Mnet​.​io investment fraud

The Issue

My dear friends from the Mnet team, we are writing to you on behalf of your investors.

In December 2021, we invested $36 million in your company, the sale price of the NUUM token was $0.45. Investors typically expect 2 things from their project - a quality product and a return on investment.

After more than 2 years, we do not see significant results from your work, there is no quality product. Everything you have done - a primitive Pioneer metaverse at the level of games 20 years ago, Bitavatar, Spaces - this simplest development costs a maximum of 1% of our investment. What did you spend the rest of the money on?
As for the return on investment, there is no need to talk about it, since the NUUM token is currently trading below $0.20. You listed NUUM on second-rate exchanges; no money was spent on marketing and advertising. You have not provided the NUUM token with liquidity at all; the slightest sales volumes greatly affect the price. Accordingly, on March 29, when investors receive their 80,000,000 NUUM and want to sell, the price of the token will drop to almost zero and we will lose almost all the money invested.

We declare that your project is a scam.

We already know what you will say - re-read the contract for the purchase of a token, we did not promise any profits, but were developing a product. Therefore we will go a different way.

On March 29, our community will write en masse to the authorities in your jurisdictions demanding an audit of the $36 million spent. It is clear that the money was spent not for its intended purpose, but to enrich the team.

Singapore (BC INNOVATION PTE. LTD, Ray Lu, Serena Naricot)
https://www.scamalert.sg/share-a-story

New Zealand (Justin Pham, Shannon Christie, Aashish Bhurtel, Keira Nesdale, Juanita Strydom)
https://www.fma.govt.nz/scams/report-a-scam/
https://sfo.govt.nz/contact/report-a-fraud/make-a-complaint-online/

Australia (Daniel Choi)
https://www.afca.org.au/make-a-complaint/complain
https://www.scamwatch.gov.au/report-a-scam

UK (Michael Li, Aleksandar Brayanov)
https://www.fca.org.uk/contact


We offer you a solution on how we can get out of this situation.

  ⁃ You return funds in full to your investors in USDT.

Or

BEFORE March 29, you are taking steps to ensure that investors can sell their tokens at least at the purchase price of $0.45:
  ⁃ Advertising with top influencers on YouTube, twitter, telegram;
  ⁃ Provide liquidity on exchanges, attract market makers;
  ⁃ Speed up negotiations with exchanges and add the token to T1 exchanges: Binance / OKX / Bybit / Coinbase;
  ⁃ Launch the Metaverse on the NUUM blockchain.

Our team has invested too much money in you. I promise on our behalf personally that if you do not take any action, we will contact the above authorities with a request for an audit. Also, we will promote this petition through social media communities where you do not have moderation.

Countdown has begun.

63

The Issue

My dear friends from the Mnet team, we are writing to you on behalf of your investors.

In December 2021, we invested $36 million in your company, the sale price of the NUUM token was $0.45. Investors typically expect 2 things from their project - a quality product and a return on investment.

After more than 2 years, we do not see significant results from your work, there is no quality product. Everything you have done - a primitive Pioneer metaverse at the level of games 20 years ago, Bitavatar, Spaces - this simplest development costs a maximum of 1% of our investment. What did you spend the rest of the money on?
As for the return on investment, there is no need to talk about it, since the NUUM token is currently trading below $0.20. You listed NUUM on second-rate exchanges; no money was spent on marketing and advertising. You have not provided the NUUM token with liquidity at all; the slightest sales volumes greatly affect the price. Accordingly, on March 29, when investors receive their 80,000,000 NUUM and want to sell, the price of the token will drop to almost zero and we will lose almost all the money invested.

We declare that your project is a scam.

We already know what you will say - re-read the contract for the purchase of a token, we did not promise any profits, but were developing a product. Therefore we will go a different way.

On March 29, our community will write en masse to the authorities in your jurisdictions demanding an audit of the $36 million spent. It is clear that the money was spent not for its intended purpose, but to enrich the team.

Singapore (BC INNOVATION PTE. LTD, Ray Lu, Serena Naricot)
https://www.scamalert.sg/share-a-story

New Zealand (Justin Pham, Shannon Christie, Aashish Bhurtel, Keira Nesdale, Juanita Strydom)
https://www.fma.govt.nz/scams/report-a-scam/
https://sfo.govt.nz/contact/report-a-fraud/make-a-complaint-online/

Australia (Daniel Choi)
https://www.afca.org.au/make-a-complaint/complain
https://www.scamwatch.gov.au/report-a-scam

UK (Michael Li, Aleksandar Brayanov)
https://www.fca.org.uk/contact


We offer you a solution on how we can get out of this situation.

  ⁃ You return funds in full to your investors in USDT.

Or

BEFORE March 29, you are taking steps to ensure that investors can sell their tokens at least at the purchase price of $0.45:
  ⁃ Advertising with top influencers on YouTube, twitter, telegram;
  ⁃ Provide liquidity on exchanges, attract market makers;
  ⁃ Speed up negotiations with exchanges and add the token to T1 exchanges: Binance / OKX / Bybit / Coinbase;
  ⁃ Launch the Metaverse on the NUUM blockchain.

Our team has invested too much money in you. I promise on our behalf personally that if you do not take any action, we will contact the above authorities with a request for an audit. Also, we will promote this petition through social media communities where you do not have moderation.

Countdown has begun.

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Petition created on March 19, 2024