Trust Wallet

[Nwada001]

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?

This is very simple; they are groups of scammers or sometimes just one scammer working as an admin, account manager, trading manager, member of the US government, etc. What they do is direct you to their fake site, ask you to make a deposit, you make a deposit, and then use their admin account to increase your balance in your dash board, which you can't withdraw. First, they will charge you for an account upgrade, followed by other things. Some scammers go as far as getting PDF documents, which they use to convince their victims that it's actually real. Regarding this tax fee... 
Some forms of this document are below for such scam billing. 

And before it got to this stage, you had already been paying the scammers' bills for quite some time. 
 

[1714824165]

1714824165

[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?

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.

Thank you for taking the time for this. I want to note that the person who brought be in on this loaned me around 70K USDT to help pay one of the fees. She said she's staked with them before with no problems. Either way I haven't been doing mentally well as you can imagine. I realize getting my money back is slim to none, but am still eager to learn what is going on here so any insight would be appreciated...thank you!!!

https://etherscan.io/tokenapprovalchecker?search=0x3709c5d0f1f5dceb77b6fe8edfc55adf8611b4af (This shows the approved spender. I haven't revoked access yet cuz I'm still naive enough to think I'm getting anything back.

https://etherscan.io/address/0x3709c5D0f1F5DCeB77B6fE8edFC55ADf8611B4af#tokentxns (This is my wallet address)

https://etherscan.io/token/0xdac17f958d2ee523a2206206994597c13d831ec7?a=0x3709c5D0f1F5DCeB77B6fE8edFC55ADf8611B4af (This one includes the contract address in the upper right and ALL transactions which include the ETH awards I supposedly got from the mining pool.

P.S. This is the mining pool in which I'm in and the latest message from customer service. https://imgur.com/a/a3B9YSO (They are very convincing, lol). This is after I paid the latest fee that they called the withdrawal fee. They then said they couldn't withdrawal my funds to my wallet because a hacker changed my address...and now this transfer fee...

[nc50lc]

P.S. This is the mining pool in which I'm in and the latest message from customer service. https://imgur.com/a/a3B9YSO (They are very convincing, lol).

None of those message are convincing.
They are just using common technical terms combined with "technical jargons" and using them in a nonsensical way.

E.g.: "Mining pool saved to the staking pool" doesn't make sense. And "technical transfer fee" is a made-up term.
Of course, they'll read this thread and would probably "fix" their messages to their next victims.

I want to note that the person who brought be in on this loaned me around 70K USDT to help pay one of the fees. She said she's staked with them before with no problems.

That's a standard ponzi scam strategy to let the first victims to withdraw to let them vouch for it.
Every ponzi scam that I've seen has done that.

[khaled0111]

That's a standard ponzi scam strategy to let the first victims to withdraw to let them vouch for it.
Every ponzi scam that I've seen has done that.

Based on the information provided by OP, I believe this is more of a romance scam than a Ponzi scam!
I'm sure he doesn't know the girl who introduced him to this website in person. A random person (girl profile) contacted him online and convinced him to invest into this fake mining service. A common scam technique.
Now, am afraid that girl (cyber friend) will ask you to repay the 70k she lended to you! OP, if this happens, just ignore her. You don't owe her anything.

[Nwada001]

That's a standard ponzi scam strategy to let the first victims to withdraw to let them vouch for it.
Every ponzi scam that I've seen has done that.

Based on the information provided by OP, I believe this is more of a romance scam than a Ponzi scam!
I'm sure he doesn't know the girl who introduced him to this website in person. A random person (girl profile) contacted him online and convinced him to invest into this fake mining service. A common scam technique.
Now, am afraid that girl (cyber friend) will ask you to repay the 70k she lended to you! OP, if this happens, just ignore her. You don't owe her anything.

I don't even think there is a second person in the picture, if the $75,000 was actually sent as proclaimed. This can just be the same person working as two different people, on one side acting like the trader and on the other side acting like the victim's lover who has earned from the investment. When the scammer asks the victims to invest or pay anything, the victim will just go back to the other person who he actually trusted and was in a relationship with, and that person will just try to calm him down by offering to lend him a few dollars, then he should look for the rest and pay off. It's just a few simple ways to build trust and lure the victim into the scam.

Because the person who referred him already claimed to have benefited from the investment, it's assumed there are still enough funds to lend out. It's just a simple strategy. There is actually no second person; it's just one person forming two identities.

[coupable]

That's a standard ponzi scam strategy to let the first victims to withdraw to let them vouch for it.
Every ponzi scam that I've seen has done that.

Based on the information provided by OP, I believe this is more of a romance scam than a Ponzi scam!
I'm sure he doesn't know the girl who introduced him to this website in person. A random person (girl profile) contacted him online and convinced him to invest into this fake mining service. A common scam technique.
Now, am afraid that girl (cyber friend) will ask you to repay the 70k she lended to you! OP, if this happens, just ignore her. You don't owe her anything.

Lol
This is what is supposed to happen now in order for the play to be completed, and if the girl does not ask for the refund of that amount, she will prove her involvement.
As previously mentioned, they are two or more profiles controlled by one person, and it seems that he has actually succeeded in causing victims in this way, which seems to be a very old fashion. Today, with artificial intelligence technologies, it has become easy to produce phrases and structures to gain the trust of potential victims, and this is the most important step in this scammy method process, and after that everything becomes easy. I don't think this will end anytime soon.

[Orpichukwu]

I don't think this will end anytime soon.

This can only end, if the victim being the male realize soon enough that all this is just a scam. If not the victim will just continue paying, after this tax payment, another form of billing will fall upon his head. It's just a continuous process like you guys said.

[m2017]

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%.

It is standard practice to instill fear and intimidate you with future losses so that you deposit even more money into these scammers without hesitation. Panic seizes people and they completely lose the ability to think.

In such situations, you should not allow your emotions to be manipulated and you need to act differently: try to soberly assess the situation and assess your chances of being able to return your funds.

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.

For me, this is also incomprehensible. It's not $300. Although, in the case of even $300, many would double-check everything 10 times.

It is better to play it safe, but save your money.

There are no options here. OP irretrievably lost his own, which can't be returned. It remains to come to terms with the loss and forget, like a bad dream.

~snip
P.S. This is the mining pool in which I'm in and the latest message from customer service. https://imgur.com/a/a3B9YSO (They are very convincing, lol). This is after I paid the latest fee that they called the withdrawal fee. They then said they couldn't withdrawal my funds to my wallet because a hacker changed my address...and now this transfer fee...

Scammers will come up with all sorts of incredible stories to extort even more money from you.

[Accardo]

That's a standard ponzi scam strategy to let the first victims to withdraw to let them vouch for it.
Every ponzi scam that I've seen has done that.

Now, am afraid that girl (cyber friend) will ask you to repay the 70k she lended to you! OP, if this happens, just ignore her. You don't owe her anything.

Looking at it, I think the USDT lent to OP was on their fake site, I've gone through his transaction and wasn't able to see where he received 70k usdt. How will a scammer send their victim 70k? that's a risk on their end, which they can't take. It could be his account balance on the fake site was topped to 70k usdt, and he can't withdraw the money, unless he pays some tax or invests more money. Found on his transaction log, he sent the 100k+ usdt to the scammers. Op get yourself together and don't think of falling mentally ill. It's hard to forget such mistakes, but on the process of making money listen to your instincts, investments with high profits that demands so much from the investor is always a red flag.

If you ever face any confusion regarding cryptocurrency investment get in touch here, that's what the forum is about, helping people follow the right track to genuine cryptocurrency investment, and teach you to avoid losing your hard earned money to the hands of thieves. You can get a therapist, to check your health, that's what matters.

[jflo200]

That's a standard ponzi scam strategy to let the first victims to withdraw to let them vouch for it.
Every ponzi scam that I've seen has done that.

Now, am afraid that girl (cyber friend) will ask you to repay the 70k she lended to you! OP, if this happens, just ignore her. You don't owe her anything.

Looking at it, I think the USDT lent to OP was on their fake site, I've gone through his transaction and wasn't able to see where he received 70k usdt. How will a scammer send their victim 70k? that's a risk on their end, which they can't take. It could be his account balance on the fake site was topped to 70k usdt, and he can't withdraw the money, unless he pays some tax or invests more money. Found on his transaction log, he sent the 100k+ usdt to the scammers. Op get yourself together and don't think of falling mentally ill. It's hard to forget such mistakes, but on the process of making money listen to your instincts, investments with high profits that demands so much from the investor is always a red flag.

If you ever face any confusion regarding cryptocurrency investment get in touch here, that's what the forum is about, helping people follow the right track to genuine cryptocurrency investment, and teach you to avoid losing your hard earned money to the hands of thieves. You can get a therapist, to check your health, that's what matters.

Thank you for your response, I really appreciate it! However, it is even worse than you all think. Not only did I give them everything in my bank account, but during the 3 months it went on, I took out 3 personal loans totaling $70,000. Now I know how it feels when someone goes to Vegas and gambles everything away. Everything I ever worked for is gone. But I don't want to tell you all my problems. I was just looking to understand how this could happen and now I know...I'm just gullible and stupid. Thank you to everyone who responded here...

...Oh by the way, after this last time they tried to milk money from me and I basically told them to buzz off, the site no longer exists...

[virasog]

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%.

First of all, by reading your first post and the title of the thread "Trust Wallet", i thought that you are facing any issue with the Trust wallet and was surprised to read that how can trust wallet ask for taxes etc but now i know its not related to trust wallet but its about the site Verirax.

I haven't have any information about this site but do you know that its a big scam in crypto world where the site will show you that you have a lot of balance in the site through mining or whatever but when you want to withdraw you have to deposit some money (in the form of taxes or whatever). When you deposit, the site will still never let you withdraw and may scam you.

Better stay away from these sites and do not deposit your hard earned money on these sites. You will only lose your money.

[Baoo]

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%.

First of all, by reading your first post and the title of the thread "Trust Wallet", i thought that you are facing any issue with the Trust wallet and was surprised to read that how can trust wallet ask for taxes etc but now i know its not related to trust wallet but its about the site Verirax.

I haven't have any information about this site but do you know that its a big scam in crypto world where the site will show you that you have a lot of balance in the site through mining or whatever but when you want to withdraw you have to deposit some money (in the form of taxes or whatever). When you deposit, the site will still never let you withdraw and may scam you.

Better stay away from these sites and do not deposit your hard earned money on these sites. You will only lose your money.

I have just had the same thought to be honest, I was thinking he faced some troubles with Trust wallet then realized he meant Verirax. From my perspective, it is preferable to avoid unknown and unranked wallets and if your capital is large, it would be better if you stay away of CEX platforms specifically the ones who require KYC verification and use a decentralized exchange such as uniswap, pancakeswap , sushiswap or hardware wallet like, Trezor and Ledger, you have a plenty of save options, it is up to you to decide. Moreover, I advise OP the make some researches before making any decision especially when it comes to depositing a huge amount on crypto wallet.

[khaled0111]

it would be better if you stay away of CEX platforms specifically the ones who require KYC verification and use a decentralized exchange such as uniswap, pancakeswap , sushiswap or hardware wallet like, Trezor and Ledger, you have a plenty of save options, it is up to you to decide.

Better use each service for the purpose it was designed to serve. It's true that DEXs are way better than CEXs, especially from privacy perspective, but they serve a different purpose than wallets. Exchanges are for trading while wallets are designed to help you manage your assets and keep your keys safe.
The proper way to store your coins is by using wallets (hardware wallets are known to be the best), avoid keeping your coins on exchanges.

[jflo200]

For the future, under what sub-topic can I use to ask about mining sites? Another person I met on Twitter is trying to convince me to use USDT to get ETH awards. The site she sent me is lendingpool.net. However, when trying to access on desktop computer the site is:

https://defi-lendingpool.club/#/

Here is the same site, but a slightly different address: https://defi-lendingpool.xyz/#/

Oh and another one: https://defi-lendingpool.cc/#/

I'm 99% sure it is another scam attempt...please confirm for me...Thanks!

[joniboini]

For the future, under what sub-topic can I use to ask about mining sites? Another person I met on Twitter is trying to convince me to use USDT to get ETH awards. The site she sent me is lendingpool.net. However, when trying to access on desktop computer the site is:

That is basically an altcoin service. So either altcoin discussion or service discussion on the altcoin boards. Don't get tricked by random people recommending obscure websites, especially those that promote low-risk and high-return investment. Btw, if you still want to ask about mining then the mining boards (either on the BTC or Altcoin depending on which coin you want to mine) is the right board to ask them. Looks like this topic already serves its purpose judging from your response. If that's the case, I suggest you lock this and make a new one to ask your mining/defi-related questions.

[o_e_l_e_o]

Another person I met on Twitter is trying to convince me to use USDT to get ETH awards.

Perhaps stop taking "advice" from random strangers on Twitter.

I'm 99% sure it is another scam attempt...please confirm for me...Thanks!

Yes, it is blatantly a scam.

[rby]

Sorry for your loss Op!

I am late to this discussion but I want to take my time and analyse to you and some other persons here who do not understand how scammers work. Please read carefully and it will save you in the future. It will be a total mess that you will pass through this and not learn from it.

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).

That is a real sign of scam. Scammers will not give you any slight access to what they have already scammed you, rather they will give you gross reasons to bring more.

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

They will promise you something double or triple of what you have already deposited in order to lure you to bring more.

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%.

Any investment that gives you a very short duration is a scam. They will pressure you, such that you will not have the time to discuss it with friends and relatives. You will not even have enough time to reason yourself. So you will hastily make a huge mistake.

Thank you for taking the time for this. I want to note that the person who brought be in on this loaned me around 70K USDT to help pay one of the fees. She said she's staked with them before with no problems.

No, she didn't loan you 70k USDT, she took from the initial amount they scammed you to send for you. This will make you think she is with you, then you will still resend the 70k USDT and more. So, it is just a bait to drain you more.

This is after I paid the latest fee that they called the withdrawal fee. They then said they couldn't withdrawal my funds to my wallet because a hacker changed my address...and now this transfer fee...

Yes, if you continued you will have to pay them to help you track the hacker and more stories.

Another person I met on Twitter is trying to convince me to use USDT to get ETH awards.

Perhaps stop taking "advice" from random strangers on Twitter.

It is not another person, it is still your scammers but they are coming with another identity and try to play as if they want to help you.

To add to what o_e_l_e_o said.
Stop taking advice from random people online and not only twitter. You have been screwed, so that a break and reorganise yourself.

Best regards!
rby

[logfiles]

For the future, under what sub-topic can I use to ask about mining sites?

I think you should avoid all those cloud mining sites or sites where they claim they we get you daily profits if you "Invest"

The site she sent me is lendingpool.net.

The site seems to even be offline

defi-lendingpool.club

defi-lendingpool.xyz

defi-lendingpool.cc

All are scam.

Check out their domain details
1. https://www.whois.com/whois/defi-lendingpool.xyz
2. https://www.whois.com/whois/defi-lendingpool.cc
3. https://www.whois.com/whois/defi-lendingpool.club

See a similar pattern?

[examplens]

OP, This was painful for me just to read. I'm sorry for your loss, I hope you can get over it.

...Oh by the way, after this last time they tried to milk money from me and I basically told them to buzz off, the site no longer exists...

Obviously, that site paid off for them and more than they expected, they don't need more, just a risky reference to their identity.
I wonder, if the money was legal, why didn't you contact the authorities? The USDT token can be tracked, In the worst case, it can be locked, so even scammers cannot use it.

Another person I met on Twitter is trying to convince me to use USDT to get ETH awards.

Perhaps stop taking "advice" from random strangers on Twitter.

Maybe he should stop using or even change his Twitter account, username, cover picture, etc... Obviously, the question is the same group, now that they know he's naive, they're trying to get as much out of him as possible.

[virasog]

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?

I just do not understand how can this happen in a trust wallet because it is decentralized and no one can ask you to pay taxes in order to withdraw your funds from the trust wallet ? Or maybe you are saying that all this is being asked by a crypto exchange If so, then you have deposited in a scam exchange unfortunately. (by the way as far as i know crypto.com is not a scam exchange, there must be something wrong )

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?

If you see the screenshot, you have highlighted the fake phishing transactions which clearly shows that you have connected your trust wallet with a scam site and lost your funds. There is nothing anyone can do and also its not the trust wallet fault that you connect your wallet with untrusted sites and get scammed.