What happened:  Folgory exchange is offering suspiciously high profit (72% for 12 months) and on top of that there are few other dodgy things :

-Huge reported volume according to CMC, 2.4 billion USD while in the same time there is no activity in their social media channels, except twitter. They have discord channel, but there is like 100 people there, and no one communicating at all.

-Paying Ann thread bumping services. They have old Ann thread made in 2019, that was also spammed with those fake conversations, but those accounts got tagged, so they decided to make new Ann and they continued the same practice. Accounts that started thread bumping are active on another thread made by them, Liberty159, and on one more dodgy project that is also using same services, Arc Iris. Coincidence? I think not.


Folgory website:  https://folgory.com/
Archive:  https://archive.ph/EjlCD

Ann 1:  https://bt.irlbtc.com/view/5162903.msg51748365#msg51748365
Archive:  https://archive.fo/5MNVd

Ann 2:  https://bt.irlbtc.com/view/5227659.msg53888505#msg53888505
Archive:  http://archive.ph/fLawB


Proof of 72% profit in 12 months confirmed by them. I honestly doubt that can be sustainable, and legit

.



Today they made another Ann thread for IEO on their platform, Liberty159. What is interesting about that IEO is that they promise 100% profit to every investor. They claim that they will buy out all tokens for 2x price, compared to IEO price. Another weird things about Liberty159 is that they don't have whitepaper, no social media presence except Telegram group with 5 members, and website with barely any info at all. And yet they promise 100% profit.


Liberty159 Announcement thread
http://archive.fo/grzwK

Liberty159 Website
https://archive.ph/FqXuL

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tl;dr
Stay away from this if you don't want to loose money.