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Lightning Shared Scooter Co. (LSSC) has been flagged by Canadian securities regulators in several provinces, including , and . The platform is currently being investigated as a possible Ponzi scheme or scam.
LSSC has promoted a "click-to-earn" app that uses USDC on the Polygon network to collect deposits. It advertises easy daily returns, but many users have reported that they have not received anything. Some of these transactions have been falsely linked to Newton.
We want to be clear: Newton has no affiliation with LSSC or any external scooter rental programs or crypto asset investment platforms. We do not partner with third-party apps, trading programs, or unverified services. If you see Newton's name used in connection with LSSC or anything similar, it is fraudulent.
The Newton team has been responding in a number of ways to react to this possible threat and protect our users. One method has been to temporarily disable USDC withdrawals occurring on the Polygon network after we detected suspicious activity related to LSSC. This decision was taken to safeguard clients and was not intended to interfere with valid transactions or disrupt our users' experience.
As crypto enthusiasts ourselves, the team understands that this temporary pause may have interrupted your plans or created an inconvenience which is less than ideal. In an industry that moves fast, your patience helps us uphold the security and integrity that crypto demands. Withdrawals on all other supported networks are running as expected and are not part of this issue.
If your account might be at risk, the fastest way to clarity is through our support team.
Use this checklist to help protect your funds and personal information:
□ When connecting with us use our official site:
□ Activate Newton’s anti-phishing code so you know which messages are from our team
□ Do not use third-party investment platforms or apps that claim to be partnering with us
□ Beware of “too-good-to-be-true” promises like guaranteed daily profits
□ Double-check wallet addresses before sending crypto
□ Only withdraw crypto assets to a wallet that you own or control
□ Never share your login credentials, our help desk will not request your 2FA codes, or recovery phrases
□ Report suspicious activity or fraud attempts to support@newton.co
LSSC purports to operate a scooter rental management platform where users can supposedly earn passive income by “renting” electric scooters via a mobile app. However, there are several red flags and deceptive practices that suggest LSSC is operating as a Ponzi-style scam rather than a real transportation business. The platform requires users to invest funds under the guise of “purchasing scooters” that are then supposedly rented out, generating daily returns. In reality, there is no proof that any scooters are being deployed or used in public locations. The “earnings” users receive appear to be paid from the deposits of newer users rather than actual business revenue.
*Summary sourced from .
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