Folgory exchange, the biggest scam ever !!!!

[Mythodea]

Alert alert, Folgory Exchange is the biggest scam exchange in history. They have stolen coins out of the users account and after that they banned their accounts. They never respond in ticket supports. They deny the withdrawals. They have deleted from their website the sepa transfer option. The whole exchange is managed by only 5 people. One of them is facing criminal issues from Italian Justice since 2014.
These guys are scammers. I don't know if they are regulated and licensed from Estonia as they claim cause they deleted also the No of their licenses.
I've searched on the internet and i found a lot of complaints regarding Folgory's attitude.

[1715072563]

1715072563

[1715072563]

1715072563

[1715072563]

1715072563

[1715072563]

1715072563

[makishart]

My friend was also getting scammed by falgory too and he never tried to use this exchange site again. If you have enough proof and then that will be a very good thing to open the scam accusation thread in this forum too.

All of the volumes were fake and this exchange site is the same like p2pb2b exchange site which was using the bot to attract the buyers or users to use the scam exchange site called falgory coins.

Everyone should avoid to use this exchange site.

[Kupid002]

It will help if you will also warn other members of this forum about the scam of this exchange .

You can post it in thier announcement thread which is here https://bitcointalk.org/index.php?topic=5162903.80 . Tell them everything that you experience with this exchange .

Also I found that  they already recieve negative trust for the investment offer in thier platform way back February this year. You can check it in the OP.

[sangjoewara]

Previously, thank you for providing good information, because I have never even heard of this Folgory Exchange and this is the first time I have heard of it to you, so if this bad thing really happened to this Folgory Exchange then at this time I will also be aware of it, because honestly I have never used an exchange that has a low reputation like the Folgory Exchange that you are talking about.

[Mythodea]

The bad thing is that Folgory is on the top-20 CMC's list and many traders like me go over there because of that.

Previously, thank you for providing good information, because I have never even heard of this Folgory Exchange and this is the first time I have heard of it to you, so if this bad thing really happened to this Folgory Exchange then at this time I will also be aware of it, because honestly I have never used an exchange that has a low reputation like the Folgory Exchange that you are talking about.
[/quote]

[Jawhead999]

My previous topic got deleted in your another thread, so I will move my post here:

How many more thread you want to create about folgory exchange? https://archive.vn/3B77A

Anyway folgory exchanges has been scam many times in the past, you can check how many accusation against folgory:
https://bitcointalk.org/index.php?topic=5226084.0
https://bitcointalk.org/index.php?topic=5196310.0
https://bitcointalk.org/index.php?topic=5227706.0
https://bitcointalk.org/index.php?topic=5262268.0
https://bitcointalk.org/index.php?topic=5227659.0

The bad thing is that Folgory is on the top-20 CMC's list and many traders like me go over there because of that.

Don't trust, verify
Get listed in the top 20 or 10 or 3 doesn't mean the exchanges is trusted and reliable. CMC has listed many shady exchanges who manipulating the trading volume [1] You can compare each site and do own research before use it.

Lower left move this topic to scam accusations section.
[1] https://bitcointalk.org/index.php?topic=5124830.0

[Mythodea]

Yeah, i've received an email about that. i think that we have to inform traders about Folgory to all social media, these guys are really awful.
My previous topic got deleted in your another thread, so I will move my post here:

How many more thread you want to create about folgory exchange? https://archive.vn/3B77A

Anyway folgory exchanges has been scam many times in the past, you can check how many accusation against folgory:
https://bitcointalk.org/index.php?topic=5226084.0
https://bitcointalk.org/index.php?topic=5196310.0
https://bitcointalk.org/index.php?topic=5227706.0
https://bitcointalk.org/index.php?topic=5262268.0
https://bitcointalk.org/index.php?topic=5227659.0

The bad thing is that Folgory is on the top-20 CMC's list and many traders like me go over there because of that.

Don't trust, verify
Get listed in the top 20 or 10 or 3 doesn't mean the exchanges is trusted and reliable. CMC has listed many shady exchanges who manipulating the trading volume [1] You can compare each site and do own research before use it.

Lower left move this topic to scam accusations section.
[1] https://bitcointalk.org/index.php?topic=5124830.0
[/quote]

[Raflesia]

My friend was also getting scammed by falgory too and he never tried to use this exchange site again. If you have enough proof and then that will be a very good thing to open the scam accusation thread in this forum too.

All of the volumes were fake and this exchange site is the same like p2pb2b exchange site which was using the bot to attract the buyers or users to use the scam exchange site called falgory coins.

Everyone should avoid to use this exchange site.

There have been lots of threads about the Folgory exchange scam and this proves that their exchange is very shady so I thought before using the exchange it is better to take a look at the fraud accusations board and it is clear that this is a lot about the negatives of this exchange so I will avoid it even if their volume looks good. Maybe it's a bot you say right.

[Mythodea]

Obviously is a bot but Folgory's guys have took it so far, they have stolen the coins from users. Their balance now is 0. And they don't respond to ticket supports. They are criminals.

My friend was also getting scammed by falgory too and he never tried to use this exchange site again. If you have enough proof and then that will be a very good thing to open the scam accusation thread in this forum too.

All of the volumes were fake and this exchange site is the same like p2pb2b exchange site which was using the bot to attract the buyers or users to use the scam exchange site called falgory coins.

Everyone should avoid to use this exchange site.
[/quote]
There have been lots of threads about the Folgory exchange scam and this proves that their exchange is very shady so I thought before using the exchange it is better to take a look at the fraud accusations board and it is clear that this is a lot about the negatives of this exchange so I will avoid it even if their volume looks good. Maybe it's a bot you say right.
[/quote]

[Mpamaegbu]

What a pun, Folgory sounds like forgery and I don't joke with words that look suspicious. I strongly believe in the implications of words. If I must trust an exchange with my money and data, it better not sound funny and suspicious. Users should always check and read up on the Scam thread here before making any investment choice. Sometimes they're saved the headache if they get to find out there's already a scam accusation hanging on the site they intend to register with. Doing one's research ahead has always been a fertile engagement. DYOR, always!

From the look of things, Folgory Exchange has had several scam reports on it. The OP shouldn't have missed it.

[el kaka22]

Obviously there will be these type of places and they will continue to scam people because people want to trade in places others do not and want to be different I suppose. I mean when there are places like binance and kucoin and what not, picking folgory or whatever (first time I am hearing about them) makes no sense at all, and putting up your own money in there because they had a certain coin paired with eth or whatever makes zero sense because you are giving away money if you use them.

So, anyone who doesn't use the trusted and established coins are basically throwing their money away, there is no other explanation on why else anyone would ever want to use an exchange that barely anyone has ever heard about over places like binance.

[timmmers]

I have about 20 USD on Folgory exchange and I can´t withdraw it since you need KYC verification even for 20USD. I do not trust them enough and I will never send any exchange my ID for 20USD. All exchanges should warn before you create an account that for every withdrawal you need KYC verification. It is interesting that deposit are allowed. 

[Inkdatar]

Glad I have no folgory account actually there are many scam these days. And will still continue on doing these kind of scamming people. Well, thanks for the heads up, a lot of exchange actually lurking in the social media that promotes their new exchange and offer giveaways so this is also an awareness to those who use this exchange that it's a scam.

[posi]

Alert alert, Folgory Exchange is the biggest scam exchange in history. They have stolen coins out of the users account and after that they banned their accounts. They never respond in ticket supports. They deny the withdrawals.

Your account registration shows that you have joined this forum since the year 2018 which i believe you should understand by now that every accusations make on this forum require an evidence.

They have deleted from their website the sepa transfer option.

They have been accused for shady things and scam but that doesnt prove they scam you cause they can remove any payment option that seems to be against their own regulation mind you kraken did the same before they later applied for SPDI bank charter permit.

The whole exchange is managed by only 5 people. One of them is facing criminal issues from Italian Justice since 2014.

An exchange been managed by 5 people doesnt matter if the 5 can handle the work perfectly and the issue of a member of the team facing criminal is a strong accussation but still not back with evidence.

These guys are scammers. I don't know if they are regulated and licensed from Estonia as they claim cause they deleted also the No of their licenses.
I've searched on the internet and i found a lot of complaints regarding Folgory's attitude.

They are licensed exchange from Estonia, the exchange and whitex.exchange belong to  same people. Please move this thread to scam accusation section

[jacafbiz]

I still do not understand why some people feel comfortable using all these scam exchanges, there is no incentives they can offer that would make me use such exchange, there are many good centralized and decentralized exchanges so what makes you think a new exchange can perform better than them. I have no sympathy for you because I feel you only have yourself to blame

[Shallow]

To be serious, I find it extremely hard using most small exchanges because they can cook up anything and make away with users funds and most times nothing will be done about them. I would suggest people be mindful of all these exchanges without good reputation because the team cares about nothing but themselves. It is not as if new exchanges can not grow but what actually is the essence of having countless exchanges struggling to grow while top exchanges are busy breaking new boundaries hence making the competition even tougher. Well, any project not listed on good exchanges, I hardly count them as being serious.

[SireKhay1]

I think something should be done to this, Maybe an associate or whatever that will curp the issue of scam exchange site. Like every exchange must be registered before they can be assigned as a verified exchange site. JUST A suggestion tho.

[Mythodea]

Here in this case, we don't talk about fake volumes or such things. Here we are talking about common thieves, Folgory guys just took the coins from the users, it's crazy. It's really is.

To be serious, I find it extremely hard using most small exchanges because they can cook up anything and make away with users funds and most times nothing will be done about them. I would suggest people be mindful of all these exchanges without good reputation because the team cares about nothing but themselves. It is not as if new exchanges can not grow but what actually is the essence of having countless exchanges struggling to grow while top exchanges are busy breaking new boundaries hence making the competition even tougher. Well, any project not listed on good exchanges, I hardly count them as being serious.
[/quote]

[24Kt]

To be serious, I find it extremely hard using most small exchanges because they can cook up anything and make away with users funds and most times nothing will be done about them. I would suggest people be mindful of all these exchanges without good reputation because the team cares about nothing but themselves. It is not as if new exchanges can not grow but what actually is the essence of having countless exchanges struggling to grow while top exchanges are busy breaking new boundaries hence making the competition even tougher. Well, any project not listed on good exchanges, I hardly count them as being serious.

This is a good warning to potential users of this exchange.  I have seen one new project that are currently running their bounty program that they are listed in this exchange. I will post the link of this thread in their thread so their traders will have a heads up before using this shady exchange.

[livingfree]

Yes, it seems a scam and there were a lot of threads made about it.

I don't use this exchange and I oftenly surprised by those people that have been sharing some experiences how they've come up with such exchanges.

Still this is a good warning and advise if someone isn't aware of it.