will be irretrievable.
He said it's fine and to proceed.
He then sent me 150,000 XPL tokens for "free":
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FNjAwd5Y.png&t=665&c=kHizVOUN_sfJ_g)
This is when I realized if these guys send out their tokens just like that - then these tokens are 100% worthless.
They have no intention of listing their tokens anywhere, and worst of all - some people are promoting them with signatures etc. and they don't realize they would only get (if they do) - worthless tokens in the end!
Proof that I received XPL tokens - this is my wallet:
https://ethplorer.io/address/0x0fbad273b55d8c88e9ae188efe43546cbc30813fPlease stay away from this one!
As soon as Samuel realized I know it's 100% a scam he also kicked me out of their Telegram group without me posting anything bad whatsoever, he was worried about other people finding out, so he is not a moderator here and I call everyone to spread the word!
Conclusions:
1) XPL Tokens are worthless, have no value whatsoever.
2) The LinkedIn profiles in their website XPetroleum.com are 100% fake profiles.
3) This is not a real company but a scam.
4) I highly doubt they would even list their tokens anywhere.
Please inform anyone you know to cease and stop working with XPetroleum or anything related to them immediately.