Treasure NFT, a platform positioning itself as a service for earning money through AI-powered non-fungible token (NFT) trading, has become the center of a major scandal. According to an investigation, the project may be a classic Ponzi scheme, operating by attracting new users rather than generating returns through actual asset trading.
Reports indicate that the primary damage was inflicted on financially vulnerable regions in Pakistan and India, including Balochistan, Sindh, and tribal areas.
Profits From Air and Fake Profiles
Treasure NFT promised users daily returns of 4.3% to 6.8% and up to 30% monthly. At the heart of the scheme was a referral system offering bonuses for bringing in new clients. This model is widely associated with fraudulent activity, as returns are paid not from real operations, but from funds provided by new investors. Such schemes typically collapse once the inflow of new users slows down.
The investigation revealed that Treasure NFT’s registered address in Tempe, Arizona, USA, is linked not to a company, but to a music academy. The platform has no confirmed team — LinkedIn profiles were found to be fake, and there is no verifiable leadership information.
Withdrawal Issues and Lack of Support
Suspicions intensified as users began reporting account blocks, frozen funds, and a complete lack of response from customer support. Many withdrawal attempts are denied without explanation. Instead of promised profits, investors are left unable to access their own money.
A similar incident occurred earlier with the OX.FUN platform. In February 2025, the JefeDAO collective accused the exchange of blackmail and freezing $1 million under the pretext of market manipulation. The exchange offered a partial refund only if public criticism was removed.
Fake Reviews and Manipulation of Trust
The platform actively uses fake reviews, posted from newly created accounts, to create an illusion of legitimacy and reliability.
Treasure NFT claims to hold a FinCEN (Money Services Business) license, but there is no evidence supporting this. Meanwhile, investigations into the project have begun in India and West Bengal.
Fraud Disguised as NFT trading
According to crypto analyst AnasBTC, in countries like Pakistan and India, awareness of digital assets remains low. This makes it easier for fake projects like Treasure NFT to exploit users by promising high profits, ultimately stealing both their money and personal data.
Signs of a scam:
- Unrealistic promises of high returns.
- Referral system where income depends on new participants.
- Lack of transparency and verified team information.
User recommendations:
- Always research platforms before investing.
- Don’t trust promises of instant profits.
- Use reputable NFT marketplaces like OpenSea, Magic Eden, or Tensor.
Analysts remind the public: if an offer sounds too good to be true, it probably is.
This post is for informational purposes only and is not an ad or investment advice. Please do your own research making any decisions.