Treasure NFT, an online platform offering high returns through AI-driven NFT trading, has temporarily restricted cash withdrawals for many users, prompting concerns about its legitimacy.
While some users have been able to withdraw funds, others report delays, frozen accounts, or outright denials, fueling speculation of potential liquidity problems or the platform operating as a Ponzi scheme.
Investors have pointed out that some users, particularly early adopters or those with new referrals, are still able to withdraw their funds, while others face technical difficulties or excuses for the delays.
This selective withdrawal pattern is often associated with financial scams, where payouts are initially processed to build trust before withdrawals become increasingly difficult.
Company’s response
In an official statement, Treasure NFT explained the delay in withdrawals, attributing it to adjustments in the financial system to comply with local regulations and ensure the security of user funds.
The platform stated that withdrawal processing times would be extended from 96 hours to 168 hours but assured users that all pending transactions would be processed once the audit was complete.
Despite the company’s assurances, many investors remain suspicious, fearing the delay may be a tactic to prevent large-scale withdrawals before the platform collapses.
Treasure NFT, which guarantees daily returns ranging from 4.3% to 6.8%, far exceeding typical investment returns, also operates a multi-level referral system. Users are incentivized to bring in new investors, a model that financial experts often associate with Ponzi schemes.
Industry analysts have raised concerns that platforms promising such high returns may struggle to maintain payments once new investments slow down, exacerbating the potential for financial instability.
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