Could MTFE be a Ponzi scheme?

There's news circulating about individuals facing difficulties withdrawing their funds ( $1Bn approximately)from MTFE.

It reminded me of an experience when I had just started my crypto journey in 2018.
Back then, as I was delving into cryptocurrencies and becoming increasingly captivated, I stumbled upon a website that promised returns based on investments.
The potential profits were incredibly enticing, prompting me to consider joining.
However, my funds were insufficient at the time.

After a few days, I discovered that the website had disappeared, along with the investments of numerous individuals.
This incident heightened my vigilance compelling me to do thorough research and realize the significance of such caution to navigate the crypto industry successfully.

Despite living in 2023, countless individuals continue to suffer financial losses due to falling victim to such Ponzi schemes. These schemes are often evident right from the beginning, provided we exercise a few prudent measures. Here's a compilation of my cautious insights:

• No legitimate investment opportunity assures profits to investors without undergoing proper investment validation.
• Transparency is a key requirement for such ventures.
• Unrealistic returns or pledges of substantial profits coupled with minimal risk often serve as warning signs.
• Approaching investments that urge quick decisions without allowing room for due diligence should be met with caution.

There are several well established platforms that offer AI powered trading and bot trading and copy trading. Instead of relying on unrealistic and relatively new platforms, We should navigate our ways into the renowned one, in my opinion