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I have some balances in Spire-X wallet (https://spire-x.com/) got from participating in airdrops and referral campaign. Now they demand to deposit an amount in their specific addresses for activating withdrawal option. But the suspected matter is that they have disabled all their social media like facebook, twitter etc. They have also inactivated the response in telegram contact.

In this circumstances, should I deposit in Spire-X wallet? Your valuable opinion and suggestion are highly appreciated. 

I've recently commented on a thread with the same condition. They are also asking the guy to deposit so that they can release the payment. (https://bitcointalk.org/index.php?topic=5244774.msg54362329#msg54362329)
It is obviously a fake requirement. And with those clues you've got that they have deactivated their accounts, they're about to do an exit scam.

No !

There have many giveaways using this method to try scam other people when we need to deposit some money for activity the account, bot or anything else so we can withdrawal the token from them. However, 80% a platform who need to do some task like this is a scam creating a token was pretty easy you also can do copy-paste some source code token creation.

No activity on all their social, already gives u a sign the platform was already abandoned and potentially turned to scam.

There have been reports of suspicious activity from this project team even the bounty manager himself reported that this projects seems scam so now if you still want to deposit then do it if you want to lose your funds, once suspicious activity is confirmed we should refrain from using or even giving our details to such a project.

Absolutely not, you should not deposit in the SPire-X wallet. As you above mentioned, if they want to demand to deposit for activating your withdrawal option, you must wake up. There are a lot of ways to steal your money, it is just one of them. Don't rely on them. There are a lot of members, who have fallen into scams such as this way. We must try staying away from them, it was really great for you to get some information about this wallet, on the another hand you lose money.

The project is scam no doubt, don't let it just end here, any project that ask for deposit to make a withdrawal is 100% a scam attempt, do not fall for such trick, be realistic, nothing comes easily and nothing is free

I can't access the website.
But from your explanation it seems like this is a scam project, it is not possible if the right project will break its relationship with its customers.

No this is a new platform I will accept it if it was an old platform with built reputation already but its not. The fact that they absence of response is they are avoiding a communication and clarification. There is an accusation of this project already on scam section. Dont be fool by their method. This is not the first time a platform with that style.

Spire-x introduced a bounty campaign some weeks ago and smart bounty hunters detect that this project is a scam project, it wasn't long that a scam accusation topic was opened about this spire-x. Please be smart, any project that ask for deposit should be ignore

As expected they will ask money for the rewards. Not new, there is a scam accusation on this project. https://bitcointalk.org/index.php?topic=5248490.0

I dont know why hunters are pushing their luck to too good to be true rewards. As if they dont find it suspicious the amount of reward that will be received for a very easy task.

Don't you think it's a trap?
You are telling yourself that their social media accounts are not active (totally exit scam).
It should be remembered that no airdrop or bounty demands payment from you until they do not intend to scam.

You should not send any amount on the address they are telling you to send money. This is the last resources they want to claim before finally abandoned  the project.


Removing the social media channel they own means they don't want to continue it anymore and planning  to run all of the money they collected.

Its the same scheme use by popular cloud mining investment before.

He wants to make sure that he's not going to fall. It's good that he has asked this before making decisions.
Although it's really obvious that it's a scam, he seek help first and suggestions of everyone. There's not that much review with that scam although there should be some of it like this.
(https://cryptotalk.org/topic/104989-spire-x-is-scam/)

Before making any decisions in crypto space always use this forum at your advantage, go to scam accusations thread and you will see many new projects that are scammed or revealed as scam projects, safe yourself from grave mistakes

Don't even if it's not a scam. don't trust apps or other websites on storing your coins. There are wallets out there that looks legit but when they reach their initial goal they will do an exit scam. If i we're you buy a ledger which you only have access with. But still when you are using App wallets. Be aware. Your information is stored in their servers which people can steal.

Spire-x wallets? Never heard anything like that.

How do you come to know about such a wallet? Who recommended you to use it? Is this open source based? Do you have github links for this wallet?

Anything/person demanding to deposit some money then they cannot be having any differences from kidnappers. Shout down all the social media must be a sign that you already got scammed. I am not seeing any possible methods to recover your coins/tokens even you have saved any passphrases if that wallet provided you already.

If that wallet is open source based and you have seeds passphrases then there could be some chances for recovering your balances.

You may watch your addys on explorer; those scammy people might be working on moving your tokens/coins already.

Do not trust any new crypto wallet unless you see good reviews about the wallets, we have enough crypto wallets already that are trust worthy like atomic, trust, coinomi wallet, use popular wallets instead

Even good reviews can be manipulated others pay for positive review just to entice more people, Web wallet is the most dangerous place to store your digital asset. if they are asking you for a deposit just to get your own funds out its clearly a scam.

Deposit in this case, I guess it refers to depositing another coin like BTC or ETH so that it will trigger the withdrawal options, that's funny and looks fraudulent to me. And to confirm they aren't truthful, why disabling all social media accounts and also deactivating response in telegram so that no one will ask them tactical questions. Moreover, I don't even know the worth of this coin nor how sure you are that after depositing that they will activate the withdrawal options? In my own opinion, I think it's best you move on, they don't look or act genuine.

There are many wallets like spire-x that are scammers wallet, once you keep your private keys they will have access to the keys too and when you make big deposits on the wallet your coins will disappear 

Scams are sometimes easily detected but some people wants to make unrealistic reality to come true, they are in hurry to double their coins, any wallet or app or even airdrops that ask you to make deposit first it's definitely a scam

Beware of the following in crypto world

1. Unofficial wallets
2. New wallets
3. Projects and giveaways that ask for deposits

What you don't know is scammers are more interested in what you are asked to send first e.g ( your coins, BTC, ETH) than doubling your coins for you

If indeed you are suspicious of fraud, it is better if you do not make a deposit. Maybe the other party responds to your question. Don't waste your money on platforms that don't have clarity.

if social media is not active then don't do it because this is clearly a scam, they are ready to take away all the money they get from some people who make payments

I think it's better to not have to make a deposit because many cases like that often occur, they ask you to make a deposit of a few $ and so on will make you confused and try to make you a deposit again.

Don't make deposits when you are asked to, it's a complete scam, I don't know how people fall for this cheap tricks, greediness is what makes people send money to others hoping to get double in return.

Spire-x wallet is already labelled a scam project, people don't still understand the importance of scam accusation section on this forum, the section have safe me few times before, some projects that looks legit to you might be labeled as scam in scam accusation section, make sure you visit often..

This is because bounty hunters do not want to spend time studying the project they have decided to participate in. Although a little study of Spire-X could make it clear that this is a common Ponzi scheme that offers unrealistic interest on deposits. In addition, the domain https://spire-x.com/ doesn't work anymore.

This is a common trick by scammers, good thing you posted it here before trying to deposit. Given that they disable their social media most importantly telegram, it is very suspicious and you can tell there is something wrong with it. If you can tell how much amount of deposit they are requiring? if it's something like 1 satoshi or similar it does not matter if it is a decent amount or at least $1. If they scam like 1000 people they can have a decent amount so better stay out of it.

Shutting down their social media channels is already a red flag. Do not deposit anything from that platform, listem to these gentlemen’s advice. Obviously their intentions is not good, AFAIK they conducted a bounty campaign but later on aborted by the manager and labelled them scam.