💰 $143.8 Million Deposited in a Suspicious NFT Scheme A Massive Scam Unfolding 🚨
In the past 12 hours, Pakistani investors have poured approximately $144 million (around 44.4 billion PKR) into a fraudulent NFT-based app. This is set to become the largest online scam in Pakistan’s history. ⚠️
People have lost all sense of judgment—they are taking loans from banks 🏦, borrowing from friends 🤝, and even mortgaging their jewelry 💍, homes 🏠, and land documents 📜 just to invest in this scheme. The sole driving force behind this madness is greed 💸, and the outcome will be devastating 💔. When the scammers disappear, many victims may resort to extreme actions, including suicide. ❗ Mark these words.
🚫 Stay away from this scam and warn your loved ones.
This platform is not a legitimate business nor based on any real skill or earning model. It is nothing more than a Ponzi scheme 🎭, similar to the infamous Double Shah scam. There is no actual effort involved just depositing money and recruiting new members. The app has no real use case 📉; it merely misuses the term NFT. Moreover, there is no blockchain record or history of their so-called NFTs 🔍.
⚠️ Latest reports indicate that withdrawals have now been suspended ⛔—a clear sign that the scammers are about to vanish with people’s money.
You’ll see this a lot in bull runs where you see short, powerful liquidation events.
You know why? When everything is going up, many people fail to see the value in holding spot.
Why settle for 3x when you can get 7x in the exact same month? We’re going up anyway. Just go long, right?
The problem? One small wick down (like 2 days ago) and you’re either liquidated (account at $0) or hit your stop loss.
A few days later? The position is fully recovered and higher than ever. Leveraged traders are wiped out while spot is still comfortable.
It’s rare to see anyone actually succeed using leverage in this market. However, I do see many people successfully trading spot in this market. Not the first dm I received on my account with the question:
"Avutagamy, can you help me? I used leverage and went bankrupt" Of course I learned from the experience, but it doesn't make it any less painful.