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.

BTC4,27%

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.

15 Likes

Reward
15
8
Repost
Share

Comment

0/400

RektRecorder

· 10h ago

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

View OriginalReply0

RektButSmiling

· 10h ago

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

View OriginalReply0

WalletWhisperer

· 10h ago

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

· 10h ago

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

View OriginalReply0

SnapshotStriker

· 10h ago

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

· 10h ago

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

· 10h ago

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

· 10h ago

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