Bitnest - Help Confirm if it's scam or not

[bettyonline4656]

Someone recently introduced me to a platform called Bitnest. They said it’s built on a smart contract using the Binance Smart Chain and claimed it’s safe. According to them, the platform offers 0.4% returns for a 1-day contract, 4% for a 7-day contract, 9.5% for a 7-day contract and 24% for a 28-day contract. They have two website addresses: bitnest.me and bitnest.finance.
Please, could you help me verify whether this platform is legitimate or not?

[acroman08]

Here is a universal tip to know whether the investment project is a scam or not, If they offer a guaranteed return on investment, they are most likely a scam. If I were you, judging by what you posted, I would avoid them.

[Trêvoid]

Hey bettyonline4656, so I totally get why you’re curious about BitNest

Its especially when someone you know recommends it and it sounds promising at first glance. But from what I’ve seen and read on here is, there are a lot of red flags. Better avoid.

[Cantsay]

This is not a site that I’d recommend to anyone - the first thing I noticed was that, they claimed to have been operating since 2022, but their domain was registered last year; and most of the scam sites I have seen that pulled an exit scam usually come with such claims.

24% return in just a month is crazy! How do they plan on generating such profits from? If this is not enough to keep you away from the site then I don’t know what else would convince you.

[bettyonline4656]

Thank you for your advice. What got me interested is that they said it’s secured by a Binance smart contract and no one can change or mess with it.

[Coyster]

If we are to go by the feedbacks on your trust page, i guess i wouldn't be totally wrong to say you are somewhat promoting this platform here in the guise of asking a question about it, because why would you want others to help you check if a platform is legitimate. I could be wrong, but i could also be well right, that said, i would advise everyone to completely stay away from this platform, don't even bother checking it out.

[Stalker22]

Yeah, I agree with Coyster. OP has an history of pushing scam projects and ponzi schemes here. I wouldnt be surprised if this is just another futile attempt at the same old bullshit.

As for his question, I dont think anyone is stupid enough to believe a platform promising a 24% monthly return on investment is anything but a scam. And a pathetically obvious one at that.

[Ultegra134]

Yeah, I agree with Coyster. OP has an history of pushing scam projects and ponzi schemes here. I wouldnt be surprised if this is just another futile attempt at the same old bullshit.

As for his question, I dont think anyone is stupid enough to believe a platform promising a 24% monthly return on investment is anything but a scam. And a pathetically obvious one at that.

On the one hand, it sounds like an indirect advertisement, but on the other hand, how can someone promote something by asking if it's a scam? I didn't find much about this platform, it claims that it's a completely decentralized platform, with smart contracts, I'm guessing similarly to how Beefy works, but does look a little sketchy. I did a quick search and didn't find too much information, but I did stumble upon a concerning article on Linkedin, quoting it below.

https://www.linkedin.com/pulse/bitnests-smart-contract-audit-why-clean-code-check-doesnt-de-hek-jtknc

I'd personally stay away from it, stick to known smart contract platforms, such as Beefy and others, don't look for extravagant APYs because you'll end up burned.

[logfiles]

Thank you for your advice. What got me interested is that they said it’s secured by a Binance smart contract and no one can change or mess with it.

They use that to make you feel safe and invest a lot of money into the platforms only to get scammed sometime later. Countless smart contracts on Binance smart chain have been used to scam and rug people before.

What I can advise you is to completely avoid the platforms and do not invest anything into them. Not even your precious time.

[Bitnest Truth]

Two new websites on Bitnest. 

One provides documented evidence that proves that the Bitnest devs are the same devs which scammed "Yunus Loop DeFi" in May 2024 (and earlier in Oct 2023).   Yunus was a nearly identical ponzi scheme as Bitnest.

https://bitnest-truth.com

The other is a Dune page which documents the ponzi-style money flows of Bitnest using the Bitnest contracts.

https://dune.com/bitsandbytes/bitnest

Enjoy!

[Bitcoin_Arena]

>>Snip<<

This is highly suspicious of @scammed victim 56.
I hope no one is going to believe what he is trying to say. He said the same thing in the other thread, and I believe he is trying to pull off a crypto recovery scam or social engineering on the victims.

Do not contact him at all. Once you click on the link, this is what you will see