Russia’s Central Financial institution has warned residents a couple of crypto “rip-off” mission primarily based on the hit drama collection The Boy’s Phrase: Blood on the Asphalt.
Per the media outlet VN.RU, the mission additionally calls itself “The Boy’s Phrase.” However the Central Financial institution says the mission is a “pyramid scheme” that has no official affiliation with the present.
The financial institution mentioned that the mission was a “monetary pyramid” that asks “buyers” to pay “the equal of $10.”
In return, consumers are instructed they may obtain tokens which might be “supposedly the mission’s personal cryptocurrency.”
The masterminds “promise that the tokens will always enhance in value, and earn consumers a assured earnings of as much as 25% per day.”
Oleg Dubrovsky, of the Central Financial institution’s Siberian Important Directorate, mentioned that commercials for the mission had been circulating on social media websites and chat apps.
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A few of these commercials characteristic music and pictures from the collection, together with photos that seem to have been stolen from bona fide cryptoasset suppliers’ websites.
And, the Central Financial institution government warned, a rug-pull could be forthcoming. Dubrovsky defined:
“This pseudo-investment mission has nothing to do with the collection. It’s a basic pyramid. Persons are being promised excessive earnings if they create in new buyers. However there aren’t any contact particulars listed on the positioning.”
Dubrovsky added that the mission has no licensee to function within the monetary market and claimed:
“As quickly because the organizers acquire [enough] funds, they may disappear with the cash.”
The Central Financial institution official added that “solely monetary organizations with Central Financial institution-issued permits” can ask for “public funding.”
The financial institution mentioned that it had added the mission to its checklist of “possible monetary pyramid schemes.”
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The present, distributed on Russian streaming channels, has turn out to be an web sensation within the nation. It has additionally been a success in different Russian-speaking nations.
Based on Verstka, Yandex information exhibits that extra Russians carried out “The Boy’s Phrase”-related searches in 2023 than the phrases “warfare in Ukraine” and “particular navy operation.”
The drama tells the story of Soviet Period excessive schoolers who be a part of a violent gang in Kazan, the capital of Tatarstan.