A finance practitioner, Lao Bai, first heard about Bitcoin and initially found it absurd. However, as the price rose, his curiosity grew stronger. Later, an acquaintance recommended a platform claiming to offer "Bitcoin quantitative arbitrage," emphasizing its "bank background," "regulatory filing," and "automated stable profits." Lao Bai is usually sensitive to risks, but seeing the platform's professional interface, professional customer service, and professional white paper, his professional vigilance was slowly undermined by these "professional facades."
To verify, he invested a small amount to try it out. The next day he did make a profit, so he invested a bit more. Until one day, seeing others flaunt huge returns, his mindset completely collapsed, and he gritted his teeth to transfer his years of savings in one go, fantasizing about achieving a leap in life ahead of time.
However, one weekend, the platform suddenly went into maintenance; by Monday, all withdrawal channels were closed, and customer service stopped responding. A few days later, the website was completely inaccessible, and the "regulatory filing" mentioned by his acquaintance was also confirmed to be a forged document. The funds Lao Bai had accumulated over the years disappeared without a trace.
At that moment, he realized:
The more a scam looks "legitimate," the easier it is for people to let their guard down.
A warning left for those who come later is:
In the cryptocurrency world, true safety does not come from packaging, but from your unyielding diligence.
