Author

Topic: Legendary Member loan defaulted 0.04 BTC (Razerglass) (Read 568 times)

copper member
Activity: 2562
Merit: 2510
Spear the bees
Razerglass effectively destroying his reputation for 0.04BTC. What a loser! Sorry for your loss shasan.
The fact that the price has increased dramatically since the loan was taken out may have contributed to the default. I know I took a fairly large loan around that time as well and had to pay two to three times as much (in fiat). Razerglass most likely did not consider any potential price increases and could not hedge the price... or they just had no means to repay the loan. Note the bitcoin price from April to May... quite a large jump.
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
Razerglass effectively destroying his reputation for 0.04BTC. What a loser! Sorry for your loss shasan.

Edit - I wonder, is the account sold? The email address was changed recently.
legendary
Activity: 2604
Merit: 2353
What happened:: Loan Defaulted

Scammers Profile Link: https://bitcointalksearch.org/user/razerglass-360915

Reference Link: https://bitcointalksearch.org/topic/m.50427412
Archived: https://archive.fo/Y6Uxd#selection-10947.0-11135.7

Amount Scammed: 0.04BTC
Payment Method: BTC
Proof of Payment: https://www.blockchain.com/btc/tx/2b21bbc8045f5ee318891692a744851a73ea34430fb3cbab6972ba9677251e16

Additional Notes: I have waited a long time for the repayment the person login into the bitcointalk account but never responding me.
Flag: https://bitcointalk.org/index.php?action=trust;flag=559

Ok I'm supporting your flag and I have tagged his account but I will delete it if Razerglass pays back the rest of the due loan.
But Shasan, I'm sorry but I didn't find the pay back adress of the loan, could you provide it please, so everybody can easily check how much amount has been paid, and how much it remains to pay back? Thank you.
The repayment is 3FfZsRV2jDB3WyRq5kWroNNpirrnHoLihp, it was already stated in the reference link.
However, you still need confirmation from shasan as that address is not only used in a single loan transaction as repayment address.
Thank you, you're right we can find the "repayment adress" in this post https://bitcointalksearch.org/topic/m.50427412
Unfornately the address has been used for other transactions and Razerglass seems to not have used his initial address for the repayment. So we can't track anything  Undecided
https://www.blockchain.com/fr/btc/address/3FfZsRV2jDB3WyRq5kWroNNpirrnHoLihp
hero member
Activity: 3094
Merit: 606
BTC to the MOON in 2019
What happened:: Loan Defaulted

Scammers Profile Link: https://bitcointalksearch.org/user/razerglass-360915

Reference Link: https://bitcointalksearch.org/topic/m.50427412
Archived: https://archive.fo/Y6Uxd#selection-10947.0-11135.7

Amount Scammed: 0.04BTC
Payment Method: BTC
Proof of Payment: https://www.blockchain.com/btc/tx/2b21bbc8045f5ee318891692a744851a73ea34430fb3cbab6972ba9677251e16

Additional Notes: I have waited a long time for the repayment the person login into the bitcointalk account but never responding me.
Flag: https://bitcointalk.org/index.php?action=trust;flag=559

Ok I'm supporting your flag and I have tagged his account but I will delete it if Razerglass pays back the rest of the due loan.
But Shasan, I'm sorry but I didn't find the pay back adress of the loan, could you provide it please, so everybody can easily check how much amount has been paid, and how much it remains to pay back? Thank you.
The repayment is 3FfZsRV2jDB3WyRq5kWroNNpirrnHoLihp, it was already stated in the reference link.
However, you still need confirmation from shasan as that address is not only used in a single loan transaction as repayment address.
legendary
Activity: 2604
Merit: 2353
What happened:: Loan Defaulted

Scammers Profile Link: https://bitcointalksearch.org/user/razerglass-360915

Reference Link: https://bitcointalksearch.org/topic/m.50427412
Archived: https://archive.fo/Y6Uxd#selection-10947.0-11135.7

Amount Scammed: 0.04BTC
Payment Method: BTC
Proof of Payment: https://www.blockchain.com/btc/tx/2b21bbc8045f5ee318891692a744851a73ea34430fb3cbab6972ba9677251e16

Additional Notes: I have waited a long time for the repayment the person login into the bitcointalk account but never responding me.
Flag: https://bitcointalk.org/index.php?action=trust;flag=559

Ok I'm supporting your flag and I have tagged his account but I will delete it if Razerglass pays back the rest of the due loan.
But Shasan, I'm sorry but I didn't find the pay back adress of the loan, could you provide it please, so everybody can easily check how much amount has been paid, and how much it remains to pay back? Thank you.
hero member
Activity: 3094
Merit: 606
BTC to the MOON in 2019
This is part of the risk in lending without collateral, as what I've noticed, you have already reported a lot of loan defaulters (correct me if Im wrong), so I suggest you review your terms so you can control the risk. I was not one of your borrower's but I'm just concern on individuals business here as you help us a lot when we are in times of need. Supported.
I wonder if shasan is running the business in profit or lose. I have seen a lot of scam accusations from him of his borrowers defaulted the money. I have seen people to close their lending business here in several times.

DarkStar_ seems a lender who is running the lending business without creating any scam accusations (at least so far I have not spotted any yet). Experience must be a role to consider for this type of business.
DarkStar_ was/is a legendary at least from when I am seeing. As well as DarkStar_ is a DT1 running a good campaign that's why people can give DarkStar_ collateral. I noticed DarkStar_ recently started non-collateral loan but earlier it was collateral base only.
And so far, his non collateral lending is doing well, so he can be a good example of a successful lender with low defaulths and if you can ask for some tips on how to evaluate a applicants, you should try, hehe.
legendary
Activity: 2772
Merit: 3284
DarkStar_ seems a lender who is running the lending business without creating any scam accusations (at least so far I have not spotted any yet). Experience must be a role to consider for this type of business.

I've taken a few defaults in the past but for the most part I just tagged them and moved on. Currently I'm offering only low risk loans and haven't had any defaults (yet anyway), while shasan generally charges higher interest but will take larger risks.
copper member
Activity: 2380
Merit: 1302
Playbet.io - Crypto Casino and Sportsbook
Supported red flag and left negative feedback as well.
Thank you.
I doubt any campaign will accept him if he is tagged by DT1
ALready tagged and flagged.
Thanks all you guys for supporting the flag.
legendary
Activity: 2408
Merit: 4282
eXch.cx - Automatic crypto Swap Exchange.
Supported flag and will be leaving account a negative feedback too. Cases like this, is what discourages present and future lenders from giving out collateral free loan which affects the genuine loan seekers without collateral. The user in question is clearly not interested in paying back the loan because if he/she was but was in loss, with his rank status, the user can easily payback the loan in matter of weeks by joining a quality signature campaign.

Also notice a recent change of email on users account, was this done after or before the loan request/default?.
copper member
Activity: 2142
Merit: 1305
Limited in number. Limitless in potential.
Supported the flag.

I wonder if shasan is running the business in profit or lose. I have seen a lot of scam accusations from him of his borrowers defaulted the money. I have seen people to close their lending business here in several times.
If he's in lose, I guess he closes his lending business already, but it's not.
full member
Activity: 2324
Merit: 175
That's unfortunate that the loan value is now doubled the amount, that's one of the risks of getting a loan, but it's much riskier for lender because it's his loss from this transaction, the guy can continue to post here but I doubt any campaign will accept him if he is tagged by DT1 
legendary
Activity: 2464
Merit: 3878
Hire Bitcointalk Camp. Manager @ r7promotions.com
Flag supported and also left a red tag for the user. I am sorry to know about your lose bud.

At the time of repayment, it was below 200$ and at the time of taking loan, it was only 189$.

0.04BTC is more than $400 in today's price. It's not looking small amount anymore.

if many legendary members will do this, lenders will take out legendary's privileges to get a loan without collateral.
Not all legendary worth to have the respect of a legend. Before spammers, scammers were ranked up easily. Thanks to merit system. An account with seriously earned merit will never do that.
hero member
Activity: 2926
Merit: 567
Lending is a very risky business. This must be very hard for you. Legendary member with positive feedback from DT, also a long term active member but was not able to repay only 0.04 BTC.

Either he really is going though tough time and gave up or he his intention was bad from the beginning. Either way, it's not acceptable.

Tagged him and also supported the flag.
At the time of repayment, it was below 200$ and at the time of taking loan, it was only 189$.

I supported the flag, this is a trust only business you gave him a loan because of his rank, even if the rate is doubled he should do something to pay the loan, if many legendary members will do this, lenders will take out legendary's privileges to get a loan without collateral.
legendary
Activity: 2800
Merit: 2736
Farewell LEO: o_e_l_e_o

Anyway, I just hope that you are not losing much in this business. Good luck brother.
copper member
Activity: 2380
Merit: 1302
Playbet.io - Crypto Casino and Sportsbook
This is part of the risk in lending without collateral, as what I've noticed, you have already reported a lot of loan defaulters (correct me if Im wrong), so I suggest you review your terms so you can control the risk. I was not one of your borrower's but I'm just concern on individuals business here as you help us a lot when we are in times of need. Supported.
I wonder if shasan is running the business in profit or lose. I have seen a lot of scam accusations from him of his borrowers defaulted the money. I have seen people to close their lending business here in several times.

DarkStar_ seems a lender who is running the lending business without creating any scam accusations (at least so far I have not spotted any yet). Experience must be a role to consider for this type of business.
DarkStar_ was/is a legendary at least from when I am seeing. As well as DarkStar_ is a DT1 running a good campaign that's why people can give DarkStar_ collateral. I noticed DarkStar_ recently started non-collateral loan but earlier it was collateral base only.
legendary
Activity: 2800
Merit: 2736
Farewell LEO: o_e_l_e_o
This is part of the risk in lending without collateral, as what I've noticed, you have already reported a lot of loan defaulters (correct me if Im wrong), so I suggest you review your terms so you can control the risk. I was not one of your borrower's but I'm just concern on individuals business here as you help us a lot when we are in times of need. Supported.
I wonder if shasan is running the business in profit or lose. I have seen a lot of scam accusations from him of his borrowers defaulted the money. I have seen people to close their lending business here in several times.

DarkStar_ seems a lender who is running the lending business without creating any scam accusations (at least so far I have not spotted any yet). Experience must be a role to consider for this type of business.
hero member
Activity: 3094
Merit: 606
BTC to the MOON in 2019
Lending is a very risky business. This must be very hard for you. Legendary member with positive feedback from DT, also a long term active member but was not able to repay only 0.04 BTC.

Either he really is going though tough time and gave up or he his intention was bad from the beginning. Either way, it's not acceptable.

Tagged him and also supported the flag.
At the time of repayment, it was below 200$ and at the time of taking loan, it was only 189$.
This is part of the risk in lending without collateral, as what I've noticed, you have already reported a lot of loan defaulters (correct me if Im wrong), so I suggest you review your terms so you can control the risk. I was not one of your borrower's but I'm just concern on individuals business here as you help us a lot when we are in times of need. Supported.
legendary
Activity: 2408
Merit: 2226
Signature space for rent
Supported red flag and left negative feedback as well. Hope he will respond on this thread in order to resolve issue. I don't think he will damage his forum account just for 0.04BTC. It's not very easy task to build a legendary account now a days. So I can't imagine that je will not repay. PM me if resolved this case.

OP sorry for your loss, and welcome to the community.
copper member
Activity: 2380
Merit: 1302
Playbet.io - Crypto Casino and Sportsbook
Lending is a very risky business. This must be very hard for you. Legendary member with positive feedback from DT, also a long term active member but was not able to repay only 0.04 BTC.

Either he really is going though tough time and gave up or he his intention was bad from the beginning. Either way, it's not acceptable.

Tagged him and also supported the flag.
At the time of repayment, it was below 200$ and at the time of taking loan, it was only 189$.
legendary
Activity: 2800
Merit: 2736
Farewell LEO: o_e_l_e_o
Lending is a very risky business. This must be very hard for you. Legendary member with positive feedback from DT, also a long term active member but was not able to repay only 0.04 BTC.

Either he really is going though tough time and gave up or he his intention was bad from the beginning. Either way, it's not acceptable.

Tagged him and also supported the flag.
copper member
Activity: 2380
Merit: 1302
Playbet.io - Crypto Casino and Sportsbook


Great. Do you have any additional info, has he replied at all via PM etc etc?  Roll Eyes
Here is the last response by him and that is about 3months ago:
Already 3 weeks passed but still no repayment. Can you please repay the loan? https://bitcointalksearch.org/topic/m.50427412

Shasan, please give me time untill the end of May. I will send the full amount with the +50% full interest in 24 days. I am in a huge trouble, I expect understanding by your side.
I know, this is business and you are not supposed to extend the loan for my own mistakes.
There is no chance for me to pay the loan this week and I promise I will send the full amount at mentioned date.
I am really sorry for such situation...
Best regards.
legendary
Activity: 3570
Merit: 1959


Great. Do you have any additional info, has he replied at all via PM etc etc?  Roll Eyes
copper member
Activity: 2380
Merit: 1302
Playbet.io - Crypto Casino and Sportsbook
I've tagged him red until this is resolved. Good work archiving it etc. Wink

Maybe a flag? :thinkingface:
Created already: https://bitcointalk.org/index.php?action=trust;flag=559
legendary
Activity: 3570
Merit: 1959
I've tagged him red until this is resolved. Good work archiving it etc. Wink

Maybe a flag? :thinkingface:
copper member
Activity: 2380
Merit: 1302
Playbet.io - Crypto Casino and Sportsbook
What happened:: Loan Defaulted

Scammers Profile Link: https://bitcointalksearch.org/user/razerglass-360915

Reference Link: https://bitcointalksearch.org/topic/m.50427412
Archived: https://archive.fo/Y6Uxd#selection-10947.0-11135.7

Amount Scammed: 0.04BTC
Payment Method: BTC
Proof of Payment: https://www.blockchain.com/btc/tx/2b21bbc8045f5ee318891692a744851a73ea34430fb3cbab6972ba9677251e16

Additional Notes: I have waited a long time for the repayment the person login into the bitcointalk account but never responding me.
Flag: https://bitcointalk.org/index.php?action=trust;flag=559
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