Mythical Games blockchain game asset appreciation promises lead to player losses

Who Gets Targeted

Victims are primarily young players familiar with cryptocurrency and blockchain games, aged between 20 and 35, who have high enthusiasm for digital asset investment but lack risk identification skills. They generally believe that the combination of AI technology and blockchain can bring stable returns and are easily misled by virtual asset growth data and profit screenshots displayed in communities. Many players view in-game purchases as investments rather than consumption, investing thousands to tens of thousands of dollars in limited-edition characters or items in anticipation of future resale profits.

骗局怎么运作

• Platforms advertise on social media and gaming communities, promoting their AI-driven blockchain game assets as scarce and having appreciation potential, such as claiming that AI algorithms can automatically match players with high-value trading opportunities.
• Players are induced to purchase limited-edition NFT assets within the game, with platforms promising that these assets will appreciate as the game ecosystem develops, often showing historical price charts as evidence.
• Platforms create artificial liquidity by controlling the trading market or restricting withdrawals, allowing early players to see short-term price increases to attract more buyers.
• When the inflow of funds from new players slows down, the platform begins to adjust game mechanics or issue new assets, diluting the value of existing assets and causing prices to plummet.
• When players attempt to sell their assets, they find insufficient market depth or restricted withdrawals, with customer service blaming market volatility, ultimately leading to assets becoming worthless or untradeable.

红旗信号（看到这些快跑）

• 🚩 Promises of guaranteed asset appreciation or returns, using AI technology as a marketing gimmick.
• 🚩 Restrictions on player withdrawals or trading, requiring minimum top-ups or other conditions to sell assets.
• 🚩 Opaque game economic models, with a lack of audits for token issuance and circulation.
• 🚩 Large numbers of accounts in the community displaying profit screenshots without verifiable transaction records.
• 🚩 Frequent changes to game names or servers by the platform to evade complaints and regulatory scrutiny.

真实案例

• In 2025, a player posted on Reddit claiming to have invested approximately $20,000 in limited characters in Mythical Games' Blankos Block Party, only to find the value had dropped to a few hundred dollars when attempting to sell in 2026.
• In 2026, multiple complaints against blockchain gaming platforms appeared on the Black Cat Complaint platform, with users reporting that platforms unilaterally changed rules after they purchased virtual land, leading to significant asset depreciation.
• CCTV reported in 2025 on a 'Metaverse Farm' scam, where the platform induced investment through virtual land appreciation, shut down servers, and absconded with over 10 million yuan.

Official Stance

• The National Internet Finance Association of China issued a risk warning in 2025, cautioning against illegal fundraising activities under the guise of the metaverse and blockchain games.
• The Ministry of Public Security reported multiple virtual asset fraud cases in 2026, reminding the public not to trust promises of in-game asset appreciation.
• The U.S. SEC issued investigation letters to several blockchain gaming platforms in 2026, focusing on whether their token offerings constitute unregistered securities.

How to Protect Yourself

• ✅ Do not treat in-game purchases as investments; view the market risks of virtual assets rationally.
• ✅ Check if the platform has legitimate operating qualifications and third-party audit reports before purchasing.
• ✅ Keep all transaction records and screenshots of platform advertisements as evidence for future legal action.
• ✅ Remain vigilant against blockchain games that promise high returns or asset appreciation, and report suspicious platforms to regulatory authorities promptly.