Friend might be getting scammed through binance
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So my friend got in touch with someone that is staking ethereum using binance. The returns this guy is quoting are insane. Roughly 20% per month with additional “bonus” ethereum.
I just wanted to know if anyone here, even someone working at binance, can say without a shadow of a doubt that this is NOT a scam. Because according to me staking ETH only yields around 4% p.a. At current rates.
Also I’ve staked coins on binance before, including eth, and never have I received a “payout” email, nor bonus anything.
So in the screen shot I provided you will see the relevant details of the “payout”, with sensitive info redacted.
My friend is getting this email forwarded to them by the guy running the scheme.
He has a bunch of his other friends who joined in as well. I asked how this can’t be a scam and he said he has already “withdrawn” his initial investment. I don’t believe my friend would lie about this.
Lastly, it someone does want to withdraw from this “pooled” ethereum staking the bonus ethereum is not paid out that month. So this incentives the group to keep their money staked.
I feel like this email is fabricated and the guy is trying to draw in as many suckers as possible before disappearing, but my friend is confident it’s legit. They even got a PI to track this guy, and the PI says everything is kosher with regards to the guys as a person, but to me this doesn’t rule out the operation as a scam though.
I appreciate any inputs guys!
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Yall are the ones keeping scammers in business. Like cmon. Who offers bonus ethereum. Who offers that high of return. Use your brain. Its the most basic scam out there and you are considering it. You put your ethereum in there you will never get it all out.
It’s a scam.
Your ‘friend’ is getting 20% of nothing. His money is gone. Sorry buddy.
It’s 100% safe, send all your money so you can help some indian scammers get a better life
Crypto Bernie Madoff?
Well if he’s truthfully gotten all his initial investment back then he should consider himself lucky and should avoid stuff like this in the future, some scams pay some people to get positive coverage before scamming new customers
That or they hope showing him it was “legit” will make him put in a lot more which they will then scam him
Why is this conversation even continuing?
Review a list of the facts:
1. Binance doesn’t work that way.
That’s it! That’s all the facts you need.
Whatever this guy is doing, whatever money your friend got, no matter how pretty his wife is…this guy is NOT staking the funds through Binance. This is obvious based on Fact 1.
If you want to buy into the Ponzi scheme, good luck with that. But there is no point continuing to ask if it can really be Binance staking. It isn’t. See Fact 1.
This seems to be an e-mail from one of those (ready made) crypto scam websites I have been looking at. Money is absolutely gone and there’s no way to be recovered. Maybe the other guy doesn’t know about it necessarily – it’s as you figured a snowball system. I’m currently investing the guy programming this stuff, if you have information on the system i’d be glad if you message me and send me the website.
It’s a scam.
There are occasional offers for 12% to 15% p.a., but only for a short period, like 3 months staking – never even for one year. And even then, there is only a relatively small number of people who could get in. It fills up minutes after opening. I’ve never even gotten to stake. I have also used ETH in liquidation pools. The returns are higher, but only if you won’t remove your ETH for a couple of years.
At the most, BETH will give you 4.1% staking p.a., not ETH.
Scam scam scam scam scam scam… scam scam.
Okay, so saying “I withdrew my initial investment” and “I got a PI/detective/buddy to check them out” are things *scammers* say, not victims. Are you sure your friend isn’t trying to rope *you* in?
It sounds like *you’re* the victim here, not him.
It looks to be that although your friend got his initial investment back, the actual scam will start when your friend will want to withdraw his “massive profits.” He will probably be asked to deposit a percentage of the profits as an unavoidable “gas fee” in order for the scammer to be able to release the full profits.
E.g – “Deposit $1000 for us to release your $12000 profits.” Your friend think that because he got his first withdrawal with no problems, that the second will come back just as easy. “Paying” $1000 to get $12000 sounds too good to pass up and even worth the risk. And then the scammer gets the payment and delivers nothing in return.
That scammer is playing the long con. For him it’s a win-win even if you take back the initial investment and then it ends there. You may even give him a good review.
Binance Thiefs
so i know a guy who knows a guy who knows a guy,
cropped screenshot with no %returns
email…
thats 3 red flags, even a legit insurance seller wouldn’t get enough attention being vague AF these days
Why the nsfw tag
I don’t get it, where he is staking his coins? On Binance or some thirdparty platform?
How can you be scammed if you stake through Binance and how the F is he getting 20% interest? It’s impossible…
Sounds like a Ponzi scheme
Binance, Coinbase all have very weak security protocols and their clients get very legit looking scámming sadly.
Be careful all.
I’ve staked bnb,bnb vault and axs.It offered and offers staking with apr from 12% to 100% at times but after a year I almost have the same amount balance
be more vigilant and trusts no one thats the only way to survive in crypto
Guys, how often do you buy Gift cards at Binance?
If it sounds too good to.be true 999999/1000000 it is