We recently received a troubling complaint regarding a cryptocurrency scam involving a fraudulent staking service named Stakingfarm. According to the case details, the victim, who preferred to remain anonymous, lost over $1,000 with their partner to this scheme. The scam operates through the website stakingfarm.com, luring unsuspecting investors with promises of high returns on their cryptocurrency investments.

The victim reported that they sent 0.01127872 BTC (approximately $595.91) to the Bitcoin address 3G1izyCrLrghRLGRvcnsVTSm2nvgDip7AP. Despite the transaction being completed and confirmed, the promised returns never materialized, and all attempts to contact the operators of Stakingfarm have gone unanswered. This scam has affected several individuals, and it is crucial to spread awareness and caution others about this fraudulent activity.

If Stakingfarm has also scammed you, please share your story with us.

Receiving Address Analysis: 3G1izyCrLrghRLGRvcnsVTSm2nvgDip7AP

The receiving address 3G1izyCrLrghRLGRvcnsVTSm2nvgDip7AP, implicated in the Stakingfarm scam, reveals the significant activity that aligns with the complaint received. The address has been involved in 13 transactions on the Bitcoin blockchain. It has received a total of 0.02768124 BTC, equivalent to approximately $1,760.28, and has sent out the same amount, confirming its current zero balance. The total volume of transactions for this address stands at 0.05536248 BTC, which is about $3,520.55.

Analyzing the transaction history, it becomes evident that the address has been used consistently for transactions, with notable amounts being sent and received. For instance, on July 9, 2024, the address received 0.01120000 BTC, equivalent to $712.22, from another address and on the same day sent out 0.01650000 BTC, approximately $1,049.25, to a different address. This pattern of receiving and sending similar amounts indicates that the address was actively moving funds, likely as part of the scam operation.

The specific transaction linked to the victim’s complaint matches the details provided. On July 9, 2024, 0.01127872 BTC (approximately $595.91) was sent to the address 3G1izyCrLrghRLGRvcnsVTSm2nvgDip7AP. The alignment between the transaction data and the complaint details strongly suggests that this address is part of the reported fraudulent activity.

Furthermore, despite the significant total volume, the consistent zero balance indicates that the address is used merely as a pass-through point, a common characteristic of scam operations where funds are quickly moved to other addresses to obfuscate the trail and hinder recovery efforts. This analysis reinforces the credibility of the complaint and highlights the suspicious nature of the transactions associated with the address in question.

Domain Analysis

The WHOIS information for stakingfarm.com reveals some notable details. The domain was registered relatively recently, which is often a red flag for scam sites. The registrant’s information is obscured through privacy protection services, making it difficult to identify the individuals or organizations behind the domain. This lack of transparency is a common characteristic of fraudulent websites, as it prevents victims from easily tracing or contacting the responsible parties.

A reputable provider hosts the website, but this alone does not guarantee legitimacy. The traffic analytics show that stakingfarm.com has minimal organic search traffic, indicating that it is not well-established or recognized within the cryptocurrency community. The site has seen some traffic spikes, possibly due to temporary promotions or scam campaigns targeting new victims.

The site ranks for only nine keywords, none generating significant traffic. The top keywords include terms like “kaspa staking,” “staking farming,” and “pokefarm referral,” with low search volumes and no cost-per-click (CPC) value. This poor organic search performance suggests that search engines do not consider the site a reliable source of information or services. The low keyword volume and ranking positions indicate that the site may not be actively maintained or promoted.

Stakingfarm.com has a total of 37.8K backlinks from 903 referring domains. While many backlinks might seem impressive, the quality of these links is questionable. Many backlinks come from low-authority sites or are marked as “nofollow,” indicating they do not pass SEO value. The presence of numerous backlinks from dubious sources can be a tactic used by scammers to create a facade of legitimacy. Furthermore, the engagement metrics, such as a high bounce rate and short average visit duration, imply that visitors do not find the site valuable or trustworthy.

Stakingfarm.com Review

The StakingFarm website presents itself as a sophisticated platform designed to offer liquidity pooled staking for various cryptocurrencies. The site promotes its services as a hassle-free solution for earning passive income through staking, boasting about its security measures, lucrative rewards, and user-friendly interface. The home page prominently features claims such as having over 300,000 users and $40 million in rewards paid out. These numbers are intended to establish credibility and attract new users by suggesting a well-established and successful operation.

The website details several staking plans with daily payouts and capital return guarantees. These plans range from short-term one-day trials to extensive 60-day contracts with high daily rewards and referral commissions. For example, users can supposedly earn $1.00 daily for a one-day ETH trial plan, scaling up to $4,000.00 daily for a 60-day Ethereum-Pro plan. The site also advertises bonuses, including $50 trial credits upon registration and a 5% referral commission.

StakingFarm emphasizes fund security, claiming partnerships with regulated entities and implementing strict protocols to protect investors’ assets. It also touts a dedicated customer service team available 24/7, an expert team for equipment and software debugging, and various educational resources through blog posts and news articles.

The site includes contact details such as an email address (info@stakingfarm.com) and a physical address (128 City Road, London, United Kingdom, EC1V 2NX). These details are meant to convey legitimacy and provide users with channels for support and inquiries. Additionally, the site mentions a founder, Klajdi TOCI, whose backstory and vision for the company are outlined to give a personal touch and further build trust.

Red Flags

While the site is well-designed and appears professional, several aspects raise serious concerns. The promise of high, fixed returns is a major red flag. Legitimate investment platforms typically do not guarantee returns, especially not at the extraordinarily high rates advertised by StakingFarm. Scams often use referral bonuses and trial credits to expand their user base and bring in more funds quickly.

1. Guaranteed High Returns: The site promises fixed daily payouts and high returns on investments, which is highly unrealistic and indicative of a scam.
2. Referral Bonuses and Trial Credits: These incentives are common in pyramid schemes, and they are designed to lure more users into the scam.
3. Unrealistic Claims: The site’s claims of having over 300,000 users and $40 million in rewards paid out, without verifiable evidence, are highly questionable.

Stakingfarm.com Reviews

The Google search results for Stakingfarm.com provide a mix of insights, reviews, and red flags that collectively paint a concerning picture of the platform. Several sources suggest that Stakingfarm.com is a scam, with user testimonials and analysis from review websites corroborating these claims.

On Quora, a user described Stakingfarm.com as a scam, stating that the platform initially gains users’ trust before locking their funds. This behavior is typical in scam operations, where the initial deposits are accepted to build confidence, only to be followed by inaccessible funds when users attempt withdrawals.

ScamMinder notes several red flags that indicate potential fraudulent activity.

The Scam Detector website gives Stakingfarm.com a medium trust score of 51, indicating uncertainty about the site’s legitimacy.

On Reddit, within the r/ethtrader community, users have expressed skepticism about Stakingfarm.com. One user flagged it as potentially fraudulent, citing the platform’s unrealistic promises and lack of transparency. Others in the community share this skepticism, warning against trusting platforms that offer guaranteed high returns without substantial evidence of their legitimacy.

Mickey Tomar’s Medium article explicitly labels Stakingfarm.com as a fraudulent platform engaged in sophisticated cybercriminal schemes. This article provides a detailed warning about the platform’s activities and urges potential users to avoid it to protect their funds.

Conclusion

After thoroughly investigating Stakingfarm.com, it becomes clear that this platform exhibits numerous characteristics consistent with fraudulent schemes. Promised high returns, extensive referral bonuses, and minimal transparency are significant red flags that cannot be ignored. User testimonials and critical analyses across various platforms reveal a troubling pattern of behavior where users’ funds are locked, and withdrawals are denied after initial deposits. This aligns with the typical modus operandi of many cryptocurrency scams.

The inconsistent trust scores from automated review sites further muddy the waters, as detailed user experiences and expert warnings contradict them. While some promotional articles attempt to paint a positive picture of Stakingfarm.com, these are often paid placements that lack the scrutiny of independent verification. The discrepancies between these promotional pieces and the genuine user feedback raise serious doubts about the platform’s integrity.

In light of these findings, it is reasonable to conclude that Stakingfarm.com is highly likely to be a scam. The consistent negative feedback, the unrealistic financial promises, and the lack of operational transparency point to a concerted effort to deceive and defraud investors.