Information security expert Rafay Baloch explains
B4U Global Investment is a controversial financial scheme that offers investors unrealistic and guaranteed profits (from 7% to 20% a month).
It claims it invests 60% of its funds (the depositor’s money) in cryptocurrencies. It also pitches to potential investors an RS Coin, its own cryptocurrency that B4U itself values at $4 per unit. However, information security expert Rafay Baloch says this currency doesn’t have a functional blockchain, the technology that supports crypto’s operations. Is the RS Coin a fake virtual currency? We asked him what he thought.