Brought into the contract platform by EU and Binance merchants, I questioned my life after suffering losses

This is a story shared with me last week by a fan, and after reading it, I asked him to organize it and send it to me, hoping that sharing it can help more people avoid pitfalls.

—— Below are his original words:

"Brother, I am an old fan who has been in your group since last year. Today I muster the courage to talk about the big pit I recently fell into, please be sure to post it.

I added a merchant on TG who said he was selling U at a low price, and the quote was indeed dozens cheaper than OTC. I tried a few orders, and everything went smoothly.

Later, he suddenly asked me if I wanted to engage in arbitrage, saying there was an 'internal market' where one could buy low and sell high on a third-party exchange, making guaranteed profits from fluctuations. He sent me profit screenshots and a video showing withdrawals arriving, so I was tempted.

He led me to a platform I had never heard of before; the interface looked quite professional, and it even claimed to have a 'license'.

I invested 10,000 U into it, following his trades. The first couple of days I did make money, and I even withdrew 500 U successfully, which made me think it was really reliable.

However, on the third day, he urged me to increase my position size, saying it would be a pity not to seize the market opportunity.

In a moment of impulse, I placed a few more orders, but ended up losing on every single one. The slippage was severe, and the stop-loss points were rendered completely ineffective, watching helplessly as my account was liquidated, ending with a zero balance.

I sought help from customer service, and the response was, "Market volatility risk is your own responsibility."

It dawned on me: this was not trading at all; it was a pre-designed trap! As soon as you get liquidated, the platform directly takes all your funds.

What’s even more outrageous is that I never operated any trades myself; everything was done remotely by him, and I didn't even know the leverage or direction of the trades.

This completely awakened me:

1. U should not be bought recklessly; unofficial channels have too many pitfalls;

2. Platforms that you have never heard of should not be touched at all;

3. Letting others operate contracts on your behalf is basically just giving away money.

I consider the 10,000 U as my tuition fee; I accept it. I hope you share this so that no one else ends up like me."

If you have encountered such scams, leave a comment to discuss and remind more people.

In the crypto world, it’s not the losses that scare me, but the confusion.

Follow me; we won’t take shortcuts, but will follow the right path.