Unveiling Collector Crypt: $62M Revenue Is a Closed-Loop Fund Game, 85% Controlled by Bot Wallets

Event Overview

According to MarsBit, Collector Crypt's claimed $62 million revenue has been exposed as a closed-loop fund recycling scheme. User deposits are nearly equal to the declared revenue, making actual net income far lower.

Key Findings

• 85% of the funds are controlled by 992 bot wallets, with highly automated transactions concentrated on a single exchange, OKX.
• The real commission is only $28.9 million, all derived from repeated circulation of the same funds, with no genuine user deposits attracted.
• While the platform holds real cards in its treasury, the business model lacks real user demand, essentially functioning as a self-recycling Ponzi structure.