YieldNodes

YieldNodes launched as a service where users could deposit cryptocurrency (primarily Bitcoin) which the company would then use to run a portfolio of masternodes and engage in other staking or yield-generating activities. The company promised consistent monthly returns, which it delivered for a period, gaining significant popularity. However, in late 2022, amidst a challenging crypto market, YieldNodes suspended all user withdrawals and announced a major restructuring. User balances were converted into NFTs representing a stake in a new entity, "YieldNodes Pro," which is intended to invest in real-world assets. This transition effectively locked user funds and has been met with significant controversy and criticism from its user base.