Treasure NFT: Pyramid Scam Masquerading As Referral
Treasure NFT shows clear signs of a Ponzi scheme disguised as a referral system, with blocked users and unverifiable founders.
Treasure NFT, a platform that uses artificial intelligence to promote NFT trading as a source of high returns in cryptocurrencies, is now facing numerous accusations of operating as a Ponzi scheme.
Treasure NFT has targeted financially vulnerable populations in the tribal regions of Pakistan, as well as in Balochistan and Sindh, offering investors daily returns of between 4.3% and 6.8% and monthly profits of up to 30%. Expert testimony and user experiences reveal an unsustainable operation that threatens to cause severe financial losses.
Treasure NFT Explained in Brief
Treasure NFT's operating model is mainly based on a referral system, which is the central element of concern. A Ponz schemei is identified by its strategy of distributing the deposits of new participants to previous investors, thus simulating profitable returns. The financial community has repeatedly emphasised that legitimate NFT markets cannot offer guaranteed high returns without a steady inflow of new investments. The whole structure is bound to collapse when this flow of money starts to diminish.
Suspicions are growing as questions emerge about the registration information and personnel associated with the platform. An investigation revealed that Treasure NFT's registered address in Tempe, Arizona, corresponds to a Russian music academy, calling into question the honesty and transparency of the platform. Further investigation found that the LinkedIn profiles claiming to represent members of the company's staff are fake, as there is no verifiable data on the founders or operations team.
Numerous users have reported problems accessing their funds, raising alarm bells. Several report that their accounts have been blocked without explanation, while withdrawal requests suffer significant delays or are rejected altogether. The inability to contact customer service at Treasure NFT has increased investor distrust, reinforcing allegations of scamming against the platform.
The platform operates primarily through a referral system that emphasises the recruitment of new members rather than actual NFT trading, indicating a pyramid-like corporate structure rather than a legitimate operation. Treasure NFT also appears to use false testimonials from newly created accounts to generate positive reviews as a deliberate strategy to deceive potential investors.
Treasure NFT claims to hold a Money Services Business licence issued by the FinCEN, but there is little evidence to prove their compliance with legal standards. According to various reports, Treasure NFT is under investigation by regulators in India and West Bengal for alleged fraudulent activities.
Financial experts warn potential investors to conduct thorough independent research and to act with extreme caution when evaluating platforms that promise guaranteed high returns, due to growing evidence of fraudulent activity.
The experts advise avoiding business models that generate revenue primarily through referral programmes and warn against investments that appear overly profitable. The case of Treasure NFT demonstrates the dangers of unregulated crypto platforms and emphasises the importance of careful analysis when investing in digital assets.
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Learn how to protect yourself from common scams in the crypto world: differences between Pump and Dump and Rug Pull, warning signs and defensive strategies.
CZ, former CEO of Binance, did not recognise a deepfake video with his own voice. Artificial intelligence replicates faces and sounds with dangerous accuracy.
Treasure NFT, a platform that uses artificial intelligence to promote NFT trading as a source of high returns in cryptocurrencies, is now facing numerous accusations of operating as a Ponzi scheme.
Treasure NFT has targeted financially vulnerable populations in the tribal regions of Pakistan, as well as in Balochistan and Sindh, offering investors daily returns of between 4.3% and 6.8% and monthly profits of up to 30%. Expert testimony and user experiences reveal an unsustainable operation that threatens to cause severe financial losses.
Treasure NFT Explained in Brief
Treasure NFT's operating model is mainly based on a referral system, which is the central element of concern. A Ponz schemei is identified by its strategy of distributing the deposits of new participants to previous investors, thus simulating profitable returns. The financial community has repeatedly emphasised that legitimate NFT markets cannot offer guaranteed high returns without a steady inflow of new investments. The whole structure is bound to collapse when this flow of money starts to diminish.
Suspicions are growing as questions emerge about the registration information and personnel associated with the platform. An investigation revealed that Treasure NFT's registered address in Tempe, Arizona, corresponds to a Russian music academy, calling into question the honesty and transparency of the platform. Further investigation found that the LinkedIn profiles claiming to represent members of the company's staff are fake, as there is no verifiable data on the founders or operations team.
Numerous users have reported problems accessing their funds, raising alarm bells. Several report that their accounts have been blocked without explanation, while withdrawal requests suffer significant delays or are rejected altogether. The inability to contact customer service at Treasure NFT has increased investor distrust, reinforcing allegations of scamming against the platform.
The platform operates primarily through a referral system that emphasises the recruitment of new members rather than actual NFT trading, indicating a pyramid-like corporate structure rather than a legitimate operation. Treasure NFT also appears to use false testimonials from newly created accounts to generate positive reviews as a deliberate strategy to deceive potential investors.
Treasure NFT claims to hold a Money Services Business licence issued by the FinCEN, but there is little evidence to prove their compliance with legal standards. According to various reports, Treasure NFT is under investigation by regulators in India and West Bengal for alleged fraudulent activities.
Financial experts warn potential investors to conduct thorough independent research and to act with extreme caution when evaluating platforms that promise guaranteed high returns, due to growing evidence of fraudulent activity.
The experts advise avoiding business models that generate revenue primarily through referral programmes and warn against investments that appear overly profitable. The case of Treasure NFT demonstrates the dangers of unregulated crypto platforms and emphasises the importance of careful analysis when investing in digital assets.
Sign up for Spaziocrypto®
The community for Blockchain, Cryptocurrency and Innovative Technologies enthusiasts, combining Passion, Knowledge and Opportunities in the Digital World.
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