Crypto newcomers should be wary of anyone claiming to help you make easy money ⚠️ Fans have fallen victim to unscrupulous signal teachers' scams‼️
A fan contacted me yesterday saying they were led to a trading platform called Kangbi, and then the signal teacher intentionally made them use high leverage in a large position to force a liquidation. In fact, these types of exchanges have no counterparty, and all your losses from liquidation go straight into the pockets of the exchange and the signal teacher 💰
I've mentioned this type of USDT scam many times. Many USDT sellers even sell at a price lower than they buy, primarily to carry out these scams. There are many such exchanges, and the basic tactic is that you go to buy USDT, see a low-priced seller, and then the seller asks you to add them as a friend. After adding, they start asking about your recent trades, whether you made or lost money, chatting with you about life, and occasionally sending you huge profit screenshots from the exchange, telling you their skills are great and that they will help you make money if you deposit into this exchange.
Once you deposit, they deliberately guide you to high leverage and large positions without stop-loss, leading to your liquidation. After liquidation, they split the losses with the shady exchange ☝️☝️
In short, anyone who takes you to any exchange other than top exchanges like Binance is a scammer. Additionally, if they don't have a history like a chief analyst who publicly analyzes the market and posts predictions with articles and real trading performance that can be checked for the past few years, anyone claiming to help you make money with profit screenshots is basically a scammer ☝️☝️ In a bull market, everyone goes a bit crazy, and so do the scammers, but protecting your wallet is more important‼️ $BTC