1. Don't be stubborn: 30% position rolling, hold when it drops, lock in profits when it rises, high sell low buy are all traps; 2. Stay away from meme coins and air coins: only focus on the trends of mainstream coins, do not chase rebounds or bottom fish, ride a wave of market trends all the way; 3. Capital management determines life and death: divide the principal into five parts, never go all in! Only add positions when the trend is not broken, supplementing with logic, not emotions.
Centra Tech is a high-profile fraudulent ICO scam in the cryptocurrency space that shocked the industry from 2017 to 2018, deceiving investors out of $25 million to $33.8 million through celebrity endorsements and a complete fake facade.
The scam was orchestrated by Ray Trapani, Sohrab Sharma, and Robert Farkas. They fabricated a CEO named "Michael Edwards," claiming he had twenty years of banking experience and held an MBA from Harvard, with a photo that was actually of Trapani's grandfather; they falsely claimed that the company had partnerships with giants like Visa and MasterCard, enabling the launch of debit cards for cryptocurrency that could be used for offline purchases, even forging licenses for fund transfers and other qualifications, while copying other companies' websites to create a professional image to gain investors' trust.
The project team spent heavily to enlist celebrities, with former boxing champion Floyd Mayweather declaring to his 8 million fans that he had invested in the project, and music producer DJ Khaled also participating in the promotion. The endorsements from these celebrities significantly increased the project's credibility, and in the fervent atmosphere of the 2017 cryptocurrency market, its ICO (Initial Coin Offering) quickly raised substantial funds, while the project team never disclosed that they paid the celebrities for promotion.
As the media questioned the authenticity of the executives' identities, and investors saw no actual products, the scam gradually collapsed. After the U.S. Securities and Exchange Commission intervened and launched an investigation, it was found that the project had no real partnerships or products. Founder Robert Farkas was arrested while preparing to board a flight to leave the country, and the remaining masterminds were also captured one after another. Ultimately, Trapani was sentenced to 8 years in prison and ordered to pay over $2.6 million in restitution, Sharma was required to pay $37.7 million, and Farkas also pleaded guilty and went to prison. The involved celebrity endorsers also paid settlements for illegal promotions.
This case became one of the early significant fraud prosecutions in the cryptocurrency field, pushing regulatory agencies to strengthen their scrutiny of ICOs. In 2024, the scam was turned into a documentary titled "Bitconned" by Netflix, where mastermind Trapani candidly recounted his involvement in the fraud, becoming a cautionary tale for investors.
Alert! The world's second-largest bond market is turning into a casino! 🎰 Hot money is rushing in, and the volatility of Japanese government bonds has tripled in three years! The global financial market trembles, the next 'Truss-style collapse' may be staged in Tokyo!
When cracks appear in the traditional financial system, where will the wise money flow? 🌊 Of course, to the more resilient and future-oriented crypto world! Especially after the Ethereum upgrade, the value of leading ecological projects will be comprehensively reassessed — for example, the highly anticipated Meme leader, Little Puppy! 🐕
When the storm comes, you need a Noah's Ark. $PUPPlES might just be your ticket! 🎫 $ETH $PIPPIN $BNB #加密市场反弹
🎅🏻High Energy Alert🎅🏻 Oppa Cup (OJBK2025) [Episode 3]
12.12 at 8 PM, the big boss of the trading circle will lead you to blow up the scene! [Preview🧧100u] @厂长布林带之神 @币安C2C中文 The long-awaited 'Oppa Cup OJBK Episode 3' is finally coming — this wave will directly raise the profile, missing it would really be a loss worth crying over!
This event is honorably sponsored by the top trader 'Factory Manager, God of Bollinger Bands' (Binance ID certified big boss)!
Those who understand, understand: being able to have this tough person in the industry come down to support, the density of useful information in this episode is definitely off the charts! Whether you want to learn trading skills, watch real-time operations, or just want to soak in the big boss's aura, this evening's live broadcast will hit your sweet spot.
Brothers, thank you to Binance boss #CZ , thank you to sister #何一姐 , after creating Binance Square for over a month, seeing the boss's encouragement gives us more motivation, let's create Binance Square together #加密市场反弹
【🔥Live Preview: See you tomorrow at 12:00 in the Binance Live Room!】 Hello everyone! Tomorrow (date) at 12 noon, I will be face to face with you in the Binance official live room! 🎯 Live Topic: "Building a Civilized Binance Square Together, Making Friends Worldwide" 💡 You will hear: 1️⃣ Key points analysis of recent market trends 2️⃣ Potential tracks and risk reminders 3️⃣ Interactive Q&A, answering your questions ⏰ Time: Tomorrow at 12:00 noon (starts on time) 📍 Location: Binance Live Platform (Search for "Live" in the APP to enter) 🌟 Benefits: During the live broadcast, random drawings will be held for surprise gifts to the audience! Remember to set your alarm clock, don't miss out~
See you tomorrow! Let's talk about the market and seize the opportunity!
👇 Click the reservation below for broadcast reminders so you don’t miss out! (Attached: Binance live room link or reservation button)
If we miss a bus, we can wait. If we miss a meal, we can make another appointment. If we miss a person, it may be a lifetime. If we miss an opportunity, it may be another kind of life! #加密市场反弹 #加密市场观察 #美联储FOMC会议