We received a report of someone losing over 2000$ to: “blockchainbbank.com”

Our Advice: It's a Scam! Stay Away! This is a well designed ponzi created to steal your funds.

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#TrendingTopic #BTC #ETH #Memecoins #Web3

Concerning Facts: 

  1. They claim to be “a decentralized bank built by the global community” and have “a PoS (Proof-of-Stake) mechanism is employed to reward participants”.

  2. They claim to be “a new ecological platform on the parallel universe, the first decentralized comprehensive financial platform globally empowered.”

  3. Social Media links on the site just lead to the main sites and are not links to the project.

Red Flags:

  1. The site requires you first purchase a plan (Regular/Open) by paying in BNB or USDT.

  2. They promise an income of 182.5% ~ 279% with a daily rate of upto 3%. 

  3. They claim you can start staking with 1 USDT however when you try it requires 10 USDT

  4. The project requires you to pay 10% in “devs fees”.

  5. They claim that you can withdraw anytime, however they have a withdrawal fee of 10% for any day except Sunday. 

  6. They say they have a “reward program”, requiring you to create a team from referrals.

  7. They promise 20% from each level 1 referral staking and 3% profit reward for each level1 referral profit amount. 

  8. However unless you stake yourself you cannot receive referral earnings.

  9. There are 5 levels that the user can upgrade to based on staked amounts 40-5000 USDT.

Associated Contract:

  • 0x30e97b0b8d27009A061Dc81E8c3E14C796dd7b78

  • The contract contains a backdoor function which could lead to losses for participants(usually rugpull risks).

This has all the hallmarks of a scam promising high returns but never actually providing any. Income generation seems to be via referring new members and having them stake funds. The scheme will fall flat as soon as incoming members dry up.

It can never be stressed enough: Always #DYOR! Do not buy into projects that seem to promise unbelievable rewards!!