Storiqa (STQ) BAIT AND SWITCH scam! Possible PHISHING scam No support!

akamit

hero member

Activity: 1498

Merit: 596

Quote from: logfiles on June 13, 2020, 06:21:50 PM

Things don't seem so good mate.
First, HitBTC is a scam exchange itself.
Secondly, you have to swap 10,000 STQ for 1 SWYFT as someone pointed out above my first reply. That means your 34k STQ will be equivalent to approximately 3.4 SWYFT Grin

1 SWYFT is currently worth $0.16. The total won't even buy you beer or Tea in a third word Country

Thanks for the info mate.

Yeah, I agree, Hitbtc is one of the greatest shit exchange in cryptoverse. I don't use it, joined at that time for storiqa, and one of my other token.

Well, the good thing is whatever amount I have invested (I don't remember the exact figure) is now a little over $0.54... It was really a bad investment... No worries, life means to move on.

#BeSafe

logfiles

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Activity: 2170

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Quote from: akamit on June 12, 2020, 08:40:28 PM

I had over 34k and the fee was over 34k, so I left it for hitbtc as for their one of the dinner item.

Anyway, is there any improvement after the swap or it is still as shit as before? And is the swap still ongoing? Give me some good news lol so that I can trash this trash. haha

Things don't seem so good mate.
First, HitBTC is a scam exchange itself.
Secondly, you have to swap 10,000 STQ for 1 SWYFT as someone pointed out above my first reply. That means your 34k STQ will be equivalent to approximately 3.4 SWYFT Grin

1 SWYFT is currently worth $0.16. The total won't even buy you beer or Tea in a third word Country

akamit

hero member

Activity: 1498

Merit: 596

Quote from: logfiles on June 12, 2020, 05:48:24 PM

Quote from: bitcoinXavy on June 11, 2020, 08:13:16 AM

STQ REBRAND AS SWYFT. THEY SWAP 10000 STQ FOR 1 SWYFT. MAKE MARKET SMALL AND THEN DUMP MORE EVERYDAY. MIKE HARVARD IS NEED TO BE TAKEN TO COURT. PLEASE HELP US.

The rebranding actually started happening in November last year.
I must admit i participated in their ICO and has over 100,000 of STQ tokens but i was fortunate to sell them off before things fell apart. This is one of the scam ICOs I am not proud to have participated in.

I stopped following this shit coin a long time ago - and never heard of their swap game.

Yes, you did exit at the right time and did a wonderful thing but I was not lucky enough to exit and I'm still hodling this coin at hitbtc.
IIRC, then I was not able to withdraw the coin because of the fee. I had over 34k and the fee was over 34k, so I left it for hitbtc as for their one of the dinner item.

Anyway, is there any improvement after the swap or it is still as shit as before? And is the swap still ongoing? Give me some good news lol so that I can trash this trash. haha

logfiles

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Activity: 2170

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Quote from: bitcoinXavy on June 11, 2020, 08:13:16 AM

STQ REBRAND AS SWYFT. THEY SWAP 10000 STQ FOR 1 SWYFT. MAKE MARKET SMALL AND THEN DUMP MORE EVERYDAY. MIKE HARVARD IS NEED TO BE TAKEN TO COURT. PLEASE HELP US.

The rebranding actually started happening in November last year.
I must admit i participated in their ICO and has over 100,000 of STQ tokens but i was fortunate to sell them off before things fell apart. This is one of the scam ICOs I am not proud to have participated in.

bitcoinXavy

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Quote from: plastick on August 08, 2019, 07:50:12 PM

Well now we KNOW it was a scam. Storiqa disappeared with all investor funds. What I find incredibly suspect is the fact they were emailing everyone who had an account on the site asking for personal details right before they disappeared. What are they up to with all this information?

Also check this out, class action lawsuit against Storiqa.
https://ico-class-action.org/class-actions/storiqa

STQ REBRAND AS SWYFT. THEY SWAP 10000 STQ FOR 1 SWYFT. MAKE MARKET SMALL AND THEN DUMP MORE EVERYDAY. MIKE HARVARD IS NEED TO BE TAKEN TO COURT. PLEASE HELP US.

plastick

member

Activity: 203

Merit: 30

Well now we KNOW it was a scam. Storiqa disappeared with all investor funds. What I find incredibly suspect is the fact they were emailing everyone who had an account on the site asking for personal details right before they disappeared. What are they up to with all this information?

Also check this out, class action lawsuit against Storiqa.
https://ico-class-action.org/class-actions/storiqa

CreateCrypto

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Merit: 0

Identity phishing SCAM.

cjmoles

legendary

Activity: 1176

Merit: 1017

Quote from: putincoin on February 21, 2018, 04:02:29 AM

okay, but you ignored the remaining 4 of the reasons... and if you dig the interwebs I bet you can find more.

Btw, didn't they outsource the KYC?

I am not afraid of ID theft (one of the rare uppers of being a citizen of a 3rd world country, sigh...) and I submitted right away so I am a little ignorant here.

This is the problem. KYC/AML is required when we interact with the regulated FINANCIAL INSTITUTIONS, i.e. when we use a credit card, bank transfer, check...etc. Storiqa's ICO did not interact with any FINANCIAL MARKET....we were not allowed to use a credit card, bank transfer, check...etc to purchase the Storiqa token. So, there is absolutely no reason for them to be requesting KYC....our bank accounts were in no way connected to the purchases. When we do interact with a regulated FINANCIAL INSTITUTION, then that institution will request KYC ---> not some random anonymous entity hiding behind a cloudflare proxy ---> an insured or bonded, regulated, and licensed FINANCIAL INSTITUTION. Do you see the problem?

And, no they didn't fully outsource the KYC---> our information first goes thru the "Storiqa" site (https://www.scamadviser.com/check-website/tokensale.storiqa.com), then from Storiqa to "ICObox (https://www.scamadviser.com/check-website/icobox.io), then from "ICObox" to (PRESUMABLY ---> because that's what they TELL US) to "Onfido" (https://www.scamadviser.com/check-website/onfido.com). So, all three of those sites have access to our information....AND two of the three are flagged "HIGH RISK!"

What if they used your information to open accounts to launder money to sanctioned countries or terrorists? Then, you would be the person indicted and held to answer in court....see the problem?

putincoin

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okay, but you ignored the remaining 4 of the reasons... and if you dig the interwebs I bet you can find more.

Btw, didn't they outsource the KYC?

I am not afraid of ID theft (one of the rare uppers of being a citizen of a 3rd world country, sigh...) and I submitted right away so I am a little ignorant here.

cjmoles

legendary

Activity: 1176

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Quote from: putincoin on February 20, 2018, 03:34:55 PM

Fair enough. Totally understandable.

....... BUT .............

Then, why does KYC exist in the first place? I mean, isn't it the US government made it mandatory?

From the below article:

" the US Securities and Exchange Commission (SEC) is reportedly preparing to prosecute ICOs which are held without KYC procedures. "

" cryptocurrency exchanges are beginning to exclude cryptocurrencies that did not properly implement KYC processes "

https://www.ccn.com/five-reasons-kyc-crucial-ico-investment/

Etc. Etc...

So, who is to blame here Storiqa or the US legislation?

(I agree that they should have told it before and they plain lied about it later, although I don't think they had bad intentions, it was a screw up)

When regulated financial institutions are involved then KYC/AML may be required; for example, if we used our credit card, made a bank transfer, or sent a check to purchase tokens from the ICO, then KYC may be required. Those funds are regulated and insured....But when we use a cryptocurrency to purchase cryptocurrency from an anonymous unregulated market hiding behind a cloudflare proxy, then that's not protected, nor regulated.

To be sure! ----> "Investors should understand that to date no initial coin offerings have been registered with the SEC. ~~The SEC also has not to date approved for listing and trading any exchange-traded products (such as ETFs) holding cryptocurrencies or other assets related to cryptocurrencies.~~[2] If any person today tells you otherwise, be especially wary." (citation: https://www.sec.gov/news/public-statement/statement-clayton-2017-12-11)

putincoin

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Fair enough. Totally understandable.

....... BUT .............

Then, why does KYC exist in the first place? I mean, isn't it the US government made it mandatory?

From the below article:

" the US Securities and Exchange Commission (SEC) is reportedly preparing to prosecute ICOs which are held without KYC procedures. "

" cryptocurrency exchanges are beginning to exclude cryptocurrencies that did not properly implement KYC processes "

https://www.ccn.com/five-reasons-kyc-crucial-ico-investment/

Etc. Etc...

So, who is to blame here Storiqa or the US legislation?

(I agree that they should have told it before and they plain lied about it later, although I don't think they had bad intentions, it was a screw up)

cjmoles

legendary

Activity: 1176

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Quote from: putincoin on February 19, 2018, 09:21:03 AM

Whatever you do don't sell the coins until 2019 until the full release of the product.
There may be even people who deliberately spread FUD to collect the token dirty cheap, who knows?
There were haters right from the beginning like thehackingteam (who is a scam itself!)
Besides,the CEO Ruslan is very aggresive about this business. I think he can make it. We saw he will do whatever it takes to make this happen.
This may be silk road v2 maybe who knows?
A marketplace where knockoffs that cannot be sold at ebay or amazon are freely sold, maybe Wink

-don't underestimate this, it is a multibillion market!
The idea is nice, the development team is very good, management is aggressive & capable, and they have more than enough cash to make this happen.
So, why not?

"So, why not?" ----> Could you really imagine Ross Ulbricht building a KYC/AML database for everybody that used his site! Wow! That would've been absolutely brilliant! Man, these Russians do know what they're doing, huh?

The elephant in the room here is that the Russians cheat at everything they do (https://www.youtube.com/watch?v=3eO8ZHfV4fk&feature=share ) ....it's part of their culture. Now it's being exposed that the Russian GOVERNMENT has been phishing for identities and using those stolen identities to attack the West (https://www.wired.com/story/russian-trolls-identity-theft-mueller-indictment/ )(https://www.justice.gov/file/1035477/download )

What part sounds good again about giving your sensitive personal information to an anonymous entity which is also hiding behind a cloudflare proxy and located in a country whose government actively engages in identity theft? Add to that the fact that they've already been caught TWICE using stolen identities and we can conclude that there is an extraordinarily brilliant community handing over their personal information to these people.

Okay, I'm in ---> but I do not have access to the internet so can I have a residential mailing address to send my "stuff?"

putincoin

newbie

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Whatever you do don't sell the coins until 2019 until the full release of the product.
There may be even people who deliberately spread FUD to collect the token dirty cheap, who knows?
There were haters right from the beginning like thehackingteam (who is a scam itself!)
Besides,the CEO Ruslan is very aggresive about this business. I think he can make it. We saw he will do whatever it takes to make this happen.
This may be silk road v2 maybe who knows?
A marketplace where knockoffs that cannot be sold at ebay or amazon are freely sold, maybe Wink

-don't underestimate this, it is a multibillion market!
The idea is nice, the development team is very good, management is aggressive & capable, and they have more than enough cash to make this happen.
So, why not?

akamit

hero member

Activity: 1498

Merit: 596

Quote from: Wael613 on February 18, 2018, 10:19:05 AM

Hey,

I got my tokens and a lot of people are saying it will do well.

Hopefully they fix everything and price moves up.

Quite alarming tho

I also received my STQ a few days ago.
Everything was fine until the end of ICO, but when they forced about kyc suddenly after the kyc I became somewhat upset.
For me, that is unprofessional, because if you want kyc then you need to start it from the beginning but not after completing the ico successfully.

Now I'm waiting for March when STQ will be listed in exchanges, and I hope STQ will be a success after whatever happened.

Wael613

newbie

Activity: 35

Merit: 0

Hey,

I got my tokens and a lot of people are saying it will do well.

Hopefully they fix everything and price moves up.

Quite alarming tho

cjmoles

legendary

Activity: 1176

Merit: 1017

"An-n-n-n-n-d,.... it's gone!"

Investing in Storiqa: https://www.youtube.com/watch?v=3DQndGpd1qM

plastick

member

Activity: 203

Merit: 30

Has anybody else failed to receive their referral bonuses to their account?

Chufas

newbie

Activity: 16

Merit: 0

Yes, it's fishy.

They haven't gone to the Bahamas yet because they're still collecting our data in order to a) use those data to formalize online loans in our name b) sell them to the ones that will.

By the way, I've been trying to add this token to my Coinomi wallet and it gave an error: "wrong decimals". Any ideas?

UltraOinq

newbie

Activity: 5

Merit: 0

i don't know about this....its so fishy....
Even their form doesn't seem secure...
if they had ask for any document with picture and selfie i might show name and pic, but all that data?
Even some orders online don't get that much data from me...

Chufas

newbie

Activity: 16

Merit: 0

So, I have bought 8000 tokens. I was just waiting for them to be sent to my ethereum wallet.

This is all new to me. What actions am i suppossed to take?

Where must I go in order to receive my tokens?

I have no intention to give any personal information.

Well, fortunately I didn't invest much.

Topic: Storiqa (STQ) BAIT AND SWITCH scam! Possible PHISHING scam No support! (Read 1228 times)