Cryptocurrency Fraud Scheme Eyes Super Bowl Spotlight

Two companies running a textbook cryptocurrency pyramid scheme are now trying to convince Americans they're official Super Bowl sponsors—after already fleecing investors across Asia with fabricated government partnerships.

Nasgo and ShareNode operate a straightforward MLM scam dressed up in blockchain language. Affiliates buy into SNP and NSG tokens, pocket promised returns in bitcoin, then make money recruiting the next wave of investors. It's the same predatory structure that's enriched the top of the pyramid for decades, just with cryptocurrency instead of vitamins.

The scheme depends entirely on pumping NSG's value. ShareNode recently listed NSG on BitForex, a Chinese exchange established in 2018 with a spotty reputation. They're betting on volume and hype to make early investors look smart.

That strategy worked well enough in Asia. In Vietnam, Nasgo executives told prospective investors the company had signed partnerships with the Chinese and Cambodian governments to be their exclusive blockchain providers. They repeated the lie on official social media. Affiliate marketer Keith Lacy amplified it: "The founders of Nasgo signed a partnership with the China government and Cambodian government to be their countries only blockchain source (with many more countries lined up)."

No Chinese or Cambodian government official has confirmed any agreement with Nasgo. No country has publicly endorsed the platform. The claims exist only in promotional materials and investor pitches. But they worked. Vulnerable investors in Vietnam, China and Cambodia transferred money in.

That playbook won't cut it stateside. Americans demand bigger bait. So Nasgo pivoted to the Super Bowl.

In January, Nasgo published a press release claiming to celebrate "the power of tokenization" at the Super Bowl on February 3rd. Keith Lacy was already out front with his version: "If you like football, Nasgo is sponsoring this years Super Bowl where the Mayor of Atlanta Georgia will be speaking at the pregame event regarding Nasgo's proprietary technology that is changing the world!!"

The NFL has no record of Nasgo as a sponsor. The company is renting a VIP suite to host 20 celebrity guests and demo its VAPR augmented reality app. They plan to flood social media with videos during the game, manufacturing the appearance of legitimacy and scale.

It's a calculated move. Most Super Bowl viewers won't verify sponsorship claims. The spectacle alone—celebrities, technology, official-sounding announcements—creates just enough fog to keep money flowing from new recruits convinced they're getting in early on the next big thing.

But this is how the scheme collapses. Pyramids require endless growth. Eventually you run out of people willing to buy tokens that have no underlying value, no actual adoption, no government backing. When the music stops, the people at the bottom—the vast majority who joined after seeing Super Bowl ads or reading Lacy's marketing pitch—lose everything.

The NFL's legal team will likely send a cease-and-desist soon. For now, Nasgo keeps selling the dream.

🤖 Quick Answer

Are Nasgo and ShareNode legitimate Super Bowl sponsors?

What is the operational structure of the Nasgo-ShareNode scheme?
The scheme functions as a classic MLM pyramid. Affiliates purchase NSG and SNP tokens, receive promised bitcoin returns, and generate income by recruiting additional investors. The model's sustainability depends entirely on continuous recruitment and artificial token value inflation.

Where has the NSG token been listed for trading?
NSG token was listed on BitForex, a Chinese cryptocurrency exchange established in 2018. BitForex operates with limited regulatory oversight and has maintained a contentious reputation within the cryptocurrency industry.

What geographic markets have been targeted by these companies?

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