Trust Wallet

[jflo200]

Hello all, looking for some help. I opened a TRUST wallet account some time ago and transferred USDT from Crypto Exchange. I then was automatically placed in staking activities. At the end of staking, upon trying to return my funds to my wallet, I was notified by customer service I have to pay 62,000+ USDT in capital gains taxes (I am based in Chicago). They are now holding my funds until I pay this tax. I currently have about 315,000 USDT in this wallet. Is this standard practice? I don't have these funds to pay the taxes and my funds will be frozen soon. I can't get a loan for this amount. Is there anything I can do?

[Charles-Tim]

You should have explained it better here, instead of opening two threads for it: USDT Loan

You want to pay tax and the tax not deducted from your money? Is that not scam to you? They only want to scam you more and more.

Check the domain name or URL of the site that you staked your coins, you can post it here or do more research to look for the legit site.

It is a scam.

[PX-Z]

Did you stake your crypto in trustwallet? What coin did you stake? Because you can't stake usdt in trustwallet if its the case by asking you to pay 60k usdt.
Also, if its the legit site they won't ask another payment for tax deducting your balance is enough since you already have 300k usdt there. What i mean is  it's a scam attempt to scam you more. And i doubt that trustwallet really do such kind if service. So mentioned the url of the site if you care.

[boyptc]

I know that there have been some strict rules in different states in the US regarding taxation. But why is it that it's making me feel that this isn't the right TrustWallet that you've downloaded?

Because if it's related to your taxes, any wallet don't have a thing or two to say and that's your responsibility on filing it. Why they're interfering with someone's taxation if they're not an auditing firm but just a bare wallet?

From your story, what was the exchange where you've transferred it from? And what's the website where you've downloaded TrustWallet? Because like they say above me, they wouldn't do such holding of funds and ask you to pay them.

It's a typical scam and how did the TrustWallet reached out to you?

[Cryptoababe]

Hello all, looking for some help. I opened a TRUST wallet account some time ago and transferred USDT from Crypto Exchange. I then was automatically placed in staking activities. At the end of staking, upon trying to return my funds to my wallet, I was notified by customer service I have to pay 62,000+ USDT in capital gains taxes (I am based in Chicago). They are now holding my funds until I pay this tax. I currently have about 315,000 USDT in this wallet. Is this standard practice? I don't have these funds to pay the taxes and my funds will be frozen soon. I can't get a loan for this amount. Is there anything I can do?

If I can understand you better, you transferred some usdt to Trust wallet and your usdt was automatically staked?
For me, Thats not trust wallet because trust wallet is a non custodial wallet. You need to approve anything before it can be done. Only centralised wallet like exchange wallet can do that. Or maybe you are dealing with a scam wallet.

[jflo200]

You should have explained it better here, instead of opening two threads for it: USDT Loan

You want to pay tax and the tax not deducted from your money? Is that not scam to you? They only want to scam you more and more.

Check the domain name or URL of the site that you staked your coins, you can post it here or do more research to look for the legit site.

It is a scam.

I'm sorry for opening two threads. I saw this sub-forum after. I'm just in a lot of trouble here. I guess I can't attach photos here so I'll try to summarize what their customer service said. The site is Verirax.com. First they said I can't use the funds I earned in the mining pool (153,364 USDT) to pay the capital gains tax, which is 40% (62545 USDT). They said upon completion of paying this tax, they will give me an ETH award double the tax (125091 USDT). And I have only 3 days to complete then there will be a 1% fee. If it's after 5 days my account will be frozen and the tax will increase by another 20%.

[Potato Chips]

I'm sorry for opening two threads. I saw this sub-forum after. I'm just in a lot of trouble here. I guess I can't attach photos here so I'll try to summarize what their customer service said. The site is Verirax.com. First they said I can't use the funds I earned in the mining pool (153,364 USDT) to pay the capital gains tax, which is 40% (62545 USDT). They said upon completion of paying this tax, they will give me an ETH award double the tax (125091 USDT). And I have only 3 days to complete then there will be a 1% fee. If it's after 5 days my account will be frozen and the tax will increase by another 20%.

If you look up pig butchering scams, loads of fake exchanges use similar reasoning (tax) to milk their victims, and obviously, victims don't get their money back... so don't send anymore money, op.

As for dealing with the aftermath, you may read this guide: https://www.reddit.com/r/Scams/comments/nz1y8h/what_to_do_when_one_is_in_a_pigbutchering_scam/

If you happen to have sent them personal documents, consider them leaked!

[rat03gopoh]

I then was automatically placed in staking activities.

Well, its a bit biased given that trustwallet doesn't have such a feature, you mean your money was "automatically" deposited to a staking site? Are you sure you're using official trustwallet? where did you download it from?

Anyway, if you don't mind, could you pls share the address you withdrawn your usdt to?

[o_e_l_e_o]

The site is Verirax.com.

It's a scam.

I mean, it is immediately obvious just looking at it that it is a scam, but if you spent 5 seconds searching online you would find dozens of other cookie cutter sites with different names using the exact same template. Here is one such example: https://ringmining.info/

They said upon completion of paying this tax, they will give me an ETH award double the tax (125091 USDT).

If anyone tells you to deposit money in order to be allowed to withdraw money, they are trying to scam you.

I have no idea how people throw around $300,000 in to any old shit they come across on Google without a second thought. Sorry OP, but you have lost everything. You will also lose any other money you give to these scammers.

[jflo200]

The site is Verirax.com.

It's a scam.

I mean, it is immediately obvious just looking at it that it is a scam, but if you spent 5 seconds searching online you would find dozens of other cookie cutter sites with different names using the exact same template. Here is one such example: https://ringmining.info/

They said upon completion of paying this tax, they will give me an ETH award double the tax (125091 USDT).

If anyone tells you to deposit money in order to be allowed to withdraw money, they are trying to scam you.

I have no idea how people throw around $300,000 in to any old shit they come across on Google without a second thought. Sorry OP, but you have lost everything. You will also lose any other money you give to these scammers.

Yes, it appears I've lost $170,000. And to make matters worse, I trusted someone online who gave me this info. I've lost everything. I don't know what to do.

[PX-Z]

I guess I can't attach photos here

You can upload to imgur.com then post the url here

The site is Verirax.com.

So how this site connects to trustwallet?

First they said I can't use the funds I earned in the mining pool ... They said upon completion of paying this tax, they will give me an ETH award double the tax (125091 USDT).

This is totally scam, no such legit site will do such thing. Where did you found this site btw? Looks like you've been fooled for several months already knowing this is staking and/or mining.

[dansus021]

are u really deposited on trustwallet Cause if you deposited on trustwallet the money will still be there unless you deposited to third-party app
You mention Verirax.com the first time I open the site asked metamask to sign the site



The site is pretty new, sorry to say this but there is high chance that you have been scammed.

[Smack That Ace]

are u really deposited on trustwallet Cause if you deposited on trustwallet the money will still be there unless you deposited to third-party app
You mention Verirax.com the first time I open the site asked metamask to sign the site


The site is pretty new, sorry to say this but there is high chance that you have been scammed.

That's no doubt about it, but I'm 100% sure he's been scammed. I remember when I first started investing online, I was looking for HYIPs that paid high interest, and I was in a similar situation. I can't withdraw my money, and every time I request to withdraw, they ask me to deposit more money to open the withdrawal function. As a newbie, I naively believe and follow, but everyone knows what the outcome is. But I'm more careful than OP, I just try to invest with 20-30$, not big numbers like OP.

[Accardo]

The site is Verirax.com.

It's a scam.

I mean, it is immediately obvious just looking at it that it is a scam, but if you spent 5 seconds searching online you would find dozens of other cookie cutter sites with different names using the exact same template. Here is one such example: https://ringmining.info/

They said upon completion of paying this tax, they will give me an ETH award double the tax (125091 USDT).

If anyone tells you to deposit money in order to be allowed to withdraw money, they are trying to scam you.

I have no idea how people throw around $300,000 in to any old shit they come across on Google without a second thought. Sorry OP, but you have lost everything. You will also lose any other money you give to these scammers.

Yes, it appears I've lost $170,000. And to make matters worse, I trusted someone online who gave me this info. I've lost everything. I don't know what to do.

Some of the pig butcher sites don't spend much or bother about SEO to rank on google. Like OP said, he trusted someone online who introduced him to the site. Most often they target dating sites and build trust with their victims before referring them to the site. Sadly, it's another loss for the cryptocurrency market. If the money was invested mainly into cryptocurrency it would have helped the network. But, the urge of making quick money in crypto without prior skills has pushed many people to fall into such scams. The only help I can render to you OP is to always research about sites on scambuster sites and also don't trust most people you met online, you see some have bad intentions for you. Stay safe.

[Z-tight]

Yes, it appears I've lost $170,000. And to make matters worse, I trusted someone online who gave me this info. I've lost everything. I don't know what to do.

The only thing you can do now is to learn from your mistake, do not send any money into that site again and do not trust any random person you meet on the internet. You should spend some of your time to verify and research before you put your money into anything. I know it is a big loss for you, and sorry about that, but do not also trust anyone who pm's you that they can help you to recover the stolen money, it is a scam too.

[Stalker22]

Yes, it appears I've lost $170,000. And to make matters worse, I trusted someone online who gave me this info. I've lost everything. I don't know what to do.

I'm so sorry to hear that you are going through this. It is important to take a step back and assess the situation. Have you reported this to the authorities? At the same time, it's also important to learn from this experience and be cautious of trusting anyone online with financial information or investments in the future.

[Saisher]

The site is Verirax.com.

It's a scam.

I mean, it is immediately obvious just looking at it that it is a scam, but if you spent 5 seconds searching online you would find dozens of other cookie cutter sites with different names using the exact same template. Here is one such example: https://ringmining.info/

They said upon completion of paying this tax, they will give me an ETH award double the tax (125091 USDT).

If anyone tells you to deposit money in order to be allowed to withdraw money, they are trying to scam you.

I have no idea how people throw around $300,000 in to any old shit they come across on Google without a second thought. Sorry OP, but you have lost everything. You will also lose any other money you give to these scammers.

Yes, it appears I've lost $170,000. And to make matters worse, I trusted someone online who gave me this info. I've lost everything. I don't know what to do.

He might be in connivance with that scam exchange, that's a very huge amount of money you should have tried with a small number of funds first you just made the owners of that platform rich and they will continue to use that method to scam people because people are falling victim and they are getting rich.
You should open a scam accusation and let people know about their activity I feel sorry for you its a life-changing amount for me and I advise people to always do diligent research

[coupable]

The site is Verirax.com.

So how this site connects to trustwallet?

From what I understand the OP didn't have a clue what he was going to do and didn't do any research, and contented himself with the advice of a stranger on the internet who sure enough guided him step by step and probably convinced him that staking happens through Trustwallet. I still can't understand how someone could be so bold as to send $170,000 and not bother to do a little research before doing so. Do you really think scammers can drug their victims that much?
If the Op publishes the details of the transaction it may be traceable but I regret to repeat to him that he lost those funds forever.

[jflo200]

The site is Verirax.com.

So how this site connects to trustwallet?

From what I understand the OP didn't have a clue what he was going to do and didn't do any research, and contented himself with the advice of a stranger on the internet who sure enough guided him step by step and probably convinced him that staking happens through Trustwallet. I still can't understand how someone could be so bold as to send $170,000 and not bother to do a little research before doing so. Do you really think scammers can drug their victims that much?
If the Op publishes the details of the transaction it may be traceable but I regret to repeat to him that he lost those funds forever.

Harsh, but true. lol. I've attached a link after searching my address on Etherscan. https://imgur.com/a/Sq1uPNV. This means I'm officially screwed right?

[coupable]

The site is Verirax.com.

So how this site connects to trustwallet?

From what I understand the OP didn't have a clue what he was going to do and didn't do any research, and contented himself with the advice of a stranger on the internet who sure enough guided him step by step and probably convinced him that staking happens through Trustwallet. I still can't understand how someone could be so bold as to send $170,000 and not bother to do a little research before doing so. Do you really think scammers can drug their victims that much?
If the Op publishes the details of the transaction it may be traceable but I regret to repeat to him that he lost those funds forever.

Harsh, but true. lol. I've attached a link after searching my address on Etherscan. https://imgur.com/a/Sq1uPNV. This means I'm officially screwed right?

You can share the link from etherscan or just paste the address instead of showing a screenshot. Well experienced users may help if it's possible to trace the funds. If the funds has been sent to an exchange, you might claim.