In the cryptocurrency and various investment markets, scams and risks are always lurking. Especially with seemingly enticing projects, there may be traps behind them that could lead to total loss. Today, I will review 35 projects that have already collapsed or are about to collapse; whether you have been involved or not, it is advisable to take a serious look and not let your hard-earned money go to waste!
One, Typical Scam Models
Dividend Staking Types
Such projects often use high dividends and staking rewards to attract investors through benefits and recruitment, but in essence, they are Ponzi schemes that rob Peter to pay Paul.
◦ Nexa Pay: Having developed to a scale of 3 million members, it crazily recruits people by giving away cars and gold; it is now on the brink of collapse, and any further investment is like throwing meat buns to dogs.
◦ Ju Heng Securities: Using the guise of stock investment, it has already collapsed; it is said that they are now preparing for a second harvest, so everyone must be vigilant.
◦ Starry Luxury Exchange: Using luxury goods as a gimmick, it has set up a 10-level pyramid scheme, which essentially means making money by recruiting more people, and its APP has very low costs, making it likely to abscond with funds at any time.
Exchanges
Many people believe that following a 'teacher' for trading or trading in so-called exchanges is more reliable, but these projects often hide tricks.
◦ HKEX Yu Zhi Finance: With 90,000 members, those copy-trading teachers intentionally lure everyone to increase their investments, and when everyone has invested enough, the trader secretly absconds, leaving behind a bunch of trapped investors.
◦ Blue Exchange: The so-called copy-trading model is completely fake; they have already absconded with funds, and investors cannot find anyone to seek their rights.
◦ Jiayue International Futures / Pan Zhi Capital: The bubble of this type of copy-trading platform has become frighteningly large, with extreme risks of collapse at any time; do not touch it.
Pyramid Schemes and Mutual Assistance Types
Such projects rely on the pretext of 'mutual assistance' to let everyone recruit others to profit, which is essentially a pyramid scheme.
◦ Chao Yin Generation / Future Certain Qi: A typical grab-and-help scheme; the projects associated with them have already collapsed, and these two won't last long either.
◦ Starlight Films: Engaging in an 'oil in, oil out' model, which essentially means there are no profits without recruiting others, and accounts could even be banned; it's completely unreasonable.
◦ Ai Xing He: Claiming daily returns of 1%-2%, it sounds very tempting, but the company has now disappeared and has been exposed by 1818 Golden Eyes; it's definitely a scam.
Two, Warning for Fake Projects
These projects are best at 'riding on the coattails' of reputable institutions or influential names to commit fraud, making it hard to guard against.
・Fake Blackstone: Forging various qualifications, claiming monthly returns of 65%-90%; this return is absurdly high, and anyone with common sense can see it's fake.
・Fake Qiming Venture Capital APP: Using the name of the legitimate Qiming Venture Capital, in reality, they do not have an official APP, don't be fooled by the name.
・Zhitian Group APP: Defrauding under the pretext of restarting a previous pyramid scheme, having already scammed many people before, now they are back with the same tactics to steal money.
・People's Assets / Guangdong-Hong Kong-Macao Greater Bay Area APP: Daring to impersonate the state to commit fraud is audacious; in such cases, it is best to report them directly.
Three, Virtual Currency Scams
The virtual currency market is a mixed bag, with many worthless coins and scam coins emerging one after another.
・GOT Coin: Claiming to be backed by gold with daily interest rates of 0.46%-1.9%, it is actually a worthless coin with no value, purely relying on speculation to defraud money.
・cpchain: Under the guise of environmental protection, it is actually a worthless coin with no practical application scenarios; buying it means waiting to be scammed.
・313 Exchange: A typical virtual currency scam exchange; trading here is like a sheep entering a tiger's mouth, with no guarantee of fund safety.
Four, Warning of Collapse Projects
Some projects have already shown signs of impending collapse, such as withdrawal difficulties, rule changes, and company disappearance; everyone should stay away. Projects like Loxam Hk (leasing scheme), Hailiyu (refusal to withdraw), Future Star Chain (price plummeting), Tavilala Asia (Yue Bit Gang), Central Ring New Energy CHG, Baimao Supermarket (consumption rebate scheme), among over 20 projects, have all shown their true colors, so stop holding any illusions.
On the investment path, safety is always the priority. No matter how fancy these projects are packaged, they are essentially trying to empty your wallet. When encountering high returns, recruitment, or projects with impressive names but no verifiable information, be cautious; it's better to miss out than to make a mistake. If someone around you is still involved with these projects, don't forget to remind them to stop!