A recent analysis by lawyer Shao Shiwei highlights the risks of Web3 projects disguised as pyramid schemes. These schemes often involve inflated product prices, locked-in returns, recruitment-based commissions, manual withdrawals, and non-transferable tokens, forming a pyramid trap. Shao advises tech professionals to be cautious of roles involving referral bonuses, unlocking, and auditing logic, as the code itself can serve as evidence. The high salaries offered may be risk compensation, urging careful career choices.
Lawyer Warns of Pyramid Schemes in Web3 Projects
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