I got scammed by Marshmallowdefi dot com today, yes you heard it right. You probably think I'm stupid to get scammed, may be I'm little bit stupid but I tried thier website to expose them.
UI of this website looks like a professional Defi website. Just like our awesome #cubdefi site. But this marshmallow defi is scam, a clone and fake website.
I've provided liquidity in BTCB and MASH farm on their website, APR looks damn high. They are showing 57 Million percent APR on BTCB and MASH farm And they are highly promoting this scammer website all over the internet.
I wanted to expose them. So, I provided only 2$ liquidity in their farm and guess what I'm not harvesting anything and my stake shows zero.
As per their APR I should be getting a lot of MASH token within seconds and minutes since their APR is freaking high.
And total liquidity in this pool shows only $8, previously it was 4$. LOL
Total liquidity in other farms look so high though.
Since they are promoting a lot on social media and bunch of fake accounts commenting like "wow it's a good defi website with nice APRs". Bulshit. It's only to make newbies in crypto to trust them and fall for their scam.
Luckily I provided liquidity with my alternative trust wallet account. I've no problem with that, except losing 2$ for exposing them.
Look at my account, it shows Zero to harvet. I approved my stake and it's been minutes. I've nothing to harvest. This APY is only attract new users.
Hopefully this article be tracked on Google and advice new people to stay away from this scammer site.
Stupid YouTubers promoting their scam website
Checkout the screenshots above, this guy got 100k subs and he says it's a great project whereas it's a fake scammer site. That video already have 30k views.
And the comments under this video looks absolutely fake. Seems like bunch of micro workers commented on this video. They look like paid comments. Probably scanner team commented with bunch of mutiple accounts too.
Imagine how many people are falling for this trap everyday and losing their money.
They listed this scam on Coingecko
I've been searching on the internet for more information about this new defi site. I see only some fake review videos and comments. No one tried to expose this defi.
They even listed this scammer coin on Coingecko with the current price around $11 as of 24th April 2021. And the price of coin is already 45% up. Seems like more people are falling for their trap.
Total Mash scam coin Supply
Their total supply shows only 400k with $14M tvl.
Market cap is around $4M dollars. Supply shows suspecious, it's pretty low.
Conclusion : Marshmallowdefi is a scam, Marshmallowdefi is only for fools, do not even try to check their wesbite. It's a waste of your valuable time. This article is all about marshmallowdefi review and explosing their scam website.
I don't even wanna promote their website so I'm not including their website link.
I'll probably expose more defi scams in the future, my aim is to spread the awareness and guide people into right websites. And invest in real coins.