Post-00s dog dealers play abstraction, today's news made me laugh😂

On June 6, a post-00s college student named Yang Qichao issued a coin called #BFF on a foreign public chain, without any disguise, and made a lot of money!

While this coin added liquidity, a certain Luo exchanged 50,000 BSC-USD for 85,316.72 BFF. But just 24 seconds later, Yang Qichao withdrew the liquidity of BFF and obtained 353,488.115 BSC-USD and 508,069.878 BFF.

What was the result? Luo only exchanged 21.6 BSC-USD with 81,043 BFF😂😂

According to Yang Qichao himself, I just got back the points that my big brother cut off from me, and I was cut a lot. . .

On February 20, 2024, the court found Yang Qichao guilty of fraud at first instance and sentenced him to 4 years and 6 months in prison and a fine of 30,000 yuan.

According to relevant lawyers, since my country's laws and policies have not yet recognized the legality of virtual currency and stipulate that "investment in virtual currency is at your own risk", this case of being prosecuted as a criminal case for withdrawing liquidity after issuing virtual currency is the first in China.

When will the cycle of revenge end! How can the currency circle be called a scam? 🤣