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E-wallet earns 1.5%/day: Is it a scam?

According to the primexbt blog, Jan Kowalski warns people to stay away from an app called StakenWallet. This site provides a proof-of-stake (proof of stake) investment method, the longer the wallet is kept, the more interest the user will receive.

The initial interest rate is 0.6%/day and after 9 months will increase to 1.5%/day. Getting such a nice profit so easily seems to be a sign of a scam, like many famous cases in the past like BitConnect.



1. Signs of a scam

At first glance, this app received positive reviews on Google Play, App Store and even Trustpilot. However, if you check carefully, you will find that the reviews sound extremely vague, or lack logic.

An account named Gabriel Cătălin Baltac wrote on Trustpilot on April 19 that he had earned "millions of Bitcoins" using the app:

"Awesome app I've earned millions of Bitcoins thanks to it. Thanks!"

Meanwhile, according to the announcement, the total supply of BTC is only about 18.34 million.

See more: XRP Reaffirms Long-Term Trend: Why Is This Necessary for Bulls?

2. Many similarities with Westland Storage

Out of 945 reviews on Trustpilot, only 4% rated it bad and 93% rated it 'excellent' or 'excellent'. However, the bad reviews have one thing in common: they all mention 'Westland Storage':

*"You must be arrested. I will pursue this case and then you will all get the results. I will see you incarcerated. The only way is to give me my money back. Give me back my money, scammer. island. Imitating Westland Storage and now stakeswallet.io has stolen my 10 LTC. Give it back..."

Kowalski's post also mentions Westland Storage, a Ponzi* cryptocurrency scam that happened in late 2018 and is now gone. Kowalski even claimed that the people who create StakenWallet now are the same people who operated Westland Storage before.

His article demonstrates the many similarities of StakenWallet with Westland Storage. Kowalksi pointed out the similarity in the interface of the two apps, StakenWallet's SWL token is slightly changed from Westland Storage's WSL token.

Kowalski - the victim of the Westland Storage scam 2 years ago - gives a relevant proof. This guy signed up for a StakenWallet account and immediately saw the similarity:

"I can tell immediately. The same type of interest, the token in StakenWallet called SWL is suspiciously similar to Westland Storage (because Westland Storage's token is WLS), StakenWallet also has the same user interface as Westland Storage in accordance with Westland Storage. literally. The two are actually very similar."

The website of StakenWallet provides links to documents proving the business is legally registered in Australia. However, according to Kowalski, Westland Storage also previously had a business registration.

According to figures from a free SEO tool, StakenWallet's website traffic has skyrocketed from 72 clicks per month to 437,000 times in the past 3 months. But this website does not provide any information of the owner. Despite trying to contact the website owner, no response so far.

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