Trust Wallet - page 3. | Bitcointalksearch.org

Cryptoababe

member

Activity: 898

Merit: 19

Do it For Better Humanity (Bitget trader)

Quote from: jflo200 on March 14, 2023, 08:01:07 AM

Hello all, looking for some help. I opened a TRUST wallet account some time ago and transferred USDT from Crypto Exchange. I then was automatically placed in staking activities. At the end of staking, upon trying to return my funds to my wallet, I was notified by customer service I have to pay 62,000+ USDT in capital gains taxes (I am based in Chicago). They are now holding my funds until I pay this tax. I currently have about 315,000 USDT in this wallet. Is this standard practice? I don't have these funds to pay the taxes and my funds will be frozen soon. I can't get a loan for this amount. Is there anything I can do?

If I can understand you better, you transferred some usdt to Trust wallet and your usdt was automatically staked?
For me, Thats not trust wallet because trust wallet is a non custodial wallet. You need to approve anything before it can be done. Only centralised wallet like exchange wallet can do that. Or maybe you are dealing with a scam wallet.

boyptc

hero member

Activity: 3024

Merit: 680

★Bitvest.io★ Play Plinko or Invest!

I know that there have been some strict rules in different states in the US regarding taxation. But why is it that it's making me feel that this isn't the right TrustWallet that you've downloaded?

Because if it's related to your taxes, any wallet don't have a thing or two to say and that's your responsibility on filing it. Why they're interfering with someone's taxation if they're not an auditing firm but just a bare wallet?

From your story, what was the exchange where you've transferred it from? And what's the website where you've downloaded TrustWallet? Because like they say above me, they wouldn't do such holding of funds and ask you to pay them.

It's a typical scam and how did the TrustWallet reached out to you?

PX-Z

hero member

Activity: 1554

Merit: 880

pxzone.online

Did you stake your crypto in trustwallet? What coin did you stake? Because you can't stake usdt in trustwallet if its the case by asking you to pay 60k usdt.
Also, if its the legit site they won't ask another payment for tax deducting your balance is enough since you already have 300k usdt there. What i mean is it's a scam attempt to scam you more. And i doubt that trustwallet really do such kind if service. So mentioned the url of the site if you care.

Charles-Tim

legendary

Activity: 1512

Merit: 4795

Leading Crypto Sports Betting & Casino Platform

You should have explained it better here, instead of opening two threads for it: USDT Loan

You want to pay tax and the tax not deducted from your money? Is that not scam to you? They only want to scam you more and more.

Check the domain name or URL of the site that you staked your coins, you can post it here or do more research to look for the legit site.

It is a scam.

jflo200

newbie

Activity: 12

Merit: 0

Hello all, looking for some help. I opened a TRUST wallet account some time ago and transferred USDT from Crypto Exchange. I then was automatically placed in staking activities. At the end of staking, upon trying to return my funds to my wallet, I was notified by customer service I have to pay 62,000+ USDT in capital gains taxes (I am based in Chicago). They are now holding my funds until I pay this tax. I currently have about 315,000 USDT in this wallet. Is this standard practice? I don't have these funds to pay the taxes and my funds will be frozen soon. I can't get a loan for this amount. Is there anything I can do?

Topic: Trust Wallet - page 3. (Read 721 times)