Treasure NFT, a platform that claims to generate high returns through AI-driven NFT trading, has restricted withdrawals for many users, leading to growing concerns about its legitimacy. While some investors are successfully withdrawing their funds, others are facing delays, frozen accounts, or outright denials, fuelling speculation that the platform may be experiencing liquidity issues or operating as a Ponzi scheme.

Reports from users suggest that Treasure NFT may be selectively allowing withdrawals to maintain the illusion of legitimacy. Some investors, especially early adopters or those bringing in fresh referrals, received their funds, while others have encountered excuses, technical issues, or extended delays. This pattern is often seen in financial scams, where payouts are initially processed to build trust before withdrawals become increasingly difficult.

Company Response to Withdrawal Issues

In response to growing concerns, Treasure NFT issued an official notice stating:

“The company’s financial department is temporarily adjusting the financial system today. To comply with local financial regulatory audits and ensure user fund security, the company has decided to extend the withdrawal processing time from 96 hours to 168 hours, effective immediately. Once the audit is completed, we will restore the original withdrawal time, and all financial orders will be processed 100%.”

The company has assured users that all pending transactions will be processed once the audit is complete. However, many investors are suspicious, suspecting that the delay is a ploy to avoid mass withdrawals before the inevitable collapse.

Treasure NFT developed as a platform guaranteeing daily returns of 4.3% to 6.8%, which are much greater than conventional investment returns. It also employs a multi-level referral system in which users are incentivised to bring in new investors, a strategy typically associated with Ponzi schemes.

Financial experts have previously cautioned that platforms with such large returns and referral-based incentives may struggle to maintain payments when new investments decline.

Treasure NFT operates as a pyramid scheme, relying on new investor referrals rather than a sustainable business model. With withdrawal restrictions and selective payments, concerns are rising that the platform is on the verge of collapse.  A large number of Pakistanis have invested substantial amounts into Treasure NFT, lured by the promise of quick and massive returns. If the platform fails to resume normal operations, it could leave thousands of investors facing substantial financial losses.