Unashamed of the Theft
Green Figures was a defi ROI app that supposedly utilized bot trading to generate rewards for investors. The platform was run by “Mo” AKA “Mohammed”, and there was another name he went by which I now forget. Mo ultimately closed the platform with around $1.3 million of investors’ money still locked up.
George, from George Stamp AKA The Stamp, was also on the team. His complete role is not entirely clear; whether he had a stake in the project or if he was just there in an advisory role I’m not sure. What is clear is that he gave the platform his stamp of approval and that Mo is doxxed/known to him.
Other recent rugpulls include Summit Ventures, Pepper Attack and Delta Ventures.
Generally I consider myself pretty restrained and calm when it comes to commenting publicly about scammers and rugpulls, but not everyone has that approach. Throughout this article I’ll include some more pointed comments from other investors in the Green Figures Telegram chat; some of them are quite brutal, but I have zero sympathy for the rugpullers.
The reason I titled Green Figures as a “drawn out” rugpull because Mo’s story kept changing; first he claimed the brokers halted the withdrawals, and he closed the chat due to investors asking for more details, then he admitted he lost the funds on bad, manual trades.
Then he tried to pitch his new investment scheme, to the very investors he had just scammed!!
He reopened the chat and tried to play the victim, which seems to be written in stone in the scammer’s playbook, even claiming mental illness just like every other recent rugger.
He received so much abuse that he closed the chat again.
I requested my withdrawal from Green Figures before the rug was obvious and the website stated I would receive my funds within eight days. Mo also promised he would refund investors who weren’t able to claim their withdrawals. It has now been 47 days since my claim and still have not received a single cent.
If you invested in Green Figures, I would suggest you revoke access to your wallet, there are many apps out there that can do it, but you need to be careful as scammers have started setting up fake ones as well. The one I have been using successfully lately is unrekt.
You can read about other defi scams here.
We all know that defi is risky, please be as careful as you can.
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Disclaimer: This is not financial advice, the information in this article is for educational purposes only. Never invest what you can’t afford to lose. I disclaim any liability or loss incurred by any person who acts on the information, ideas, or strategies discussed in my articles. Do Your Own Research.