BitGreen is a false environmental concept air coin, a pyramid scheme harvesting, borrowing the hot topics of 'blockchain + environmental protection' to create false narratives, packaged as 'low-carbon public welfare, green mining,' with no actual environmental landing scenarios or technological support, relying on a pyramid scheme to expand and amass wealth.
Falsifying cooperation agreements with overseas environmental organizations and well-known companies, releasing false progress on environmental projects (such as 'blockchain traceability of environmentally friendly materials'), misleading investors into believing there is real value support.
Setting up multi-tiered promotional reward mechanisms, requiring investors to bring friends and family to invest and buy coins, attracting users to explode in growth and quickly accumulate large amounts of funds.
The project party privately holds a large number of tokens, artificially raising the coin price in the early stages to create the illusion of profit, attracting retail investors to chase high prices; once the scale of funds reaches the target, they suddenly dump and sell tokens, causing the coin price to plummet by over 99% in a short time, almost to zero.
After the coin price crash, the project party shuts down the official app, community, and customer service channels, deletes all promotional content, and the core team goes into hiding, leaving investors unable to withdraw their principal and with no way to defend their rights.
Most users involved are ordinary investors who are easily deceived by the dual hype of 'environmental public welfare + high returns.' The affected population is vast and geographically dispersed, with most people investing all their savings, ultimately losing almost everything, with the involved funds exceeding tens of millions.
