Airbit Club was a global scam in which promoters hosted “lavish expos” and community presentations throughout the U.S., Asia, Latin America and Eastern Europe, and convinced victims to invest in “memberships” that purported to yield returns generated through bitcoin mining and trading. Victims could view their “balances” on an online portal but the numbers were fake and they could not withdraw funds.
Source: https://www.coindesk.com/policy/2023/03/08/airbit-club-founders-lawyer-plead-guilty-to-100m-fraud-scheme/?utm_medium=referral&utm_source=rss&utm_campaign=headlines