Ponzi Scheme Alert: Virtual Mining Rigs Fueling Multi-Tiered Fraud

This is a type of follow-trading Ponzi scheme. The exchange, using cryptocurrency trading as a guise and touting misleading claims such as "mining earnings from machines," "stable profit financial planning," and "quantum-level encryption algorithms fused with AI high-frequency intelligent trading strategies," profits through the recharge of USDT to purchase mining machine output and the exchange of secret keys for mining machine speed-up coupons. It also builds a hierarchical rebate system where inviting friends can earn three levels of commission. The six team leader levels are promoted based on team size, earning additional referral rewards.This model is similar to the one used by Bilaxy (currency system) which collapsed earlier. Both manipulate trading data, fabricate false prosperity, attract investors with static and dynamic earnings, provide small profits in the initial phase to entice investors to increase investment, and eventually abscond with the funds.