Scam Alert: Stakx
Founding and Evolution:
BeNFT was initially an e-learning platform that utilized artificial intelligence, founded by Guillermo Garib. The platform initially focused on enhancing learning experiences through innovative AI applications.
The organization transitioned to BeAI, shifting its focus more towards AI learning applications, before eventually evolving into Trade AI.
Trade AI offered an AI trading bot that was accessible only to holders of specific NFTs such as Anarkey and Meme Whales.
Token Generation and Financial Promises:
The token generation event for BNFT took place on April 13, 2023.
Trade AI promised investors significant returns, ranging from 10-15% over 30 days to as high as 50% in just 2 days.
Operational Challenges:
Investors faced significant issues when attempting to withdraw their funds. Trade AI attributed these problems to technical issues with the Binance platform.
Paddy and Jim entered the scene claiming they could assist in recovering the blocked funds for investors.
Formation of StakX:
In response to the withdrawal issues, Trade AI merged with Paddy's project, UA3, forming a new entity called StakX.
StakX announced that it would refund investors within 120 days, with the refunds supposedly secured by Paddy’s collection of Banksees NFTs.
Financial Mismanagement:
Prior to the formation of StakX, it was reported that at least $100 million had been lost.
New financial vehicles called syndicates were introduced with the promise of recovering losses by potentially delivering 10% daily returns to investors.
Caution and Legal Considerations:
Investing in platforms that offer unusually high returns, such as 50% in a few days or 15% over three months, carries substantial risks. Such high returns are generally unsustainable and often indicative of underlying financial instability or fraudulent activities.
Community Involvement and Legal Actions:
The community's help is crucial in unraveling the full scope of this issue. We are actively seeking information about the syndicates, additional NFTs involved, and any other relevant details about the projects. This information will be invaluable in legal efforts to address and potentially recuperate lost funds. For those affected, or those who have insights that could aid in our investigation, we encourage you to come forward. Legal actions are being considered, and joining collective efforts could provide a pathway to retrieving lost investments and holding the responsible parties accountable.
