On June 22, 2025, the cryptocurrency circle was shocked by a piece of bad news - the once infinitely beautiful Origin Aola Ding project collapsed suddenly, instantly pushing 370,000 investors into a lock-up trap, and 2 billion US dollars of funds disappeared like bubbles. This 382-day wealth scam finally completely tore off the hypocritical mask under the pretext of "system upgrade".
When the withdrawal function was permanently closed, the countdown of 179 days, 23 hours, and 59 minutes jumping on the interface was like the ridicule of death. However, this disaster was foreshadowed. Tracing back to March this year, when Aola Ding's lock-up volume exceeded the 2 billion US dollar mark, abnormal signs had already appeared: within just 72 hours, the top 50 wallet addresses transferred out 230 million US dollars crazily, and the core address 0x9c3... transferred 18 million USDT to the Bahamas shell exchange through 47 transactions. The so-called "1:1 bottom USDT" reserve pool is actually a black hole that continuously draws water, and the injection of new funds is just to fill the old holes.
The in-depth investigation by the technical community revealed a darker truth: of the 137 smart contracts of Aola Ding, 82 were directly copied from the notorious PlusToken scam in 2019. The remaining contracts hide multiple traps such as multi-signature forgery, backdoor addresses, and revenue manipulation. The so-called "three-times block burst algorithm" is just a fig leaf to maintain the Ponzi scheme. As the inflow of funds decreases, the rate of return has plummeted from 1.2% to 0.3%, but there are still a large number of investors trapped in it.
In terms of marketing packaging, Aola Ding is a textbook for fraud. The Dubai press conference, which was called a "global event", actually had less than 30 people present, and the rest were temporary actors with a daily salary of 420 yuan; the cooperation document with SWIFT Bank was purely a PS forgery; the large-screen advertisement in Times Square in New York was just a temporary projection of several hundred dollars, but it was touted as a symbol of being recognized by Nasdaq. These carefully designed illusions successfully lured countless people into the game.
What is even more regrettable is the frenzy of investors. Even after the withdrawal was completely blocked, 43% of the VIP group members were still actively recruiting people to join. The rhetoric of "Recruiting two more people can unlock the withdrawal" has become a fatal talisman, making them drag their relatives and friends into the abyss at all costs.
Reviewing this scam, Aola Ding perfectly interprets the five typical characteristics of Ponzi schemes: unreasonably high rate of return, mandatory lock-up to create a sense of urgency, false authority endorsement, technical terms to cover loopholes, and pyramid-style recruitment of people to return commissions. The evaporation of 2 billion US dollars and the despair of 370,000 families are not accidental accidents, but a carefully designed harvesting plan from the beginning.
The collapse of Aola Ding is just the tip of the iceberg in the world of Ponzi schemes. On the road to pursuing wealth, please always remember: If an investment project promises to make a steady profit without loss and earn a lot of money every day, then it is likely to be a carefully designed scam. Staying rational and staying away from temptations is the only way to protect your wealth.
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