Hive Arbitrage Scam

Hello!
I'm willing to undestand, if some of you have any experiance with a telegram user named Zayn Richter and his channel with 4.5K members named P2P Crypto Arbitrage.
Is it a scam?
He makes me send money to a network named hivenetwork1 with my memotag and in about 5-10 mins i get more of the hive coin in return, he wants me to make this 5 times every day, but after each day passes and i show him the profits, he wants me to make a bigger deposit.
Can anyone give advise