Newcomers in the crypto world, beware of anyone claiming to help you make easy money⚠️ Fans have fallen victim again to unscrupulous trading teachers‼️
A fan contacted me yesterday saying they were led to a so-called 'Kangbi Wild Chicken Exchange', where the trading teacher deliberately used high leverage and large positions to cause them to be liquidated. In fact, exchanges like this have no counterparty, and all your losses from liquidation go straight into the exchange and this trading teacher's pockets💰
I've mentioned these types of U-commerce scams many times. Many U-commerce platforms even sell U at a lower price than they buy it, mainly to carry out such fraudulent activities. There are many more exchanges like this, and the basic tactic is that you go to buy U, see a low-priced U merchant, and then the merchant says to add them as a friend. After adding, they start asking you how your trading is going, whether you've made or lost money, chatting with you about life, and occasionally sending you screenshots of their huge profits on this exchange, telling you they have great skills and will help you make money if you deposit into this exchange.
Once you deposit, they intentionally lead you to high leverage and large positions without stop-losses, causing you to be liquidated. After the liquidation, they split your losses with the Wild Chicken Exchange☝️☝️
In short, anyone who leads you into any exchange other than the major exchanges like Binance is a scammer. Additionally, those who do not have a public analysis of the market like Chief, who has published articles predicting market trends with verifiable results from past years, are also mostly scammers when they show profit charts claiming they will help you make money☝️☝️ During a bull market, everyone goes a bit crazy, and so do the scammers, but protecting your wallet is more important‼️$BTC