Hey there.

All my scam-alarmbells are ringing, but I’d like to have a little perspective because I never got into trading with crypto at all.

A friend of mine apparently put about $70k in different crypto into masscoin.vip Then there seem to have been some hijinx with mistyped adresses, and talks with support later, masscoin.vip representatives tell my friend, that they need to fork over another 10% of their holdings, so another $7k, to validate their account or something.

This has to be a scam, right? The Money is gone, and since it was put in via crypto there is no way to recover it?

  • @cyph3rPunk
    7•1 year ago

    Without even checking:

    YES. YES IT IS.

    Edit: any time you see a crypto project:

    • prioritizes funding before they even have a plan

    • have no working or novel technology/ideas

    • is simply an ERC-20 or Binance token

    • doesn’t have a GitHub page

    THEY ARE 99.99999999% of the time A SCAM.

    • @TheYang@lemmy.worldOP
      -2•1 year ago

      I mean from my glancing it seemed that masscoins exist and there was technological foundation behind that bit.
      I just thought that that broker was a scam, because of, extremely weird business practices

      • @cyph3rPunk
        6•1 year ago

        I looked them up just now. Red flags EVERYWHERE. Trust me: It is a scam.

        • @TheYang@lemmy.worldOP
          4•1 year ago

          thanks for being a second set of eyes.
          I came to the same conclusion with basically 0 experience in trading crypto.

          I just do feel bad about the insane loss, even though it was due to insane stupidity.

          • @cyph3rPunk
            5•1 year ago

            No problem.

            I don’t feel bad. There are SO many good, legitimate projects with actual, verifiable tech stacks that haven’t popped yet. The projects that target degenerate gamblers are easy to spot and this one has all of those red flags.