A trader’s single copy‑paste blunder allegedly routed $50M in USDT to the wrong address, freezing the funds and starkly showing how a tiny slip can trigger catastrophic, irreversible losses in crypto
Ponzi schemes thrive on enticing returns, drawing in new investors to fund payouts for earlier ones. This deceptive cycle ultimately leads to collapse when recruitment falters, leaving participants with substantial losses. Awareness is key to prevention.
Ponzi schemes lure investors with the promise of high returns, relying on new participants’ funds to pay earlier investors. This exploitative model collapses when recruitment slows, leaving many with significant losses. Understanding its mechanics is crucial for protection.