Stakedwallet.io started as a site whereby simply holding your funds on the website you gain 0.2% per day, and if you stake your money over time you get a higher rate, if you lock it for 30 days or longer.
Their business plan was to convince people they were legit, get their app on google play store and exit scam when they had taken enough money from people, or they didn't have enough left to pay all requested withdrawals. New take on classic hyip. Quick money for people with a semi convincing back story.
They had reasonable reviews on play most probably fake 3 or 4 stars, I can't remember
I downloaded the app intrigued at how google allowed this blatant scam to be listed on the play store. I created a profile and by just having an account stakedwallet gave me free money 1.02$ worth in the form of their shit coin.
But wait is there a catch?
Yep, You have to make a positive review of them on youtube in order to convert their shitcoin into dogecoin or bitcoin with a value.
I didn't deposit to their site, I was tempted to deposit and withdraw after a day or two to make that sweet sweet 0.2% per day but didn't get to. One time I went back to the site stakedwallet.io the website was gone.
I googled it, and thought it was a bit soon for a scam/hyip to exit scam and I was right. For whatever reason they changed the url to stakedwallet.biz and I could still login. My 1.02 dollar of shit coin was safe (but I still couldn't withdraw).
Fast forward a few days and today we find the stakedwallet.io website is down
I decided to check the app, and it forced me to updated and then gave me a screenshot of an upside down ladybird and didn't work.
Screenshot from the android app:
The reviews on google play are now at 1.5/5 and they have been getting " help I can't withdraw!" reviews for several days.
There are better ways to lose money than investing in schemes like this! It's sad and tough to deal with gangsters like this but some people need lessons where they lose so they think twice the next time.
I lost my 1.02 shitcoin they gave me.
Coin telegraph was calling bs on them a few weeks ago.
This post reminds me of a video post. The guy said he was making 0.31 BTC a month. He put 1.3 BTC in, and then his deposit gets cut into half, but this 0.31 BTC was supposed to be some kind of income that would last for a while. If the site stays up four months, then he would exit with about as much as he put in. But I am thinking... scam.
Yeah there's examples of sites where they say you can't withdraw your capital at the end of your investment, so exactly what you are saying if you wait long enough and are lucky you might get profit off someone else's deposits, otherwise you might just get a proportion of your own money back and lose the rest.
Certainly not a sustainable investment plan!
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