How Scams Work & How to Stay Safe
š« Riches NFT is a textbook Ponzi scam. Hereās how they do it:
1ļøā£ Promise insane returns to attract deposits.
2ļøā£ Use new investorsā money to pay old ones.
3ļøā£ Once people catch on, freeze withdrawals.
4ļøā£ Throw out a ā2x bonusā bait to milk last-minute deposits.
5ļøā£ Disappearāleaving everyone wrecked.
Red flags to avoid future scams:
š“ If it sounds too good to be true, it is.
š“ No legitimate project blocks withdrawals.
š“ Real projects donāt need deposit bonuses to attract users.
If youāre in Riches NFT, DO NOT deposit more money. Cut your losses and spread the word before others get trapped! šØ
#CryptoScam #PonziAlert #StaySafe