$HMSTR
#HMSTR SCAM ALERT !!
‼️HMSTR Token Market Maker Detained in Portugal

Gotbit CEO Alexey Andryunin has been arrested in Portugal at the request of the FBI and is awaiting extradition to the U.S.

🐹 It’s known that Gotbit Hedge Fund partnered with Hamster Kombat and was supposed to act as the market maker for the HMSTR token (🔽possibly causing the token to drop by -11% yesterday in light of these news).

The U.S. has charged three companies and 15 individuals with cryptocurrency fraud. Gotbit, ZM Quant, and CLS Global, along with their leaders and employees, were among the accused.

The charges have led to four arrests, five plea agreements, and the seizure of over $25 million in cryptocurrency.

I’m sure 99% of people didn’t read the Reuters article, so here’s a brief summary:

🔴 As part of the investigation, the FBI created its own token, NexFundAI, on the Ethereum blockchain and reached out to various market makers (MMs) to use their services.

🔴 On calls and in private messages with the undercover project, MM employees shared their algorithms for inflating volumes, creating multiple addresses for organic token distribution, and other techniques.

🔴The FBI interpreted all MM services as "wash trading," "fake transactions" "market manipulation" and "artificially inflating trade volume" leading to charges that could result in up to 20 years in prison for the young individuals involved. 🤯

$HMSTR

Hamster Kombat launched after Notcoin's success, but its team underestimated its user growth. As users increased, so did their greed, exploiting users for profit. When users sought payback, they were discarded. Only YouTubers benefited. Today, Hamster Kombat's market cap and token price have halved due to prioritizing self-interest and select YouTubers over the general public.

#BLUM

"Currently, there's a lot of buzz about the Blum project in the market, but details about token generation, conversion rates, and listing remain unclear. It seems they're focusing on expanding their user base, similar to other projects. Concerns arise that this might end up being another scam targeting ordinary people, benefiting only YouTubers who promote it with misleading information."
"Blum project's token generation, conversion rates, and listing remain unknown. Fears rise it may scam ordinary people, benefiting only promotional YouTubers."

#ton_blockchain

"Most projects on the Ton network lack potential and are struggling to sustain themselves in the market. I doubt any of them have what it takes to succeed. Only time will tell what the future holds for these projects. What do you think?"

"Current Ton network projects lack potential and are struggling to survive. I'm skeptical about their success. Only God knows what's in store for them. What are your thoughts?"

"This is a harsh reality that many are failing to acknowledge today."

Many projects are running on free airdrops nowadays, but most of them are scamming people with fake transactions, and the rewards are not being given. I think Telegram's owner should ban these scams as they're cheating the public. People are blindly falling for these scams. France's government did the right thing by taking action against Pavel Durov. If they don't stop these scam projects, their downfall is near."