I think this one is quite common on developing countries that have low literacy on crypto. It's your typical ponzi scheme only with crypto as a front for "investment". They use the standard pyramiding form of recruitment with incentives on referrals. They have organized websites and facebook groups targeting fools that want quick money and are interested in crypto without doing their own research.

A lot of people actually get fooled from this and each scheme lasts for about 3 months until securities and exchange commission gives a crackdown of operations. A new fake company functioning as investment for Bitcoin emerges every 3 months.

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