Buyerex拜尔 Exchange: AI crayfish check-in scam, an 8-tier rebate Ponzi scheme

Who Gets Targeted

Victims are mainly middle-aged users in third- and fourth-tier cities who have only a smattering of knowledge about cryptocurrency and AI technology, part-time stay-at-home mothers, and college students. They internally crave low-cost, high-return opportunities, readily believe the rhetoric of “check in for zero-cost rewards” and “AI earns money automatically,” and lack the ability to distinguish unlicensed Ponzi schemes. Many know the model resembles a pyramid scheme but hold on to the hope of “withdrawing before the collapse.” In the end, they are dazzled by high rebates and fake earnings curves, invest all their savings, and even borrow money to participate. When withdrawal channels close, they often lose everything but do not dare to call the police, fearing they will be held liable for recruiting downlines.

骗局怎么运作

• Step 1: Place large numbers of ads on short-video platforms and WeChat groups for “AI crayfish check-ins, real-name verification with free tokens,” using zero cost and zero threshold as bait to attract users to download the App and register. When registering, users must enter an invitation code, through which the platform establishes an upline-downline binding relationship to prepare for subsequent viral recruitment. The pitch often emphasizes “anyone can participate; just tap once a day to make money,” catering to the mentality of seeking small gains.
• Step 2: Display fabricated AI quantitative trading curves in the App, claiming that intelligent algorithms automatically buy and sell crayfish futures, and that users can receive dividends just by checking in daily. In reality, all earnings data in the backend is merely a string of numbers that can be modified at will; the so-called quantitative model does not exist at all. The platform arbitrarily adjusts return rates in the backend, giving early users the illusion of rapid growth and strengthening their trust.
• Step 3: Set deposit thresholds such as “recharge computing power” or “buy tokens,” guide users to transfer USDT to the platform wallet, and promise annualized returns of up to 60% or more. The platform also creates a sense of scarcity with “the earlier you deposit, the higher your returns,” urging users to deposit large amounts. These funds do not enter any real trading market; instead, they are directly divided up by the project team to pay rebates to old users and cover daily operations.
• Step 4: Establish an 8-level rebate system. Each direct downline developed earns a certain percentage commission, and indirect downlines also generate commissions. To stimulate recruitment, the platform also sets rewards such as “team performance awards” and “tiered dividends,” encouraging users to spontaneously form communities and record instructional videos, creating viral spread. Funds paid by new users are used to pay rebates to uplines; in essence, this is the transfer of principal in a Ponzi scheme.
• Step 5: When the growth rate of new user funds slows or large numbers of frequent withdrawals occur, the platform delays withdrawals under the pretext of “system upgrade” or “risk-control review,” and may even require users to pay an “unfreezing fee.” As the funding gap grows, the project team eventually shuts down servers, deletes communities, changes domains, and absconds, leaving a group of users unable to withdraw a single cent. The entire cycle usually lasts only two to three months, completely contradicting the promise of a so-called “stable platform.”

红旗信号（看到这些快跑）

• 🚩 Promises principal protection and high returns, with annualized rates above 30% or even 60%, yet cannot explain the source of returns and only vaguely claims “AI quantitative strategy.”
• 🚩 No clear operating company, place of registration, or financial license; the official website and App disclose no real corporate information, using only vague statements such as “registered in Singapore.”
• 🚩 Uses the number of recruited downlines as the main basis for earnings, with rebate levels reaching 8 tiers, highly consistent with pyramid scheme characteristics.
• 🚩 Advertises “zero-cost rewards” but forcibly requires users to complete real-name verification and bind cryptocurrency wallets, actually collecting sensitive personal information.
• 🚩 Sets obstacles to withdrawal, such as minimum withdrawal amounts, daily limits, high fees, or frequently suspends withdrawals under the pretext of “system maintenance.”
• 🚩 Communities are filled with rhetoric such as “guaranteed profits, no losses” and “signal-leading teachers,” while users are prohibited from discussing risks; anyone who questions is kicked out of the group chat.

真实案例

• In 2026, Pingpan website reported that Buyerex advertised a 60% annualized return, but the operator had not obtained any financial license, and its model was questioned as using new users’ principal to pay old users’ interest, making it a typical Ponzi scheme. (Source: https://pan.ennet.cc/article/6076.html)
• On August 26, 2026, Singapore’s Lianhe Zaobao reported that 68-year-old retiree Mr. Huang met a woman on TikTok who claimed to work at an artificial intelligence cryptocurrency mining company. He was induced to operate a so-called “coin mining investment” platform on her behalf. In less than 10 days, he invested nearly S$30,000. His account showed principal plus returns of about S$50,000, but he could not withdraw, ultimately losing more than S$70,000 in retirement savings. (Source: https://www.zaobao.com.sg/news/singapore/story20260826-9575406)
• In 2026, Chapan website issued a warning exposing the Buyerex exchange Ponzi scheme: using “0-cost rewards” as bait, AI crayfish check-ins were actually a dividend Ponzi scheme, promising daily interest of 1%–1.5% and monthly returns exceeding 30%, setting up a 9-level promoter system to recruit downlines for dividends, claiming 100,000 members, and entering a high-risk collapse period two months after launch. (Source: https://chapan.cc/article/8475.html)

Official Stance

• On August 26, 2026, Singapore’s Lianhe Zaobao reported that a local man in his sixties trusted a female online friend’s “mining” invitation and lost S$70,000 in pension funds, reminding the public to be alert to AI mining and cryptocurrency investment scams.
• In April 2026, police in Guangxi, China, arrested 52 Singaporeans suspected of participating in a pyramid scheme. China’s Ministry of Foreign Affairs said it had arranged consular visits three times, indicating that law enforcement authorities are strengthening their crackdown on cross-border pyramid schemes and Ponzi schemes.
• In May 2026, Hezhong Yuanjing TGG-X was placed under police investigation for an AI quantitative scam with 155% annualized returns. An official notice stated that the platform illegally absorbed public deposits under the guise of AI technology.

How to Protect Yourself

• ✅ Before investing, check whether the operating entity is registered with financial regulators. Verify the company registration number and license through Singapore’s ACRA or the official website of the China Securities Regulatory Commission. If no information is found, abandon it immediately.
• ✅ Do not register for any platform that uses “check-in zero-cost rewards” as a name and requires real-name verification and binding of a cryptocurrency wallet, let alone invest a single cent.
• ✅ For platforms that promise high returns and offer recruitment rewards, keep all screenshots, transfer records, and third-party payment receipts. Once abnormal withdrawals are discovered, report to the public security authorities immediately.
• ✅ If you have already participated, do not recruit downlines in an attempt to recover losses; otherwise, you may change from a victim into a pyramid scheme participant and bear criminal liability. Exiting quickly and calling the police is the only correct choice.