2026-01-14 07:27:59

Bitcoin hits a new high, breaking through the $95,000 mark, with market enthusiasm continuing to rise. However, this wave of market activity also exposes the chaos within the crypto ecosystem— a well-known political figure involved in a crypto project has been questioned by the community for suspected false advertising. The latest revelations suggest that the project team may have embezzled approximately $3.5 million and disappeared. Such incidents serve as a warning to investors: even if the project team has a prominent background, it is still necessary to carefully scrutinize team promises and fund flows. Opportunities and risks coexist in the crypto market; due diligence and risk management remain the first line of defense to protect your assets.

BTC-1,33%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

21 Likes

Reward
21
10
Repost
Share

Comment

0/400

AirdropLicker

· 01-17 07:19

During the bull market, there are also many scammers. I've already figured out their tricks long ago.

View OriginalReply0

GasGasGasBro

· 01-15 15:05

Another "well-known figure" endorsement, hilarious. Luckily, I learned to be smart a long time ago.

View OriginalReply0

RektRecorder

· 01-14 08:13

A strong background is useless; if you're going to run, just run.

View OriginalReply0

RektButSmiling

· 01-14 07:58

Another "well-connected" situation, honestly laughable. Can a halo be used as currency?

View OriginalReply0

WalletWhisperer

· 01-14 07:57

the $3.5M vanish pattern... textbook whale dumping behavior disguised as "exit liquidity." noticed the transaction velocity spike 48hrs before announcement? that's no coincidence, that's deterministic psychology at work.

Reply0

ContractCollector

· 01-14 07:54

No matter how strong the background is, it's useless. Once again, we're seeing a collapse of reputation.

View OriginalReply0

SnapshotStriker

· 01-14 07:49

Here comes another one. Even backing from the big shots can't save the lives of those who get chopped. $3.5 million is gone just like that. Does anyone still dare to take the plunge?

View OriginalReply0

Deconstructionist

· 01-14 07:48

Can endorsements from politicians really be so competitive? This circle really has no bottom line... $95,000 is indeed tempting, but losing $3.5 million like that—who gave the courage?

View OriginalReply0

PensionDestroyer

· 01-14 07:47

Another big project has run away, hilarious. No matter how impressive the background is, it can't stop the rug pull.

View OriginalReply0

Rekt_Recovery

· 01-14 07:41

ngl, the clown show never stops... big names, fake promises, rinse & repeat. seen this movie too many times, lost enough leverage ptsd to know better lmao

Reply0