CryptoStair Ponzi Scheme - Revision history

Azoundria at 23:54, 2 May 2023

2023-05-02T23:54:02Z

← Older revision		Revision as of 17:54, 2 May 2023
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	{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/cryptostairponzischeme.php}}		{{Imported Case Study 2\|source=https://www.quadrigainitiative.com/casestudy/cryptostairponzischeme.php}}
	{{Unattributed Sources}}		{{Unattributed Sources}}

	[[File:Cryptostair.jpg\|thumb\|CryptoStair]]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.		[[File:Cryptostair.jpg\|thumb\|CryptoStair]]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.

	This is a global/international case not involving a specific country.		This is a global/international case not involving a specific country.<ref name="scamwatcher-6679" /><ref name="cryptostairarchive-6742" /><ref name="cryptostairarchive-6743" /><ref name="cryptostairarchive-6744" /><ref name="checkcompany-6745" /><ref name="trustpilot-6746" /><ref name="youtube-6747" /><ref name="youtube-6748" /><ref name="youtube-6749" /><ref name="youtube-6750" />
	<ref name="scamwatcher-6679" /><ref name="cryptostairarchive-6742" /><ref name="cryptostairarchive-6743" /><ref name="cryptostairarchive-6744" /><ref name="checkcompany-6745" /><ref name="trustpilot-6746" /><ref name="youtube-6747" /><ref name="youtube-6748" /><ref name="youtube-6749" /><ref name="youtube-6750" />

	== About CryptoStair ==		== About CryptoStair ==
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	!Description		!Description
	\|-		\|-
	\|June 10th, 2021 ~~12:00:00 AM~~		\|June 10th, 2021
	\|Main Event		\|Main Event
	\|Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.		\|Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.
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	\|		\|
	\|}		\|}

			== Technical Details ==
			This section includes specific detailed technical analysis of any security breaches which happened. What specific software vulnerabilities contributed to the problem and how were they exploited?

	== Total Amount Lost ==		== Total Amount Lost ==
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	== Ongoing Developments ==		== Ongoing Developments ==
	What parts of this case are still remaining to be concluded?		What parts of this case are still remaining to be concluded?
			== General Prevention Policies ==
	== Prevention Policies ==
	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.		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.		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.
			== Individual Prevention Policies ==
			{{Prevention:Individuals:Placeholder}}

			{{Prevention:Individuals:End}}

			== Platform Prevention Policies ==
			{{Prevention:Platforms:Placeholder}}

			{{Prevention:Platforms:End}}

			== Regulatory Prevention Policies ==
			{{Prevention:Regulators:Placeholder}}

			{{Prevention:Regulators:End}}

	== References ==		== References ==

Azoundria at 17:34, 22 February 2023

2023-02-22T17:34:19Z

← Older revision		Revision as of 11:34, 22 February 2023
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	{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/cryptostairponzischeme.php}}		{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/cryptostairponzischeme.php}}
			{{Unattributed Sources}}

	[[File:Cryptostair.jpg\|thumb\|CryptoStair]]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.		[[File:Cryptostair.jpg\|thumb\|CryptoStair]]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.

	This is a global/international case not involving a specific country.		This is a global/international case not involving a specific country.
			<ref name="scamwatcher-6679" /><ref name="cryptostairarchive-6742" /><ref name="cryptostairarchive-6743" /><ref name="cryptostairarchive-6744" /><ref name="checkcompany-6745" /><ref name="trustpilot-6746" /><ref name="youtube-6747" /><ref name="youtube-6748" /><ref name="youtube-6749" /><ref name="youtube-6750" />

	== About CryptoStair ==		== About CryptoStair ==
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	== Total Amount Recovered ==		== Total Amount Recovered ==
	~~The total amount~~ recovered ~~has been estimated at $0 USD~~.		There do not appear to have been any funds recovered in this case.

	What funds were recovered? What funds were reimbursed for those affected users?		What funds were recovered? What funds were reimbursed for those affected users?
Line 88:		Line 90:

	== References ==		== References ==
	[https://www.scamwatcher.com/scam/view/365855 https://www.scamwatcher.com/scam/view/365855] (Feb 23)		<references><ref name="scamwatcher-6679">[https://www.scamwatcher.com/scam/view/365855 https://www.scamwatcher.com/scam/view/365855] (Feb 23, 2022)</ref>

	[https://web.archive.org/web/20210610055951/http://www.cryptostair.io/ Cryptostair LTD] (Feb 27)		<ref name="cryptostairarchive-6742">[https://web.archive.org/web/20210610055951/http://www.cryptostair.io/ Cryptostair LTD] (Feb 27, 2022)</ref>

	[https://web.archive.org/web/20210419161050/https://www.cryptostair.io/ Cryptostair LTD] (Feb 27)		<ref name="cryptostairarchive-6743">[https://web.archive.org/web/20210419161050/https://www.cryptostair.io/ Cryptostair LTD] (Feb 27, 2022)</ref>

	[https://web.archive.org/web/20201129224251/https://www.cryptostair.io/?a=cust&page=about Cryptostair LTD] (Feb 27)		<ref name="cryptostairarchive-6744">[https://web.archive.org/web/20201129224251/https://www.cryptostair.io/?a=cust&page=about Cryptostair LTD] (Feb 27, 2022)</ref>

	[http://www.checkcompany.co.uk/company/12804479/CRYPTOSTAIR-LTD CRYPTOSTAIR LTD - LONDON] (Feb 27)		<ref name="checkcompany-6745">[http://www.checkcompany.co.uk/company/12804479/CRYPTOSTAIR-LTD CRYPTOSTAIR LTD - LONDON] (Feb 27, 2022)</ref>

	[https://ca.trustpilot.com/review/www.cryptostair.io https://ca.trustpilot.com/review/www.cryptostair.io] (Feb 27)		<ref name="trustpilot-6746">[https://ca.trustpilot.com/review/www.cryptostair.io https://ca.trustpilot.com/review/www.cryptostair.io] (Feb 27, 2022)</ref>

	[https://www.youtube.com/watch?v=xwxcgSZoV2k CRYPTOSTAIR.IO UPDATE 06/07/21 -- IS IT A SCAM?!? -- DAILY MORNING PULLOUT! - YouTube] (Feb 27)		<ref name="youtube-6747">[https://www.youtube.com/watch?v=xwxcgSZoV2k CRYPTOSTAIR.IO UPDATE 06/07/21 -- IS IT A SCAM?!? -- DAILY MORNING PULLOUT! - YouTube] (Feb 27, 2022)</ref>

	[https://www.youtube.com/watch?v=buzlB5vLF5Y LEAKED: Cryptostair Review - Is Cryptostair.io Scam or Legit - Cryptostair.io Review - YouTube] (Feb 27)		<ref name="youtube-6748">[https://www.youtube.com/watch?v=buzlB5vLF5Y LEAKED: Cryptostair Review - Is Cryptostair.io Scam or Legit - Cryptostair.io Review - YouTube] (Feb 27, 2022)</ref>

	[https://www.youtube.com/watch?v=9XQSH3z79nI CRYPTOSTAIR.IO UPDATE 5/16/21-- IS IT LEGIT--DOES IT PAY? IP ADDRESS RESTRICTIONS? - YouTube] (Feb 27)		<ref name="youtube-6749">[https://www.youtube.com/watch?v=9XQSH3z79nI CRYPTOSTAIR.IO UPDATE 5/16/21-- IS IT LEGIT--DOES IT PAY? IP ADDRESS RESTRICTIONS? - YouTube] (Feb 27, 2022)</ref>

	[https://www.youtube.com/watch?v=cYiIMzA-8_E CRYPTOSTAIR UPDATE 06/01/21 -- DAILY PULLOUT!! - YouTube] (Feb 27)		<ref name="youtube-6750">[https://www.youtube.com/watch?v=cYiIMzA-8_E CRYPTOSTAIR UPDATE 06/01/21 -- DAILY PULLOUT!! - YouTube] (Feb 27, 2022)</ref></references>

Azoundria: Created page with "{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/cryptostairponzischeme.php}} CryptoStairCryptoStair 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. This is a global/international case not involving a specifi..."

2023-01-27T18:28:53Z

Created page with "{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/cryptostairponzischeme.php}} thumb|CryptoStairCryptoStair 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. This is a global/international case not involving a specifi..."

New page

{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/cryptostairponzischeme.php}}

[[File:Cryptostair.jpg|thumb|CryptoStair]]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.

This is a global/international case not involving a specific country.

== About CryptoStair ==
"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."

This is a global/international case not involving a specific country.

The background of the exchange platform, service, or individuals involved, as it would have been seen or understood at the time of the events.

Include:

* Known history of when and how the service was started.
* What problems does the company or service claim to solve?
* What marketing materials were used by the firm or business?
* Audits performed, and excerpts that may have been included.
* Business registration documents shown (fake or legitimate).
* How were people recruited to participate?
* Public warnings and announcements prior to the event.

Don't Include:
* Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.
* Anything that wasn't reasonably knowable at the time of the event.
There could be more than one section here. If the same platform is involved with multiple incidents, then it can be linked to a main article page.

== The Reality ==
This sections is included if a case involved deception or information that was unknown at the time. Examples include:

* When the service was actually started (if different than the "official story").
* Who actually ran a service and their own personal history.
* How the service was structured behind the scenes. (For example, there was no "trading bot".)
* Details of what audits reported and how vulnerabilities were missed during auditing.

== What Happened ==
The specific events of the loss and how it came about. What actually happened to cause the loss and some of the events leading up to it.
{| class="wikitable"
|+Key Event Timeline - CryptoStair Ponzi Scheme
!Date
!Event
!Description
|-
|June 10th, 2021 12:00:00 AM
|Main Event
|Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.
|-
|
|
|
|}

== Total Amount Lost ==
The total amount lost is unknown.

How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?

== Immediate Reactions ==
How did the various parties involved (firm, platform, management, and/or affected individual(s)) deal with the events? Were services shut down? Were announcements made? Were groups formed?

== Ultimate Outcome ==
What was the end result? Was any investigation done? Were any individuals prosecuted? Was there a lawsuit? Was any tracing done?

== Total Amount Recovered ==
The total amount recovered has been estimated at $0 USD.

What funds were recovered? What funds were reimbursed for those affected users?

== Ongoing Developments ==
What parts of this case are still remaining to be concluded?

== Prevention Policies ==
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.

== References ==
[https://www.scamwatcher.com/scam/view/365855 https://www.scamwatcher.com/scam/view/365855] (Feb 23)

[https://web.archive.org/web/20210610055951/http://www.cryptostair.io/ Cryptostair LTD] (Feb 27)

[https://web.archive.org/web/20210419161050/https://www.cryptostair.io/ Cryptostair LTD] (Feb 27)

[https://web.archive.org/web/20201129224251/https://www.cryptostair.io/?a=cust&page=about Cryptostair LTD] (Feb 27)

[http://www.checkcompany.co.uk/company/12804479/CRYPTOSTAIR-LTD CRYPTOSTAIR LTD - LONDON] (Feb 27)

[https://ca.trustpilot.com/review/www.cryptostair.io https://ca.trustpilot.com/review/www.cryptostair.io] (Feb 27)

[https://www.youtube.com/watch?v=xwxcgSZoV2k CRYPTOSTAIR.IO *UPDATE* 06/07/21 -- IS IT A SCAM?!? -- DAILY MORNING PULLOUT! - YouTube] (Feb 27)

[https://www.youtube.com/watch?v=buzlB5vLF5Y LEAKED: Cryptostair Review - Is Cryptostair.io Scam or Legit - Cryptostair.io Review - YouTube] (Feb 27)

[https://www.youtube.com/watch?v=9XQSH3z79nI CRYPTOSTAIR.IO *UPDATE 5/16/21*-- IS IT LEGIT--DOES IT PAY? IP ADDRESS RESTRICTIONS? - YouTube] (Feb 27)

[https://www.youtube.com/watch?v=cYiIMzA-8_E CRYPTOSTAIR *UPDATE* 06/01/21 -- DAILY PULLOUT!! - YouTube] (Feb 27)