The Lafite protocol has completely collapsed! On December 22, 2025, this once gloriously touted cryptocurrency suddenly crashed, with the price plummeting from $92 to $4, a 95% drop in ten days, and over 300 million in funds instantly evaporated. The operators had already fled; on-chain data shows they emptied the core fund pool in just 3 hours, with 43 million USDT all going into the mixer, and the official website and Telegram group were shut down, without even a word.
The most tragic are those retail investors who were lured in with promises of making 4,100 from a 10,000 investment over 30 days at an annualized 76-fold return. Retired elderly, ordinary workers poured their retirement funds and savings into it, even bringing relatives and friends along to get rich together. As a result, when they opened their eyes, the tokens went to zero, the staking pool was emptied, and within two hours, 5,000 people rushed into the rights protection group, unable to even cry.
These people have done a lot of bad things inside, taking a 5% commission from directly recruited users, and when the team size reaches 1 million USDT, they can also take an additional 20% share. They fabricate lies about investing 100,000 to earn 50,000, frantically recruiting others, and dragging everyone around them into the trap. Now it's good, the police from Guangdong, Jiangsu, and Hunan have joined forces to act, directly blocking these S-level team leaders in the community, and confiscating more than 30 USDT cold wallets, 14 luxury cars, and 23 sets of property documents on the spot; they got caught before spending all the money.
The staking compound interest it promotes has no real business support, relying entirely on the principal of new users to pay returns to old users. The so-called multi-level distribution is a typical pyramid scheme, with five levels of agents from S1 to S5; the more people recruited and the more money invested, the harsher the distribution. Top-level agents can earn more than three times their own staking returns each month. The project team also plays tricks, saying 'smart contracts execute automatically' and 'LP liquidity pool locked,' but the contracts have not been audited at all; the 3% slippage destruction is just a gimmick, with the actual monthly destruction amount being less than 0.5% of the total circulating supply, having no effect on the coin price.
The police remind victims to quickly organize evidence such as investment records, chat logs, and transfer receipts, report the case in a timely manner, and cooperate with investigations, as there may still be a chance to recover some losses. This incident also serves as a reminder to everyone: don't be blinded by high returns; phrases like 'annualized 76 times' are a clear sign of a scam! Good advice is hard to give to the damned, but this time you really need to remember: before investing, ask yourself more: what profit is this money earning? How does the project team profit? If you can't explain it clearly, run away quickly!