Crypto Scammers Use MLM Network to Lure Victims

In the MLM network, apart from the founder, there is also a leader, who works under the supervision of the founder.

KOMPAS/ADITYA DIVERANTA

Gatuk Indarto's WinCash Wallet application, which was disabled when accessed on Wednesday (1/12/2021). The app becomes a digital wallet where WinCash Coin crypto assets are transacted.

Fraudsters involved in crypto scams not only promise a big profit but also take advantage of a multilevel marketing (MLM) network to lure victims.

JAKARTA, KOMPAS — People involved in certain cryptocurrency scams use a multilevel marketing (MLM) network as a cover in conducting their illegal crypto investment, widely known as “money games” in Indonesia. They use a pyramid scheme to recruit “investors” with the promise of big returns and commission.