-Breaking News: Treasure Nft Shuts Down Amid Allegations, Announces New Project š¢-
Treasure NFT, a platform that claimed to offer AI-driven NFT trading with high returns, has recently come under scrutiny due to allegations of fraudulent activities. Reports suggest that its business model and unusually high daily returns resemble characteristics of a Ponzi scheme, raising concerns among experts.
Key Allegations:
š¹ Unrealistic Profit Promises: Treasure NFT allegedly offered daily returns between 4.3% and 6.8%, adding up to nearly 30% per month. Experts have deemed such claims impractical and unsustainable.
š¹ Dependency on Referral System: The platformās business model heavily relied on recruiting new investors to generate revenue, making it resemble a Pyramid Scheme rather than a legitimate business.
š¹ Suspicious Registration Details: While Treasure NFT claimed to be registered in Tempe, Arizona, investigations revealed inconsistencies, including an address linked to a Russian music academy. Additionally, profiles of the companyās supposed executives appear to be fabricated.
Whatās Next?
Despite these allegations, Treasure NFT has announced plans for a new project. However, given the controversies surrounding its past operations, experts advise potential investors to proceed with caution and thorough research before engaging with any new initiative.
Similar Incidents in the NFT Market:
Treasure NFT is not the only platform facing scrutiny. A French NFT project, which involved celebrity endorsements, recently collapsed, leading to a ā¬1.5 million (~$1.66 million) loss from approximately 770 investors. Investors were misled into believing they were co-producing an animated film, only to discover they had fallen victim to a scam.
What Should You Do?
These incidents highlight the importance of due diligence and caution when investing in NFTs and cryptocurrency ventures. Always verify project legitimacy before committing funds.
#JELLYJELLYFuturesAlert
#VoteToListOnBinance
#NFT