I’m new to crypto/DeFi and wanted some opinions from people who understand smart contracts better than I do.
I’ve been testing a platform called claude-trade.app connected through Trust Wallet on the Base network.
A few things I’ve observed so far:
- funds remain in my own Trust Wallet
- I have to manually confirm smart contract calls
- I’ve successfully transferred ETH out to Coinbase
- I have NOT been asked for my seed phrase
- there’s no pressure to deposit more money so far
- profits/losses seem to reflect in the actual wallet balance
The setup appears to be:
- connect wallet
- manually approve trades/sessions
- bot trades via smart contract
- weekly 9% performance fee paid manually from profits
However, I still have concerns because:
- the founder/person behind it (“Edward Carter”) is difficult to verify
- branding/images feel a bit AI-generated or anonymous
- claimed returns seem very high
- I can’t find much independent discussion about it online
For people experienced with DeFi/smart contracts:
Does this sound like a known type of scam/risk?
If funds remain in my own wallet, what are the main dangers?
What permissions/approvals should I specifically watch out for?
Could this simply be a very high-risk strategy rather than an outright scam?
Are there ways a smart contract can become dangerous later even if withdrawals currently work?
Genuinely trying to learn how these systems work rather than blindly trust or blindly panic.