币商回忆录

Physical Return U Scam Explanation

This refers to operations such as running U, joining groups, registration fees, first U then money, etc., where you send your address to the other party and let them open their wallet to transfer money.
The other party opens their wallet to transfer, pastes your address, and then the scammer has them paste something generated by the system into the notes for order verification. A novice enters their password and authorizes it.
The usual reason given is to test 1 U, or to have the other party transfer 0 miner fees for verification, with a note of the order number (which is actually the authorization data generated in the background). The other party enters their password and authorizes it.
80% of the fish caught from ERC/OKC/BSC chains are big fish.
The scenario usually involves double betting projects on planes, collecting phones to profit from price differences.
You provide the delivery address to the supplier, and they will place orders on e-commerce platforms or in phone stores. The merchant sends the phone to you, and of course, this money is definitely dirty money.
You receive the product at a price 20-30% lower than normal, for example, for a phone worth 10,000 yuan, you can return 7,000 worth of U after receiving it, and then sell the phone yourself for the price difference as profit.
This is a definite laundering... a hand in the dark.
In such cases, if the merchant reports the frozen card to the police, they will be apprehended at the delivery station when picking up the goods, usually around half a month later, so absolutely do not engage in such activities.

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Wallet Mnemonic Phrase, Contract Authorization U Theft Scams
These scams are some tricks that beginners can easily fall for, some can leave you bankrupt, some are harmless, and some can land you in prison.
You really need to remember, no one will teach you how to make money unless they want to make money off you. Today, Uncle Liu will share these scammers' little tricks with retail investors, don't fantasize about picking up what fell from the sky.

U Theft Industry Chain - Cold Wallet Mnemonic Phrase Scam:

Many popular articles or videos have comments below saying: "I'm not playing anymore, there's over 600 U to give to a fated person," along with a screenshot of a mnemonic phrase.
This is considered a classic old scam, which utilizes the multi-signature authorization of the TRON network to trick you into paying your transfer fees (GAS fees), or what can also be referred to as TRX energy.
Any blockchain wallet, after we input the mnemonic phrase, can be logged into by anyone; you can see the balance, but when you want to transfer USDT, it will prompt that TRX energy is insufficient, meaning there is no fee. At this point, some wise guy will want you to transfer this fee, for example, to transfer in 30 energy.
After you transfer in, it will be immediately taken away, and at this point, you'll know that this is a scam to steal your fees.

I just transferred one U out to test the address, how come all my U in the wallet is gone?
Many friends are still unaware of this scam; common scenarios occur in off-exchange cash transactions, moving U, and fake wallet links.
Authorized U Theft, this involves a common operation in cryptocurrency wallets called authorization. Authorization means the same as the automatic deduction method of your bank card; digital currency wallets are the same, which is to grant the asset management rights of your digital currency wallet to a certain account, allowing that account to transfer all assets from your account.
Most scammers recruit promoters to promote fake wallet QR codes and links in various groups, you then teach those beginners how to register wallets, and then screenshot the address for reporting. When you find that the beginner's wallet has assets, you contact the scammer to log into the backend and 'kill the fish'.
#骗局 #比特币 #BNBChainMeme热潮

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What should you do if you've made a lot of money in the crypto world?
There is another protagonist named Wang, my partner in an offline physical store. He gambled on altcoins and made 20 million. After my constant persuasion, he finally decided to cash out and stop playing, as 20 million would allow him to live comfortably in Chongqing for the rest of his life.
I told him to sell slowly, but he said he didn't feel anything. He listened to those online influencers talking about cashing out, and now his bank card is frozen, the money he earned has been deducted, and he is still stuck working hard. I still have to send him 500 yuan every month for living expenses.
This is how ordinary people behave in the crypto world. All my friends around me have made money, and I haven’t even mentioned those who have lost money.
In the crypto world, if you make money, you need to learn to cash out safely. Money that is safely in your bank account is real money; everything else is just numbers.
If you really make money in this circle, what should you do?
You should take what you want and leave. Never mistake luck for skill, and don’t enter this place again; this is your only chance to survive.
The premise is to cash out safely. Don't invest or purchase fixed assets; steadily keep your money in a five-year fixed deposit. During these five years, you should take the time to reflect on your life and whether your abilities can really manage your wealth.
Of course, the money I’m talking about is safe funds, not the funds you casually cash out through OTC, as that money is not yours.
I have seen too many cases where people lost everything overnight after securing their wealth on paper.

I am your friend, wishing you all the best. $BNB

If you have made a lot of money in the crypto world, what should you do?

To be honest, I've been in this industry for three years and have seen many tales of sudden wealth, but most of them involve living beyond their means or failing to preserve their wealth.

Today, there is a question: How are your friends who have been in the crypto space for three years doing?

I will write the following answer:

In fact, what everyone sees is a survivor bias. Let me show you some real cases. Over the three years, we count from 2020 until the end of 2023, the friends around me are true acquaintances, not just people I've heard about online. We experienced the bottom-fishing on March 12 and the crash on May 19 together. Mr. Luo, who used to be a waiter in a hot pot restaurant, made over 30 million cash before 2019 when the market opened. He bought at least ten houses in a small county, purchased three Cayennes, and owned several commercial properties in downtown Chongqing, a true winner in life, able to live comfortably wherever he goes. He used to call me 'big brother,' but after getting rich, he started calling me 'brother.' As a result, he wanted to hit a small target. He started a company and invested in FIL, Kia, BZZ, and other mining machines. Suddenly one day, he felt like the money was gone, borrowing everywhere. Due to his numerous assets, lenders were willing to lend him substantial amounts. One day he contacted me to ask for a loan, and he reverted back to calling me 'big brother.' He asked me to help him, wanting to become an OTC currency trader and requested some traffic from me. So I provided him with some resources, and after his repeated thanks, promised me a water dispenser when I decorated my new house. It's been six months since I moved into my new house, and I couldn't wait any longer and bought a water dispenser for 299 yuan. Mr. Luo, as an OTC trader, financed a BMW 5 Series with zero down payment, hired a driver, and brought three younger brothers, feeling like he was going to make a billion. As far as I know, the salaries of the younger brothers have yet to be paid. Why haven't they been paid? Because the younger brother was sentenced to four years, and Mr. Luo was sentenced to five years. $BTC
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