I just turned 18 this year, and I’m very happy that I can go to entertainment venues that I couldn’t go to before. I made an appointment with my friends on May Day, and the sky really fell...

This is a sad thing. It is also the last time I believe that web3 will have a future, because there are too many people who use web3 to cut leeks. There are 10 pitfalls in 10 projects. The key is that you can only accept this kind of scam. I saved more than 30,000 yuan in mid-April and planned to have a good gathering with my classmates on May Day. Just last night, on April 30, I was defrauded of everything by the usdt brick-moving project promoted by a big brother I trusted the most...

This is a scam project that serves the gambling platform under the guise of USDT arbitrage. It means charging USDT to this platform, and then arbitrage, and you will get 2% to 3% profit for each order. At that time, I calculated that if I used 3,000U to carry out 12 orders a day (up to 12 orders), I could earn more than 200,000 in a month. I was tempted by the money. It was also a project recommended by the most trusted big brother, so I charged 4,300U into it at 9 pm on April 30th, and I couldn’t get in at 12 am on May 1st. I asked the recommender, and he said he ran away. I didn’t get angry at the time. I thought he was joking with me, but it turned out that he didn’t run away, but a big serial routine...

There is no way. In this situation, the money has to be withdrawn. I can only ask the recommender if I can get some compensation. But I just found out today that the richer people are, the more stingy they are. Finally, I found out that the recommender only recharged 10u himself to do some hard work, and asked me to recharge a large amount to earn rewards from superiors and subordinates. After I persuaded him, he transferred 1,000 yuan to me. Yes, 1,000 yuan is not 1,000 US dollars. He lost 1,000 yuan and still blamed me, blaming me for going all in. What do I know? I have followed him for so long, I only know to follow the right people and do the right things. I don’t need to know too much, just go all in. That’s why I went all in.

I remember that he borrowed 170u from me two days ago when he was mining on the ceex exchange. I gave it to him without saying anything. Today, such a big thing happened, and he treated me like this. He also said that the contract was liquidated by 180,000. I don’t understand. Your contract was liquidated, not me. You got the short position of 84,000 on the big cake and it was liquidated. You are not strong enough. Why do you say this? After arguing with him for a while, he seemed very angry and asked me to return 1,000 yuan to him. At that moment, I really couldn’t hold it anymore. I cried at home for two hours. I don’t understand why, why I cheated me every time, and I trusted him again and again! He can really say such things!

Looking back, at this time last year, I followed this big brother to do projects, various web3 funds, offline business with parents, and invested all the money I saved with great effort. In the end, he ran away. Later, I learned to play contracts with him. I didn’t know anything at the beginning. Maybe it was a coincidence. I made 150u very quickly with 100u. I was very happy and continued to do it. As a result, I made a wrong order. I thought I should be able to make it back after a while. I didn’t understand what a margin call was. I woke up after a sleep and found that my money was back to zero. Then I realized there was such a thing as a margin call. But because I doubled my capital by half in a short time, I got addicted. I borrowed a lot of money from classmates, friends, and family. Every time I was excited, I ended up getting liquidated. Until now, this year, I calculated that it was about 150,000 RMB. If I didn’t touch those capital plates and didn’t touch the contracts blindly, this money would be enough for me to spend for 2 years. I usually lived frugally, and I couldn’t afford to buy my favorite musical instruments or food with the money I saved. I just bought u, and then I delusionally thought that I could make back the money next time, but I got deeper and deeper into trouble...

​I sincerely advise you all not to touch web3 projects. You never know when the project owner will run away. What kind of decentralized projects are there? Without the project owner, where does the decentralization come from? They are all scams. Of course, you must also be cautious with contracts. Don't use high leverage, let alone heavy positions. Don't do what you don't understand. If you make a mistake, don't resist, even if you have to stop profit or stop loss.

On the 30th, I was happily playing with contracts. The resistance and support levels were very effective, and I made some pocket money. But that scam project caused me to lose everything now....