If you know someone that, like me, is trading futures in perpetual contracts on Synfutures (F), I would suggest to get your money out asap.
Following story is my interpretation of events, the protocol seemed to work fine for as long as I've used it. I've only put limited amounts of money in (<β¬500) and I've got most of it out already so it doesn't look like a scam at first. I believe it also runs deeper than my story but I just got out and I'm not looking back anymore.
TL;DR Discord mods Synfuture tried to blatantly scam me.
Here goes:
Synfutures (F) is a perpetual future contract trading protocol, allowing to go long or short on a variety of crypto coins. It was interesting to me as I am European and don't have access to Binance perpetuals (as an example).
My issue was that in order to close a position I had to always make a market order, not ideal. I went to the discord of Synfutures - General Chat and asked for advice if anyone has another way. The discord channel is kept clean with very limited organic conversations (first red flag). Usually only mods answer and not many people seem to be actively taking part in conversations. Mods usually refer the individual asking a question to open a ticket with their support ticket system, to get them out of the public eye. Afterwards, posting some links about the protocol to boost their own validity as mod.
First image is me posting the original question, getting a response from an moderator "impersonator" less than one minute after I posed my question. It is not the original reply, as I didn't see any need to screenshot it at start.
So I DM this guy (this is where I started to pick up on the red flags). And express this concern to him.
https://imgur.com/a/qkyYQnU
I do make a ticket afterwards, in the hopes of getting a different moderator (hoping it's an isolated case). Note: the initial messages how quick they were, and when I didn't buy it their responses took multiple hours.
https://imgur.com/a/xpWURH9
Changed profile name etc of the original reply.
https://imgur.com/a/gKfeeU4
Additional, same MO with others I think:
https://imgur.com/a/ud8LAAH
I'm not saying the protocol is a scam, but honestly it could be imo. I'm not saying everyone at Synfutures is a scammer, though it could be all and the same person. But this was so weird for no reason, as I was just asking for a basic feature of the protocol and it turned out like this. Up until then I was very enthusiastic about Synfutures, but yeah now I took my money out and I'm not looking back.
Keep yourself safe hombres.
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