Panshibi Review: False Platform Exposed
Cryptocurrency popularity is growing, with new coins popping up quite often. Panshibi (SHIBI) is one such platform that surfs the meme-coin wave to lure investors. But it may not be as well as it seems, though, and under the surface, it is clear that Panshibi has a couple of red flags typical in a scam. This review looks at the false methods used by Panshibi and why investors should exercise caution.
Overview of this Platform
Panshibi Website – https://panshibi.com/
Website Availiability – No
Address Shown – 6 St-Denis Street, 1st Floor River Court, Port Louis 11328, Mauritius.
Warned By – Not Recommended By Review Website Like Report Scam
Domain Blacklisted Status – It seems there is no direct mention of this domain being on a blacklist.
Red Flag Details
1. Contract Developer Who Has Had Experience with Scam Projects
The developer of the Panshibi contract has experienced numerous scams in cryptocurrency projects in their previous work history. This generates a red flag of suspicion surrounding the authenticity of the coin as well as what the coin might be created for.
2. Newly Created Website
Panshibi offers a 1,200% staking annual percentage yield (APY), which is an unattainable rate common in Ponzi schemes.
3. Unrealistic Staking Rewards
Panshibi promises a staking APY of 1,200%, an unrealistic rate typical of Ponzi schemes.
4. False Charity Declarations
Panshibi has been praised as a support program for panda preservation, but with no donations and no truthful association with known bodies, none has been shown. It is a follow-through from the record of fraud that made use of false charity declarations in a bid to attract some respect.
5. Manipulative Smart Contract Audits
The project features an audit from Coinsult, but audits mean nothing when scammers get to keep control of investor money. Scammers only pay for audits to provide a facade of safety.
6. Lack of Transparency
A major red flag is that Panshibi provides no useful information about its development team. Quality projects always offer legitimate information about their developers.
FAQs
1. Is Panshibi an actual crypto project?
No, Panshibi contains warning signs common with crypto scams. Investors should keep away from funding it.
2. Can I withdraw my funds from Panshibi?
Most users affirm that they are unable to take their money out. Funds are sent to scam-managed wallets upon deposit.
Conclusion
Panshibi is yet another crypto scam project that was created to mislead investors and steal their money. To prevent falling for financial scams, do research before investing.
If Panshibi.com or any other fraud broker has scammed you, our experts can help you. We specialize in fund recovery and scam prevention. Visit Report Scam to get a free consultation and start the path toward financial security. Get professional guidance by contacting us today.
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