Beware! If acquaintances lure you into cryptocurrency trading, 90% are looking to scam you, not help you make money.
“Brother, I've made quite a bit from trading cryptocurrencies recently, let's make money together, it's a sure win!” “Relative, this MOS coin is particularly good, backed by real projects, with a monthly profit of 20%, and if you invite 3 friends, you can get cashback!”
If someone you know approaches you like this, you must be vigilant; 90% are looking to scam you, not help you make money! Mr. Wang from Guangxi was pulled into a “dimensionality reduction attack” group by a relative, where someone posts daily reports of profits from MOS coins. The group owner claims that MOS coin is a “new product of decentralized finance,” with dedicated Dapp applications, backed by “real projects,” and even shared videos of offline training sessions packed with “big shots.”
Mr. Wang tentatively bought 10,000 yuan worth of MOS coins and received a few hundred yuan in “rebates” on time, which made him completely at ease, leading him to invest an additional 100,000 yuan. But soon after, when he urgently needed money and wanted to cash out, he was prompted with “you need to recruit 3 subordinates to unlock,” and by the time he finally gathered the people, the group was banned, and he could no longer log into the MOS coin Dapp.
After the police intervened and investigated, they found that the so-called MOS coin was essentially an “air coin” created by criminals, using personal connections to recruit participants; it was essentially a pyramid scheme.
A reminder to everyone: When it comes to money matters, even if it’s someone you know, stay alert. Anything that asks you to recruit others, invest large sums, or promises guaranteed profits is a scam. Don’t be bound by family or friendship, or you will end up losing all your savings.
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