Have you heard of Statics Pancake VN? Do you want to know if it is a scam or legit crypto investment platform? Read this review to find out more about it.
What is Statics Pancake VN
Statics Pancake VN is a cryptocurrency investment platform. They claim to be World’s first created system, which helps you to buy, sell, transfer your funds inside their exchange in few seconds, and you don’t need to wait blockchain confirmation any more. But This is all scam! What the website does is offer you 5.14 ethereum through a promotion code, but then to to withdraw it you need to pay 0.16 ethereum. This screams FAKE!
Statics Pancake VN And How It Works
According to the website, It claims that that Your trade is executed instantly through its wide range of liquidity providers streaming real-time prices and all you have to do is apply for a free VPS (see Terms & Conditions) for enhanced trading flexibility and speed. It also claims After making a deposit, your funds constantly are stored on the permanent wallet, no matter what manipulations you do with them. But as usual this is all lies to get people to invest with tem.
The website was also created recently in May 2023 and expires May 2024, this shows that it is an easily disposable site as such not trustworthy.
However this is a scam, it has fake people on their website posting amounts of money they have withdrawn. After investing when it is time to withdraw you are asked to pay for tax, then later they block the funds you have deposited, and they ask you to pay a strange fee to unlock the funds. After paying the tax, the funds continue to be blocked for other excuses that are made up, in essence you can not withdraw your money. . This is a clear cut SCAM!.
The people behind these scams simply keep on launching new “systems” and “apps” under new names like , Usdtbinace, Usdttuut, etc in an attempt to escape the negative reviews so that they can continue tricking people into joining.
There is no doubt that that it is a scam as several people have left some negative reviews online calling it for what it is, A SCAM just like Usdtaonim
An aggrieved investor had this to say
They are not regulated
Adds exorbitant fees that are not outlined to receive your withdrawals
Does not let you withdraw any earnings from your account
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From the foregoing, it is clear that Statics Pancake VN is a scam just like Dotxbep which we reviewed earlier, Investors should be wary of such sites as their aims are to rip off unsuspecting investors. The lack of transparency, accessibility, and credible customer reviews are huge red flags that should not be avoided.