If you bought any tokens, sell them immediately, if possible. The price will never recover.
Never buy into crypto gaming scams again, you naughty boy.
I didn't buy in.
I'm just trying to understand how it works.
I think I understand how it works, but I'd prefer to hear it from someone else's point of view.
The company that is generating these heists all over the place is also involved in some other schemes.
One, is "Pyramid City", where they advertised they were buying land and building pyramid mausoleums on it. They collected tons of money but never did anything else.
And, they seem to be paying journalists to promote their nonsense.
Where it gets interesting is their CCP ties via a Chinese national in Singapore. They seem to be doing their coding at his behest, where he is in charge of marketing tons of other scams.
https://twitter.com/Teefinha97
He has tons of bot marketing that is ongoing.
Mainly, I'm trying to determine how far the rabbit hole goes.
But, it is refreshing to hear other points of view to understand it from a new perspective.
Well in general the scams go something like: 1. Get a bunch of suckers to buy the tokens, through "marketing" 2. Siphon off all the money via liquidity 3. Token value goes down 99% 4. Profit
For anyone who bought it, write it off as a complete loss. There is nothing you can do, sucker.
- Siphon off all the money via liquidity
Can you explain this step?
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