Researchers have uncovered a large-scale fraudulent scheme involving the cryptocurrency services XBanking and SuperEarn. The platforms positioned themselves as DeFi yield aggregators offering high annual percentage rates (APY) of 22% to 42%, attracting users to stake various tokens, including USDT, TON, CRV, ETH, and PYTH. However, according to numerous users, the services have stopped returning the deposited assets. According to user Andrey, the platform is not a real DeFi protocol, as the return of staked tokens to the wallet is done exclusively manually at the administrator's discretion, which allows the project to simply hold clients' funds for months.

In an attempt to escape the negative reputation and mass complaints, the project's management carried out a rebranding, changing the name from XBanking to SuperEarn and launching a new website on July 1st. According to users Lua Casas and Vladimir, the new platform now denies any connection to XBanking, despite the fact that old Telegram chats and support usernames clearly trace this continuity. According to user Sebastian Zeising, the absurdity of the situation lies in the fact that a provider's representative in the Trustpilot reviews section personally confirms the connection between the old and new projects.

Furthermore, according to user 郝正義, the project's native token (XB) has lost 99.9% of its value and is about to be delisted from the MEXC exchange, while the administration falsely claims that the removal is due to "excessive volatility".

The scale of the financial losses and the delaying tactics are well-documented by the victims. According to user Kairat, who invested 13,585 USDT and 900 USDT at a 42% APY, support promised weekly returns for months, but ultimately returned only 900 USDT without interest, while the main amount is still being withheld for over four months.

According to user Matthew, he has been owed 50,000 PYTH tokens plus compensation for several months now, with support constantly shifting the deadlines, promising to transfer the funds first on February 3rd, then on March 4th.

According to user Anton, support uses template excuses, asking to wait "just another five days", but the funds never arrive in the clients' wallets.

The project actively uses false audit claims to create an illusion of reliability. According to user Andrey, the claimed audits by CyberScope and Certik were conducted exclusively for the dead XB token, and the DeFi protocols themselves were not checked because they do not actually exist on the platform. A real DeFi aggregator should be listed in the DefiLlama registry, but XBanking and SuperEarn are absent from there. The technical side of the new products is also drawing criticism: according to users Florian Weber Finn and Max, after staking MON and USDT tokens via the Super Wallet browser extension, the funds got stuck due to app bugs, and support completely ignores requests via email, Telegram, and the website.

In response to public exposures, the project is resorting to aggressive methods of suppressing dissent. According to user Kairat, he was banned in the official Telegram communities, depriving him of the ability to read the chats and seek help. The victims do not believe in a voluntary return of funds: according to user 郝正義, investors are creating special exposure websites (such as xbanking1.webnode.page) and recommend checking the project through regulatory platforms like Wikibit. A number of users, including Kairat, are preparing appeals to the law enforcement agencies of their respective countries, as the project has exhausted all possibilities for a peaceful resolution of the issue.