Loan Defaulted [mnightwaffle]

[shasan]

What happened:: Loan Defaulted

Scammers Profile Link: https://bitcointalk.org/index.php?action=profile;u=71414
Reference Link: https://bitcointalk.org/index.php?topic=5535597.msg65221028#msg65221028
Amount Scammed:  0.00402 BTC+0.0062054
Payment Method: BTC
Additional Notes: I have tried to contact with the user but not responded till now, so I am creating this thread and flag to avoid the checking the profile now and then to know the actiivty of the user.
Flag: https://bitcointalk.org/index.php?action=trust;flag=3521

[shasan]

Reserve

[Little Mouse]

Has anyone else been scammed? mnightwaffle was quite active in the lending section and was offering tempting interest payments, if I remember correctly. The amount in question must not be the only amount if he has truely scammed.

[shasan]

Though there is no feedback about any other active non-collateral loan but I think there must have others active non-collateral loan. I think 0.00866295 btc due in TryNinja as well. Reference: https://bitcointalk.org/index.php?topic=5535597.msg65265646#msg65265646 There might have more if that is not posted on the thread.

[TryNinja]

Though there is no feedback about any other active non-collateral loan but I think there must have others active non-collateral loan. I think 0.00866295 btc due in TryNinja as well. Reference: https://bitcointalk.org/index.php?topic=5535597.msg65265646#msg65265646 There might have more if that is not posted on the thread.

Yes, I haven't received anything and can't get contact with him.

[JeromeTash]

I remember this case from the Reputation thread

Just to get things clear... is this the total amount he has defaulted or there was some else who gave him another loan when he needed an extra $500?

----------------
Shasan
Due
0.0108284
892.4$~

-----------------

Ninja
0.00469315
0.0039698
=
0.00866295 // $713.7~ Due

-------------------

my total btc amount:
.01594909

Ideally I need like......? 500$? just chilling, for running around figuring out which job to take.

Even without the $500, 0.01594909 is quite an amount, that about at the moment. Maybe at one point he had no more motive to pay back the loan as just went awol.

[Chinesebaby]

Has anyone else been scammed? mnightwaffle was quite active in the lending section and was offering tempting interest payments, if I remember correctly.

Looking at the alleged scammers last statement, it is very obvious that tempting interest he previously gave was likely to be his strategy to increase his Trust Score between @Shasan and @TryNinja into believing maybe he was a genuine individual and increasing his loan amount. Because it is obvious that he deliberately abandoned this account since last year 26th June 2025, so that he can avoid paying his cumulative loan amount, which is bad.

So, as a result of this, I think the people giving out loan on this platform needs to learn avoid giving loan to anybody who already has an existing loan on this forum. Because if only @Shasan and @TryNinja had check if he had an existing loan, and refusing to give him extra loan, all these wouldn't have happened. So I think this should serve as a lesson to people giving out loans. This is my humble opinion.

[GxSTxV]

Another case? Im sorry for your loss. I can imagine how difficult it is especially since this person was trusted and had a lot of positive feedback.
I wonder if anyone here knows him or had contact outside the forum? He is been offline for a long time, maybe something happened to him?

@Chinesebaby, you are right, but you can never truly know someone’s intentions behind the screen. Ive personally been in a situation where I needed an extra loan, Shasan accepted it twice and I paid him back. I’m not saying others would do the same, but we can’t judge Shasan or Tryninja based on a single case.

Maybe Shasan and others can create a list of members eligible for loans based on their work or connections within the community. For instance, certain people wouldn’t risk their reputation, while having active jobs or connections with projects. In the other side, other members their reputation were built around the small loan they take and keep paying back till they take a huge amount and run.

[Free Market Capitalist]

What strikes me about this case is that he’s not just some nobody. He’s been on the forum since 2012 and has a history of many successful loans repaid. But in the end, someone who is addicted to loans and willing to pay exorbitant interest rates on them is a ticking time bomb.

I've picked a random example of a loan:

Want $320 for 2 days, 10%

In other words, someone who pays 10% interest for two days is effectively paying 1,825% annual interest. Since the loan is small and short-term, it doesn’t seem that alarming, but that’s a direct path to financial ruin.

We’re surprised by the default, but that kind of person surely didn’t just get loans from the forum. He’ll have credit card debt, personal loans, and/or payday loans. In the end, disappearing from the forum when your debts are suffocating you is the easiest thing to do.

Flag supported.

[bitbollo]

This user has always offered this high return (personally I loaned a really small amount few years ago... ).
Anyway rarely I would leave a +trust that could appear missleading (the fact that an user repay the loans doesn't really means "he can be trusted").
Default a loan with an account "old" that in general was getting loan without collateral (including trust for it) could not be seeing really a bargain offer (just to mention that users earn with sigantures...)

What do you think about the long post break between 2023/2024 ?
He has sold the account or there is always the same user behind?

[AHOYBRAUSE]

Sad to see and sorry to hear that. Honestly though, I somehow saw it coming. I mean I have loans from Shasan myself and it's tricky to pay everything on time sometimes, which makes it more expensive in the long run with extensions and stuff, I totally get that. But a guy that's not in a campaign ( no clue if he ever was as well ), always only hanging around in the lending section, that was always a red flag for me somehow.

Anyway, afterwards it's easy to talk of course, that doesn't help anything. Too bad it ended like this!

[Bitcoin_Arena]

But a guy that's not in a campaign ( no clue if he ever was as well ), always only hanging around in the lending section, that was always a red flag for me somehow.

He wasn't in any, at least during the course of the loan. I think in one of the posts he even said he was looking for a job, and it made me wonder why he wouldn't monetize his account in the meantime. I know joining a signature campaign is not the same as having a job because it's not a form of employment, but it could have helped reduce the loan given it was a legendary account with some good reputation. The members gave him no collateral loans based off his past transactions and positive feedback.

[TheUltraElite]

Flag supported from my end.

This account was involved in many high return loans since a long time. They mostly visited the forum to initiate loan requests and then go silent till they paid back. Either way, one fine day it would be expected that they would default and not come back.

Still we can be hopeful that he might just return. Lending is risky and this risk comes with the offer.

[hugeblack]

Flag supported
This is my first time dealing with @mnightwaffle, but it is unfortunate to see the account turn into a scam after all these years and +10 trust.

Code:

~mnightwaffle

[Coyster]

Flag supported.

This user has been inactive since June 2025, that's a very long time. Did you try reaching him off the forum, maybe on Telegram or something? Since he made a lot of deals on the forum, surely someone must have communicated with him off the forum at some point.

That said, because of his positive feedbacks, we could give him the benefit of the doubt that something's up with him in real life and he could prolly come back sometime later to repay his active loans. But until then, the feedback and flag should serve as a warning to others.

[albon]

This user has been inactive since June 2025, that's a very long time. Did you try reaching him off the forum, maybe on Telegram or something? Since he made a lot of deals on the forum, surely someone must have communicated with him off the forum at some point.

That said, because of his positive feedbacks, we could give him the benefit of the doubt that something's up with him in real life and he could prolly come back sometime later to repay his active loans. But until then, the feedback and flag should serve as a warning to others.

This is indeed true. If someone is also taking money they need he borrows to gamble with or is not managing these funds correctly, then by continuously paying such high interest, he will undoubtedly fall into a real financial predicament.

Perhaps this high interest, added to small loans, was a calculated attempt to build a temporary reputation and prepare for an exit from the forum, as happened.

Therefore, placing a warning trust on his account and supporting the flag is a precautionary measure in case he returns again in the future to request loans.

[JeromeTash]

Flag supported.

This user has been inactive since June 2025, that's a very long time. Did you try reaching him off the forum, maybe on Telegram or something? Since he made a lot of deals on the forum, surely someone must have communicated with him off the forum at some point.

TryNinja did try to find ways of reaching out to him, including trying to find out if there was anyone in direct contact with him but all in vain. Even the past trading partners no longer have a way of reaching out to him. So that option seems a dead end

Whatever happened to him, we will probably never know.

[dkbit98]

Flag supported.
It's a shame this member ruined his account because of this loan case.
Maybe his account changed hands, or something else happened to him because he was not active for a long time in forum.

[Kavelj22]

Maybe his account changed hands, or something else happened to him because he was not active for a long time in forum.

The only excuse is that he might passed away or actually living in jail. The account is inactive which means that it didn't change hands by all means. And even though, the person can still contact the borrower in telegram or by creating another forum account. We are talking about a reputed veteran forum member who should be aware about how to save his codes.

Don't neglige the situation. The due amount is not small and can be considered a big fortune in many third world coutries. My guess is haa other forum accounts and he sacrificed this one in exchange of not paying the debt. But what I am somehow sure about, is that he really doesn't have money to pay, but this is not a reason to deseappear like this.

[Timelord2067]

Though there is no feedback about any other active non-collateral loan but I think there must have others active non-collateral loan. I think 0.00866295 btc due in TryNinja as well. Reference: https://bitcointalk.org/index.php?topic=5535597.msg65265646#msg65265646 There might have more if that is not posted on the thread.

Yes, I haven't received anything and can't get contact with him.

I've only just come across this thread as I've been mostly offline recently.

@TryNinja - I went to your trust feed back page and couldn't find any notation that you have an active loan with mnightwaffle.  I did notice however, that you have had loans with another user who also takes out unsecured loans in the hundreds of dollars.

You sent that user $1000 then a day later $500 some 13 months ago and they confirmed receipt, however, there is noting to say that you were repaid that loan.

Were you repaid?  Why I ask is because that user stopped posting just one week (nine days) after mnightwaffle.  Same M.O. - multiple unsecured loans and falling silent a week apart.

2025-04-16 - https://bitcointalk.org/index.php?action=profile;u=71414;sa=showPosts;dt
2025-04-25 - https://bitcointalk.org/index.php?action=profile;u=2221175;sa=showPosts;dt


@DaveF posted this on the other person's trust feed back page:

DaveF

2025-06-23

Loan paid.

Three days later was the last time mnightwaffle was last active: https://bitcointalk.org/index.php?action=profile;u=71414;dt - Archive [1] [2] / BPIP [1] [2]




Plus, you've neither supported the flag, nore posted on mnightwaffle's trust feedback wall.