Treasure NFT Scandal Exposes Red Flags in Crypto Earning Platforms
Treasure NFT, a platform that promised daily crypto profits through AI-powered NFT trading, has been flagged by regulators in India and Pakistan for its suspicious business practices. The platform's core pitch was not about collecting NFTs, but rather earning daily payouts of around 4.3% to 6.8%, with monthly profits claimed as high as 30%. This is a red flag, as no liquid market like NFTs can sustainably pay fixed returns.
The platform's mechanics were simple: users deposited USDT into an in-app wallet, and the dashboard showed daily 'profits' on a fixed schedule. However, no matching transaction volume for the platform was found on public blockchain explorers, suggesting that income instead flowed through a multi-level referral system. Early users reportedly earned real payouts funded by newer deposits rather than trading profit.
The strongest signal of the Treasure NFT risk flags is the number of independent confirmations lining up: user withdrawal reports, fake registered address, unverified team, and two separate government advisories. The main concern for those who still hold funds inside the platform is that recovery appears very unlikely. Funds already deposited are effectively locked.
Regulators have warned that fixed daily returns, referral-driven income, and unverifiable teams show up again and again in similar schemes, just with different names attached. To identify similar NFT platform risk flags, a short due diligence checklist can be followed: treat any fixed daily return above 1 or 2% as a warning sign, check whether income depends on referrals more than an actual product, and test small withdrawals early.