AiBN is getting attention for claiming it can offer big returns with its AI trading bot, Ascent. They say this bot is a game-changer in the crypto world, promising users easy money. But like many other crypto platforms, AiBN’s bold promises make people question if it’s real or just another risky gamble. This review takes a closer look at AiBN, checking out how it works, its legal status, and the risks involved.
What is AiBN?
AiBN says it makes money using its AI trading bot, Ascent, which automatically trades on your account.
They claim Ascent can bring in big profits, which has caught the eye of many people looking for easy money.
But there are warning signs, like the risk of losing your money through bad trades.
In September 2024, AiBN launched “Ascent 2.0” after the first version seemed to fail, which only adds to the worries.
Even though AiBN makes big claims, it doesn’t show any proof that it follows financial rules, which means it might be operating illegally.
AiBN seems to rely more on new investments than on real trading profits.
This is a common trait of Ponzi schemes, where they pay old investors with money from new ones.
Also, AiBN’s multi-level marketing (MLM) setup, which doesn’t offer real products or services, looks a lot like a pyramid scheme.
Without new people joining, the platform is unlikely to survive.
Our Opinion
AiBN’s business model raises serious doubts about whether it’s legit or sustainable.
The fact that it depends on new investments to pay returns, plus its lack of legal backing and real products, strongly suggests it might be a Ponzi and pyramid scheme.
The flashy promises and appealing payment plans are typical of these schemes, which often attract people with the promise of high returns, only to fall apart when recruitment slows down.
Moreover, AiBN’s connection to Dubai, a place known for sketchy financial schemes, makes it even less trustworthy.
The launch of Ascent 2.0 doesn’t do much to ease concerns, especially after the failure of the first Ascent.
The truth is, if AiBN’s trading bot was really profitable, its unknown owners would probably keep it to themselves instead of offering it to the public.
The lack of transparency and legal oversight should be a big warning sign for anyone thinking about investing in AiBN.
It’s important to remember that investing in platforms like this is very risky.
Many people have lost a lot of money in similar schemes, often tricked by the promise of quick, easy profits.
The reality is that most of these schemes are designed to benefit only a few people at the top, while most investors end up losing their money.
AiBN’s complex and secretive operations make it hard to confirm if their claims are real, leaving investors at risk of losing everything.
What to Do If You Get Scammed?
If you think AiBN or a similar platform has scammed you, act fast.
First, gather all documents related to your investment, like emails, transaction receipts, and any communication with the company.
This information will be important when you report the scam.
Next, contact your bank or payment provider to see if you can reverse the transaction. Sometimes, they can get your money back if you act quickly.
Also, report the scam to your local financial authorities. This could help stop others from being scammed too.
It’s also smart to talk to a lawyer, especially if you’ve lost a lot of money.
A lawyer who knows about financial fraud can help you figure out the best way to get your money back.
Finally, consider sharing your story on forums or social media. This can help warn others about the scam.
Remember, even though the idea of high returns can be tempting, it’s crucial to do thorough research before investing in any platform.
Always be cautious of schemes that promise guaranteed profits with little risk, as these are often signs of a scam.
The Eurite Airdrop Telegram Bot scam takes advantage of the growing popularity of Eurite, a real cryptocurrency that’s listed on major exchanges like Binance.
