Scam Alert - Ponzi Scheme offering 156% return just in 30 days - Definwallet

[TalkStar]

What happened: Ponzi scheme - Offering 156% return just in 30 days
Scammer's profile link: https://bitcointalk.org/index.php?action=profile;u=2555339
Scammers website: https://www.definwallets.com
Archive link: https://archive.is/WZkMQ
ANN thread: https://bitcointalk.org/index.php?topic=5273578.0
Archive link: https://archive.is/GJXtJ

Flag: https://bitcointalk.org/index.php?action=trust;flag=2301


Domain Information:

Domain name: definwallets.com
Registry Domain ID: 2555436883_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.namecheap.com
Updated Date: 0001-01-01
Creation Date: 2020-08-25
Expiration Date: 2022-08-25

Hello Everyone,

Lets introduce with another money stealing ponzi project who are trying to make investors fool with the idea of crypto wallet and daily interest.

Take a look here;

Source: Click here

Note: Please stay far from this type of money stealing ponzi projects and keep your fund safer. Stay alert, stay safe.

[tvplus006]

Scammers offer to Deposit cryptocurrency to get a bonus of $10. They are ready to offer the most incredible interest rates of 5.2% profit daily for a Deposit of 16,294 ETH.
This project is a Ponzi scheme and I leave negative feedback for the organizers in such cases. The flag is supported.

[The Sceptical Chymist]

From the ANN thread:

The more deposit you add, the more your earning rate increases.

Is that supposed to mean that the actual rate of interest increases the more you deposit, or that you earn more interest with more deposited money?  That's actually common with bank deposit products, but given how sorta-sloppily the ANN OP post was written, it makes me wonder if they mean what the words imply.

Anyway, here's another example of (apparent) scammers latching on to the DeFi craze that's in the making.  This certainly sounds too good to be true, which means it's probably just a Ponzi scheme.  We're going to see so many more of these schemes until either DeFi fails as a whole (like ICO projects did) or DeFi becomes legitimate and organized.  It'll be interesting to see which of those transpires.

Good catch, OP.

[TalkStar]

Scammers offer to Deposit cryptocurrency to get a bonus of $10.

Basically they are trying to make everyone believe that like other crypto wallets they have similar bonus for their users. Even they are offering return packages in a different way which have already detected by "The Pharmacist"      

The more deposit you add, the more your earning rate increases.

Most probably they have money printing machine and they will increase its printing speed based on deposits. Only scammers can bring this type of packages otherwise its just a dream for them who wants to make FDR on their local banks.

[TalkStar]

Update:

# ANN thread has been removed by the scammer but archive is still available for everyone.

# Here is another money stealing ponzi platform he is promoting on bitcointalk ; https://bitcointalk.org/index.php?topic=5273103.0

I will create a complete thread about this one soon.