The cryptocurrency world has exploded again! This time it's OM Coin, which wiped out billions in wealth within 48 hours, leaving retail investors in tears!

At three in the morning, the cryptocurrency forum suddenly erupted; some said that the OM team's wallet transferred $230 million, and the address was tracked to Binance exchange! Once this news broke, panic spread immediately, and the price of OM Coin was halved within 15 minutes. Investors were frantically refreshing their phones, watching the K-line chart plummet like a roller coaster, with messages in the group shouting 'Run!' and 'It's over!' But this was just the beginning of a nightmare.

First, let’s talk about this high-yield trap. OM Coin had previously boasted about its staking annual yield reaching 800%, resulting in countless people mortgaging their properties and borrowing money to increase their positions. However, at five in the morning, the project team suddenly announced a system upgrade, shutting down the staking withdrawal channels. But upon checking the on-chain data, it was found that OM's staking pool had already been emptied; the so-called profits were just a Ponzi scheme of robbing Peter to pay Paul. A Vietnamese university student cried on a live stream, saying he borrowed $20,000, and now it was all gone.

Next, let’s discuss the great escape from exchanges. The next day, all three second-tier exchanges for OM Coin crashed, and the withdrawal buttons turned gray. The price dropped from a high of $120 to just $0.7, with a market value evaporating by 99.4%. In the whale group, internal recordings circulated, saying the project team had bought plane tickets to flee last week. Even more terrifying, hackers took advantage and launched a flash loan attack, exploiting a vulnerability in the OM smart contract to create 1 billion tokens out of thin air to dump on the market, causing a total collapse.

By the time investors rushed to OM's headquarters, the office was already empty, with documents scattered everywhere. The founder tweeted 'Love and Peace' before deactivating the account, and the Discord channel was silenced for everyone. A Chinese miner filmed his last video on the rooftop, saying he invested the 3 million savings of his entire village, and now he could only apologize with his death. This video has over ten million views, but the money that was lost will never come back.

#巨鲸动向 The cryptocurrency world has both opportunities and risks; staying vigilant and seizing the right moment is key. I also discovered a short-term project with immense potential for a surge! Want to keep up? Click on my avatar to follow me.