I hate to admit that I still use faucets on occasion, but I do and I did see this advertisement. Just a quick glance at it and you know it's a Ponzi scheme--and as such, I'm sure it'll attract a lot of suckers who love to gamble their crypto away. I don't know what it is about the world of crypto, but a lot of people in it either don't understand what a Ponzi is or don't care and just hope they get lucky (those are the ones who call Ponzis "HYIPs").
Since with a little effort and a few amount of eth you can easily crete a new smart contract, there is a chance for abusers and scammers to abuse this feature.
Yep, and they're doing just that. Anything that can be exploited or otherwise used to scam people in crypto will be. That's been proven time and time again.
Edit:
That's just unbelievable! According to the news I got from reliable resources, this project closed all the withdraw options and got more than 6,000,000 usd worth of crypto while I exposed the project a month ago. The amount of stolen money is just unbelievable.
Holy crap! I didn't read your post above until after I'd written mine, but that just goes to show you how many suckers there are who'll throw money into schemes like this. Unbelievable!