Unlisted Coin Multilevel Scam Turns Victims into Recruiters
A multilevel investment scam using unlisted coins is spreading by luring victims into becoming recruiters. Investors are drawn in by promises that their investments will multiply by dozens or even a hundred times upon listing, but in the meantime, they end up recruiting more investors. Mr. A, who was recruiting investors for unlisted coins near Seolleung Station on Seoul's Line 2, reported a loss of 60 million won. He claimed that he himself was deceived by unlisted coins and has not even been able to file a report. The coin recommended by Mr. A is an unclear entity that cannot be verified on CoinMarketCap, making it difficult for ordinary investors to validate distribution information and trading possibilities. There is also the issue of delayed reporting. Investors often postpone reporting due to assurances that "the money will be returned soon," which can lead to the expansion of damage through personal networks. Mr. B from Busan had a similar experience, stating that he was scammed after investing tens of millions of won. Experts point out that these scams are often designed to evade investigation and law enforcement from the outset. If damage occurs, it is important to preserve related materials and follow the reporting procedures.
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