Author

Topic: Loan Default by aliveNFT (Read 828 times)

copper member
Activity: 2422
Merit: 1313
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December 21, 2024, 09:35:10 PM
#47
perhaps I might have skipped giving it.
I have skipped too and lately sent only 50$ but while the user joined the campaign and asked for another loan (500$) I thought 550$ risk is okay as the user is in a campaign and the activity is good enough (based on the merit).

$180 and leave the forum is stupid.
I noticed rising number of loan default scams, this has become a very risky thing to do in bitcointalk forum.
The user defaulted a total 700$ and including interest, the total amount is 940$.

I hope that he will respond
He will never respond.
legendary
Activity: 3542
Merit: 3625
Crypto Swap Exchange
December 21, 2024, 05:26:33 AM
#46
Although I suppose it doesn't hurt to reflect the trust there in the unlikely event that he tries to reactivate the account and monetize it on shitcointalks.
There are no significant trades on that forum, so the risk that such a user will deceive someone is very small. The only thing they can do is join a campaign, but even that would be recognized quickly, so the manager could direct the payment for debt repayment here. Although the chances for such a development are not real.
legendary
Activity: 1372
Merit: 2017
December 21, 2024, 01:40:03 AM
#45
@Shasan or @DaveF it looks like the same guy has a certain profile at Altcoinstalk which he teleported in October (https://www.altcoinstalks.com/index.php?action=profile;u=99636). I don't know how things work over there, but I think it should be ok to make a similar report about his character over there and perhaps get that profile tagged too.
He might attempt to use that profile to participate in the signature campaign or even scam someone else ones the heat has cooled down.

Well, there doesn't seem to be much risk of him trying to use that account for anything because it hasn't been active since

Quote
November 10, 2024, 07:42:44 PM

and only wrote two posts, the last one on October 24.

It sounds to me that the bitcoin campaign managers are the same, and I assume that when they go to hire someone new, teleported as you can clearly see in their profile, they will take a look at the account here.

Although I suppose it doesn't hurt to reflect the trust there in the unlikely event that he tries to reactivate the account and monetize it on shitcointalks.
copper member
Activity: 2422
Merit: 1313
Playbet.io - Crypto Casino and Sportsbook
December 20, 2024, 09:09:03 PM
#44
@Shasan or @DaveF it looks like the same guy has a certain profile at Altcoinstalk which he teleported in October (https://www.altcoinstalks.com/index.php?action=profile;u=99636). I don't know how things work over there, but I think it should be ok to make a similar report about his character over there and perhaps get that profile tagged too.
He might attempt to use that profile to participate in the signature campaign or even scam someone else ones the heat has cooled down.

I have tried to provide feedback but I could not do it as it is not allowed to do that it may happen for a lower post/reputation or something like that. But I have created a scam accusation like this post. Those who are on that forum please post there and give negative feedback if you are allowed to do that, thank you.

Although, I may not borrow aliveNFT up to $760 for any reason.
I think the loan amount is 550$ or something like that rest is interest. The interest was higher than usual as the user was at high risk for the loan.

I left a neutral feedback temporary but later removed after few days. I doubt it would matter much though.
I think it would be better if the tag were there for the reference. At maximum lenders check the trusted feedback whether that is neutral, positive, or negative.
copper member
Activity: 2198
Merit: 1837
🌀 Cosmic Casino
December 20, 2024, 04:23:27 PM
#43
@Shasan or @DaveF it looks like the same guy has a certain profile at Altcoinstalk which he teleported in October (https://www.altcoinstalks.com/index.php?action=profile;u=99636). I don't know how things work over there, but I think it should be ok to make a similar report about his character over there and perhaps get that profile tagged too.
He might attempt to use that profile to participate in the signature campaign or even scam someone else ones the heat has cooled down.
copper member
Activity: 2422
Merit: 1313
Playbet.io - Crypto Casino and Sportsbook
December 18, 2024, 10:23:19 PM
#42
To me, I think being on a signature campaign was not enough to have him get a loan worth $700 more-or-so stretching for a 10-week period.
I do not think 10 weeks is a long time to invest time without money while an account build-up takes more than years. The user has left the account as there must have several alt account which has not been discovered.

Simply completing 3 weeks of campaign can easily repay the loan amount.

Even if the user creates the post regularly then s/he would not be removed and if the user could communicate and pay partially then no one would create any scam accusation.

I do not know the reason he has this kind of evil act. Maybe it is health or not but I guess he may not come back to this forum anymore.
The reason is that exit the forum and the user has many more alt accounts which are still uncovered.

I think Shasan may have missed the fact that he already had another active loan.
Yes, I missed it as there was no neutral tag and I have not gone post-history.
copper member
Activity: 2198
Merit: 1837
🌀 Cosmic Casino
December 18, 2024, 10:14:54 AM
#41
We don't know if he was the one who really earned merits and wrote posts.
There is a possibility he just hacked, stole or purchased account around 2022 when his password was reset via email.
Note that I don't have any evidence for this and I didn't investigate his post history.
Most of those accounts participate in forum contests and merit airdropping challenge posts where they amass a lot of merits, after which they either end up going for loans or other avenues where they can exit scam.

In the past month I have seen a couple of accounts fish for some merits, rank up to Jr member or Member and then suddenly change passwords and emails. So you could actually be right.
legendary
Activity: 3500
Merit: 6320
Crypto Swap Exchange
December 18, 2024, 09:56:25 AM
#40
Flag supported and for your post it saves my time Tongue Actually when any borrower hide about any old loan and retake another loan usually turns into scam. Still I could not understand the user has took too long time to build up the account. The merit wasn't received by airdrop but defaulted the loan which could be repaid by only about 2 months.
We don't know if he was the one who really earned merits and wrote posts.
There is a possibility he just hacked, stole or purchased account around 2022 when his password was reset via email.
Note that I don't have any evidence for this and I didn't investigate his post history.

The account had no posts from when it was created until late Dec 2022 according to both loyce.club & ninjastic.space so even if it was bought / hacked it probably would not matter.

Also, interestingly enough he has logged on recently since his last active date changed from the 9th to Recently

Shrug, did not respond here, did not send me a FU message, nothing. Guess it just is what it is.

-Dave
legendary
Activity: 2212
Merit: 7064
December 17, 2024, 05:45:44 PM
#39
Flag supported and for your post it saves my time Tongue Actually when any borrower hide about any old loan and retake another loan usually turns into scam. Still I could not understand the user has took too long time to build up the account. The merit wasn't received by airdrop but defaulted the loan which could be repaid by only about 2 months.
We don't know if he was the one who really earned merits and wrote posts.
There is a possibility he just hacked, stole or purchased account around 2022 when his password was reset via email.
Note that I don't have any evidence for this and I didn't investigate his post history.
Vod
legendary
Activity: 3668
Merit: 3010
Licking my boob since 1970
December 16, 2024, 08:08:34 AM
#38
Sorry for your loss, OP.  If it helps in your investigation, he did PM me about a task just before Halloween.  I responded but I never heard anything. 
legendary
Activity: 2800
Merit: 2736
Farewell LEO: o_e_l_e_o
December 15, 2024, 11:57:34 AM
#37
I know that people used to take accounts as collateral, but these have nowadays started to become worthless.
Account collateral against a $1000 loan is of course worthless.

These accounts who take loans, most of them have no history to preserve for themselves. If I was to lend anyone by valuing the account then the user would receive maximum $50 loan from me. Perhaps then he would do his math's that if he want the account get destroyed or he pays the debt back. Unless he pays the money back the lender really does not have any profit at all.
legendary
Activity: 3500
Merit: 6320
Crypto Swap Exchange
December 15, 2024, 07:28:21 AM
#36
Since we are talking about the issue, I thought it would be better to bring it up. One user HedgeFx is continuously repaying loans, and honestly, his loan needs are beyond my comprehension (none of my business though), as he has paid a great amount in interest. His behavior has earned him a great trust score. I am not saying anything about his credibility, but it seems like he has been in a tight spot for quite a long time, which can lead to future distress. If he is willing to pay around $400 monthly in interest, I am sure this place is the last resort.
Let this post serve as a warning, as proof that you have been given a warning and it was only the greed (20%) that drove you away from logic.
Having said that, I am not accusing anyone but laying out my opinions about lending practices in this wonderful forum.
One more thing: I will not support any flag in the future regarding the case I just outlined (again, I am not saying there will be any flag) since you have been warned.
What is interesting about HedgeFx is that there is NO way that he can come out ahead.
Not to a trained eye (although it is possible) but lots of untrained greedy eyeballs are in this forum. I learned through unbelievable stories in PMs.

it's just someone who want to use other peoples money to do things and is willing to pay a hefty percentage to do it. I have seen similar in other people who play the stock market and currency markets.
And how was your experience with them eventually?
But as you mentioned earlier you think of lending as a gamble I guess it is OK but gamblers do not open a flag after losing. (sorry if I am sounding rude for the occasion).


1) My experience with people using OPM to do trading was fine. I have posted about it elsewhere. It's just a way of doing business.
2) As for gamblers not opening a flag, sure they do if the casino does not pay them.

Also, keep in mind the flag and the feedback and this entire thread is not for me. It's to give fair notice for the next person who was thinking about doing business with them.
-Dave
member
Activity: 196
Merit: 60
December 15, 2024, 02:10:18 AM
#35
Since we are talking about the issue, I thought it would be better to bring it up. One user HedgeFx is continuously repaying loans, and honestly, his loan needs are beyond my comprehension (none of my business though), as he has paid a great amount in interest. His behavior has earned him a great trust score. I am not saying anything about his credibility, but it seems like he has been in a tight spot for quite a long time, which can lead to future distress. If he is willing to pay around $400 monthly in interest, I am sure this place is the last resort.
Let this post serve as a warning, as proof that you have been given a warning and it was only the greed (20%) that drove you away from logic.
Having said that, I am not accusing anyone but laying out my opinions about lending practices in this wonderful forum.
One more thing: I will not support any flag in the future regarding the case I just outlined (again, I am not saying there will be any flag) since you have been warned.
What is interesting about HedgeFx is that there is NO way that he can come out ahead.
Not to a trained eye (although it is possible) but lots of untrained greedy eyeballs are in this forum. I learned through unbelievable stories in PMs.

it's just someone who want to use other peoples money to do things and is willing to pay a hefty percentage to do it. I have seen similar in other people who play the stock market and currency markets.
And how was your experience with them eventually?
But as you mentioned earlier you think of lending as a gamble I guess it is OK but gamblers do not open a flag after losing. (sorry if I am sounding rude for the occasion).

legendary
Activity: 1568
Merit: 6660
bitcoincleanup.com / bitmixlist.org
December 15, 2024, 01:19:01 AM
#34
First red flag for me would be NFT in his username, but to scam someone for $180 and leave the forum is stupid.
I noticed rising number of loan default scams, this has become a very risky thing to do in bitcointalk forum.

If you ask me, and I may sound like a broken record here, but collateral should be forced to be collected prior to receiving the loan. I know that people used to take accounts as collateral, but these have nowadays started to become worthless.

I would be inclined to think that there would be some central entity to match a loanee with loaner, but I really can't figure out how it would ensure the lender's funds aren't lost.
legendary
Activity: 3542
Merit: 3625
Crypto Swap Exchange
December 14, 2024, 06:56:30 PM
#33
Unfortunately, I can't say that I'm surprised by everything here. I was suspicious of the ways he request a loan, which I asked a long time ago. However, since I don't deal with that, and maybe I'm not the most knowledgeable about such assessments, I didn't insist on the discussion any further.

Unfortunately, my sig campaign that I participated in went into Pause today.
But in any case, I'm not using the money from the sig campaign to repay the loans.
If I may ask.
Why did you prematurely return the previous $200 loan, and then immediately after one day you ask for a new one? When you took that loan, you promised repayment during September, "any day". You decided to repay on the 14th (16 days before the last deadline), but a day later you asked for an almost identical amount.

Also, You started marking your loans with numbers, which seems like you are planning for a longer and larger number of loans. For the future, you should probably give some explanations for what you need the funds for.

I supported the flag, and I will gladly withdraw it if the debt is repaid, but I think that will be difficult to happen.
The user is also on Altcoinstalks, but also inactive there https://www.altcoinstalks.com/index.php?action=profile;u=99636
copper member
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December 14, 2024, 06:10:54 PM
#32
Flag supported and for your post it saves my time Tongue Actually when any borrower hide about any old loan and retake another loan usually turns into scam. Still I could not understand the user has took too long time to build up the account. The merit wasn't received by airdrop but defaulted the loan which could be repaid by only about 2 months.
hero member
Activity: 1134
Merit: 528
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December 14, 2024, 05:28:39 PM
#31
What is interesting about HedgeFx is that there is NO way that he can come out ahead.

Yes he can run with the $1800 that TryNinja just loaned him, BUT as of now TryNinja is loaning him his own money so to speak. Quick, back of the napkin numbers and yes he has paid him close to $1800 in interest. Add in the amount he has paid me and it's well above that.

So, yes he could run, but at this point it would be just lowering the amount he paid out, there is no profit.

Odd, yes but unless there is something I am not seeing then it's just someone who want to use other peoples money to do things and is willing to pay a hefty percentage to do it. I have seen similar in other people who play the stock market and currency markets.

-Dave
I hope you are correct in this regards. However we never know how things can turn bad for anyone and no matter if they had a good will or not they will be just unable to repay the debt. I think that's why the interest is high, no brainer.

Anyway, sorry to hear your loss. It was not much which is the good news.
In some cases, when the lender notice a danger spot in borrowers speed of repayment, they act smartly by waving the excess interest and ask the borrowers to repay back only the loan amount, some time, this helps genuine borrowers to repay back they loans, but to those with scam intentions, none of that gestures mean anything to them and they will go ahead to execute their preplanned scam.

You guys just have to move on, because from the look of things, that member is not going to repay those loans but the tag is very much appropriate to serve as warnings on the account, any ways the scammer don't value that account since he may likely end up buying another account and keep attempting to scam on
member
Activity: 182
Merit: 33
December 14, 2024, 01:44:28 PM
#30
Supported.
legendary
Activity: 2800
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Farewell LEO: o_e_l_e_o
December 14, 2024, 12:15:24 PM
#29
What is interesting about HedgeFx is that there is NO way that he can come out ahead.

Yes he can run with the $1800 that TryNinja just loaned him, BUT as of now TryNinja is loaning him his own money so to speak. Quick, back of the napkin numbers and yes he has paid him close to $1800 in interest. Add in the amount he has paid me and it's well above that.

So, yes he could run, but at this point it would be just lowering the amount he paid out, there is no profit.

Odd, yes but unless there is something I am not seeing then it's just someone who want to use other peoples money to do things and is willing to pay a hefty percentage to do it. I have seen similar in other people who play the stock market and currency markets.

-Dave
I hope you are correct in this regards. However we never know how things can turn bad for anyone and no matter if they had a good will or not they will be just unable to repay the debt. I think that's why the interest is high, no brainer.

Anyway, sorry to hear your loss. It was not much which is the good news.
legendary
Activity: 3500
Merit: 6320
Crypto Swap Exchange
December 14, 2024, 11:24:18 AM
#28
Since we are talking about the issue, I thought it would be better to bring it up. One user HedgeFx is continuously repaying loans, and honestly, his loan needs are beyond my comprehension (none of my business though), as he has paid a great amount in interest. His behavior has earned him a great trust score. I am not saying anything about his credibility, but it seems like he has been in a tight spot for quite a long time, which can lead to future distress. If he is willing to pay around $400 monthly in interest, I am sure this place is the last resort.
Let this post serve as a warning, as proof that you have been given a warning and it was only the greed (20%) that drove you away from logic.
Having said that, I am not accusing anyone but laying out my opinions about lending practices in this wonderful forum.
One more thing: I will not support any flag in the future regarding the case I just outlined (again, I am not saying there will be any flag) since you have been warned.


What is interesting about HedgeFx is that there is NO way that he can come out ahead.

Yes he can run with the $1800 that TryNinja just loaned him, BUT as of now TryNinja is loaning him his own money so to speak. Quick, back of the napkin numbers and yes he has paid him close to $1800 in interest. Add in the amount he has paid me and it's well above that.

So, yes he could run, but at this point it would be just lowering the amount he paid out, there is no profit.

Odd, yes but unless there is something I am not seeing then it's just someone who want to use other peoples money to do things and is willing to pay a hefty percentage to do it. I have seen similar in other people who play the stock market and currency markets.

-Dave
hero member
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December 14, 2024, 10:56:39 AM
#27
If you have (or know somebody that has) some good connections to one of the sites he played at maybe you can get some information about the guy. Sure it's against rules and what not but this is the only way I see to find this piece of shxx.
Even if it was possible, i don't think DaveF would consider that route, what are you going to do with his location, when you live a long way across the world, the amount you'll spend in tracking someone down might even end up surpassing what was lost. That being said, no service would give you information about their customer, they only give such to law enforcement.

Sorry about the loss DaveF and since he has repaid larger amounts back to you, maybe he could return and repay you, no?

You don't have to do anything but you can teach him a lesson. The guy was scamming because he had the opportunity to do so, with all the anonymity and stuff.
Sending him an email telling him you have his real name and so might scare him enough to come back and pay his debt like a man. Simply talking about scare tactics, not more and not less.
But yeah, like I said myself, it's super hard to get this information anyway. Just wrote that is the only chance to actually get the money back.
legendary
Activity: 2184
Merit: 1302
Playbet.io - Crypto Casino and Sportsbook
December 14, 2024, 10:50:35 AM
#26
If you have (or know somebody that has) some good connections to one of the sites he played at maybe you can get some information about the guy. Sure it's against rules and what not but this is the only way I see to find this piece of shxx.
Even if it was possible, i don't think DaveF would consider that route, what are you going to do with his location, when you live a long way across the world, the amount you'll spend in tracking someone down might even end up surpassing what was lost. That being said, no service would give you information about their customer, they only give such to law enforcement.

Sorry about the loss DaveF and since you say he has repaid larger amounts back to you, maybe he could return and repay you, no?
legendary
Activity: 1890
Merit: 1210
December 14, 2024, 10:09:16 AM
#25
This is really unfortunate and unexpected.

Honestly I think default $900 loan with the reputation he got so far and joining in $60 per week campaign isn't worth it, he might able to earn more if he keep being consistent. I speculate this might be his only account, hence he doesn't feel a loss for ruining his account.

If you have (or know somebody that has) some good connections to one of the sites he played at maybe you can get some information about the guy. Sure it's against rules and what not but this is the only way I see to find this piece of shxx.
Hard for me to believe that, the amount is tiny for the casino, so they high likely don't care at all.
member
Activity: 196
Merit: 60
December 14, 2024, 09:13:28 AM
#24
Since we are talking about the issue, I thought it would be better to bring it up. One user HedgeFx is continuously repaying loans, and honestly, his loan needs are beyond my comprehension (none of my business though), as he has paid a great amount in interest. His behavior has earned him a great trust score. I am not saying anything about his credibility, but it seems like he has been in a tight spot for quite a long time, which can lead to future distress. If he is willing to pay around $400 monthly in interest, I am sure this place is the last resort.
Let this post serve as a warning, as proof that you have been given a warning and it was only the greed (20%) that drove you away from logic.
Having said that, I am not accusing anyone but laying out my opinions about lending practices in this wonderful forum.
One more thing: I will not support any flag in the future regarding the case I just outlined (again, I am not saying there will be any flag) since you have been warned.
legendary
Activity: 2072
Merit: 4265
✿♥‿♥✿
December 14, 2024, 08:34:01 AM
#23

Who gets a loan, repays it, then with in a few hours or days gets another bigger loan? If the person can repay the loan and then with in a short time requests for another one, it means that they never needed that loan in the first place. They are probably just building trust so that they can scam later on


This is becoming popular and is no longer surprising. I have not looked at his account yet, whether he started as a newbie or joined the forum as a newbie who teaches investments. And did this account develop as a farm? However, increasing loans to get more is an old game of scammers, which, as we see, works well on the forum. I recently wrote about one account that follows this theme, returning and immediately borrowing a loan.

Likewise, I would take note of those accounts that ask for a loan weekly, creating small requests and regularly returning them within 7–10 days. One day, such accounts will ask for more and will not return, and now their behavior is just a "blindfold" to distract attention.

We cannot stop those who believe and provide loans, but sometimes it seems that these people do not count their money at all, either because of their large amount or inattention. Probably, it is not worth "sprinkling salt on the wound," but the more such losses, the more carefully you need to "trust" your money.
member
Activity: 216
Merit: 12
December 14, 2024, 07:57:44 AM
#22
I hope that he will respond, but currently I support flag, because I also lent several loans to other users and it could be me in your position and we do not need indebted users.
hero member
Activity: 798
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Wheel of Whales 🐳
December 14, 2024, 06:25:07 AM
#21

Well, thats shitty once again. Sorry for your loss but still hoping this maybe gets resolved.
Maybe it's a long shot but this guy took part in many casino giveaways (posting his account nickname all the time), very likely he was verified on many of those sites since they mostly only pay after KYC these days.
If you have (or know somebody that has) some good connections to one of the sites he played at maybe you can get some information about the guy. Sure it's against rules and what not but this is the only way I see to find this piece of shxx.

member
Activity: 196
Merit: 60
December 14, 2024, 06:01:09 AM
#20
I remember him as the first person to give me my first merit. There must be something going on with his life, I mean who knows? It is sad to see that things turned this way for you @DaveF.
I have to lock my topic due to sheer number of personal messages and potential scam attempts.
It is indeed sad to see that you helped him in need by taking the risk and you are the one who suffered the loss. I have supported the flag.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
December 14, 2024, 05:43:23 AM
#19
Flag supported from my end.

Although it is not uncommon to see people scheme in this manner to build trust first before exit scamming while contacting other lenders to steal from them too, I guess the lenders on this forum are not willing to use a public ledger to notify others of any loans they are having here? It does not necessarily mean that scams will be completely avoided, someone might ask you not to put it in the ledger or may ask a lender in another platform but it could be a start.

Either way the user is foolish if they are hard working to default, campaigns can make back that amount of money in a couple of months. Wasting an account for this, well who I am to judge?
hero member
Activity: 462
Merit: 767
Instant cryptocurrency exchange with own reserves!
December 13, 2024, 11:55:39 PM
#18
First red flag for me would be NFT in his username, but to scam someone for $180 and leave the forum is stupid.
I noticed rising number of loan default scams, this has become a very risky thing to do in bitcointalk forum

He has another $700 loan from Shasan, which another member already mentioned. Sometimes, people even scam a $50. The number of accounts sold actually gives them the confidence to leave an account by scamming the lenders. They can easily buy an account and continue doing shitposting to make some money. So, for now, the total amount is $880, which is not too small.

They might think that they could easily buy a Sr. Member account with less than $500 and try to join a signature campaign. Or, probably, they lost confidence that they won't be able to join any signature campaign, so there is no earning opportunity for them. They took the last chance to scam the lenders.
hero member
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Leading Crypto Sports Betting & Casino Platform
December 13, 2024, 05:42:05 PM
#17
Had paid me back larger amounts a couple of times before so I was a bit overconfident.

-Dave
Hard luck -Dave it's sad to see someone who you start developing trust for by risking your money turn out to be opposite of what you thought them to be, any ways I have received some pm from forum members asking me for such loans before, but my first personal question is that, how well do are trust this user's to borrow them the amount, because some of them have a plan and to execute that plans they can take year's of building some trust with you and when it obvious that you risk a huge amount of money, they disappeared or start acting def to your demands for refunds, so best thing for me is to avoid such risks.

Avoid borrowing people money online no matter the amount of interest they offers, and also if they are so in need, they can make use of one of the public loan services that we have in the forum, this way they make applications and get neutral tags the moment the loan is approved for them, this way, they can just act in whatever way they wish and it won't result into you becoming their victims.

Although loans services have become a risky venture lately, but they are those who dedicate their time to the business and knows how to follow-up with cases when their arises, any ways the guy was active on the 9th of December which is recently and let hope he values the account enough to resolve this issues but untill then -Dave just move on and be careful next time
copper member
Activity: 2198
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🌀 Cosmic Casino
December 13, 2024, 05:23:18 PM
#16
Interestingly enough he paid back more then the $150 he ran with from me, in interest payments to myself and others.

So he did spend time and money getting his account to where it could get a larger loan.

-Dave
The jackpot was probably Shasan's bigger loan. I really feel so bad for him as well  Sad

First red flag for me would be NFT in his username, but to scam someone for $180 and leave the forum is stupid.
I noticed rising number of loan default scams, this has become a very risky thing to do in bitcointalk forum.
The frequency with which he got the previous loans alone was a big red flag.

Who gets a loan, repays it, then with in a few hours or days gets another bigger loan? If the person can repay the loan and then with in a short time requests for another one, it means that they never needed that loan in the first place. They are probably just building trust so that they can scam later on

Sometimes Timelord2067 may seem extreme in his judgement, but other times I think his warnings shouldn't be ignored

What collateral are you offering if not from your signature earnings?

Relying on previous loans to justify future ones is just trust building.
legendary
Activity: 2212
Merit: 7064
December 13, 2024, 04:51:57 PM
#15
Had paid me back larger amounts a couple of times before so I was a bit overconfident.
Flag supported.
It's funny to see that he wrote this in his bitcointalk profile page:
Code:
I'm not using telegram due scam attempts.
 Roll Eyes

First red flag for me would be NFT in his username, but to scam someone for $180 and leave the forum is stupid.
I noticed rising number of loan default scams, this has become a very risky thing to do in bitcointalk forum.



legendary
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Crypto Swap Exchange
December 13, 2024, 12:06:15 PM
#14
....I understand that for you DaveF will be an amount that you can afford to lose but I often see loans in that section that seem to me to be playing with fire.

I look at it as gambling. I hope my bets pay off, but you always have the possibility of loosing it all.



I doubt it would matter much though.

Yes, I don't think that if you had kept the feedback it would have stopped DaveF from giving aliveNFT the loan.

One of the earlier loans, perhaps I might have skipped giving it. The last one, he had already paid back 2 larger ones from me so I didn't even look at his feedback, just scanned his that he did not have and active loan.


-Dave
legendary
Activity: 1372
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December 13, 2024, 11:43:42 AM
#13
I doubt it would matter much though.

Yes, I don't think that if you had kept the feedback it would have stopped DaveF from giving aliveNFT the loan.
legendary
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Marketing Campaign Manager |Telegram ID- @LT_Mouse
December 13, 2024, 11:36:41 AM
#12
See for example what Little Mouse said:
He was looking suspicious from the beginning. I left a neutral feedback temporary but later removed after few days. I doubt it would matter much though.
legendary
Activity: 1372
Merit: 2017
December 13, 2024, 11:32:41 AM
#11
But still that is a big mistake from you. Sorry that I posted this. If you borrow lend someone money, leave the person a neutral tag immediately for it not to get another person into losses.

I agree with that, I think those of you who lend money should leave a neutral tag for each active loan you have.

The fact is that the name sounded very familiar to me and I participated in his thread when he was trying to get a loan without participating in signature campaign, and also imitating someone else he was asking for increasing loans.

See for example what Little Mouse said:

Quote
Nevermind, your loan requests are a bit of suspicious.

1st- $55 (June 29th and paid back on July 10)
2nd- $100 (August 25 and paid back on September 06)
3rd- $170 (September 07, after a day! and paid back on September 14)
4th- $220 (Again after a day September 15th)

On all of these loans, you always mentioned 1st, 2nd, 3rd, 4th in the title and used reference link to the previous loans.

And your loan amounts keep increasing every time which is more suspicious in my opinion.

I'll add a neutral tag for now so that the lender knows who he is dealing with but that's temporary. Will remove after a certain time.

I understand that for you DaveF will be an amount that you can afford to lose but I often see loans in that section that seem to me to be playing with fire.
hero member
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DGbet.fun - Crypto Sportsbook
December 13, 2024, 11:29:38 AM
#10
He had paid his previous loans, but those were small amounts, typically less than $100. That was enough to build a reputation as a paying customer. I think what DaveF approved for him was reasonable, as it was within his usual range. However, the oversight was not knowing he already had another loan. This became an issue, especially when he was granted a large loan of $500 from Shasan -- an amount far beyond anything he had borrowed before.

The main concern here is that all these are unsecured loans. Even if the borrower initially had no intention to scam, life circumstances or unexpected events could make it impossible for him to repay. Based on the signs, this loan might end up being unpaid. I’m not an expert, but I suggest lenders limit their loan exposure, even to trusted borrowers, because these are still unsecured loans. If the borrower dies or disappears, the loan remains unpaid, making it high-risk.

Since most of us don’t know each other personally here, I’d like to suggest introducing something like a co-maker system, a group loan arrangement. In this setup, if one member fails to pay, the others in the group share responsibility for repaying the loan. This concept already exists in real-world microfinance, which often deals with unsecured loans. The risk is minimized because there are co-makers who can be held accountable if a borrower defaults.
legendary
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Leading Crypto Sports Betting & Casino Platform
December 13, 2024, 11:25:18 AM
#9
Yeah, I did not leave a neutral tag when he took the loan from me since he had paid back a couple of before so Shasan is probably going to get burnt because of that. The flip side is that I do a scan though the last 90 days of posts from someone before giving a loan so checking isn't *that* hard.
But still that is a big mistake from you. Sorry that I posted this. If you borrow someone money, leave the person a neutral tag immediately for it not to get another person into losses. But I think this is a lesson that Shasan will learn. If I am having a loan service, I think I would have also been a victim of this. Although, I may not borrow aliveNFT up to $760 for any reason.
legendary
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Crypto Swap Exchange
December 13, 2024, 11:19:37 AM
#8
He is on the same campaign currently I joined for the 1st to 4th week but removed due to inactivity/low post count to meet post requirements. Simply completing 3 weeks of campaign can easily repay the loan amount.

I’m assuming something is wrong on his personal life that makes him unable to become active here.

I hope you will still get the loan amount once he comes back. Supported the flag.
Here is my theory;

He probably pulled off an exit scam using the cover of a signature campaign. First he got a small loan from Dave, who trusted him based on the past deals. He then looks for a signature campaign, gets enrolled and then goes back to acquire an even bigger loan from Shasan who had initially refused to lend him. I think Shasan may have missed the fact that he already had another active loan.

With the ~ $650 in his addresses, there was no need for him to continue participating in the signature campaign to repay the loans, since his primary goal was probably to default. A silly move overall because that account could make him way more money if he was active in the forum and sig. Campaigns.

Yeah, I did not leave a neutral tag when he took the loan from me since he had paid back a couple of before so Shasan is probably going to get burnt because of that. The flip side is that I do a scan though the last 90 days of posts from someone before giving a loan so checking isn't *that* hard.

Interestingly enough he paid back more then the $150 he ran with from me, in interest payments to myself and others.

So he did spend time and money getting his account to where it could get a larger loan.

-Dave
copper member
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🌀 Cosmic Casino
December 13, 2024, 11:15:00 AM
#7
He is on the same campaign currently I joined for the 1st to 4th week but removed due to inactivity/low post count to meet post requirements. Simply completing 3 weeks of campaign can easily repay the loan amount.

I’m assuming something is wrong on his personal life that makes him unable to become active here.

I hope you will still get the loan amount once he comes back. Supported the flag.
Here is my theory;

He probably pulled off an exit scam using the cover of a signature campaign. First he got a small loan from Dave, who trusted him based on the past deals. He then looks for a signature campaign, gets enrolled and then goes back to acquire an even bigger loan from Shasan who had initially refused to lend him. I think Shasan may have missed the fact that he already had another active loan.

With the ~ $650 in his addresses, there was no need for him to continue participating in the signature campaign to repay the loans, since his primary goal was probably to default. A silly move overall because that account could make him way more money if he was active in the forum and sig. Campaigns.
legendary
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December 13, 2024, 11:09:34 AM
#6
I’m assuming something is wrong on his personal life that makes him unable to become active here.
I was thinking this is what that happened before but he owes Shasan $700 and $60. And he owes DaveF $150 and $30. That makes it $940 in total. That means it will take aliveNFT 16 weeks (that is 4 months) to pay back the loan if he is receiving $60 weekly. Provided if he is only using this account for the payment and no other source, and if the campaign he was do not end or pause. I do not know the reason he has this kind of evil act. Maybe it is health or not but I guess he may not come back to this forum anymore.
hero member
Activity: 1400
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December 13, 2024, 10:57:44 AM
#5
He is on the same campaign currently I joined for the 1st to 4th week but removed due to inactivity/low post count to meet post requirements. Simply completing 3 weeks of campaign can easily repay the loan amount.

I’m assuming something is wrong on his personal life that makes him unable to become active here.

I hope you will still get the loan amount once he comes back. Supported the flag.
copper member
Activity: 2198
Merit: 1837
🌀 Cosmic Casino
December 13, 2024, 10:52:40 AM
#4
Sorry about this Dave  Sad

I don't know if I am getting this right, but it looks like he played you both (You and Shasan)

In the loan application post, he said this
Hasan refuses to help me with this because I am not in any sig company.. So i'm posting it here. Have never used money from signature to pay off a loan.

After getting a loan from you without paying, he requested for another from Shasan
For some reason, it looks like Shasan also gave him another loan. Maybe he can confirm if he paid up or not.
Loan Amount: $ 500 BTC (repayment will be made in BTC)
Repayment: min $700
Repayment date: 10 weeks
Collateral: none
BTC address: 34dPrMuLtctxyzsA9856dP6F5NbZorjQ37
In case if you want make it in USDT-TRC20: TUpLftgxwy7ZxNtiHrCYNeJH86noTE4K87

I have accepted your loan request and sent USDT to your wallet. Please check your account balance. Please repay on or before the due date to bc1qwx7kcxw0fcmjjpzj9022052ls6xzk8drsgk4k9 (btc) also ask your campaign manager to change your wallet so that I can receive directly you do not need to spend any transaction fee.

To me, I think being on a signature campaign was not enough to have him get a loan worth $700 more-or-so stretching for a 10-week period.
legendary
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Crypto Swap Exchange
December 13, 2024, 10:41:34 AM
#3
I wonder if something happened, but then again, looking at his profile the guy was online several days ago but seems like he didn't contact you since you said there have been no contact for 10+ days.

flag supported

Sent him a PM on the 2nd and another on the 11th.
He has been online here since the one I sent on the 2nd but has not been online here since the 9th.

-Dave
legendary
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Merit: 1119
December 13, 2024, 10:34:58 AM
#2
I wonder if something happened, but then again, looking at his profile the guy was online several days ago but seems like he didn't contact you since you said there have been no contact for 10+ days.

flag supported
legendary
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Merit: 6320
Crypto Swap Exchange
December 13, 2024, 10:18:30 AM
#1
Profile of user who defaulted: https://bitcointalksearch.org/user/alivenft-3383579
Amount $180 ($150 + $30 interest)
Reference Link: https://bitcointalksearch.org/topic/--5514706
Now 10+ days late with no contact.

Flag: https://bitcointalk.org/index.php?action=trust;flag=3351

Had paid me back larger amounts a couple of times before so I was a bit overconfident.

-Dave
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