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🚨 Scam Alert: Treasure NFT 🚨
Beware of Treasure NFT – A Potential Scam!
Multiple reports suggest that Treasure NFT is a fraudulent platform disguised as an NFT investment and trading opportunity. Here's why you should stay away:
🚨 If you have invested, be cautious! Report any suspicious activity and avoid putting more money into this scheme.
1. Treasure NFT’s withdrawal problems and referral-based revenue model hint at its Ponzi scheme structure.
2. Treasure NFT claims to be registered in Tempe, Arizona, but a closer look at the registration details reveals discrepancies, with the address pointing to a Russian music academy instead of the platform's purported headquarters.
3. Treasure NFT, a platform that claims to offer AI-driven NFT trading with substantial returns, has been alleged as fraudulent scheme, with multiple red flags indicating Ponzi scheme-like activity.
Initially promoted as a decentralized marketplace offering daily returns between 4.3% and 6.8%, and monthly profits of up to 30%, the platform's promises quickly unravelled as experts raised alarms about its unsustainable profit guarantees.
The platform’s operations, largely targeting economically disadvantaged and less-educated communities in regions such as Pakistan’s tribal areas, Balochistan, and Sindh, seem to primarily rely on a referral-based model.
4. New users are recruited to invest in the platform, while the profits for earlier investors are paid out by the funds from new participants—an apparent hallmark of a Ponzi scheme. This structure creates an illusion of profitability but ultimately leads to financial collapse when new investments dwindle.