If I'm not mistaken, they even imitated the early strategy of Binance by giving away a Lamborghini. I cannot remember exactly how things have turned awry but it was indeed accused of being a scam.
Binance was giving away Lamborghini? Lol I didn't know that. Those marketing "techniques" are usually reserved for the worst possible ponzi scams.
Yeah, they did that. It wasn't the most classy move, of course, but Binance wasn't the first crypto exchange that did that. As a matter of fact, if my memory serves me right, Binance also took that idea from another CEx. I cannot remember which crypto exchange did the same prior to Binance. But I remember reading an interview of CZ around that time attributing that giveaway idea to one of his staff.
There was also a time when KuCoin did a Lambo giveaway. Today, where have all the Lambos gone?