Concerns Raised Over AI and Metaverse Investment Scams

According to BlockBeats, a recent article highlights the growing issue of fraudulent activities involving AI and metaverse investments. The report warns that some individuals are exploiting terms like 'future currency' and 'high returns' to deceive people into believing that investing in virtual currencies is a risk-free venture. These fraudsters create fake trading platforms and exaggerate profit data, leading investors to think they are guaranteed profits. Once funds are collected, they manipulate the market, causing the value of these 'currencies' to plummet, and in some cases, they even shut down the trading platforms. Additionally, there are concerns about individuals using the allure of the metaverse and blockchain to promote related concepts such as game development and virtual reality. They claim that people can 'earn money while playing games' and package these as high-tech investment projects. Through false advertising of high returns, they attract public funds, exhibiting characteristics of illegal fundraising activities.