Jack met Tom in the telegram channel. Tom claimed that there was a good investment opportunity with a daily return of 30%. The investment form was crypto withdrawal to a designated address and the money was returned to a bank account.

Jack initially invested in two transactions and was able to get a portion of the profit (but not the promised 30%). When Jack invested the third large amount of money, the scammers began to refuse to return the money for various reasons such as security fees and taxes, and asked Jack to make additional investments. Jack realized that he had been scammed at this time.

In the Crypto industry, protecting your own funds is more important than making profits, and the first step to protecting your own funds is not to trust strangers easily.