Big news coming: Star project founder flops?
According to Deep Tide TechFlow's solid evidence, the founder of the public chain project Self Chain, Ravindra Kumar, is accused of running a $50 million "crypto pig butchering" scheme, using fake token trading to scam investors.
The person involved quickly jumped on Twitter: "Purely rumors! Lawyer's letter coming!" (Classic triple denial, those who understand will understand)
It gets even more surreal: OTC boss crying for help
Mohammed Waseem, CEO of the well-known Indian OTC trading company Aza Ventures, admitted that "We are just an intermediary! We had no idea that the token trading for major projects like Sui, Near, and Axelar was a scam!"
This guy is now overwhelmed: personal savings completely depleted, crying to find Indian police to report the case, while claiming to refund the victims (but where will the money come from? That's a mystery for now...)
Brother Qiu's spicy comment: What does this have to do with us retail investors?
Locked tokens have become a disaster area: Scammers specifically target the 'locked tokens' of star projects like Sui and Near (because it's hard to verify their authenticity), and OTC trading has become a money laundering channel!
OTC Trading Risks Surge: Even long-standing intermediaries like Aza can flop, so be very cautious when looking for third parties to buy coins! (Brother Qiu's advice: Test with small amounts, check the wallet 10 times before transferring!)
Project background checks need to be tougher: The 'founder explosion' plot like Self Chain reminds us to thoroughly investigate the founder's background before investing
Cut Loss Guide: Brother Qiu sends you three safety locks
Don't touch locked tokens: Unless released through official project channels, privately transferred locked tokens ≈ time bombs!
OTC Trading Three Checks: Check intermediary's license + Check the other party's wallet history + Test small transactions
New Project Avoidance Mantra: White paper overly hyped? No real people on the team? Twitter full of bots? If two out of three, run immediately!
Future outlook: An opportunity for bad things to turn into good?
This time, the Indian police directly labeled it a "Ponzi scheme," which may accelerate the cleanup of black intermediaries in various countries
Exchanges upgraded the risk control system for locked tokens overnight
Retail Investor Awakening: Learn the three-piece set of checking intermediaries, verifying projects, and refusing locked tokens, and the scammers will starve to death soon!
This gossip has me slapping my thigh! But let's not just watch the drama—Can Waseem really refund? Will Kumar end up eating curry in jail? Brother Qiu will keep a close eye on the follow-up!
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$BTC