​

So I got talked into investing in this crypto project called GTBS (Gatbits) and the more I look into it, something doesn’t feel right.

They promised ₹50k a month for putting in ₹5 lakh, and claimed the whole thing is backed by some Sheikh in Dubai. But when I dug deeper, I found some weird stuff:

The partnership letter from the Sheikh’s office appears to be fake.

I can’t figure out where the ₹50k/month actually comes from. It doesn’t add up mathematically.

Has anyone else invested in this? Are you actually making money or getting paid out? Or is this the usual Ponzi thing where early investors get paid from new money coming in?

Would appreciate if anyone has actual info about this project or if I’m just paranoid.

submitted by /u/No-Situation4626 [link] [comments]r/CryptoCurrencyRead More

You might also be interested in reading Bitcoin fights to hold $29K as fear of regulation and Terra’s UST implosion hit crypto hard.