Solanamaniaco

Africrypt was a sensational cryptocurrency scam in South Africa in 2021, involving approximately $3.6 billion, with over 65,000 investors affected, making it the largest cryptocurrency scam in African history.

Founded by the Ali and Ahmad brothers, it claimed to have an 'exclusive cryptocurrency mining algorithm' that could achieve stable monthly returns of 10%-20% through high-frequency trading, deliberately creating the image of a technical elite team.

Tiered Commission: A three-level distribution system of 'investor-broker-regional agent' was set up, allowing new investors to earn a commission of 5%-15% on the investment amounts of their downlines; in essence, it was a Ponzi scheme disguised as mining, using funds from new investors to pay interest to old investors.

Withdrawal Restrictions + Brainwashing Promotion: Initially, small withdrawals were smooth to attract users to invest more, but later, large withdrawals were restricted under the pretext of 'system maintenance' and 'market fluctuations', while offline seminars and social media brainwashing promoted the claim that 'holding long-term will surely double your investment'.

In April 2021, the Ali brothers suddenly announced that their 'wallet private keys were lost,' and subsequently fled with the funds, causing the platform to completely disappear.

Victims were spread across South Africa, Lesotho, Botswana, and several other countries, with many investors losing their life savings.

Police investigations revealed that the so-called 'mining power' was purely fabricated, and the funds were not invested in any blockchain projects but were instead used to purchase luxury homes, cars, and goods.

Key Warnings

1. High-yield mining should be approached with caution: If there is no public mining power data and the 'mining projects' cannot be verified, it is likely a Ponzi scheme.

2. Tiered commission = essence of pyramid schemes: If a cryptocurrency project excessively emphasizes new investor rewards far exceeding normal investment returns, it must be avoided.

3. The risk of private key custody is extremely high: Entrusting the private keys of cryptocurrency assets to a third-party platform is equivalent to handing money over to a stranger; the risk of the platform running away or misappropriating funds is uncontrollable.

🏅🉐【Bank of Japan Raises Interest Rate by 25 Basis Points, Policy Rate Reaches Highest Level in 30 Years】Financial Associated Press, December 19 - The Bank of Japan on the 19th passed a resolution at its monetary policy meeting to raise the interest rate by 25 basis points, increasing the policy rate from 0.5% to 0.75%. As a result, the Japanese policy rate has reached its highest level in 30 years. $BTC $ETH $SOL

🏅🉐【Bank of Japan Raises Interest Rate by 25 Basis Points, Policy Rate Reaches Highest Level in 30 Years】Financial Associated Press, December 19 - The Bank of Japan on the 19th passed a resolution at its monetary policy meeting to raise the interest rate by 25 basis points, increasing the policy rate from 0.5% to 0.75%. As a result, the Japanese policy rate has reached its highest level in 30 years. $BTC $ETH $SOL

🏅🉐【Bank of Japan Raises Interest Rate by 25 Basis Points, Policy Rate Reaches Highest Level in 30 Years】Financial Associated Press, December 19 - The Bank of Japan on the 19th passed a resolution at its monetary policy meeting to raise the interest rate by 25 basis points, increasing the policy rate from 0.5% to 0.75%. As a result, the Japanese policy rate has reached its highest level in 30 years. $BTC $ETH $SOL

Friends, let's chat and brag together, #加密市场观察
The guys are very active, and everyone is having a great time! $ETH
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$BTC
{spot}(BTCUSDT)
The power of beauty!

Friends, let's chat and brag together, #隐私叙事回归
The brothers are very active, and everyone is having a great time! $ETH
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$XRP Will the storm come? Or will there be another opportunity to land?👌🏻

The predecessor of Radar Coin was Vpal, which launched in 2014. Since 2017, it has been packaged and promoted as a 'virtual currency,' but in reality, it is a financial fraud project that combines pyramid schemes and Ponzi schemes.

The project falsely claims qualifications such as 'developed by the American Radar Laboratory' and 'backed by the central bank,' asserting that holding the coin can enjoy daily compound interest and that recruiting others can earn tiered rebates, relying on a pyramid-style promotion model for frenzied expansion.

Transactions can only be conducted on its self-built platform, with no access granted to any mainstream exchanges. Prices are entirely controlled by the operators, initially attracting investors by artificially inflating coin prices and later relying on new investments to fill the rebate gap for old users. In October 2021, the trading channel for Radar Coin suddenly closed, and the official website became inaccessible. The operating team absconded with the funds and blamed the collapse on adjustments in regulatory policies.

As of 2022, this scam has completely collapsed, involving over ten million users, with hundreds of billions in funds evaporating into thin air, leaving many investors with nothing. Subsequently, public security agencies in multiple regions have classified Radar Coin as a typical case of virtual currency crime and have filed investigations, with its fraudulent nature repeatedly warned about by officials.

The collapse of Radar Coin confirms that virtual currency projects 'without actual value support and relying on recruitment for profits' will inevitably face destruction due to a broken capital chain, serving as a wake-up call for investors: when faced with cryptocurrency projects that promise 'guaranteed profits and high rebates,' one must remain highly vigilant and not easily believe false advertising.

The predecessor of Radar Coin was Vpal, which launched in 2014. Since 2017, it has been packaged and promoted as a 'virtual currency,' but in reality, it is a financial fraud project that combines pyramid schemes and Ponzi schemes.

The project falsely claims qualifications such as 'developed by the American Radar Laboratory' and 'backed by the central bank,' asserting that holding the coin can enjoy daily compound interest and that recruiting others can earn tiered rebates, relying on a pyramid-style promotion model for frenzied expansion.

Transactions can only be conducted on its self-built platform, with no access granted to any mainstream exchanges. Prices are entirely controlled by the operators, initially attracting investors by artificially inflating coin prices and later relying on new investments to fill the rebate gap for old users. In October 2021, the trading channel for Radar Coin suddenly closed, and the official website became inaccessible. The operating team absconded with the funds and blamed the collapse on adjustments in regulatory policies.

As of 2022, this scam has completely collapsed, involving over ten million users, with hundreds of billions in funds evaporating into thin air, leaving many investors with nothing. Subsequently, public security agencies in multiple regions have classified Radar Coin as a typical case of virtual currency crime and have filed investigations, with its fraudulent nature repeatedly warned about by officials.

The collapse of Radar Coin confirms that virtual currency projects 'without actual value support and relying on recruitment for profits' will inevitably face destruction due to a broken capital chain, serving as a wake-up call for investors: when faced with cryptocurrency projects that promise 'guaranteed profits and high rebates,' one must remain highly vigilant and not easily believe false advertising.

gm $BTC

Polkadot (DOT), as a popular public blockchain project in the 2020 cryptocurrency market, once sparked market frenzy with its narrative of "cross-chain interoperability." However, it became a typical case of harvesting due to token splitting and excessive speculation.

Before the project went live, the official announced the token split at a ratio of 1:100 under the pretext of "increasing token liquidity," which instantly created a buzz of market scarcity, attracting a large number of retail investors to follow suit. After the split, the price of DOT surged in the short term under capital push, once breaking through $40, and the project's valuation was inflated to hundreds of billions of dollars.

However, in reality, Polkadot's cross-chain technology has made slow progress, and core functions have yet to be realized, with the so-called "technological breakthroughs" remaining largely at the white paper level.

As market enthusiasm waned, capital began to sell off at high positions to cash out, leading to a cliff-like drop in the price, which fell to around $2, a decline of over 95%, leaving countless retail investors who bought at high prices deeply trapped.

More critically, the project team subsequently introduced a parallel chain slot auction mechanism, further manipulating market circulation by locking up a large number of DOT tokens, effectively harvesting long-term holders.

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