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Topic: [ANN] Symmetry - The Safer Cryptocurrency Fund with a Monthly Dividend. - page 3. (Read 20513 times)

newbie
Activity: 27
Merit: 0
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
newbie
Activity: 8
Merit: 0

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:

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.
member
Activity: 126
Merit: 10
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://bitcointalksearch.org/user/anayajurus-1384493
https://bitcointalksearch.org/user/ttexav-1383858
https://bitcointalksearch.org/user/grinin-1384310

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.
newbie
Activity: 2
Merit: 0
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.
jr. member
Activity: 68
Merit: 3
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://bitcointalksearch.org/user/anayajurus-1384493
https://bitcointalksearch.org/user/ttexav-1383858
https://bitcointalksearch.org/user/grinin-1384310

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.
full member
Activity: 196
Merit: 100
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?
newbie
Activity: 8
Merit: 0
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://bitcointalksearch.org/user/anayajurus-1384493
https://bitcointalksearch.org/user/ttexav-1383858
https://bitcointalksearch.org/user/grinin-1384310

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
newbie
Activity: 8
Merit: 0
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
sr. member
Activity: 532
Merit: 256
I'm confused  Huh

 Is the project fake or not ? Do I have to leave the signature?
newbie
Activity: 41
Merit: 0
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.
full member
Activity: 392
Merit: 100
Very promising project in my opinion. I liked it right away because I read the description and what the dev team plans to do in the future. If it goes that way, then we are waiting for a profit project for early investors. And I wanted to know the maximum hardcap of the project?

Blind fool, you don't see here everyone saying it's scam and you still think this is a solid project? Looool this happens when you don't read.
member
Activity: 126
Merit: 10
But I have to admit, the scam was really done professionally.

Could not agree more. Followed the chat for a few weeks, did not digged deeper because I had some time left and expected eth to drop more. Was about to invest large in it.

Also no answers back from Andrew or Vlad
member
Activity: 126
Merit: 10
Is there any possibility that they just got hacked? All of this looks really bad Undecided

if only the telegram channel was hacked. Why not respond in any other ways to communicate, like twitter, medium channel, their own website, here. After the fud broke out, they did not try to counter the arguments against, they deleted the chat and stopped responding to other channels..... this is no hack
full member
Activity: 175
Merit: 100
Luckily I only added their signature for 3 weeks and not invest any money in this scam. Sorry for all who did, but I also thought it is a real project. I was too lazy too dig deeper when checking the project. But I have to admit, the scam was really done professionally.
member
Activity: 201
Merit: 10
Is there any possibility that they just got hacked? All of this looks really bad Undecided
member
Activity: 126
Merit: 10
I just reported the first post to the moderator to take a close look and consider this a scam. I suggest we all do. There is more evidence against it than clear answers proving it legitim, have not seen one of those
newbie
Activity: 3
Merit: 0
Andrew Lewin does not answer my messages or emails either, before the rumors on Friday he did.

I think Symmetry is a scam.

I have invested 2 ETH  in 20 SYMM that I don't think are ever worth anything Sad
newbie
Activity: 27
Merit: 0
I really want to see admin's answers in this thread, is ths possible? I personally don't consider Symmetry as a scam

The team member https://bitcointalksearch.org/user/symmetryfund-1335814 who has started this thread has not logged in since Jan 26... about the same moment they stopped responding and this (most possible) scam was exposed
member
Activity: 201
Merit: 10
I really want to see admin's answers in this thread, is ths possible? I personally don't consider Symmetry as a scam
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