Here is my #ScamRiskWarning story. Year 2022, am quite new to Smart Contrac. A friend introduced me to a smart contract "ponzi-scheme" referral based investment.
We had a few live sessions on their YT channel. I invested $1500 (in BNB). You could only withdraw a certain amount per day valid for 90 days (3 months). Referrals earned you a commission . I only managed 2 refs.
Around day 65 withdrawals started delaying.
Remember someones day 1 was anothers day 50 etc. By my day 70, no withdrawals at all could take place. My friend and I went into "FBI" mode, we scoured the site and internet for information, couldn't find the owners, the YT channel went silent, the telegram channel was deleted. We had nowhere to report, nothing to do. We got back about 75% of our investment but referrals lost almost 90%.
We learnt that this was a Ponzi pyramid scheme that promises high returns on investment but operated by paying of early investors with money from new investors .
Here is how to avoid such.
#ScamRiskWarning 1) beware of too good returns #DYOR!! 2) research project and team behind it BEFORE investing 3)use reputable investment platforms .

#BTC #BNB⁩

Bitcoin ranks as the first cryptocurrency ever created, with a maximum supply of 21 million coins. #BTC......... #Cryptocurrency:

Currently, over 19.6 million bitcoins are in circulation, with the total supply reaching its cap of 21 million by 2140. #BTC、 #Supply

Bitcoin was issued on January 3, 2009, marking the beginning of a revolutionary era in decentralized finance. #BitcoinBirthday #Blockchain

Bitcoin's all-time high price soared to over $73,000, attracting global attention and sparking intense market activity. #BitcoinOurWorld #CryptoBasics

Despite its highs, Bitcoin's all-time low price stands at $0.04864... as a testament to its volatility, presenting both risks and opportunities for investors. #BitcoinATL #MarketFluctuations

Have you claimed your Ramadan red packet give away? Here is a link to the rewards. Don't forget to follow and like.
Gift

#Halving! #BNB" #Cryptocurrency:

I am seventeen dollars 💵 richer, thanks to a receipt from @Polyhedra Network airdrop.

#PolyhedraZK #zkairdrop #HotTrends #PolyhedraNetwork #Web3Investing

🚀zk

What a dip Bitcoin has taken today. All in a traders day.

#BTC #CFX

Best wishes on your trades

Bitcoin crosses the $60000 mark.

#BTC #HalvingHype #halvingbitcoin

YGG 🏃

$WLD The government of Kenya has suspended the registration of world coin in the country after a surge in numbers of seeking to join.

#Worldcoin #Binance

Do we have a case of SEC vs Binance or SEC vs Crpyto ?

#BTC #ETH #Binance

With #BTC rising above $29k can #BNB get 💸by association ?

#crypto2023 #BTC

OG has held it for 48hrs, not a dump though.

#Binance #BTC #dyor #crypto2023 #BNB

Where were you when cryptocurrency first launched in 2009? I never heard anything until ten years later. The speed of growth of crypto language and phrases has me on edge like when am watching the 📈.
#BTC #BNB #ETH #crypto2023