Bitcoin Forum

What happened:: The user took 400$ BUSD from me for a maximum of 1 month which has passed and I have tried to communicate but no response. Also, the user is offline after the loan has been taken.

Scammers Profile Link: https://bitcointalk.org/index.php?action=profile;u=2548375

Reference Link: https://bitcointalk.org/index.php?topic=5030169.msg62261966#msg62261966
Amount Scammed: 400$ BUSD
Payment Method: BUSD
Proof of Payment:
https://img001.prntscr.com/file/img001/Gfu_RHDJR2SB2AO-ZRNPLw.png
Flag: https://bitcointalk.org/index.php?action=trust;flag=3187

Reserve

Too bad that every now and then cases like this appear. I hope that despite the financial damage the lending business will continue to be profitable for you, as there were people in the past who were in the business and left it precisely because the defaults left them in losses or with so little profit in total that it was not worth all the work.

Flag supported btw.

He's a user from my local board who (I think only him) was active on collectibkes and auctions boards. I'd rather guess that there are obstacles in his real life than deliberately refuse to pay off the loan.
Just my assumption, don't know the actual situation. Hope he will be back soon.

flag supported.

Yeah it seems the guy is not a scammer according to his post history where he's always active since 2019 even though he's not participate in subscription campaign. He have asking multiple loan before and have successfully paid back, I'm expecting a same with this loan.

A neutral tag should be given if this case is already resolved.

The number of defaults decreasing and soon it will decrease a lot. Because a lot of alt accounts have already been staged for various reasons and also became banned. You are right that many lenders stopped their service and I am also at a loss but I have no plan to stop this service.
The user has not tried to take part in the signature campaign. I think the user's main plan was to scam. And the account is an alt account or sold account.
I wish both of you would be right and I am wrong. There will have no problem removing the tag and withdrawing the support of the flag if repayment is made. Though I do not think it will happen.

I'm sorry for your loss and I hope you can get your money back, but why did you trust this account or at least I should have asked the members who had previous transactions with it in the collectibles section to give you more information about him.

Post his address here we might be able to find out more details, BSC is central and he may complete KYC there.

FLAG supported.

Although you're correct, but I don't think users who have trade with Yabes and know where he live want to share it to you, that's surely a data breach. It don't mean I support Yabes's activity to scam @OP, but that's surely not a good idea considering about how much he scam and this would be a threat for anyone who had bought something from other users in this forum.

As for your last sentence, there's no centralized exchange will share their customer's private information to a stranger.

If you bring them a police report, they may do so. Banks do this at the request of the court, so everything is possible based on your country.
Nevertheless, I agree with you that the options are limited. If he wants to know his identity, I think that is possible. Even the forum has a special section for investigations ----> https://bitcointalk.org/index.php?board=227.0, and we have precedents in the case of @Yogg^[1][2].

@Yogg was active at collectibles board

[1] Lawsuit against yogg (patrick) (https://bitcointalk.org/index.php?topic=5434528.0)
[2] Let's sue Yogg in France  (https://bitcointalk.org/index.php?topic=5457878.0)

I am also sorry for your loss. It looks like Yabes has taken the biggest loan this time around. Sometimes people prepare for such a scam by taking a $50 loan at the beginning and gradually increasing their requests. According to the post history, it is clear that the user is interested in gambling and the collecting section, and he is also only interested in material gain. I would be suspicious of the players.
I want me to be wrong and your losses to be returned.
I frankly admire your endurance. This is not the first time I have read that this or that person does not pay your debts.

Flag supported

I strongly disagree with this.

A borrower may take many loans as they wish before they decide to scam the lender on one final loan. The previous loans are often done to build trust in the community and this behavior is often found in the anonymous forums. One might argue that the borrower is a gambler and pays back as they win some from the win and rest from their salary, but from the perspective of the lender, they are nothing but a default.

Like like 99% of defaulted loans, this one is not coming back.

What yogg did in the collectibles section is a proof that you are responsible for your own money and how you deal with people on the internet.

Flag supported.

This is yet another sad incident!

Looks like a well planned exit scam, unless otherwise (Perhaps loss of device, ailment or death)
I checked the defaulters post history, and you could clearly see he was depending on loans so much. Personally, I don't trust a person who depends on loans every day or every week. If they can repay the loan after a short time, then what makes then borrow again after a couple of days? Can't they just wait for the money they earn and use it instead of acquire loans that even require interest on repayment weekly?

I think it's a trick to build trust, increase the no collateral loan amounts and then finally pull off an exit scam when the time comes

I actually gave him a loan and got repaid. Looks like he was building a bit of trust history of paying back before running with the $
Supported the flag. Was going to remove my positive feedback and then noticed I never left any.

I know $400 can be a lot of money in some parts of the world, but looking at the loans taken & then paid he spent a chunk of that on interest to build up to the $400.
Had he back in March just asked for $200 and ran could have saved time and effort and had about the same amount of money.

-Dave

This is one thing that always happens whenever a loan is being given without any form of collateral or even giving out a large amount to a user who isn't in a campaign is very risky. Sometimes before giving out loan always check to know if such person can afford to pay back the loan especially now that account sale is common on the forum, they may buy an account and used it to apply for a loan.
Well I can't tell or knows accurate problems with the loan defaulter but I will suggest you try track down the local board him or she regularly post so you could reached out to some fellow if they knows the way about @Yabes, and again I would love to say that you should focused more on those that are more active on local board as I believe they must have a boss who introduced them to this forum. Anyway I also supported the flag and leave my redtag as well.

0 network fees doesn't mean it's an internal transaction, so you can just contact binance directly? https://i.ibb.co/LP4QN9G/Screenshot-20230630-211331-Binance.jpg

I am not sure if you really get what happened. The issue isn't about internal transaction but rather that after a month or so, the person acquired a loan from Shasan did not pay it back before or on the promised date.

You can't just contact binance, and they give you a customer's details without involving lawyers and a court order. If that's what you are suggesting then he is going to have to spend way more than $400 for the legal process, which kind of doesn't make sense.

So sorry about your experience sir. This is the second time this is happening within a short time interval. It seems the borrower has long planned this exit scam purposely with the way I saw it. What makes it that easier is the fact that there is no collateral for the loan so it is easy for the borrower to do away with the loan. I see it was paid directly to the binance account of the borrower. I will suggest you write binance with the loan evidence and screenshot for a backup proof of your petition for them to see and possibly take actions against the borrower. If possible, they go help you out with details to help you recover back your money.

So sorry to hear that you have suffered such a loss. Everything this user did was pre-planned. Due to such users those who really need a loan do not get a loan, because once the lender has been cheated, he is very wary of lending to anyone a second time.
Hope you can get this money back. Although this user's intentions were not good, the chances of him coming back are low.

I have viewed the user's post history and it seems that he has taken loan from you multiple times previously and paid the loan with interest. However, this time I think something wrong might have taken place in his life. The guy seems to be an honest person because his/her post history shows that, but still he defaulted the loan, and that's not a good thing at all. I'm sorry for your loss buddy, I have seen that you have faced many losses because of such users. I hope that in future the users wont do such things with an honest lender like you. I'm still not sure that if the guy is a scammer or not, but I'm also supporting you with flag against him until he pays your money back.

This only proves how risky the loan business is here in Bitcointalk, some members will gain your trust first until they establish that and then they go with a big amount but we can never tell if he shows up with a valid excuse and pays what he owed to Shasan, I hope that's what going to happen.
It's good to know that Shasan will continue his business he is a big help in this forum for members who badly need cash for emergencies or urgent needs and has no available funds.

But the amount of the last loan is higher than all the loans that he paid before, and it is possible that he will not return again because he became inactive after taking the loan directly, and this is an indicator that makes us suspicious of him. There is no one who is not devoid of life circumstances, but what is the circumstance that can prevent a person for all this time after taking the loan? Is it difficult for a few minutes out of 24 hours to reply to Shasan's messages who gave him the loan? He should have done this to explain to him the reason for his delay in paying the loan amount and interest, and I know that the OP will give him enough time. Sad about this loss, and I hope that the borrower will return and pay the loan even though I don't expect this. Just my 2 Satoshis, The flag supported.

You are right but the guy has taken a loan of 370 BUSD previously from Shasan and if he wanted to run away then he could run away with $370 as well. If we closely speculate then this time he has just $30 more than one of his previous loans and that's why I was thinking that why if a user pays $370 back with interest will run away with $400 and leave the forum? I may be wrong, but still the guy paid previous loans and that's a fact. However, I wont be taking the side of the of the one who took loan and defaulted it, I honestly feel bad for Shasan's loss because the guy has been helping forum members with loans for a long time, and still people like this take advantage of his goodness. I also hope that the user will reappear and pay Shasan's loan back, but to be honest I also don't expect that guy's return on the forum.

Some people have sold their morals to ignorance. I don't get why someone would take a loan that they couldn't afford to pay back; rather, it's better to just take the amount that will be very easy on them during repayment. In some parts of the world, $400 is about five months worth of minimum wage payment, so it's a huge amount to just run away with, putting you at a loss. It's just nonsense.


Support your flag

I am really sorry for your loss. I hope this member will return the borrowed money to you soon. He has not registered activity in the forum since 18/6. Therefore, he may have an impediment or difficult circumstances that prevent him from entering the forum, or perhaps the reason is evasion of loan repayment, I don't know.

Unfortunately, this happened to me before me in the local board, where I lent a loan to one of them and he defaulted on the payment and was absent from the forum, but after a while he came back and said that he was suffering from difficult family circumstances and repaid the loan, so I hope the same thing will happen with you and the member will return to pay the loan.

How could that dude stoop so low to default to his obligation. That is cowardly of him to have ran away with funds he was loaned. From the scenario, i think it was an intentional act from and a well planed one for that matter. He is not in any campaign from the looks. I was thinking there is collateral  for taking loans but to my greatest surprise none at the moment and i ask OP is there any possibility of making it compulsory so you could not be suffering losses in the nearest future because this is disheartening that your good deeds turns out to be used against you by scammers who are heartless.

Every lender wants the loans to be secured by collateral. But in reality very few actually manage to gather a collateral. The major reasons behind loans being trading and gambling most of them get dispensed with only trust between the parties. This system can sustain only if the borrower takes responsibility of their loans and pays back with interest in time however hard it might be for them.

Most lenders are willing to accommodate by extending the time period or taking the payment in installments and so on. But ghosting right after a loan is dispensed is a bad omen.

Many doesn't bothered to gather a collateral since its hassle to hold it so maybe lender just trust people that they pay their obligation. But another unfortunate incident happen since another user default his loan so maybe its time to be more stricter on requirements and don't lend a huge amount to a user if the rank of his account is lower than the amount since loan defaulting will be their option if they can't pay their borrowed money on agreed timeline.

Oh really, you still run a loss overall?
You have so many loans every week, I was sure you would make some good profits with this, but seems the loan default make a deep cut in those profits.  :'(

I also had plenty of loans from you already, must have surely paid around 300-400$ in interest. I am also very unlucky always, I take a loan and when I pay back the price has gone up. Just recently I got a loan for btc at 25k price and paid back at 30k, haha. My current LTC loan is even worse, got it at around 80$ and now the price is at 106$.  ;D Unlucky me.

Anyway, sorry for your loss and thanks for still providing this service!!

I hope that you will be able to recover your money, but with the absence of guarantees in such services in the forum, it is better to stop providing loans until there is a way to reduce such scam.
In the past, accounts were taken as collateral, and then the account was sold if the second party failed to pay, but I do not think that reactivating this rule would be beneficial for the forum as it would promote the purchase of accounts and might promote spam.

The guy (Yabes) has been active on the collectibles board fir more than three years and it seems that he made some successful trades there. I'm having hard time to realize how some one could abandon an account with such good reputation and trading history for $400. He could have earned it in two or three months if he has joined any of the available sig. campaigns.
Shasan, please be more careful with whom you are dealing with!

Might be splitting hairs, but I can't see a post where they acknowledge receipt of the "internal" transaction (or not as the case may be)

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I've decided I won't be supporting the flag as the loan was without collateral which means as long as you don't ask for collateral you are going to be "scammed" by users who will cashout near useless UID's.

I won't support it, but I won't oppose it either as you are expecting us to clean up a mess you have created.

Upon reflection I'll support the flag if only to deter copy cat scamming.

But I still think the entire no collateral or multiple loans policy that lenders have needs a rethink.