CoinDesk Reports & Reviews

CoinDesk Reports & Reviews (1)

- Roseland, NJ, USA • Dec 26, 2024

Scammer's phone 1(609) 568-8587
Scammer's website coindesk.top
Scammer's address NJ, USA
Country United States
Victim Location NJ 07068, USA
Type of a scam Employment

Portal Login for application is at coindesk.top. After login, the address redirects to coindesk.cyou for user to complete 3 sets of 45 'tasks'; tasks include pressing of start button and submit button 45 times. Occasionally but not randomly, application force withdraws against user account. User is then required to deposit another sum of money in order to 'release' the funds being held. Along with coercion from 'coaches' and necessitated deposits and withdrawals, the app's uses panic to corner the user into diving deeper into the pyramid. The fundamental problem is that you do not have actual additional gains at higher tiers it only appears so because the number yield is larger, but the percentile margin and relative gains do not actually change with Tier. The pyramid's goal is a pump and dump scheme on the btc coin exchange; using user based funds the large staked coin can be transferred into lower staked coins on the market. Using differentials, profit is made through simple small-scale market manipulations.

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