币姥爷
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January 25, 2025
A shocking event occurred today. Long-time users should be aware of Jubi.com, which was a star exchange during the previous bull market but has since declined to a second-tier exchange in this round. Recently, Jubi announced plans for a platform token with a price of 0.1 in an oversubscription model. Normally, this would guarantee a profit, but the allocation is quite small. Because of this, 160 million USD rushed in to 'pick up money.' Little did they know, the platform changed the rules from the oversubscription model to a premium model. To translate, this means no refunds and all funds go to platform tokens, with this amount of funding, each platform token is worth over 20 USD.
This is a classic case of fraud or robbery. It’s unexpected that in such a poor market, the platform still targets users. Remember, those who can play on Jubi are all long-time users; it's simply too harsh. This is why I repeatedly advise against using dodgy exchanges. Honestly, Jubi was at least a first or second-tier exchange and they can do something like this; it’s easy to imagine what unknown exchanges might do. Keeping funds in major exchanges like Binance or OKEx at least ensures a higher security level for the principal. It's not worth risking for some petty gains; don’t gamble on others’ morals.
Additionally, I’d like to expose another scam that has been reported to me by fans recently. Platforms like Binance and OKEx also have people exploiting loopholes, and the biggest danger comes from the C2C market. U traders first complete a transaction with you, then add you as a friend and entice you to other platforms with promises of high returns through following their trades, which usually leads to some dodgy exchanges. Their main goal is to eat your losses, meaning they share in your losses with the platform. Someone might ask, what if I make money? Well, sorry, you won’t be able to withdraw.
Making money in the crypto space is easy, but there are many pitfalls. Currently, the market is not good, and the profit-making effect is poor. Don’t rush and be deceived by those so-called guaranteed trade followers. Think about it: if they were really making money, would they need your small amount of capital? In terms of market conditions, I still believe we are at a relatively poor bottom stage. Patience will reveal the moon after the clouds clear. At this time, it's important to protect the safety of your principal. Don’t play recklessly; in the next 1-3 months, gradually buy mainstream assets.
Thank you for your attention and likes.
A shocking event occurred today. Long-time users should be aware of Jubi.com, which was a star exchange during the previous bull market but has since declined to a second-tier exchange in this round. Recently, Jubi announced plans for a platform token with a price of 0.1 in an oversubscription model. Normally, this would guarantee a profit, but the allocation is quite small. Because of this, 160 million USD rushed in to 'pick up money.' Little did they know, the platform changed the rules from the oversubscription model to a premium model. To translate, this means no refunds and all funds go to platform tokens, with this amount of funding, each platform token is worth over 20 USD.
This is a classic case of fraud or robbery. It’s unexpected that in such a poor market, the platform still targets users. Remember, those who can play on Jubi are all long-time users; it's simply too harsh. This is why I repeatedly advise against using dodgy exchanges. Honestly, Jubi was at least a first or second-tier exchange and they can do something like this; it’s easy to imagine what unknown exchanges might do. Keeping funds in major exchanges like Binance or OKEx at least ensures a higher security level for the principal. It's not worth risking for some petty gains; don’t gamble on others’ morals.
Additionally, I’d like to expose another scam that has been reported to me by fans recently. Platforms like Binance and OKEx also have people exploiting loopholes, and the biggest danger comes from the C2C market. U traders first complete a transaction with you, then add you as a friend and entice you to other platforms with promises of high returns through following their trades, which usually leads to some dodgy exchanges. Their main goal is to eat your losses, meaning they share in your losses with the platform. Someone might ask, what if I make money? Well, sorry, you won’t be able to withdraw.
Making money in the crypto space is easy, but there are many pitfalls. Currently, the market is not good, and the profit-making effect is poor. Don’t rush and be deceived by those so-called guaranteed trade followers. Think about it: if they were really making money, would they need your small amount of capital? In terms of market conditions, I still believe we are at a relatively poor bottom stage. Patience will reveal the moon after the clouds clear. At this time, it's important to protect the safety of your principal. Don’t play recklessly; in the next 1-3 months, gradually buy mainstream assets.
Thank you for your attention and likes.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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