The Collapse of Origin: 370,000 People Left Empty-Handed, $2 Billion Vanished in a Shocking Scam
On June 22, 2025, the cryptocurrency world was shaken by a piece of dreadful news—the once-promising Origin project collapsed, instantly pushing 370,000 investors into a deadlock, with $2 billion in funds dissipating like foam. This wealth scam, lasting 382 days, ultimately tore apart the hypocritical facade under the pretext of "system upgrade".
When the withdrawal function was permanently closed, the countdown of 179 days, 23 hours, and 59 minutes on the interface felt like the mockery of death. However, this disaster had long been foreseen. Back in March of this year, when Origin's locked amount surpassed the $2 billion mark, abnormal signs began to emerge: within just 72 hours, the top 50 wallet addresses crazily withdrew $230 million, and the core address 0x9c3... transferred $18 million USDT to a shell exchange in the Bahamas through 47 transactions. The so-called "1:1 USDT reserve fund pool" was, in fact, a black hole that continuously siphoned funds, where new money was merely used to fill old holes.
In-depth investigations by the tech community uncovered a darker truth: among the 137 smart contracts of Origin, 82 were directly plagiarized from the notorious PlusToken scam of 2019.
In terms of marketing packaging, Origin can be considered a textbook case of fraud. The so-called "global event" in Dubai had fewer than 30 actual attendees, with the rest being temporary actors paid 420 yuan per day; the cooperation documents with SWIFT Bank were purely PS forgeries; the big screen advertisement in Times Square, New York, was merely a temporary display costing a few hundred dollars, yet it was bragged about as a symbol of recognition by NASDAQ. These meticulously designed illusions successfully lured countless people into the game.
Even more lamentable is the frenzy of the investors. Even after the complete lockdown of withdrawals, 43% of VIP group members were actively recruiting others. The rhetoric of "If you bring in two more people, you can unlock withdrawals" became a fatal spell, leading them to drag their friends and family into the abyss.
The downfall of Origin is just the tip of the iceberg in the world of financial schemes. Always remember: if an investment project promises guaranteed profits and daily riches, it is most likely a meticulously designed scam. Staying rational and away from temptation is the only rule to safeguard wealth.
