Chapter 1: The Seduction
Once upon a time there was a mysterious investor named Ysi, whose appetite for cryptocurrencies was insatiable. His obsession led him to explore the darkest corners of the web in search of investment opportunities. One day, while browsing an anonymous forum, he came across an intriguing message:
“Invest on this site and triple your profits in just one week! Guaranteed!”
Ysi, driven by greed and excitement, immediately plunged into the world of the Suggested website, the website section was sleek and professional, very eye-catching and the whitepapers promised a bright future for cryptocurrency. Ysi didn't hesitate any longer and transferred a significant amount of his savings to the platform.
Chapter 2: The Ascension
The first few days were a whirlwind of emotions. The value of that cryptocurrency skyrocketed to the moon, Ysi saw his investment grow exponentially. He felt like a financial genius, praising his own cleverness for having discovered this hidden gem.
He began bragging about his gains on social media, encouraging others to join the “that fraudulent cryptocurrency movement.” Each new investor who joined further boosted the price, creating an illusion of imminent success.
Chapter 3: The Fall
However, the euphoria did not last long. One day, without warning, the website of that empowered gem went dark. Transactions became impossible and panic gripped the community. Ysi desperately tried to contact the administrators, but got no response.
The terrible truth became clear: that crypto was a carefully crafted scam, a Ponzi scheme designed to lure unwary investors and strip them of their money. Ysi, like many others, had become a victim of greed and lack of diligence.
Chapter 4: The Aftermath
Ysi's losses were considerable, not only financially, but also emotionally. He felt cheated, betrayed and ashamed. The experience scarred him deeply, making him question his own judgment and his ability to make sound decisions.
However, Ysi did not give up. He decided to learn from his mistakes and share his story with others to help them avoid falling into similar traps. He became an advocate for financial education and responsible investing, warning people about the dangers of cryptocurrency scams.
Chapter 5: Redemption
Over time, Ysi managed to recover from his financial losses. More importantly, he regained his confidence and his ability to invest wisely. He became an experienced and cautious investor, always doing thorough research before committing his money.
Ysi's story serves as a sobering reminder of the dangers of cryptocurrency scams. It's a story about greed, naivety and the consequences of hasty decisions. But it is also a story of hope, redemption and the importance of learning from mistakes.
Moral:
In the world of cryptocurrencies, greed can blind reason. Diligence and financial education are key to avoid falling into traps, you should also get good advice before sharing any information with third parties as you may hurt a few more people, invest what you are willing to lose, and learn to diversify your portfolio, share your experience to help others and never invest more than you can afford to lose.
This story is based on real-life events, Like And Share;)
#scamriskwarning $BNB $BTC #SCAMS

A Ponzi scheme, also known as a financial pyramid, is a fraudulent investment operation that involves paying interest to investors with funds from new investors, rather than generating them from actual productive activities.
In this type of scam, the scheme organizer attracts investors with promises of high investment returns, often with little or no risk. To pay these initial returns, the organizer uses money from new investors. As more investors join, the scheme grows exponentially, allowing the organizer to continue paying high returns.
However, this scheme is unsustainable in the long run. Inevitably, there comes a point when there are not enough new investors to pay the promised returns. At this point, the scheme collapses, and the last investors lose their money.
How long have Ponzi schemes been around?
Ponzi schemes have been around for hundreds of years. The name comes from Carlo Ponzi, an Italian immigrant who ran one of the most famous schemes in the 1920s. Since then, this scheme, being one of the most far-reaching, was baptized with his surname “Ponzi”.

Charles Ponzi; He scammed thousands of people in Boston by making them believe in juicy returns that never came. Photo Reference: National Geographic

Ponzi promised investors high investment returns on postage stamps, claiming he could sell them above market price. In reality, however, Ponzi was neither buying nor selling postage stamps. He was simply using the money of new investors to pay the returns of previous investors.

Since then, there have been many other famous Ponzi schemes, including that of Bernie Madoff, who defrauded thousands of investors of billions of dollars.
How does the scheme work?
Attraction of initial investors: An initial group of people is convinced to invest in the scheme, with promises of high returns.Payment of “profits” to the first investors: Money from new investors is used to pay interest or dividends to the first participants. This creates the illusion that the scheme is profitable and encourages more people to invest.Exponential growth: Participants are encouraged to recruit new investors to obtain additional commissions. This causes exponential growth in the number of people involved in the scheme.Collapse of the scheme: The scheme eventually collapses when there are not enough new investors to pay out “profits” to existing participants. At this point, many investors lose most or all of their money.

It is important to remember that Ponzi Schemes are illegal and fraudulent. If you are offered an investment opportunity that has the characteristics described above, walk away immediately! It is very likely that it is a Ponzi scheme and you risk losing your money.
How to identify a Ponzi scheme?
Ponzi schemes usually have some common characteristics:
🔸They promise high investment returns with little or no risk.
🔸They do not provide a clear explanation of how the returns are generated.
🔸They pressure investors to invest quickly and recruit others.
🔸They make it difficult for investors to withdraw their money.
🔸If you come across an investment opportunity that has these characteristics, it's important to research it carefully before investing.
How can you protect yourself from Ponzi schemes?
The best way to protect yourself from Ponzi schemes is to:
🔸Be wary of promises of high returns: If something sounds too good to be true, it probably is. Legitimate investments don't usually promise exorbitant returns.
🔸Research: Before investing in any opportunity, thoroughly research the company or project, Carefully research any investment opportunity before you give your money. Look for information about the company, the products or services it offers, and the team that runs it.
🔸Understand the risks: Don't invest money you can't afford to lose.
🔸Be wary of pressure to recruit: If you are pressured to recruit new investors, it's a red flag. Ponzi Schemes depend on constant recruitment of new members to keep operating.
🔸Seek financial advice: If you are unsure whether an investment is legitimate, consult with a trusted financial advisor.
Remember: Your money is important! Don't risk it in a Ponzi scheme.
Remember that the best defense against fraud is education. If you know about Ponzi schemes and how to identify them, you can protect yourself from losing your money.
If you liked this Educational Article, please react and I look forward to your comments.😉👇
#scamriskwarning #SCAMS

I think #Binance 's initiative to educate and alert the community about deceptive activities with its "Scam Risk Warning" campaign is excellent; and at the same time reward with $FDUSD totally free only for leaving testimonials to be a cautious operator
In my case I will tell you several experiences throughout this campaign, and currently I bring you the most common one that happens to me as a Content Creator (YouTuber).

When I started this path of recording videos, promoting projects, etc. Upload educational things, I began to receive countless emails with job offers and collaboration, sadly one time it happened that I opened an email and it brought an attached file, the pay was attractive... So I opened the email and downloaded a file that was to install a game .