🚨【AI Scam Alert】 Elon Musk is the target of fraudsters!

🤯 At the Bitcoin Conference held last week, some interesting situations occurred! Several fraud cases were spread on social platforms through fake videos made by AI, and the most eye-catching one was the AI ​​fake video based on Elon Musk. These videos use artificial intelligence technology to make them almost indistinguishable from real people, showing the potential dangers of AI technology.

👀 The content of the fraud video is as follows: Musk claims in the video that if the audience sends Bitcoin to an address he provides, he will return double the Bitcoin. Although, this is a very common fraud method. But for rational investors, this promise is 99% a scam. However, even so, some people still fell for it, and the total loss of the fraud reached $79,000.

🧐Although the loss of $79,000 is not a very large number, this incident also reflects that even with such low-level deception methods, there are still people who fall for it. If the scammers are more sophisticated, the possible losses will be immeasurable.

⚠️ Therefore, here is another reminder that if you see tempting information on any online platform that claims to easily get high returns, you must think twice before acting. Think about why such a good thing will happen to you?

🍎 Remember, there is no free lunch in the world. If you are driven by inappropriate greed, then the possibility of being deceived will be greatly increased.

🛡️ When investing, it is very important to learn how to protect yourself. In the field of cryptocurrency and other investments, vigilance, critical thinking and understanding of market dynamics are the keys to avoid becoming a victim of fraud.

💬 Let's talk about it. Have you encountered similar scams? Or is there any trick to avoid being deceived? Share your story, let us be vigilant together and protect our wallets!

#AI诈骗 #比特币大会 #投资安全

🚨Liquidation alert: Be cautious when trading with leverage! 🚨
 
According to the liquidation heat map data provided by Coinglass, we can see the violent fluctuations in market dynamics. 📉 In the past 24 hours, $239 million of positions were liquidated in the market storm!
 
Looking back at last week's data, the bulls suffered huge losses in leveraged positions; however, the situation changed today. In the past hour, short positions became the main force of liquidation.
 
A wake-up call to all trading friends🛎️, market participants need to remain extremely vigilant, especially when trading with leverage. Remember, leveraged trading can magnify gains, but it can also magnify losses. If you are also a trading enthusiast, remember that leverage is a double-edged sword. Once you have liquidated, you can never come back. 😨
 
Imagine this scene: After trading sideways for several months, Bitcoin suddenly breaks through resistance like a rocket, and the price soars to a jaw-dropping height. But if you have already left the market due to a margin call, then no matter how high the price of Bitcoin rises, it will only be a feast for others. 🌕
 
So, friends, be calm when investing and think twice about leverage. Safety first, protect your wallet and assets, and restrain the irrational behavior of frequent position changes and greedy leverage. Take steady steps and make yourself rich slowly! 💼🔒

#爆仓警报 #杠杆交易风险 #加密货币市场
#投资安全

🌍Australian ASIC cracks down on crypto scams: 600 criminal cases solved in one year, AI technology has become an accomplice of cryptocurrency scams!

😱 The Australian Securities and Investments Commission (ASIC) recently released some amazing figures, and they closed more than 600 cryptocurrency scams in the past year

🚫 According to reports, Australians lost billions of Australian dollars to scams in 2023. And, as technology advances, scammers are also using AI technology to improve their scams, which is really scary. 🤖

🗣️ASIC Deputy Chairman Sarah Court said that investment scams are the most common type of fraud for Australians, with losses of $1.3 billion in 2023. Since July 2023, ASIC has coordinated the removal of more than 5,530 fake websites and 1,065 phishing scam hyperlinks and 615 cryptocurrency investment plans.

🤷‍♂️ What is particularly worrying is that there are a lot of fake news and deep fake videos on the market now, and scammers use the credibility of public figures to lure victims. For example, there is a website called "Quantum AI" that uses fake celebrity endorsements to attract consumers and promises high returns, causing further harm to investors.

💰 But the good news is that the cooperation between ASIC and the National Anti-Fraud Center (NASC) has helped reduce overall losses. They shut down an average of 20 investment scam websites every day, which is also an important step in stopping scammers.

👇 In your opinion, how can you better protect yourself from these scams? Do you have any good suggestions or personal experiences to share? Discuss in the comments section!

#ASIC行动 #加密货币骗局 #投资安全 #澳大利亚金融监管

🚀 BlackRock surpasses Grayscale to become the world's largest cryptocurrency ETF fund holder!

BlackRock's holdings in the cryptocurrency market have officially surpassed Grayscale, becoming the world's largest cryptocurrency ETF fund holder.

As of the latest data, BlackRock's Bitcoin Spot ETF (IBID) and Ethereum Spot ETF (ETHA) have a total holding of US$21.217 billion, while Grayscale's total holdings are US$21.202 billion, slightly higher than Grayscale.

BlackRock's financial strength and global influence are well known, so it is not surprising that it has become the largest cryptocurrency ETF fund holder.

It is worth noting that BlackRock has not been in the cryptocurrency market for a long time. It took less than a year to surpass Grayscale, which has been deeply involved in this field for more than ten years.

It is expected that in the future, the participation of BlackRock and other large institutions will make the competition in the cryptocurrency market more intense, and the position gap may further widen.

However, as retail investors, we need to be aware that the involvement of large institutions may also bring the risk of market manipulation. At that time, malicious dumping or pulling may become more frequent!

In such a market environment, investors should adopt a cautious strategy. It is recommended to adopt a DCA (Dollar-Cost Averaging) strategy, that is, buy at a relatively low level, sell at a relatively high level, and operate spot bands to increase the chance of winning.

On the contrary, if retail investors choose to trade contracts, buy options or other high-risk leveraged transactions, you will face great risks, which may eventually lead to serious losses of assets.

💬 What do you think of BlackRock becoming the largest cryptocurrency holder? Do you think this is an opportunity or a challenge for retail investors? In cryptocurrency investment, which strategy do you prefer? Welcome to share your views and experiences in the comment area!

#贝莱德 #Grayscale #加密货币 #DCA策略 #投资安全

🚨Nigeria Cracks Down on Cryptocurrency Scams, 792 Suspects Arrested

The Economic and Financial Crimes Commission (EFCC) of Nigeria recently apprehended 792 suspects allegedly involved in a massive cryptocurrency romance and investment scam. The suspects include 148 Chinese nationals, 40 Filipinos, and several other foreign con artists.

The operation took place in a luxury building called Big Leaf on Victoria Island, which intelligence reports indicate is also a hub for global scam activities. This group of scammers is organized and disciplined, collaborating with foreign agents and locals to carry out romance and investment schemes.

These scammers from Nigeria, particularly female scammers, are skilled in computer operations. They underwent at least two weeks of specialized training to disguise themselves as foreign women, engaging in romantic conversations with victims to lure them into investing in a fake cryptocurrency platform named Yooto[.]com. The platform initially charges a $35 activation fee and promises high returns to investors.

The scammers create fake accounts on platforms like WhatsApp, Instagram, and Telegram to entice their targets. Once trust is established, the Nigerian scammers hand over the conversation to their foreign accomplices, who then execute the scam.

Authorities also discovered over 500 SIM cards and high-end computers during the raid, all used to maintain anonymity, primarily targeting victims in North America and Europe. The scammers receive cash payments without any documentation, making it extremely difficult to trace the masterminds behind the operation.

Currently, the EFCC (Economic and Financial Crimes Commission of Nigeria) is collaborating with international partners to uncover the full extent of this scam operation and its associated cybercrime organizations.

Cryptocurrency scams are on the rise globally, and efforts to combat them are increasing. Australia, South Korea, Hong Kong, and other regions are also conducting law enforcement actions, dismantling a series of large-scale cross-border scams. This serves as a reminder that when investing, one should not be blinded by online romance and must be cautious of investment plans that promise high returns.

💬 Have you ever encountered a similar scam? Share your story in the comments to warn others to be cautious of such fraud.