Cosmic Exchange, Yu Lingxiong does not refuse anyone
Yu Lingxiong's journey from a pyramid scheme scammer to the 'Godfather of Cryptocurrency' weaves an evil chain of deception spanning three generations over twenty years. Now, Yu Lingxiong returns with the 'Cosmic Exchange'.
Having dropped out of middle school, he joined an organization at the age of 19 and, through brainwashing rhetoric, crazily amassed tens of millions, becoming the 'Godfather' of the pyramid scheme industry. He then transformed himself into a 'Zhejiang Business Leader', charging a sky-high fee of 2 million yuan to set up a success training class, and using a false persona to siphon off hundreds of millions before being wanted. In 2018, he took advantage of the blockchain boom to issue 'Wanshang Coin' and other air coins, absconding with billions from domestic investors to Cambodia, bribing officials to masquerade as a celebrity, only to become a frequent visitor to casinos due to drug addiction and gambling.
Now returning with the 'Cosmic Exchange', he constructs a pyramid scheme trap by offering 100 coins as a registration bonus: requiring participants to recruit 30 people to unlock rewards and taking a cut of 3 coins for each downline, fabricating lies such as 'the coin price will break 200 times' and '1 billion support', and even claiming to create a market value of 20 trillion dollars (ten times the global GDP). This scam exhibits five characteristics of a Ponzi scheme—false coin prices, multi-level distribution, recruitment bonuses, lock-up mechanisms, and illegal fundraising outside the market, mirroring the tactics of collapsed scams like Auradin.
His team fabricates technology upgrade tests for 'leek density', using his wanted status to create a black-red effect, disguising transaction fees as 'lifetime earnings' to obscure the fund's destination. Reflecting on his history of scamming: in 2018, Wanshang Coin went to zero in half a year, leading investors to lose everything; success training student Mr. Wang invested 2 million to learn and ultimately lost his family, with the current plight in Cambodia further confirming the end of the scam. To identify such scams, remember: any involvement of entry fees, recruitment, and team compensation is a pyramid scheme; beware of promises of more than 10% annual returns; all related projects of Yu Lingxiong are high-risk; funds transferred to personal accounts are certainly a scam. The essence of his twenty-year scamming techniques remains unchanged; from success studies to blockchain, the ones getting harvested are always the greedy who crave shortcuts. Sharing this warning may just save a family from the disaster of losing everything.
There is no free lunch in this world; do not be greedy for small benefits.
