"Title: Bait and Switch Alert: Suspected Ponzi Scheme in CryptoLabs Project. I just noticed some suspicious activity with CryptoLabs, an altcoin project that's been gaining traction lately. Their website now says they're rebranding as 'LabsCoin' and will be offering 'exclusive rewards' to investors - red flags are waving high for me."
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"Bait and Switch Alert: Suspected Ponzi Scheme in CryptoLabs Project"
- Thread starter din_vl
- Start date
"yikes, I saw this project pop up on Discord a few days ago and I'm glad I did my due diligence before investing. Has anyone reached out to the devs to ask some tough questions? This whole 'bait and switch' thing reeks of a classic Ponzi scheme setup."
"Dude, this sounds fishy. Can someone confirm if the dev team behind CryptoLabs is actually associated with the previous project, Moonshot Mining, that got shut down for suspicious activity? I'm calling foul, needs more investigation"