Recently, my social media feed is filled with promotions for a celestial exchange. The person behind this celestial exchange is named Yu Lingxiong, and his reputation as a fraudster has long been known. How come so many people are still helping him promote and support him? It can only be said that, in the face of money, morals and conscience really mean nothing.
This guy previously ran a Wanxiang Exchange, under the guise of some Wanxiang Laboratory, and created a bunch of messy coins—like Lucky Chain, Wanxiang Coin, Car Chain, Gold Coin, and Spinach Coin. He harvested billions and tricked a large number of people, then ran off to Cambodia, relying on Hun Sen and the local military for support.
Just a few years later, he pops up again with new tricks, boasting even more than before. I estimate that the money he scammed before has either been gambled away, squandered, or controlled by people over there, coming out as a puppet to continue deceiving others.
Some people are still thinking about getting his money for free, believing they can take advantage of him. Wake up! Where does free pie fall from the sky? In front of such a cunning person, can you outsmart him? Don’t be delusional. In the end, there’s an 80% to 90% chance he’ll set up a trap for you, like requiring you to recharge first to unlock withdrawals; you won’t even get your money back, and instead, you’ll fall deeper into the pit.
Moreover, KYC—submitting your ID and phone number—packages user information from hundreds of thousands to millions and sells it to fraud groups. That’s his big business. When the time comes, not only will you not make any money, but you might also end up putting yourself and those around you at risk of being targeted by scams.
I advise everyone not to touch what he’s offering. Don’t sacrifice yourself for those seemingly tempting small profits and drag those around you down with you. Trust me, run away quickly; if you must be greedy for small gains, then just wish yourself good luck.