Cryptocurrency Scam Network Exposed: And $275M Lost.

[joniboini]

Choosing an honest and clear platform is something that needs to be considered seriously so as not to lose money.

I believe most people (if not all of them) know that you can't choose a platform to invest randomly. I think the issue is likely greed as mentioned above. They're harder to solve because newbies don't have enough experience to counter their greed to make money quite easily. Heck, I remember seeing someone post a high-risk platform (likely a scam) and argue that they can spend some money there and withdraw quickly so they don't get scammed. It's pretty similar to spending your money buying meme tokens even though you know 90% of them are scams. You'll be surprised at how often stuff like that happens, whether we're talking about crypto or not.

[Powerjumboo]

35,000 Investors Lost their coins worth $275M

I'm posting this here also foe newbies to know that not all the cryptocurrency investment platforms they see in the internet is genuine. You have to verify the platform before you proceed to invest in it. If you don't know the platform and it promising you heaven and earth with good bonuses. Avoid it and only use self custodial wallets for your investment if it is foe long term.

I stumbled on this this today on a telegram news channel.

An international investigation uncovered a large-scale fraud scheme in the crypto industry. Two interconnected networks, operating from Ukraine and Georgia, scammed thousands by promising guaranteed returns on fake investments. Some firms were found to be linked to Israeli business figures.

This was what I have said in one of the thread in reputation that someone you barely knew online can create and develop trust for you and use that avenue to scam you and this was what happened to those cryptocurrency investors. The scammers would first create trust for good communication and even gift you cash for you to believe that he is a good man but he has other bad motive. I will not advise investors to use any of the following platforms. Ice Crypto Trading App, ABC Trading, Capital Handel System etc.
Source: Here

Thank you for bringing this post here and for bringing the details to everyone. There are many investment platforms that are not really real and are created to cheat customers. They create their investment platforms in such a way and show such offers where new and old customers are attracted and agree to invest there and invest. Many offers have come to the fore and many people have offered me on Telegram in such a way that you cannot help but be attracted but I never believed their words. A few days ago, someone was messaging me on Telegram and gave me a link from where I can earn by entering. I entered his link and there I created an account and his opinion. After creating an account, I completed 25 free order there and they gave me some money as commission. I understood what they were giving me for. Later, when I went to order, they asked me to recharge about $ 80 but I did not recharge as they said. They messaged me for a long time but I got annoyed and blocked them.  So what I mean here is that many people will make offers to deceive you in many ways, but not all of those offers can be trusted.

[Ishicryptic]

I have always known that there is no free money anywhere, especially online where you don't know the reputation of most of the people there, so it is very important to carry out research first, if you are not satisfied with your findings, you should just ignore it. I have seen many of such enticing investment offers online and from experience I always see the red flag that they are scams. I don't think that there is any genuine investments that will offer you unrealistic returns so we shouldn't get carried away and greedily invest our money in get rich quick schemes because they are scams. Reputable banks that gives profit for fixed deposits are always very small returns compared to random platforms that will promise unrealistic returns, people should be wise.

[Sanitough]

I have always known that there is no free money anywhere, especially online where you don't know the reputation of most of the people there,...

It's not free money since there’s an investment involved. A more fitting description would be "easy money" because Ponzi schemes usually promise very high returns on investment.

The problem is that some investors, even if they know the rule "if it's too good to be true, it's likely a scam," still choose to ignore it. They get tempted by the rewards, thinking of it as high risk, high reward. The only issue is that most of the time, it turns out to be a scam.

[DiMarxist]

Choosing an honest and clear platform is something that needs to be considered seriously so as not to lose money.

I believe most people (if not all of them) know that you can't choose a platform to invest randomly. I think the issue is likely greed as mentioned above. They're harder to solve because newbies don't have enough experience to counter their greed to make money quite easily. Heck, I remember seeing someone post a high-risk platform (likely a scam) and argue that they can spend some money there and withdraw quickly so they don't get scammed. It's pretty similar to spending your money buying meme tokens even though you know 90% of them are scams. You'll be surprised at how often stuff like that happens, whether we're talking about crypto or not.

It is the government and the capitalist society that causing the poor masses to invest on those platforms and they thought they would make quick money from those investment but unknown to them they have been scammed. If the government was creating a good environment for the people to do business and employing the qualify youths in the Civil Service and people wouldn't involved and invest in those Ponzi Scheme investment platform.
As this exposed, they will use another method to attack again so we should guide ourselves. Don't invest in whatever we see online. Don't be greedy. And if you must invest, invest in a popular platforms like Binance and others.

[yudi09]

Choosing an honest and clear platform is something that needs to be considered seriously so as not to lose money.

I believe most people (if not all of them) know that you can't choose a platform to invest randomly. I think the issue is likely greed as mentioned above. They're harder to solve because newbies don't have enough experience to counter their greed to make money quite easily. Heck, I remember seeing someone post a high-risk platform (likely a scam) and argue that they can spend some money there and withdraw quickly so they don't get scammed. It's pretty similar to spending your money buying meme tokens even though you know 90% of them are scams. You'll be surprised at how often stuff like that happens, whether we're talking about crypto or not.

Avoiding scams is something everyone wants to do because it hurts. But there is some truth to what you said. The problem lies in not knowing or not having enough experience to fight what they should avoid including the possible word greed.
Knowing something first before getting involved is something that is absolute in my opinion and there is no negotiable word.