Operator takes advantage of insider information and makes $2 million in 15 hours! 🥶

An alarming case of insider trading has shaken the cryptocurrency world. One clever trader managed to convert 3.89 $SOL (about $600) into 999 $SOL (equivalent to $153.56K) in just 15 hours, making unrealized profits of $2.5 million.

• As it did? 🧐

Withdrawal: The trader withdrew 3.89 $SOL ($600) from Binance.

Strategic Purchase: Used 2.89 $SOL ($445) to acquire 2.46 billion $Minette on the same block where the developer added liquidity.

Timely Sale: He then sold 1.04 billion $Minette for 998.7 $SOL ($153,000), retaining 1.42 billion $Minette worth $2.5 million.

Important lesson: ⚖

This case highlights the importance of caution when investing in cryptocurrencies. The market is plagued by scams and malicious actors who take advantage of investors' ignorance.

Recommendations:

• Rigorous research: Before investing in any cryptocurrency, especially unknown projects, it is crucial to conduct in-depth and thorough research.

• Critical analysis: Carefully evaluate the project, its team, its technology and its potential.

• Risk management: Invest only what you can afford to lose and set clear limits on your investments.

What would you have done? 🤔