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Any idea on this ponzi scheme?
I recently came across a scheme called UBitcoin through a family friend, who encouraged me to invest in it. They claim it offers guaranteed returns of 3x the invested amount, along with daily payouts in their cryptocurrency, supposedly worth around $10 per day. It sounds too good to be true. For context, this relative claims to earn ₹1.2 lakh per month from an initial investment of ₹5-6 lakh, which seems highly unrealistic. From what I’ve observed, this scheme is primarily being promoted in tier 2 and tier 3 cities. When I searched online, the reviews are mixed—some people claim they’ve been receiving returns for months, while others dismiss it as a scam. Could anyone provide more clarity on this?5
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