Give us referral, we'll give you your withdrawal

[libert19]

So there is this app/website called defi which gives 6-8% return daily. My brother invested in it 10k INR, withdrew 12500, he received 10K out of it, as for withdrawal there was 20% fees.

I'm glad as his capital was back, now since this app gives 6-8% return daily, he made another extra 70k INR quickly, tried to withdraw, stayed pending for long period. Contacted their customer support, they said if you give us referrals we will give your withdrawal. Lol.

Website link for research purposes: https://definftly.com/ (this site is scam, do not anything there).

My brother was joined into this program by another relative of mine, there is very little to be surprised that that relative could have suggested this to get referral reward or to get his own withdraw.

Crypto teaches you few things, so to me, on very first glance the site looked like scam, whether it be a UI or hefty returns, told my brother it's scam but my brother had already invested in it, plus he weren't been through enough scams to judge what was it on first glance. Anyway, glad he got his invested amount back.

Take lessons as you may, I felt about sharing this story.

p.s: Wanted to post this in India sub, then I thought it's proper here. Idk. Suggest/report if you think it this should be moved elsewhere.

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[SamReomo]

That's the worst thing a scammer would do to the ones who join his/her platform. Such scammers want to gain more money from referral system and that's why they're willing to allow for withdrawals.

The referral system of such platform is another trap to get new customers who may invest huge amounts on their platform in hope of getting 6% or more return on daily basis.

It's not possible to earn 6% daily on any legit platform and anyone who promises such level of profits is most probably a fraud.

[hugeblack]

So there is this app/website called defi which gives 6-8% return daily. My brother invested in it 10k INR, withdrew 12500, he received 10K out of it, as for withdrawal there was 20% fees.

So the profits are 2.5% not 6-8% return daily and the account fees are 20%. If they say that publicly and someone tries the service, then he is stupid.
Any service that gives you a return higher than 5% to 20% annually in dollars is a questionable service, let alone 5% daily, which is truly considered scam.

[Adbitco]

No, here is the perfect place to post it because I know people who doesn't have idea or know what it takes to get scammed could also learned from here. I think the bottom line should be whatever investment platform or any site that offers 6-10 percent daily returns should be totally avoided because most people won't know what it takes of getting scammed by some unscrupulous users who go around making fake site to victimized their users. And why would your brother be so blindfolded in way he can't sense out a wrong site or fake site to have been enticed with their percentages. Anyway thanks for sharing here.

[DabsPoorVersion]

So there is this app/website called defi which gives 6-8% return daily. My brother invested in it 10k INR, withdrew 12500, he received 10K out of it, as for withdrawal there was 20% fees.

The promised return on a daily basis is too high to consider as a legitimate investment. Besides, when it comes to investment, a legitimate type of investment does not have a specific number to provide to investors of how much return they can get until they have the data of how the company performs throughout the year.

One more thing, the website does not have a clear explanation about the investment. Clearly, no information about where the daily interest would come from, it's too sketchy.

[sheenshane]

Contacted their customer support, they said if you give us referrals we will give your withdrawal. Lol.

First, thanks for the heads-up for this obvious scam, because it belongs to HYIP.
If you give referrals for sure, another victim for them and the victim will blame you of course.

This is very common in my country but not in crypto, it's an app that you can invest in and has promised return but when you request a withdrawal there's a lot of alibi.

It seems they'd a lot of victims since they registered in 2020 as who.is said.

Code:

Expires On2025-09-14
Registered On2020-09-14
Updated On2023-12-17

[Little Mouse]

Such investment websites are here and there. If someone has little common sense, they wouldn't invest in such a scheme. I must say that your brother is lucky to have the investment returned.

[dimonstration]

I’m surprised that there’s still a victim of ponzi out there while there’s already a DeFi that gives user the benefits to earn passively without relying to a centralized service like this ponzi offering.

Worst part is the 20% commission fee which is a total ripoff and easy to notice sign of scam service. Your brother is still lucky that the scammer still have a decency to return his original investment and just hostage the profit in exchange for referrals. 

[LTU_btc]

It's good that this story ended well for your brother. I think it will be great lesson for him. Don't want to be smartass, but everything looks more than obvious that this is scam. No legit company can offer 6-8% returns daily. If it would be true, then we would need to go to work as we would make for a living by investing here. And when I opened this website, already from first glance it looks so amateur and not legit.
It's good that this lesson didn't cost him money. But sometimes it feels that's better to lose money once to not repeat such mistakes again.

[acroman08]

My brother was joined into this program by another relative of mine, there is very little to be surprised that that relative could have suggested this to get referral reward or to get his own withdraw.

I hate people like this, I see a lot of them on social media trying to convince people they know to invest on a "project". These people couldn't care less if they are screwing their relatives as long as they get their money.

anyway, apart from their 6-8% daily return, their 20% withdrawal fee is complete BS, that is just too much.

I hope your brother learned his lesson, I also suggest to inform your family and other relatives about this scam, that relative of yours who convinced your brother to invest on that project might convinced someone again to invest on that scam project and fall victim.

[tabas]

What a way to scam people, although it is indirect "deposit this xx money and we'd allow you to withdraw" but it's just the same scheme.

My brother was joined into this program by another relative of mine, there is very little to be surprised that that relative could have suggested this to get referral reward or to get his own withdraw.

I hate people like this, I see a lot of them on social media trying to convince people they know to invest on a "project". These people couldn't care less if they are screwing their relatives as long as they get their money.

Even relatives, you should never trust them with finance affairs and matters especially in investing. If it sounds sketchy that they're very optimistic with the approach to you and wanting you to deposit and invest, there's something behind that curtain that they don't want to reveal. That's already a red flag when a relative of us tries to push us with an investment that we've heard in the first time. But at least for us, we're not like this anymore as we do our research and able to do some background checks because we proceed.

[tvplus006]

So there is this app/website called defi which gives 6-8% return daily. My brother invested in it 10k INR, withdrew 12500, he received 10K out of it, as for withdrawal there was 20% fees...

This is a classic ponzi scheme, where the first participants receive a profit from the investments of those who joined later. And your brother is certainly lucky that he was among those who first joined this scam and managed to withdraw his investments to his wallet.

[AHOYBRAUSE]

LOL, what a "gun to the head" approach by these scammers.

Basically they tell you to become and support this scam yourself or you won't see you deposit back. Bad thing is, I guess people will even do this because they are afraid of losing their funds.

It's like a ponzi where everybody knows he is getting robbed unless he continues.
Absolute shady stuff!!
That's why you should always do your own research on where you invest your money. Even the best thought suggestions by friends might let you join a scam trap. Googling "definftly.com" together with "trust" already shows the type of bs this is.

Really sad.

[FinneysTrueVision]

A real DeFi website wouldn’t ask for your phone number or an email address in order to register. All you should need is a self-custodial wallet to participate. They also accept fiat deposits so it is clearly not a decentralized platform. They set up their website to display Bitfinex in the <title> section so they can trick people who find them on search engines into thinking they are legitimate. It’s such a poorly designed scam but I imagine there are people who are very new to crypto that might still fall for this.

[albon]

Crypto teaches you few things, so to me, on very first glance the site looked like scam, whether it be a UI or hefty returns, told my brother it's scam but my brother had already invested in it, plus he weren't been through enough scams to judge what was it on first glance. Anyway, glad he got his invested amount back.

I have seen the Definftly website interface a lot on scam websites related to the Ponzi scheme, so even what you mentioned in your story strongly proves this in terms of the high daily and annual income in addition to referrals condition to be able to withdraw your money. I believe that your brother tried this scam after a stranger contacted him on WhatsApp or Telegram and recommended this malicious scheme, luring him with trading signals returns. This is evident from the screenshot I attached.



It is worth noting that although he withdrew his money safely without earning any profits after deducting it from their unreasonable fees, this is a cunning trick aimed at getting him to deposit a larger amount of money next time so they can scam him and the people he refers after they've dispelled their doubts.

[robelneo]

The 6 - 8% is already a big warning no legit companies online will give you that percentage even the big companies will not give you that daily profit, they do not have a profitable business to back up that kind of profit and the requirements to recruit before you can withdraw are plans for Ponzi Scheme.

People who are interested in investing should first learn what a Ponzi scheme is so they will understand how a Ponzi Scheme works and they will know all the signs if the platform shows signs of a Ponzi Scheme.

[khaled0111]

It's like a ponzi where everybody knows he is getting robbed unless he continues.
Absolute shady stuff!!

It's not "like a Ponzi", it's a Ponzi scheme. It keeps working as long as there are more and more referrals/victims (more money for them) joining. The scam project will disappear as if it's never existed as soon as they get enough money or if they don' t have enough money to pay the early investors.

It's good that this story ended well for your brother. I think it will be great lesson for him.

Unfortunately, it didn't. After withdrawing the 10k INR he invested 70k more and now he can't withdraw it unless he invite some referrals which I doubt he would do.

[examplens]

It's like a ponzi where everybody knows he is getting robbed unless he continues.
Absolute shady stuff!!

It's not "like a Ponzi", it's a Ponzi scheme.

A scheme that promises 6-7% per day is obviously a scam, I don't know why people have a hard time accepting it as a fact.

Unfortunately, it didn't. After withdrawing the 10k INR he invested 70k more and now he can't withdraw it unless he invite some referrals which I doubt he would do.

They are just trying to drag him deeper and get more money out of him/his referral. Classic scammers, trying to make as much money as possible from one user.
Maybe he could involve the police, if he managed to withdraw in INR, there is a possibility that they are from the same country.