Last year, after celebrity cryptocurrency private placement projects crazily raised hundreds of millions, they vanished without a trace, leaving countless investors with heavy losses.

Now, the same script is being played out again, but new investors are still rushing in one after another.

Celebrity endorsements can make projects instantly popular, but most celebrity cryptocurrencies are just a hype without technology or application scenarios, and their prices inevitably plummet after speculation.

The private placement phase is even more fraught with traps, as project parties promise extravagant returns while preparing to abscond with the funds.

Inexperienced investors are lured by high returns, ultimately becoming victims under the knife.

Speculation and a sense of luck in the cryptocurrency space lead to painful lessons being forgotten.

When faced with the temptation of celebrity cryptocurrency private placements, it is essential to remain clear-headed, not to easily trust celebrity endorsements, and to deeply understand the underlying logic of the projects. High returns come with high risks, and if one cannot bear the losses, it is wise to stay away. The editor suggests incorporating specific cases of cryptocurrency private placements into the article to create an in-depth report on how to avoid being taken advantage of in cryptocurrency private placements.