Scandal Unveiled: Web3 Game Project’s $1.6 Million Exit Scam with Actors
Web3 Game Project is a promising decentralized gaming platform project based in California. Recently, the project has made headlines for its fraudulent exit scam involving more than $1.6 million dollars. After analyzing evidence, it appears the team behind Web3 Game Project was running a scam using actors to solicit investments.
At first, the project seemed legitimate, and web3gameproject.io was used to promote the platform online. An initial coin offering (ICO) was held that promised investors profits, with up to 170 percent returns. The team even managed to raise more than $1.6 million dollars from investors before it all came to an abrupt stop.
According to reports, it appears the team behind Web3 Game Project was using actors to promote the project on social media sites like Twitter. Furthermore, evidence has been discovered that suggests the team had false identities in order to carry out their scam. This is typical of many fraudulent projects.
Additionally, it has been discovered that the team used deceptive tactics to obtain investments from unsuspecting investors. For example, investors were promised big returns within a short period of time, and in order to encourage more people to invest, the team exaggerated the potential returns even more.
Overall, it seems that Web3 Game Project was nothing more than a scam, and a rather elaborate one at that. The team likely knew exactly what they were doing and were successful in pulling off their scam. It’s a good reminder for investors to always do their research before investing in any project.