🚨Breaking News: Treasure NFT Shuts Down Amid Fraud Allegations, Announces New Project🚨
Treasure NFT, a platform offering AI-powered NFT trading with high returns, has faced allegations of fraudulent practices. Experts have raised concerns about its unsustainable profit claims and referral-based structure, which resembles a Ponzi scheme.
Key Allegations:
- Unrealistic Profit Claims: Promised daily returns of 4.3% to 6.8%, totaling nearly 30% monthly profits, which experts consider unfeasible.
- Referral-Driven Revenue: Heavy focus on recruiting new users rather than actual trading raises concerns about a pyramid scheme.
- Suspicious Registration Details: Although claiming to be based in Tempe, Arizona, connections to a Russian music academy and fake executive profiles were discovered.
In light of these allegations, Treasure NFT has announced a new project, but users are cautioned to proceed carefully.
NFT Scams on the Rise:
Treasure NFT is not alone; another French NFT project backed by celebrities collapsed, resulting in a €1.5 million loss for investors. These events highlight the growing risks in the NFT and crypto space, urging investors to do thorough research before engaging in such projects
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