The Treasure NFT Crypto Scam That Shook India: A Stark Warning ($100 Million Scam)
The world of cryptocurrency and NFTs is full of opportunities, but it’s also a breeding ground for scams. One of the most shocking frauds to hit India was the Treasure NFT Crypto Scam—a carefully executed scheme that left thousands of investors in financial distress.
It all started with an extravagant launch, boasting “the rarest digital treasures on the blockchain” and “unbelievable returns.” The masterminds behind the scam leveraged social media hype, celebrity endorsements, and fabricated success stories to lure investors. People were urged to buy into an exclusive NFT collection, believing these digital assets would skyrocket in value.
Blinded by the fear of missing out (FOMO), investors poured in money. The platform even allowed early withdrawals, creating a false sense of security. But soon, the warning signs emerged—withdrawals slowed, customer support disappeared, and the website vanished overnight. In an instant, billions in crypto were gone.
Authorities later confirmed it was a classic rug pull—a scheme where developers disappear with investors’ funds. Victims were left helpless, while the culprits laundered the money through untraceable crypto wallets, making recovery nearly impossible.
This serves as a harsh lesson: if an investment sounds too good to be true, it probably is. Always research thoroughly, verify legitimacy, and never fall for unrealistic promises.