UNKNOWN

JUNE 2021

GLOBAL

CRYPTOSTAIR

DESCRIPTION OF EVENTS

"You wanna raise your coins! But no experience? Cryptostair LTD having the professional team with 10 years experience."

 

"CryptoStair presents you with an extremely simple, easy, and accessible method of earning passive income. Participating in the mining pools of this cryptocurrency mining platform will offer returns on the balance retained in your mining pool."

 

"The popularity of crypto-currency and the increasing difficulties in obtaining it increase the popularity and demand for crypto-currencies in the markets and in general. Therefore, sales of digital currency are very profitable for us, and this kind of activity brings us and our investors a decent income."

 

"Cryptstair LTD affiliate program is best way to earn big amounts in no time. Refer users from your friends or family and Earn 20% direct commission from Their purchases!"

 

"CRYPTOSTAIR LTD is a Private Limited Company from LONDON UNITED KINGDOM and has the status: Active - Proposal to Strike off. CRYPTOSTAIR LTD was incorporated 1 years ago on 11/08/2020 and has the registered number: 12804479. The accounts status is NO ACCOUNTS FILED and accounts are next due on 11/05/2022."

 

"Crytostair.io is indeed the same watermine scammers. people should watch out and not fall victims into this again. Once Bitten Twice Shall."

CryptoStair was supposedly an investment platform. In reality, there is no evidence that any funds were invested, and the packages beared strong similarities to other ponzi schemes. The site appears to have run very shortly before disappearing with any invested funds.

HOW COULD THIS HAVE BEEN PREVENTED?

Experienced cryptocurrency users can typically tell what's fraudulent, however this takes practice, so it's always best for new participants to err on the side of caution, and avoid investing in most services.

 

To prevent such ponzi schemes, our framework provides that 2 industry reviews should be conducted of each proposed new service, by knowledgeable organizations. Regular reviews should also be conducted to ensure that all customer assets are fully backed, which prevents ponzi schemes since the key component is that funds are no longer backed.

 

Check Our Framework For Safe Secure Exchange Platforms

Sources And Further Reading

 For questions or enquiries, email info@quadrigainitiative.com.

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