A few months ago, I learned about the Moonacy Protocol project. You invest cryptocurrency in a liquidity pool and receive a fixed daily income from your investment. Of course, the high interest rate (from 0.95% daily), daily withdrawals, frozen deposits, the uncertainty of where the fixed return comes from in the cryptocurrency market raised doubts. On the other hand, the fact that the company was officially registered in the UK (and later in the US), was constantly adding support for new coins, and announced its participation in the upcoming Blockchain Life 2025 conference in Dubai led me to believe that not everything could be so clear-cut. Withdrawals were initially more or less stable, and there was no evidence of fraud amid ephemeral fears.
On May 14, they announced on their X account and Telegram channel that they would be closing their investment program on June 1. All previously opened deposits will remain valid until the closure date. Against this backdrop, I requested the withdrawal of interest to reinvest it, adding some of my own funds, as I believe many other investors did. Usually, the funds arrive in my account within eight hours of the request. However, three days have already passed. During this time, it became clear that their website was gradually dying. First, support stopped responding to emails. Then, the online chat option disappeared from the website. Today, the website stopped working altogether.
Compared to others, I lost a relatively small amount, but it was significant to me. It wasn't all my money, but it was a decent amount. I am ashamed that I fell for such an obvious scam in pursuit of easy money. This story is banal, which makes it even more shameful. It is unlikely that anyone will be able to recover the lost funds. There won't be any new victims since the site has stopped working. However, I don't know how many similar "projects" are active now or will appear in the future. Maybe this story will be useful to someone new to this kind of thing, like me. There's no such thing as a free lunch.
