HotNews No. 136: Legal Analysis: “Crypto Family” – A Possible New Crypto Trap for Investors

Introduction
The platform Crypto Family was covered by the portal BehindMLM, and the full text can be read on their website.
Below we provide a legal analysis with a focus on the risks associated with this project.

Crypto Family was first noticed in September 2022, and in the meantime, it has changed several business models –
from “crypto-mining” to NFT tokens and its own “Family Token” currency.
The founder is Nebojša Katić, with experience in several previous multi-level marketing (MLM) projects.

Legal Framework
In international practice, fraud in the field of investments and cryptocurrencies is recognized as a serious criminal offense
sanctioned in almost all legal systems. Financial regulators worldwide regularly warn about the risks of investing in projects
that promise unrealistically high and fast returns, especially when it comes to models without transparent operations or a clear economic basis.

Facts about Crypto Family
• In June 2022, a “crypto-mining package” model was launched, promising a 10% daily return; 
• In November 2022, a “reboot” followed under the name Crypto Family 2.0, based on the NFT and Family Token system; 
• The project formally states that it is “headquartered in Central Europe,” but the website refers to the address of a consulting firm in Dubai; 
• Crypto Family has been linked to platforms such as Ultron/Mavie Global. 

Legal Assessment
Business models based on high promises of short-term returns, combined with a lack of transparency about actual operations,
are recognized in legal theory and practice as risky and potentially unlawful. 

Although the competent authorities still need to establish all the facts, available data suggest that Crypto Family may contain elements of possible fraud. Investors should be particularly cautious, as these models are often financed through payments from
new members, which can lead to losses. 

Conclusion
Crypto Family represents an example of a platform with many uncertainties regarding the legality of its business operations.
Investors are advised to carefully verify all facts before making any investment and to consult with financial and legal experts. 

DefendMe Recommendation: Investments that promise unrealistically high returns always carry high risk.
Caution and legal due diligence are essential before making any decision. 

If you have invested in this project and the promised returns have not been delivered, contact us – we are monitoring this case.