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Ponzi Schemes Unmasked
1. What’s a Ponzi Scheme?
It’s a scam promising high returns using new investors’ money to pay old ones—until it collapses. Crypto lost $1 billion to them in 2024 (Chainalysis).
2. How They Lure You
They flaunt “guaranteed” 10% monthly returns or flashy DeFi projects with no real product—just hype and fake profits.
3. Warning Signs
- Unrealistic returns (e.g., 100% yearly with no risk).
- No clear business model—vague “trading” claims.
- Pressure to recruit others for bonuses.
4. Staying Safe
Research projects on CoinMarketCap—look for audits and real utility. If it smells like a pyramid, it is.
5. BlockGuardian’s Support
Check suspicious projects with BlockGuardian.xyz. Report Ponzi vibes via our form.
Extra Tips
- Ask: “Where’s the profit from?”—no answer, no go.
- Avoid “referral” heavy schemes.
- Withdraw early—if it pays, test small.
6. Next Steps
Read DeFi Deep Dive: Rug Pulls or return to Learn. See our whitepaper.