spot_imgspot_imgspot_img

PAYU Fraud: Where Is the PAYU Project Managed? PAYU Scam Threat!

  • The PAYU project raises the question of fraud with entirely bot-driven social media accounts and ambitious goals.
  • Claiming to have a collaboration with GTA 6 while GTA 6 has not even been released is a rather amusing situation for PAYU.
  • In addition, the PAYU project has left the management entirely to the Turkish community. How? The claim that the PAYU project is foreign is actually completely wrong.

Is PAYU, which started as Memecoin and claims to turn into a money transfer company, really a reliable project?

Is PAYU Project a Scam? Here are the Details!

What-is-Platform-of-meme-coins-PAYU

Starting as a meme coin inspired by popular meme coins like PEPE, DOGE, BABY DOGE, and FLOKI, the PAYU project raises the question of fraud with entirely bot-driven social media accounts and ambitious goals. Now, let’s take a look at the CoinOtag team’s review of the PAYU project…

The project, which emerged in June 2023, was initially launched as a meme coin. Unable to gather enough audience with the meme coin hype, PAYU later started to transform into a payment company by changing its goals. However, there is no evidence that it has turned into a payment company.

After the rumors that PAYU started the money transfer era, it announced on its website that it had partnered with companies such as PayPal, Skrill, En Para, Venome, Beem, and Zelle. However, these partnerships have no basis. There is no official partnership.

In addition to these baseless and fake partnerships, the announcement that the PAYU project has applied for a license in the states of Arizona, Rhode Island, Maryland, Georgia, California, Michigan, and Missouri in the U.S. after starting the money transfer era was ridiculed by the community. These applications also have no basis, proving the fraud.

As if all this were not enough, the statement by the PAYU team that there is an agreement between PAYU and GTA 6 further complicated things. It turned out to be quite a funny situation for PAYU to claim a collaboration with GTA 6 when GTA 6 has not been released yet. This should not be surprising, as GTA 6 was being discussed on social media during the period when PAYU made these announcements.

Even if they managed to realize all these, the poor quality of the site interface and the appearance of the system reveal that they are completely fake. A company doing such a large and important business as money transfer cannot have such a poor interface and system.

In addition, the PAYU project has left the management entirely to the Turkish community. How? The claim that the PAYU project is foreign is actually completely wrong; the project is managed by a Turkish person and has exposed its unsuccessful track record with its behaviors. The simplest proof of this is the activity in the project. The team of the PAYU project is not active enough, and they only share announcements. The administrator (the person who actually manages the project) in the Turkish community supports the PAYU project more.

Not to mention the bots used on social media… Likes and RTs are entirely made up of bots, and when they are unlucky, these bots quickly decrease, and imbalances emerge. There is no community at all; those holding the project’s coin are mainly Turks.

Also, the danger in the PAYU coin chart creates a similar image to rug-pull projects. PAYU experienced a decrease of more than 81% from its ATH level. After June, PAYU deepened its decline and victimized investors.

PAYU_All_graph_coinmarketcap (1)
PAYU Price

Other reactions to the PAYU team

The absurdities in the PAYU project do not end here, and the reactions on social media show how bad the situation is. Some reactions shared below show that there are suspicions about the project, and people do not believe it.

Some participants in the community claim that they cannot open the PAYU chat group and are deceived. In addition, the general opinion is that this project is managed by a group of Turks. The investors of the project are also mostly Turks.

Similarly, in another discussion, an X user previously claimed to be an administrator in the PAYU chat group made a post expressing his lack of trust in PAYU. The user emphasized that the PAYU project is not reliable.

Users commenting on this post also agree with the general opinion; the project is managed by a Turkish person. Most community members express regret for investing and state that the promises given are not kept.

As it also appears on social media, community members who do not trust the project express their concerns. People are right not to trust the project; announcements are made, but these announcements have no basis. PayPal partnership: Does PayPal know about it?

PAYU, which could not gain enough momentum in the meme coin frenzy, is now turning to the popular GTA 6. It claims that there will be a collaboration with GTA 6. Of course, this situation, like other events, has no reality. Completely fake.

In addition to these situations, there is an effort by the PAYU team to create a fake pressure on the CoinOtag team. What you can see in the email below is as follows: Our team is offering $1,000 to the PAYU team and emphasizing: the amount to be paid is $1,000. However, they drag the agreement into chaos by saying in the email from the PAYU team that they are sending $500. Of course, we state that we cannot accept this and they resort to a threat. In this case, the identity of the project manager is revealed. He also plans to abandon the project.

payu-mail
PAYU mail message

Now, in the light of this information, think twice before investing in PAYU, which has aimed to be an unreliable and completely fake project…

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news

spot_imgspot_imgspot_imgspot_img

Latest News

EU Central Bank Asserts Bitcoin BTC’s Value Remains Zero Despite Rising Market Acceptance

Despite Bitcoin's surge past $64,000 and ETF milestones in the U.S., the European Central Bank steadfastly views the leading digital asset's value as non-existent, highlighting potential economic and environmental risks.

BlackRock’s Bitcoin ETF IBIT Set to Eclipse Gold with $10 Billion Milestone, Reshaping Crypto ETF Landscape

Amid Bitcoin's ascent past $60,000, BlackRock's IBIT ETF is poised to outpace traditional gold investments, signaling a significant shift in investor preferences towards digital currencies.

Coinbase Experiences Unprecedented Traffic Surge Amid Bitcoin BTC’s Rally to $64K

In an extraordinary display of digital currency enthusiasm, Coinbase's platform traffic overwhelmingly surpassed expectations, underscoring the growing mainstream acceptance of Bitcoin and other cryptocurrencies.

Jeff Bezos Sparks Bitcoin Investment Rumors: A New High-Profile Player?

The cryptocurrency community is abuzz with speculation that Amazon founder Jeff Bezos could be making a significant move into Bitcoin, following a series of financial maneuvers and a high-profile meeting with Michael Saylor.

Solana Trader’s Astounding 4,530x Return on WIF Ignites Crypto Community Buzz

A Solana trader's incredible return on investment with dogwifhat (WIF) captivates the crypto world, spotlighting the high-reward potential of meme coins within the Solana ecosystem.
spot_imgspot_imgspot_imgspot_img

PRO Analysis

Ethereum Breaks $3K as Rally Continues: What’s Next for ETH?

This article dives into Ethereum's recent surge past $3,000, analyzing the technical indicators and market dynamics driving its ascent and future prospects.

Will Bitcoin Rise To $50,000? Current BTC Analysis

Bitcoin is trading at $48,400 and may rise to $50,777 if it closes above $48,200. However, caution is advised in the range of $50,777 - $52,000. Corrections are common in the crypto market, so careful consideration is necessary before spot investments.

Where is the Solana Rise Target? Current SOL Analysis!

Solana is trading near the $108 resistance on the 8-hour chart, with a potential target of $111.84 if it surpasses this level. However, caution is advised in the $111.84 - $117.20 resistance range on the 6-hour timeframe.

Medium Term Ethereum Technical Analysis! What Awaits Its Investors?

When examining the medium-term technical chart of Ethereum, strong buying pressure is observed, pushing the price up from the $2139 support to the $2350 region. However, for the price to sustain its upward movement, it needs to surpass the $2407 resistance.

Can Bitcoin Fall To $35,000 Levels? Current BTC Analysis

When examining Bitcoin's 5-day technical chart, the analysis from January 18 is ongoing, indicating a continued downward movement from the $48,189 level. Bitcoin needs to close 5-day candles above the $44,200 resistance to gain momentum for an upward trend. 
Jocelyn Blake
Jocelyn Blakehttps://en.coinotag.com/
Jocelyn Blake is a 29-year-old writer with a particular interest in NFTs (Non-Fungible Tokens). With a love for exploring the latest trends in the cryptocurrency space, Jocelyn provides valuable insights on the world of NFTs.
spot_imgspot_imgspot_imgspot_img

EU Central Bank Asserts Bitcoin BTC’s Value Remains Zero Despite Rising Market Acceptance

Despite Bitcoin's surge past $64,000 and ETF milestones in the U.S., the European Central Bank steadfastly views the leading digital asset's value as non-existent, highlighting potential economic and environmental risks.

BlackRock’s Bitcoin ETF IBIT Set to Eclipse Gold with $10 Billion Milestone, Reshaping Crypto ETF Landscape

Amid Bitcoin's ascent past $60,000, BlackRock's IBIT ETF is poised to outpace traditional gold investments, signaling a significant shift in investor preferences towards digital currencies.

Coinbase Experiences Unprecedented Traffic Surge Amid Bitcoin BTC’s Rally to $64K

In an extraordinary display of digital currency enthusiasm, Coinbase's platform traffic overwhelmingly surpassed expectations, underscoring the growing mainstream acceptance of Bitcoin and other cryptocurrencies.